Pan Jamaica Group Limited has added another company to its portfolio, having acquired majority ownership of a juice business based in Copenhagen, Denmark. The terms of the acquisition of Frankly Juice were not disclosed. Those details should emerge...
Jamaican Teas Limited emerged relatively unscathed by Hurricane Melissa, with no damage to its complex at Temple Hall nor its supermarket and unsold studio apartments. Additionally, two-thirds of the group’s manufacturing sales are exported to...
Amid ongoing efforts to reverse financial losses and transform the multimedia business, Radio Jamaica Limited, which trades as RJRGLEANER Communications Group, updated shareholders on plans to break down internal silos, streamline operations and...
General Accident Insurance Company Jamaica Limited is expanding through the addition of a new subsidiary, Trinidad-based Beacon Insurance Company Limited, which will create one of the largest regional insurance platforms in the English-speaking...
In the wake of Hurricane Melissa’s devastating sweep across Jamaica, CG United Insurance Limited has mobilised a regional disaster recovery team to support its Jamaican operations and assist affected policyholders. The Category 5 storm, which made...
Investors responding positively to Paramount Trading Jamaica Limited’s turnaround performance in its first quarter ended August. PTL shares closed at $0.94 on the junior market of the Jamaica Stock Exchange on Wednesday, after tripping the circuit-...
Urbanist Brent Toderian has issued a call to the Jamaican government to reclaim Kingston’s waterfront and transform it into a vibrant, people-centred public space. Delivering the 25th annual Maurice Facey Lecture at the Jamaica Conference Centre in...
After five decades at the helm of one of Jamaica’s private and community-rooted waste management companies, Dorothea Gordon-Smith is preparing to hand over the reins of Garbage Disposal...
Pharmaceutical distributor Indies Pharma Jamaica Limited is expected to tackle the development of its prime real estate holding at Ironshore in Montego Bay, having raised funds to refinance existing debt and for investment. The company issued a new...
GraceKennedy Limited has announced leadership changes in its insurance segment, the latest shuffle in the conglomerate’s strategic evolution, according to Steven Whittingham, CEO of GraceKennedy Financial Group Limited. Insurance accounts for...
Island Grill now has 18 stores in its portfolio, but plans to ramp up those numbers to at least 25 within four years, a project in which it will invest about US$10 million to US$14 million. The company has a solid footing in the fast-food chicken...
Jamaica’s gambling regulator, the Betting Gaming and Lotteries Commission, BGLC, is warning the public on the illegality of placing bets with bookmakers that are not licensed to operate in Jamaica, and the attendant risks with such wagers. The...
Cost-cutting and product innovation, backed by heavy marketing and advertising at gaming and lottery company Supreme Ventures Limited, SVL, have combined to deliver nearly two-thirds higher profit in the June second quarter. Executive Chairman Gary...
Supreme Ventures Limited, SVL, intends to transform Caymanas Park into a diverse complex that’s centred around horse racing but offers other amenities off which it can make money. Its plan includes the development of a three-star hotel on the 196-...
Husband-and-wife team Mickoy Holness and Nickeisha Horne Holness have entered the truck dealership market as representatives of a Chinese brand. Holness, who has two decades of experience in trucking, said he was approached by Chinese interests to...
Supreme Ventures Group is putting US$100 million, or $16 billion in local currency, towards upgrades for Caymanas Park, the home of horse racing in Jamaica. But SVL Group Executive Chairman Gary Peart said the commitment comes with a caveat – that...
Since taking over as CEO of GraceKennedy Group in February, Frank James, who was promoted from within, is keeping his eye on the company’s prize: hitting US$2 billion in revenue by year 2030, which translates to about $320 billion at current...
Derrimon Trading Company has confirmed plans to offload assets, but says any sale would be confined to non-core holdings. “Yes, there are assets that we need to sell, but no, it does not involve the sale of any of our companies,” CEO Ian Kelly said...
The former Foote Prints on the Sands hotel is reopening with a new name and new design, and is going after a different clientèle. “It’s going to be more upscale; it’s going to be more boutique, more luxurious,” said Executive Chairman Dr Andre...
Following a further reduction in its policy rate, the Bank of Jamaica, BOJ, is again urging commercial banks to reduce their lending rates to their customers. The BOJ has lowered the cost of short-term borrowing for commercial banks by 25 basis...
Guardsman Group Limited has launched its new Cyber Secure Operations Centre, SOC, in Kingston, which Group Director of Finance Neil Robinson says was outfitted at a cost of just under US$2 million. “We invested that amount in getting all of the...
Armed with the approval of the central bank, entertainment company Supreme Ventures Limited has entered the bill payment market through its fintech arm, Supreme Ventures Fintech Limited. The service will be provided under its Evolve brand. The...
By about June 2026, Jamaica’s first formal truck stop and traveller’s halt should be open for business. It will be a dealer-owned and dealer-operated, or dodo facility, under the Regency Petroleum brand in proximity to Regency’s LPG filling plant...
IronRock Insurance Company has a new home and a new leader. It’s looking next to grow its talent pool. The general insurer has relocated its offices to Hope Road in Kingston, taking up office space that was formerly occupied by Stocks and...
By year end, Jamaica’s largest wellness chain, Express Fitness, will add a new gym and expand the facilities at the crowded Constant Spring Golf Club centre, which caters to platinum clients at premium prices. Parent company for the gym chain,...
