Tue | May 11, 2021

Business Briefs

Published:Wednesday | April 21, 2021 | 12:07 AM

♦ Caribbean Cement Company Limited is reporting its highest monthly production “in recent history” of 100,000 metric tonnes in March.

♦ Stratus Alternative Investments has a new fund, called Tourism Response Impact Portfolio, which will finance businesses in the hospitality market, including the provision of funds for retooling and operations, as they seek to get over the hump of the pandemic. Stratus is managed by NCB Capital Markets Limited.

♦ Statistical Institute of Jamaica is reporting that the inflation rate for March was 1.1 per cent, while annual inflation was 5.2 per cent.

♦ Thierry Parizot, who served as managing director of TransJamaican Highway Limited when it was under French ownership, and for more than a year since the toll operating company was acquired by the Jamaican government, has demitted that position, effective April 16. The new managing director is Ivan Anderson, who also heads NROCC, the controlling company for TransJamaican.

business@gleanerjm.com