Used car dealer Jetcon Corporation has added a new business line, which takes it outside the auto market for the first time in three decades of operation, amid moves to restore sales revenue to prepandemic levels. The car company has ventured into...
tTech CEO Christopher Reckord is exploring his options with an eye on either a Caribbean or global move. This, as he announced that after nearly a decade of association with tTech, and over four years as its leader, he will be moving on. Reckord...
Michael Lee-Chin Jr has ventured into an online business that offers loans to the unbanked and others facing challenges in accessing credit. Lee-Chin Jr, the son of investor and bank owner Michael Lee-Chin, has joined forces with banking and...
Y aadman Petroleum is set to enter the fiercely competitive service station market in the Corporate Area, opening a new service station at the Pechon Street and Water Lane intersection in downtown Kingston as part of plans to spend more than...
COK Sodality Cooperative Credit Union has signed an agreement with Northern Caribbean University to set up a branch on its Mandeville campus that will not only offer financial services to staff and students, but will also facilitate NCU’s work-...
Anticipating an inflection point and the likely takeoff in electric vehicle sales, General Accident Insurance Company, GENAC, is taking first-mover position in the Jamaican market with special coverage. This after scoring success as a new player...
Buffeted by inflation and higher loan costs, car buyers are moving away from sport utility vehicles (SUVs) and even mid-level sedans to cheaper models. However, the lower sale prices and higher costs incurred to supply these cheaper cars are...
A consortium that is said to include three of Jamaica’s leading investment houses – JMMB, Barita, and Sygnus – as well as three directors of the Jamaican bunkering outfit that initially claimed it bought the company, says it is on the hunt for US...
Audrey Hinchcliffe’s Manpower Group wants to start awarding first degrees by 2026. The cleaning and maintenance company’s training arm, the Institute for Worker Education and Development, IWED, is now recognised as a higher-education institution....
Amber Aviation, a new subsidiary of the Amber Group, is set to take to the Jamaican skies by January with a fleet of six aircraft that will be utilised for air tours targeted at tourists. But it’s still awaiting the final issue of its permit by the...
Dolla Financial Services Limited is launching a bid to acquire rival microlender Access Financial Services. Dolla Financial CEO Kadeen Mairs has written to Access' board of directors saying they are "interested in exploring a take-over to acquire...
Riding on the back of a fourfold rise in revenue, First Rock Real Estate Investment Limited, FREI, reported its best quarter since going public as a start-up. At US$2.42 million, or 0.8 cent per share, the real estate investment company’s earnings...
Listed Jamaican conglomerate GraceKennedy Limited, which runs a global business across several sectors, says it has cut ties with its dealer in Russia through which is did business in that country, in keeping with worldwide sanctions against the...
T he Private Sector Vaccine Initiative, PSVI, has administered more than 33,000 COVID-19 vaccinations in three months, but those numbers represent just over a half the level that corporate Jamaica had hoped to achieve. In fact, the low take-up of...
Within three years, renewable energy company Wigton Windfarm Limited will be replacing equipment that will become obsolete, a project that should ease the amounts spent on maintenance of the turbines it operates in central Jamaica and produce...
After a year of operation, Stratus Alternative Funds, an investment vehicle created and managed by NCB Capital Markets, is looking to expand its portfolio through the addition of a new layer to its most recent product, which provides financing for...
Victoria Mutual, whose core business is mortgage lending, has rebranded officially as VM Group in the midst of a five-year transformation programme to recognise the diversity of services the financial house now provides. The change comes at VM’s...
Blue Power Group Limited is expanding its capacity with the purchase of an additional production line from Kirk-FP Limited, a member of the Cari-Med Group, which is exiting the manufacturing of soaps to concentrate solely on distribution. The deal...
Health insurance premiums are expected to increase as a perfect storm of events converge to push up costs. Insurance industry leaders say that they have been holding back on upward revisions since the start of the COVID-19 pandemic, opting instead...
Banking on new drinks distribution contracts, Rerum Trading is looking to break through a $1 billion in sales by next year, CEO Omar Newell has said. The company formed two years ago now has a three-year deal with Trinidadian manufacturer SM Jaleel...
M arketing company Yaadman Petroleum’s plan to develop Jamaica’s largest service station at the bustling Christian Pen roundabout in St Catherine has hit a snag. At the August meeting of the National Environment and Planning Agency-Town and...
Under a regional initiative led by Nestlé, the multinational food company is partnering with six others to hire young people in Jamaica and the Caribbean. Around a thousand jobs, at both entry and professional levels, are expected to be created...
The Bahamas and Trinidad and Tobago have been fingered as the next two Caribbean countries expected to default on their sovereign debt, with widespread repercussions for their economies, populations, creditors and, eventually, the corrective policy...
Kevin Frith has reacquired the assets of Bar Central Limited, a company he founded and later sold majority interest to SSL Venture Capital Jamaica. Two years after the takeover, the fallout in the alcohol trade resulting from the coronavirus...
