Published:Tuesday | July 4, 2017 | 12:00 AMAvia Collinder
First Union Financial Group Limited (FUFG) has built new headquarters and launched into a new line of business, the development of real estate, all under a half-billion-dollar plan to grow the operation at home and abroad.The new offices at Eastwood...
Published:Friday | July 7, 2017 | 12:00 AMAvia Collinder
Builder Phillip Smith, who purchased land currently housing the Redbones restaurant in New Kingston, says he has plans for a multistorey development at the location.His is one of several developments approved against the background of rezoning which...
Published:Monday | July 3, 2017 | 12:00 AMAvia Collinder
Southside Distributors Limited, which operates from Comma Pen in St Elizabeth, will increase factory output and also venture into farming by the end of 2018, says...
Published:Tuesday | July 4, 2017 | 12:00 AMAvia Collinder
JMMB Group is investing in upgrades to its branches to launch into commercial banking services while awaiting final sign-off on the licence from the regulator.The licence...
Published:Thursday | July 6, 2017 | 12:00 AMAvia Collinder
GK General Insurance Company Limited and GraceKennedy Money Services Limited launched a microinsurance product, RemitCare, targeted at Jamaicans receiving money transfers from...
Published:Tuesday | July 4, 2017 | 12:00 AMAvia Collinder
J.E.T.S Limited, operator of the Multilink electronic cash system owned by local banks, is knitting together an interface between the Multilink electronic cash system and mobile money and other e-payment products offered by its shareholders.J.E.T.S...
Published:Friday | June 23, 2017 | 12:00 AMAvia Collinder
An online review of colonial era properties indicate that several are now on the market targeted at investors who might see promise in opening them up to tourists, but takers are not always easy to find.Aside from the view and architecture, their...
Published:Thursday | June 29, 2017 | 12:00 AMAvia Collinder
138 Student Living Jamaica Limited, led by John Lee, will put another 400 rooms into service at the University of the West Indies near the end of summer.Lee said...
Published:Tuesday | June 27, 2017 | 12:00 AMAvia Collinder
Diverze Assets Inc, a holding company with ownership interest in Chukka Adventures, Tropical Battery and other Jamaican assets, has become the sixth investment for a regional fund under the control of Portland Private Equity (PPE).The Melville...
Published:Wednesday | June 21, 2017 | 12:00 AMAvia Collinder
With hotel analytics firm STR reporting that room revenues within the Caribbean are still down due to discounting, the hotel lobby in Jamaica expects travel deals to remain a feature of marketing programmes as new rooms are commissioned into service...
Published:Tuesday | June 27, 2017 | 12:00 AMAvia Collinder
Massy Gas Products Jamaica, which distributes under the GasPro brand, is upgrading its Montego Bay liquefied petroleum gas or LPG terminal with an eye on new business in the expanding tourism sector.The Massy Holdings subsidiary is going up against...
Published:Friday | June 23, 2017 | 12:00 AMAvia Collinder
Chairman of Sagicor Real Estate X Fund Limited, Richard Byles, said last Friday that the multimillion-dollar fees paid to Hilton hotel group for the use of its brand is a good deal.The real-estate investment company owns two hotels outright, for...
Published:Wednesday | June 21, 2017 | 12:00 AMAvia Collinder
The Betting, Gaming & Lotteries Commission (BGLC) is drafting regulations to legalise online gaming in Jamaica, but is mum on the entities that are lined up for licensing and unsure of the timeline for implementation...
Published:Wednesday | June 21, 2017 | 12:00 AMAvia Collinder
Microlending company Access Financial Services Limited has acquired the assets of another rival, Micro Credit Limited (MCL), whose brand it plans to keep as a market retention...
Published:Monday | June 19, 2017 | 12:00 AMAvia Collinder
Winchester Surgical & Medical Institute, owned by consultant surgeon Dr Neville Graham and other doctors, is reporting progress on plans to go public and list on the junior stock market...
Published:Tuesday | June 20, 2017 | 12:00 AMAvia Collinder
Newly passed legislation that will serve to lift the veil on beneficial owners of offshore registered companies needs to be put into immediate effect if Jamaica is to avoid sanction, according to Registrar of Companies Judith Ramlogan.Delay, she...
Published:Tuesday | June 20, 2017 | 12:00 AMAvia Collinder
Tax Administration Jamaica (TAJ) reported on Tuesday that local financial institutions required to report under the Foreign Account Tax Compliance Act (FATCA) are now 100 per cent compliant.FATCA is United States legislation designed to target US...
Published:Tuesday | June 13, 2017 | 12:00 AMAvia Collinder
Jamaica Broilers Group (JBG) is introducing a new bird to the market, called the Barred Rock, which the poultry producer says is likely to lead to a cut in the price of table eggs.The bird is targeted for what Jamaica Broilers describes as the '...
Published:Wednesday | June 7, 2017 | 12:00 AMAvia Collinder
Salada Foods Jamaica has decided to shelve the ginger project that would have supplied raw material to its spice-making subsidiary and source the tuber from small...
Published:Wednesday | June 14, 2017 | 12:00 AMAvia Collinder
JMMB Group is adding a new remittance partner with an eye on regional markets and inroads into territory controlled by large competitor GraceKennedy through its...
Published:Monday | June 12, 2017 | 12:00 AMAvia Collinder
West Indies Home Contractors will oversee a 37,000-square foot, three-storey office building project on behalf of Canadian firm Advantage Communications Inc to house a business process outsourcing or BPO centre, currently slated for Portmore.The...
Published:Monday | June 12, 2017 | 12:00 AMAvia Collinder
Patty maker Tastee Limited opened it 51st store to the east of the island in Port Antonio, Portland, last Friday, under agreement with a franchise partner.Chief Executive Officer Ryan Foster said the new store was "a multimillion-dollar investment...
Published:Tuesday | June 13, 2017 | 12:00 AMAvia Collinder
Proven Investments Limited (PIL), an offshore company owned by Jamaicans, will offer 68.9 million in new shares to existing shareholders for US$0.24 per unit, at month end. The offer to be brokered by subsidiary company Proven Wealth Limited would...
