The three pharmaceutical companies listed on the Jamaica Stock Exchange are enduring pain. Two posted losses in their latest quarter, and the third missed targets within the soft economy. This economic contraction is showing up both in the top-line...
Amber Group is two years behind on its plan to launch a flying service in Jamaica, using recreational aircraft, but it is very much alive, the company’s CEO, Dushyant Savadia, has said. Having previously furloughed staff amid delays in the approval...
Smarting from a possible quarter-billion dollars in losses on its farm operations, distribution and manufacturing conglomerate Seprod is in search of a economical solution for feeding the cows at its dairy farm, and nourish its bottom line. CEO...
A judge of the Supreme Court has ordered compensation for the late Lloyd Wilson’s estate after determining that some of his shares in Ideal Betting Company Limited were unlawfully transferred to principal owner Donovan Lewis. The lawsuit was...
Auto parts distributor and second-hand car trader Auto Don has inked a deal with National Credit Union that will see the company processing applications from customers for auto loans. Auto Don’s Special Projects Coordinator, Donnell Martin, says...
Petroleum marketing company, Future Energy Source Company Limited, is moving to carve more market share for its proprietary Jamaica-blended lubricating oils, Futroil. Petroleum marketing companies generally market their own brands, but with only 22...
Woodcats International Limited, a maker of wooden pallets for manufacturing and distribution companies, is looking to carve value from the scraps it once disposed of as waste. General Manager Peter Douglas says the company is utilising the...
Investment firm Dequity Capital Management has acquired a 25 per cent stake in Pinnacle Insurance Brokers Dequity Capital CEO Kadeen Mairs said the shareholding in Pinnacle was acquired for $45 million, which, given the insurance brokerage’s $350-...
Petroleum marketing company Future Energy Source Company, which trades as Fesco, is partnering with delivery service 7Krave, through the 7Kravemart app, to deliver Fesgas household cooking gas to customers. Fesco CEO Jeremy Barnes says the service...
While there has been a marginal increase in people placing bets, playing lottery games or betting in gaming lounges, the take is down, new data from the Betting, Gaming and Lotteries Commission, BGLC, shows. The regulator sees untapped promise in...
Sagicor Real Estate X Fund Chairman Howard Mitchell says a new deal for commercial property in Cayman Islands, acquired for US$10 million, is the opening play in a one-year programme that will reflect an adjustment of the company’s conservative...
Drug company Indies Pharma Jamaica Limited is looking to double next year’s revenues, following approval of its abbreviated new drug application, referred to as ANDA or, more simply, generic drug, by the Food and Drug Administration of the United...
After adding new cars to its offerings to entice increasingly reluctant used car buyers, auto trader Jetcon Corporation Limited is mulling the possibility of pulling out of the used car market altogether. Three decades after its founding, the...
Regency Petroleum Company Limited, RPL, is looking towards leasing and franchising arrangements to grow the business, now that it has four petrol stations fully operational and another, though delayed, expected to start pumping gas by late...
Salada Foods Jamaica Limited has gone digital while heading downmarket for fresh revenue. For the third quarter ended June, sales at the coffee processing company rose to $405 million, a 46 per cent increase from $277 million for the similar period...
After posting its first loss in company history, Paramount Trading Jamaica Limited has embarked on a programme of retrenchment even as it continues headhunting fresh talent. CEO Hugh Graham said the dual track, that is, job separations amid new...
The Sygnus Group has set a target of US$1 billion in alternative assets under management, or AAUM, in another two to three years, says co-founder and Chief Investment Officer Jason Morris. The group currently has AAUM of US$500 million, separate...
Food service company Mother’s Enterprise Limited is ramping up its expansion programme through new partnerships with gas station operators, and others. After opening the doors to a new brand, Mother’s Café, at the UWI Hospital and a Mother’s...
Lighting and manufacturing company FosRich is aiming for five times greater revenue in three years. By the end of 2027, the company should have reached $22 billion in annual revenue, said CEO Cecil Foster, an effort the company has dubbed ‘Pinnacle...
MANUFACTURING AND distribution company Seprod is doubling down on its export strategy as it targets 30 per cent of its production base for exports by December 2025. In its just-released fourth-quarter report, the company scored big in 2024, with a...
The calling of margin loans associated with the execution of a mergers and acquisition strategy is at the heart of legal action by listed investment house VM Investments against digital media company iCreate. The ‘calling’ of a loan happens when a...
As digital media company iCreate prepares to head to court, CEO Tyrone Wilson is charging that his company was badly damaged by being wrongfully put into receivership. Wilson said iCreate is contending that Sagicor Investments Jamaica Limited’s...
