Woodcats International Limited, a maker of wooden pallets for manufacturing and distribution companies, is looking to carve value from the scraps it once disposed of as waste. General Manager Peter Douglas says the company is utilising the...
Investment firm Dequity Capital Management has acquired a 25 per cent stake in Pinnacle Insurance Brokers Dequity Capital CEO Kadeen Mairs said the shareholding in Pinnacle was acquired for $45 million, which, given the insurance brokerage’s $350-...
Petroleum marketing company Future Energy Source Company, which trades as Fesco, is partnering with delivery service 7Krave, through the 7Kravemart app, to deliver Fesgas household cooking gas to customers. Fesco CEO Jeremy Barnes says the service...
While there has been a marginal increase in people placing bets, playing lottery games or betting in gaming lounges, the take is down, new data from the Betting, Gaming and Lotteries Commission, BGLC, shows. The regulator sees untapped promise in...
Sagicor Real Estate X Fund Chairman Howard Mitchell says a new deal for commercial property in Cayman Islands, acquired for US$10 million, is the opening play in a one-year programme that will reflect an adjustment of the company’s conservative...
Drug company Indies Pharma Jamaica Limited is looking to double next year’s revenues, following approval of its abbreviated new drug application, referred to as ANDA or, more simply, generic drug, by the Food and Drug Administration of the United...
After adding new cars to its offerings to entice increasingly reluctant used car buyers, auto trader Jetcon Corporation Limited is mulling the possibility of pulling out of the used car market altogether. Three decades after its founding, the...
Regency Petroleum Company Limited, RPL, is looking towards leasing and franchising arrangements to grow the business, now that it has four petrol stations fully operational and another, though delayed, expected to start pumping gas by late...
Salada Foods Jamaica Limited has gone digital while heading downmarket for fresh revenue. For the third quarter ended June, sales at the coffee processing company rose to $405 million, a 46 per cent increase from $277 million for the similar period...
After posting its first loss in company history, Paramount Trading Jamaica Limited has embarked on a programme of retrenchment even as it continues headhunting fresh talent. CEO Hugh Graham said the dual track, that is, job separations amid new...
The Sygnus Group has set a target of US$1 billion in alternative assets under management, or AAUM, in another two to three years, says co-founder and Chief Investment Officer Jason Morris. The group currently has AAUM of US$500 million, separate...
Food service company Mother’s Enterprise Limited is ramping up its expansion programme through new partnerships with gas station operators, and others. After opening the doors to a new brand, Mother’s Café, at the UWI Hospital and a Mother’s...
Lighting and manufacturing company FosRich is aiming for five times greater revenue in three years. By the end of 2027, the company should have reached $22 billion in annual revenue, said CEO Cecil Foster, an effort the company has dubbed ‘Pinnacle...
MANUFACTURING AND distribution company Seprod is doubling down on its export strategy as it targets 30 per cent of its production base for exports by December 2025. In its just-released fourth-quarter report, the company scored big in 2024, with a...
The calling of margin loans associated with the execution of a mergers and acquisition strategy is at the heart of legal action by listed investment house VM Investments against digital media company iCreate. The ‘calling’ of a loan happens when a...
As digital media company iCreate prepares to head to court, CEO Tyrone Wilson is charging that his company was badly damaged by being wrongfully put into receivership. Wilson said iCreate is contending that Sagicor Investments Jamaica Limited’s...
Petroleum bunkering and marketing company West Indies Petroleum Limited (WIPL) is gunning for 35 per cent of the domestic petroleum market, up 10 percentage points from its current 25 per cent. CEO Charles Chambers is gung-ho about the projection,...
The troubled digital media company iCreate is to outline its next move at a special press conference this morning in the aftermath of it being placed in receivership by financial giant Sagicor. News came late Wednesday that iCreate, which was...
A ‘stick of weed’, enough to make a ‘ziggy’, made the difference on Wednesday afternoon, as cannabis industry support company Strain IQ topped all comers at the Jamaica Stock Exchange’s (JSE) regional investment conference pitch room. Co-founder...
Lasco Financial Services (LFS) has launched a two-pronged attack to gin up its business in the remittance market, a mainstay of the Junior Market-listed company’s operations. Using a marketing campaign dubbed ‘Simplify your life’, the company wants...
Hiring ads for fast-food company Mother’s have been popping up recently on multiple channels. Managing Director Sheldon Seymour says it is part of a non-stop expansion push that began with the change in ownership in May 2023. Mother’s refurbished...
Construction company Tank-Weld is deepening its lumber operations through a new lumber treatment plant that’s expected to be commissioned by December. Tank-Weld is developing the treatment facility at Rio Bueno, Trelawny, at a cost of about $500...
Billed as a panoramic, ocean-view, luxury development, Ocean’s Edge should have been on the market from October 2021, but it’s currently on pause, and the delays and missed deadlines have left investors fuming. Andrew James, chairman of the Real...
Used car dealer Jetcon Corporation says loan rate hikes and scarce funds have slammed the brakes on cars moving off its lots, and pulled the auto trader into losses in the March quarter. Jetcon has issued its first-quarter results, although its...
