Sygnus Credit Investments Limited, SCI, will be heading to the market again to raise capital, but this time it’s going after debt on the private market. The company, which recently raised fresh equity on the stock market through additional public...
PanJam Investment Limited is putting a dozen residential units on the market, the first set among 41 that will sit atop the ROK Hotel on the Kingston waterfront. However, PanJam Deputy CEO Paul Hanworth says the company will not reveal the cost of...
National Housing Trust (NHT) secured mortgage buyout deals with three financial companies that it partners with under the Joint Financing Mortgage Programme, JFMP, but is keeping the details of the transactions under wraps. The size of the buyout...
Dolphin Cove is starting a shift in customer traffic back towards more foreign visitors, but is still far from a full recovery of the most lucrative segment of its market. The company has been mostly reliant on locals for business since the COVID...
Private sector leaders are calling for greater enforcement of COVID-19 protocols, while lining up behind the additional restrictions announced at the weekend, in what is being described as a soft or partial lockdown of the economy. The next...
Starting mid-year, American company Marriott Hotel will open four all-inclusive resorts in Jamaica under the Autograph Collection brand, in a deal with Sunwing Travel Group that incorporates 1,127 rooms. Their partnership will see the Royalton...
The Holness administration has rejigged expenditure to help bolster its capacity to fight the coronavirus outbreak as Finance Minister Dr Nigel Clarke unveiled a $3.5-billion cut for the 2020-2021 fiscal year when he tabled the third...
They blame a spike in commodity prices and shipping costs. Hardware merchants and suppliers say they’re shelling out up to five times more on imports into Jamaica, and that the construction materials they trade in would inevitably become more...
Aloun Ndombet Assamba’s departure as CEO of Jamaica’s second-largest credit union, COK Sodality, was announced through a press advertisement, officially ending her second stint running the community bank on a reform agenda on December 31. But while...
January 2020 would have opened with some amount of optimism about the Jamaican economy. At that time, the economy would have completed 19 consecutive quarters of growth before registering a flat three months to December 2019, as the country’s...
Listed private credit outfit Sygnus Credit Investments Limited appears set to upsize to US$32 million, its US$22-million additional public offering of shares, or APO, which was extended by a week as the company sought to cast a wider net and hold...
It’s been a rocky ride for listed training institute iCreate. On top of carrying sizeable accumulated losses that have grown over the past two years, the company has seen a dramatic revenue slide from $24.5 million in its first quarter this year to...
KFC Jamaica opened a new outlet in Junction, St Elizabeth on Monday, a $200-million investment that brings the number of stores in the chain to 39, and ends a years-long wait by the community for the fast-food chain to set up shop there. The...
Jamaican Teas Limited is adding 12,000 square feet of factory space, a $150-million investment that will give the company over 50 per cent more room to make non-tea products for its expanding market. CEO John Mahfood says construction is planned...
FirstRock Capital Holdings liquidated some of its financial and real estate assets in the past quarter, which puts its arsenal at $1.2 billion of ‘dry powder’ ready to pump into new deals were any to arise. But for outfits out there looking for...
After nearly years spent buying up betting rivals, Supreme Ventures Limited, SVL, has turned to the debt market for capital to pay the bill. The $3 billion it just raised via a bond placement will be booked in the fourth quarter ending December,...
Shareholders have given the nod to three special resolutions aimed at shoring up the RJRGLEANER Group’s future prospects, according to CEO Gary Allen. “We know that it may be a challenging environment, but we are digitally driven. We’re going to...
Seprod Limited’s offloading of property in Kingston has netted $762 million, but even absent that gain, the company is on track towards a bumper year. Seprod sold the former Industrial Sales complex to the Epply Caribbean Property Value Fund, with...
Shareholders on Tuesday gave the nod to boutique private equity firm Sygnus Credit Investments Limited to approach the stock markets for fresh capital by way of an additional public offering of shares, or APO. Sygnus Capital Chief Investment...
Petroleum marketing company Yaadman is expanding into its own brand of service stations after a foray into liquid petroleum gas, LPG. CEO and co-founder of the company Miguel Smith Jr says he wants to set up five service stations across Jamaica....
The CEO and managing director of Paramount Trading Jamaica Limited, by all accounts, will be the first boss of a stock market company to take a seat in Parliament as an elected official. Hugh Graham, who narrowly defeated ex-cop Newton Amos for the...
Equipment rental and fleet management company Ameco Jamaica is now a part of the Stewart’s Automotive Group, which has rebranded it as JAMECO. The transaction was announced by the seller, American company Fluor, as a US$22 million deal in market...
First Rock Capital Holdings, a two-year-old investment company with a bias towards real estate, scored a profit of US$1.25 million at half-year, despite stumbles in the rental market. The company reported reduced June quarter flows from its Costa...
Despite end-of-year gains at the Caribbean’s largest wind energy company, Managing Director Earl Barrett is cautious about the future under the weight of the COVID-19 pandemic. The company is fairly certain of what its revenues will be, as it has...
