Less than five months after opening as the fourth cinema in the Palace Amusement chain, the early performance of Sunshine Palace has been clouded by security measures imposed to contain and deter crime. The 674-seat facility at the Sunshine Outlet...
Jetcon Corporation’s September quarter was its best year to date, but the company would have to pull off a spectacular finish if it is to match its full-year performance in 2018. That would take earnings of about $47 million in the December...
Energy finance company MPC Capital expects a series of projects it is backing to come on stream within two years in various regional markets, including Jamaica. The German company, which is keenly overseeing a US$23 million rights issue by its...
NCB Insurance Company, NCBIC, is laying claim to being the oldest continuing pension fund in Jamaica, but they fall second behind the top fund manager Sagicor Life in terms of market dominance. The private pension market is valued above $600...
In Jamaica’s capital city, home buyers who dream of yard space, their own boundary wall or fence, and all that comes with a stand-alone residence now have to worry about more than just the mortgage in single house property. Land space is...
A decade has elapsed since the Government last sold its sugar assets to private owners, including a foreign investor. The six factories were supposed to become profit-making machines after serious retooling. But the programme has largely failed,...
It will take two years to build out the new distribution hub that Cari-Med is investing US$46 million ($6 billion) to develop on the north western fringes of the Bernard Lodge lands in St Catherine. The hub will consolidate and relocate several...
Closing arguments in the Arc Systems case began in the Supreme Court on Thursday but won’t conclude until the end of October due to time constraints and scheduling conflicts. Justice David Batts is hearing an application from Exclusive Holidays of...
The timetable to return Fly Jamaica to the skies appears to be in doubt, its employees are still unpaid, and the airline’s founder, Ronald Paul Reece, says the deal for the takeover of the airline is yet to be finalised. Glenn Logan, who previously...
Gloria’s Seafood City, a choice eatery that has its genesis in the quiet fishing village of Port Royal, east Kingston, but which attracts customers from all over the island, has expanded the business to Ocho Rios, St Ann. The 1,300 square feet...
When Caribbean Producers Jamaica’s new technology platform collapsed at it’s commissioning, it not only disrupted customer orders, but created a spiral that derailed the company’s earnings and put at risk its undertakings to creditors who...
Seprod’s grain joint venture has opened up export markets in four regional countries in the near two years that it has been in operation. And while Seprod CEO Richard Pandohie was not specific on the details, he said the payback on the more than $...
Interim receiver Ken Tomlinson has reaffirmed in a second report to the court that properties owned by Arc Systems Limited were transferred over time to a company called Hilda Corporation and subsequently transferred two years ago to another...
Petrol dealer Annette Wong-Lee says growing up in a clan of nine boys and two girls not only prepared her to hold her own, but to stand out in the tough world of the auto industry. She has now delivered what is being described as Jamaica’s first ‘...
Ken Tomlinson, the interim receiver for Arc Systems Limited, acknowledged under questioning in court on Wednesday that none of the mortgages issued against properties identified in his report to the court had been guaranteed by Arc Systems....
Illegal growers of marijuana are being offered the opportunity to formalise their operations through the Alternative Development programme under construction by the MICAF, which is meant to create a supply chain for the medical marijuana and pharma...
Hearings into the claim for the winding up of Arc Systems Limited will continue on July 24, a date set Friday by Justice David Batts after denying the company’s bid to reverse the order that appointed the liquidator. Batts, however, granted...
Sales have slowed at Jetcon Corporation, leading to a build-up of inventories, but Chairman John Jackson says the company is doing better than some auto dealers amid a downturn in the market. The industry, he said, has seen an overall 32 per cent...
The hearings into the winding up of Arc Systems will move to open court at the next hearing on July 12, according to different parties in the case. The decision was made by Justice David Batts at a closed-door hearing on June 20 at the Supreme...
Arc Manufacturing has struck a deal with Chinese firm Biola to produce a range of forklifts to be sold under the ARC name. Executive Chairman Norman Horne says he spent about three months touring facilities and looking at different models before...
Light and power supplier Jamaica Public Service Company (JPS) is in line for a tax break as it follows through on plans to add storage capacity to the national grid. Last week, State Minister in the Ministry of Industry, Commerce, Agriculture and...
Norman Horne’s hardware distribution company Arc Systems Limited has been placed in receivership for unpaid debts related to construction steel, or rebars, bought from a transport company based in Montego Bay. The order, handed down in the...
First Heritage Co-operative Credit Union, FHC, doubled its surplus, set a new record and wiped out its deficit, all in a single blow. For CEO Roxann Linton, FHC’s performance in 2018 is affirmation of her bet that teamwork and relationships can...
Fresh from an industrial accident which saw flat profits, Salada Foods CEO Diana Blake-Bennett says her fears of further fallout have been realised from the imposition of a cess on green beans imported for its instant coffee business. For the six-...
Integrated cannabis firm Epican is now rolling out its second store at a prime location along the Jimmy Cliff Boulevard in Montego Bay otherwise called the Hip Strip. Then later this year, it will add three more retail shops in Negril, Falmouth,...
