Derrimon Trading Company has confirmed plans to offload assets, but says any sale would be confined to non-core holdings. “Yes, there are assets that we need to sell, but no, it does not involve the sale of any of our companies,” CEO Ian Kelly said...
The former Foote Prints on the Sands hotel is reopening with a new name and new design, and is going after a different clientèle. “It’s going to be more upscale; it’s going to be more boutique, more luxurious,” said Executive Chairman Dr Andre...
Following a further reduction in its policy rate, the Bank of Jamaica, BOJ, is again urging commercial banks to reduce their lending rates to their customers. The BOJ has lowered the cost of short-term borrowing for commercial banks by 25 basis...
Guardsman Group Limited has launched its new Cyber Secure Operations Centre, SOC, in Kingston, which Group Director of Finance Neil Robinson says was outfitted at a cost of just under US$2 million. “We invested that amount in getting all of the...
Armed with the approval of the central bank, entertainment company Supreme Ventures Limited has entered the bill payment market through its fintech arm, Supreme Ventures Fintech Limited. The service will be provided under its Evolve brand. The...
By about June 2026, Jamaica’s first formal truck stop and traveller’s halt should be open for business. It will be a dealer-owned and dealer-operated, or dodo facility, under the Regency Petroleum brand in proximity to Regency’s LPG filling plant...
IronRock Insurance Company has a new home and a new leader. It’s looking next to grow its talent pool. The general insurer has relocated its offices to Hope Road in Kingston, taking up office space that was formerly occupied by Stocks and...
By year end, Jamaica’s largest wellness chain, Express Fitness, will add a new gym and expand the facilities at the crowded Constant Spring Golf Club centre, which caters to platinum clients at premium prices. Parent company for the gym chain,...
Telecommunication services provider Flow Jamaica is reshaping its retail network and investing in network upgrades to protect its position in the market. It is estimated that more than a million homes in Jamaica are supplied with fixed line and...
In the nearly eighteen months since Dwaine Williams has been leading Jamaica’s largest paint manufacturer, Berger, as its top boss, the marketing and distribution specialist has been resetting the business and recolouring its bottom line. Coming...
First Rock Real Estate Investments Limited is in the process of recasting the business in a hunt for sustainable sources of income amid falling demand in the residential real estate market, particularly the high-income bracket, in which the company...
Berger Paints Jamaica Limited has invested $130 million in new infrastructure and machinery with the intention of growing share of the paint coatings market. With the commissioning of the new facility, Berger now has around 1.45 million litres of...
Spurred by the need for cash to back continuing expansion and wanting to change its debt profile, petroleum marketing company Future Energy Source Company Limited, which trades as Fesco, retired $700 million in bonds, three years ahead of schedule...
Marine park operator Dolphin Cove Limited says it is business as usual, even as the company that owns World of Dolphins (Barbados) is set to go through corporate restructuring and insolvency procedures. Dolphin Cove Jamaica features five dolphin...
A bright idea, a chance meeting at an NFL watch party, followed by year-long talks have culminated in a $115-million buyout of DRT Communications by One Great Studio Company Limited, a listed company which trades as 1GS. Deal arranger Ryan Strachan...
Manufacturing and distribution company Wisynco Group Limited’s bottom line has shrunk for a second quarter. This despite modest top-line growth. Chairman William Mahfood said the mixed reports coming out of the tourist industry point to a slowdown...
West Indies Petroleum Limited, WIP, has struck a deal with American oil and gas company Sunoco to distribute marine fuel in the Caribbean, using Jamaica as a base. It comes amid a reorganisation of the bunkering and petroleum distribution company,...
TotalEnergies Jamaica and Lasco Financial Services Limited have entered into an agreement that will see taxi operators and budget-conscious motorists earning discounts on petrol purchases at one of Jamaica’s largest gas station chains. The...
New portal, GK One Send, is a product of operations at GraceKennedy’s ‘digital factory’. Now, using the GK One app, customers can remit funds using their debit or credit cards. Their recipients will then be able to receive the transferred funds via...
With the ascension of Frank James at GraceKennedy Limited, the move has triggered other management changes, and the new Group CEO, who takes up office today, February 14, says more changes are coming. James vacated the position of CEO of GK Foods...
Energy and automotive products trader Tropical Battery Company Limited will begin selling its products through Amazon, having registered its trademarks in the United States. The trademark approvals, granted on November 19, 2024, encompasses product...
Sugar producer Worthy Park Estate Limited is projecting output of more than 250,000 tonnes of cane from its own fields and contracted farmers for the 2025 crop year, the fruit of its continuing investments in the new acreage and production. In just...
Advertising company Visual Vibe has struck a screen-sharing agreement with events company NGAP Limited, giving both joint-venture partners greater presence in the outdoor advertising space. Visual Vibe recently upgraded its screens at Half-Way Tree...
The newly promoted CEO of Derrimon Trading Company Limited, Ian Kelly, says he will be using 2021 as a base year for taking the company forward. The year 2021 was the time when revenues shot up 39 per cent to $17.74 billion and profit increased 44...
Pension funds and other institutional investors snapped up a long-term bond placed on the Jamaican market by the University of the West Indies, Mona, to raise $3 billion. UWI Mona Principal, Professor Densil Williams, said the private placement of...
