Sat | Dec 3, 2022

Business

Rudolph Brown/Chief Photo Editor 
Tyrone Wilson, CEO of iCreate Limited, speaks during an extraordinary general meeting held at Outpost Republic, 80 Lady Musgrave Road, Kingston, on Monday, November 28.

The financing deal struck by iCreate Limited to shore up the business will end up pushing the company beyond the regulatory limit for listed junior market companies, but it’s banking on a proposal now under consideration by the Ministry of Finance...
Ricardo Makyn/Chief Photo editor
MFS Capital Partners CEO Dino Hinds.

MFS Capital Partners, formerly known as SSL Venture Capital Jamaica Limited, SSLVC, is finalising the takeover of another business, a connected company known as Micro Financing Solutions Limited. The agreement to acquire 100 per cent of the...
Diane Edwards, president of Jampro.

A follow-up trade mission to Guyana is planned for January, the size of which is expected to surpass the 22 companies that visited in October as part of a government-led junket in search of business opportunities. This time, the focus will be on...

The former CEO of the failed cryptocurrency exchange FTX said on Wednesday that he did not “knowingly” misuse customers’ funds, and that he believes his millions of angry customers will eventually be made whole. The comments from Sam Bankman-Fried...

The failure of the cryptocurrency exchange FTX, the latest in a long history of American financial shenanigans, was a doozy. “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy...

The United States House of Representatives moved urgently to head off the looming nationwide rail strike on Wednesday, passing a bill that would bind companies and workers to a proposed settlement that was reached in September but rejected by some...

The central bank is not joining the emerging school of economic thought that has floated the adjustment lowering of inflation targets as a realistic response to the current prolonged period of higher inflation. The Jamaican monetary authority has...

Mayberry Investments Limited is seeking to raise $5 billion from a bond that will be issued in four equal tranches and tradable via the stock exchange. The tranches of $1.25 billion each span 13 months at an annual interest rate of 9.25 per cent,...

TransJamaican Highway Limited, TJH, will pay US$16.1 million for the acquisition of all the shares in Jamaican Infrastructure Operator, JIO, a French-owned company that manages and operates the East-West toll network on TJH’s behalf, under contract...

Microlender ISP Finance Services Limited has raised $470 million through the bond market, $200 million of which the company says it will set aside for the acquisition of a loan portfolio that’s been pending for more than a year. The portfolio...
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