Kemtek Development and Construction Limited is now marketing a new residential complex in Portmore called Oak Estate that’s priced at mid-tier buyers. The project is being executed in four phases, the first of which will incorporate 144 units for...
The Jamaica Bankers Association, JBA, has not put a cost on the ongoing job of deploying new machines and technology for handling the polymer notes released by the Bank of Jamaica, but says the banks are feeling the sting. It’s said to cost up to...
General Accident Insurance Company Limited has no immediate plans or need to raise capital when it migrates to the main market of the Jamaica Stock Exchange, Chairman Paul B. Scott has said. At the company’s annual general meeting on Friday, Scott...
Restaurant Associates Limited Chairman Richard Lake, who operates the Burger King and Popeyes franchises, says while the fast-food or quick-service restaurant chains generally support the Jamaican economy, he has ruled out doing business with...
Another junior market company has announced its intention to graduate to the main market of the Jamaica Stock Exchange, saying its business has matured enough over the past decade to handle the more stringent requirements. General Accident...
On the heels of adding a new business line, large auto trader Stewart’s Automotive Group will be hosting its first job fair in mid-September in hope of netting talent in a competitive jobs market. The company now has five auto business units, the...
A year after entering the local market, InDrive, a Siberian company by origin that operates a global service rivalling Uber, says ridesharing has been growing in Jamaica and it’s due to the depth of internet penetration, which encompasses nearly...
Unicomer, operator of the Courts furniture network, will open a second store in Portmore in St Catherine next month, while laying claim to nearly half of the Jamaican market amid continuing expansion. It will operate from leased space in a new...
At first blush, the numbers provided by the Jamaica Special Economic Zone Authority appear to suggest a dramatic change in the SEZ landscape, based on the implied eighteenfold growth in revenue flows from one year to the next. But the special...
Unicomer Jamaica will be introducing a new line of industrial-grade equipment for the Jamaican market through its retail subsidiary, Courts, which up to now has only catered to a consumer market with household furniture and appliances. The company...
The company approved as the purchaser of Mystic Mountain Limited, Northjam Island Tours Limited, is expected to pay US$13 million for the bankrupt business, the Financial Gleaner has learnt. The new owner is now expected to take over the business...
The value of limestone exports has been on the decline in recent years, but state marketing agency Jampro sees a path to a turnaround that rests on enticing investors to manufacture intermediate products from the mineral-rich aggregate. Jamaica...
HMH Farms Limited is testing a new line of goat meat burgers, a first of its kind commercial product that aims to leverage Jamaicans’ love of mutton, which is traditionally consumed as a curried dish. The company, which trades in goat meat and...
Hotels have a big appetite for high-quality chocolate products made from the world’s finest cocoa, called couverture, but the group tasked with fostering linkages between the tourism market and local businesses says it’s hard to come by in Jamaica...
Blue Mountain Coffee Venture Limited, BMCV, is weighing a richer blend of tourism and coffee, with plans to add a hospitality component to its rural St Andrew operation as it looks for ways to grow the business. The company has indicated, however,...
Real estate transactions topped $13 billion in value in the first half of this year, with a plurality of the sales concentrated within the top income bracket encompassing the luxury market, data provided by Realtors Association of Jamaica shows....
Jamaica Agricultural Society President Lenworth Fulton has cited three court cases and problems with the delegate’s list of eligible voters as the reasons for the derailment of the group’s annual general meeting on July 12. There is also the matter...
Originally slated for a summer début, the new Fontana pharmacy at Braeton Parkway and Municipal Drive in Portmore is now set for opening in three months. Fontana is leasing space in a complex that’s also expected to house a Starbucks café and...
NCB’s inhouse fraud specialist, Dane Nicholson, wants banks and financial houses to get tough on customers as a teaching moment for those who carelessly fall into the trap of cybercriminals. He is also urging companies to end their love affair with...
Deputy Commissioner of Police Fitz Bailey is urging companies to be more forthcoming regarding fraudulent attacks, noting that only one-fifth of crimes are reported and that often, companies make the decision not to report in order to protect their...
There is still resistance from traditional doctors and pharmacists and cultural leanings to overcome, but telehealth and telemedicine have been gaining traction in Jamaica, and new investors are entering the market with web-based solutions....
In a soft period for private pensions when portfolios declined, fund manager Sagicor Life Jamaica Limited turned out to be one of the big drags on the market’s performance last year. As the largest pension fund manager, the insurance company closed...
Although household debt has been on the rise, the demand for credit reports to ascertain the creditworthiness of retail borrowers has been falling, and the Jamaica’s largest bank has a theory as to why. National Commercial Bank Jamaica, which is...
The size and scope of the so-called roots drinks market in Jamaica remains largely cloaked by the informal nature of the trade. But having experienced a downturn during the health crisis, the market is regaining strength as sole trader DTOS...
Jamaica Special Economic Zone Authority is finalising a new policy that will allow all firms it licenses, including outsourcing companies, to implement remote work arrangements for nearly a third of their workforce. But it will come at a cost to...
