Pharmaceutical distributor Indies Pharma Jamaica Limited is expected to tackle the development of its prime real estate holding at Ironshore in Montego Bay, having raised funds to refinance existing debt and for investment. The company issued a new...
GraceKennedy Limited has announced leadership changes in its insurance segment, the latest shuffle in the conglomerate’s strategic evolution, according to Steven Whittingham, CEO of GraceKennedy Financial Group Limited. Insurance accounts for...
Island Grill now has 18 stores in its portfolio, but plans to ramp up those numbers to at least 25 within four years, a project in which it will invest about US$10 million to US$14 million. The company has a solid footing in the fast-food chicken...
Jamaica’s gambling regulator, the Betting Gaming and Lotteries Commission, BGLC, is warning the public on the illegality of placing bets with bookmakers that are not licensed to operate in Jamaica, and the attendant risks with such wagers. The...
Cost-cutting and product innovation, backed by heavy marketing and advertising at gaming and lottery company Supreme Ventures Limited, SVL, have combined to deliver nearly two-thirds higher profit in the June second quarter. Executive Chairman Gary...
Supreme Ventures Limited, SVL, intends to transform Caymanas Park into a diverse complex that’s centred around horse racing but offers other amenities off which it can make money. Its plan includes the development of a three-star hotel on the 196-...
Husband-and-wife team Mickoy Holness and Nickeisha Horne Holness have entered the truck dealership market as representatives of a Chinese brand. Holness, who has two decades of experience in trucking, said he was approached by Chinese interests to...
Supreme Ventures Group is putting US$100 million, or $16 billion in local currency, towards upgrades for Caymanas Park, the home of horse racing in Jamaica. But SVL Group Executive Chairman Gary Peart said the commitment comes with a caveat – that...
Since taking over as CEO of GraceKennedy Group in February, Frank James, who was promoted from within, is keeping his eye on the company’s prize: hitting US$2 billion in revenue by year 2030, which translates to about $320 billion at current...
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...
