Sun | Aug 2, 2015

Business

GraceKennedy (GK) has secured the media rights to all Inter Secondary Schools' Sporting Association (ISSA) events for the next 15 years.While the group of companies has been a long-time supporter of sports at the secondary level - it spends around...

Cayman banks are shedding their money transfer clients, but Jamaica National Building Society (JNBS) says it is in dialogue with Cayman National Bank (CNB) so it can continue offering remittance services in that country through its JN Money Service...

Jamaican National plans to pump up capital in its Cayman subsidiary, the National Building Society of Cayman, and will be rebranding the business to link the marquee with its Jamaican parent.The name will change to JN Cayman."We are going to...

The Victoria Mutual Building Society (VMBS) closed out its last financial year with balance sheet assets of $97.3 billion, reflecting growth of 13 per cent, and was supported by adequate levels of capital, said president and CEO Richard Powell....

Jamaica National Building Society (JNBS) expects to complete its transition to a commercial bank by the first quarter of 2016, with equipment and property already acquired for the transformation, says General Manager Earl Jarrett.The building...

Paramount Trading Limited is close to finalising a deal with Pittsburgh-based Allegheny Petroleum to establish a lubricant blending facility in Kingston.The joint-venture arrangement represents the next step in a relationship between the two...

AMG Packaging and Paper Company is to expand its slate of products to toilet paper and paper towels under a $150-million investment that marks its entry in the consumer market.The company has leased a 15,000-square-foot site at Orange Street,...

The Financial Services Commission (FSC) has delayed its new zero-tolerance policy to breaches of insurance, pension and securities law, which was originally meant to take effect on August 1, to the relief of its licensees.In a letter dated July 23,...

ICD Group Holdings has bought a minority stake in Social Commerce Inc, a Puerto Rican holding company for regional dealmaking website Gustazos and other Internet-based services.But neither ICD Chairman Joseph M. Matalon nor CEO Peter Melhado were...

LASCO's new beverage line helped bump first-quarter sales for its distribution arm - LASD - by close to $1 billion, or 38 per cent higher than year-earlier levels."The aggressive efforts to drive demand for our newly launched iCool brand of...
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