Renewable energy company Wigton Windfarm Limited intends to tap the market for funds to finance an ambitious expansion and diversification programme, but is timing the trigger. The wind farm is operating at near maximum levels in terms of equipment...
A confluence of events, not least of which was the outbreak of the coronavirus, has led to delays in the showroom and headquarters being developed in New Kingston by Magna Motors, the dealer for Hyundai vehicles. But some of the hold-up comes from...
A push to digitise operations, accelerated by the full onset of the COVID-19 pandemic, has coincided with a number of exits from brokerage Mayberry Investments Limited. Three top managers and an assistant vice-president have exited the company...
After posting a record $273-million profit last year, Jamaica’s third-largest credit union, First Heritage Co-operative, FHC, is grappling with a shrinking bottom line caused by the COVID-19 pandemic. The latest unaudited numbers coming out of FHC...
Pending regulatory approval, Billy Craig Insurance Brokers and Maritime General Insurance Brokers, MGI, will merge their operations to form BCMG Insurance Brokers Limited. Billy Craig Insurance CEO, William Craig, says the merger is a non-cash...
Gaming and lottery company Supreme Ventures Limited, SVL, has entered the South African market through partnership with a software company, which will distribute its most lucrative game, Cash Pot, in the country of around 59 million people. It is...
By the time Seprod Limited completes the build-out of its logistics centre, the company would have shelled out at least $2.5 billion to set up the distribution hub, according to CEO Richard Pandohie. The first tranche of $1 billion has already been...
Holding true to its laid-back and permissive image, Hedonism II in Negril has added a therapeutic element to its product line in the form of a medical marijuana dispensary. The herb house, called HedoWeedo, had a soft opening on July 10, making...
Food marketing company Nestlé Jamaica has entered the powdered milk market under the Nestlé Everyday brand. The product will compete with two other brands of powdered milk on the market, Lasco LaSoy and Anchor. Nestlé had earlier this year re-...
General Insurance company IronRock is still a young buck in a market that it entered as a start-up over four years ago with a tech strategy for insurance delivery – a status its founders say has helped it to weather the pandemic, so far. The young...
Private equity fund Portland JSX Limited is tempering expectations on the timeline for returns as the COVID-19 pandemic ravages regional businesses, saying as much as US$80 million of expected profit share may be delayed. Managing Partner Rob...
Manufacturing and distribution company Wisynco Group Limited will be taking a shot at Jamaica’s beer market as distributor of Budweiser and other foreign brands owned by Anheuser-Busch InBev. This comes as a fourth-quarter dip in revenues put a...
Shareholders have given the nod to PanJam Investment Limited’s plans for an additional public offering of shares, APO, through which the company aims to raise US$100 million ($15 billion). The vote on Tuesday clears the way for the property and...
After a tentative reopening on June 15, summer tourist arrivals are less than a third of normal levels. Minister of Tourism Edmund Bartlett says the latest count shows that 120,000 tourists have come to Jamaica since the country reopened its...
Jamaica’s oldest sugar estate, Worthy Park, will take full ownership of the rights to the Jamaica Gold brand once the terms are agreed with Appleton Estate, a subsidiary of J. Wray...
Early signs of re-energised sales at Jetcon Corporation were erased with the emergence of the COVID-19 disease. The pre-owned car dealer has now descended into losses, but has a game plan to reverse the bleed that includes putting in fewer orders...
Investor jitters have kept the stock market depressed through the coronavirus crisis, but Barita Investments Limited is about to test whether investors are ready to get back into the game. One investment company previously pulled back its...
In a paint market where it has long reigned supreme, Berger is seeing a slippage of its hold on the market, and now it wants to claw it back. Typically, the August to December period is the peak season for paint. It is generally recognised as the...
Supreme Ventures Limited, SVL, has added a new business line which will see the company providing back-office support services to clients. Circumstances have forced the company to become more agile at a period when jobs and disposable income have...
In the first of a new class of listings, Jamaica’s largest credit union has introduces shares on the main market of the Jamaica Stock Exchange. Community...
F reed from its lossmaking sugar operation, Seprod Limited more than doubled its net earnings in the quarter ending June. The company also grew sales by double digits, while keeping spending in check – gains that flowed from the consolidation of...
The Fair Trading Commission, FTC, has given the nod to GraceKennedy’s acquisition of an 80 per cent stake in Key Insurance Company, which gives the conglomerate an additional share of the general insurance market in which it is already among the...
Finance and Planning Minister Dr Nigel Clarke has put the Planning Institute of Jamaica (PIOJ) in charge of a feasibility study on unemployment insurance, or UI. The idea has been tossed around for many years as a safety net for workers who are...
For two years, a company called Fuel Deals Express, FDE, has been carving out market share in the competitive petroleum sector through a service built around exclusivity and membership. Don’t arbitrarily drive up to the single island at FDE, cash...
