Advertising and production company Limners and Bards Limited, which trades as The LAB, has restructured its business for fresh flows of revenue from the build-out of a new content creation department to drive revenues and has streamlined its...
Last December, for the first time in a decade of data collated by the Bank of Jamaica, BOJ, remittance inflows to Jamaica topped US$300 million in one month. Then in March, a new record was set, with US$327.5 million of inflows, continuing the...
The Jamaica Stock Exchange, JSE, is adding green bonds to its trading platform, but the first listing is at least a year away. JSE Group is working with the Green Climate Fund, GCF, to develop green bond listing standards and guidelines; after...
Small lender ISP Finance Services is on the hunt for businesses that are complementary to its microfinance operation in an aggressive push to grow the company’s loan portfolio. Since its listing on the Jamaica Stock Exchange five years ago, ISP...
Jamaica Dairy Development Board, JDDB, is anticipating growth in local milk production to 15.1 million litres by December and is banking on new market entrant Trade Winds Citrus Limited to assist in getting to the desired national target. The...
CAC 2000 and Tropical Battery have forged an energy partnership under a joint venture called ENRVATE Limited that will trade in energy-saving solutions in Jamaica and the Caribbean. The company, which was incorporated at the end of April and became...
Caribbean Foods Limited, CFL, has expanded the Foska product line beyond oats to include oat milk, which the Ramson family-owned company says it has outsourced to an overseas manufacturer to produce. CFL, the owner and manufacturer of the Foska...
Various food and meat producers have announced price increases in recent weeks, but one of Jamaica’s largest manufacturers, Grace Foods, says it is exploring various means to minimise the pass-through of prices to consumers. Production costs have...
GraceKennedy Financial Group Limited, GKFG, is in discussions with a business that for now is only being described as a “large operator in the Caribbean”, as a potential partner in Scotia Insurance Eastern Caribbean Limited, SIECL, a new...
Jamaica’s coffee producers want to grow crop yields by 35 per cent over the next four years, and thereafter double production volumes to 500,000 boxes of beans by 2030, with the aim of capitalising on the growing market for specialty coffee. The...
Evergo Jamaica, through its parent company InterEnergy Group Limited, is investing roughly $150 million in the rollout of 60 electric vehicle charging stations across Jamaica by year-end. The company has already installed four charging stations in...
Food distributor Everything Fresh Limited, EFresh, has launched a snack line following a review of its business, which produced losses of $181 million for year ending December 2020. Concurrently, the company is finalising plans to exit at least...
Housing developer West Indies Home Contractors Limited, WIHCON, is pumping funds into research and development around prefabricated steel and container homes as more affordable options for homebuyers at the mid- to lower end of the residential...
Courier company Mailpac Group Limited wrapped up 2020 with earnings of $443 million on revenues of $1.7 billion, levels the company did not expect to reach until a year or two from now. Mailpac, which listed on the junior stock market in late 2019...
Jamaican Teas is coming to market with an instant turmeric-ginger tea mix in July, amid growing demand for the active ingredient in turmeric, curcumin, which has been proposed as a potential treatment for COVID-19. The health-driven demand for...
A plan to install disinfection mats at the ports to keep the Tropical Race 4 disease, TR4, at bay, remains on the to-do list of the special task force set up to execute it, more than a year later. The delay, said General Manager of the Banana Board...
Jamaica’s electric vehicle market, and the ecosystem to drive it, is still in its infancy, but Stewart’s Auto Sales is moving to test the country’s readiness for full-EVs with the Jaguar I-Pace, one of which it sold to the British High Commission...
The disaster readiness component of Jamaica’s Global Services Sector Project, or GSS Project, which is intended to allow for quick responses to events like COVID-19, has been slowed, due to a “weak” report from a consultant. The consultant was not...
The Ministry of Industry, Investment and Commerce, MIIC, is working with both private- and public-sector interests on the development of a secondary market for confiscated property, an initiative that at its core is meant to unlock capital for...
Petroleum marketing company Future Energy Source Company, which trades as Fesco, hopes to raise $400 million from stock market investors in exchange for a 20 per cent stake in the company. Fesco’s updated prospectus for its initial public offering...
Coffee processor Salada Foods Jamaica Limited is weighing price increases for its instant coffee products, one of at least five measures the company is pursuing to combat the expected fallout in earnings from the revision of its coffee blend to...
Plastic drinking straws should be off the market by mid-year, but Jamaican manufacturers say they have identified a loophole that gives juice importers an advantage and which they are urging Government to plug before the third phase of the ban is...
Trinidadian John deSilva has been hired to run Lasco Distributors Limited, closing the vacancy for managing director that had been open for nearly two years. DeSilva, who took office on March 1, eases deputy executive chairman James Rawle of his...
Jolted by the pandemic, insurance brokerage Caribbean Assurance Brokers Limited, CAB, has pumped funds into new software and is building out an online platform that it intends to position as its primary conduit for doing business. The transition...
