Sun | Aug 14, 2022

Business


The Wisynco complex in St Catherine.

Sean Scott is leaving his job as CEO of Canopy Insurance to take on a new role as deputy CEO of the Wisynco Group Limited, another step in the succession planning of the multigenerational beverage and consumer products business. Scott has headed...

VMIL CEO Rezworth Burchenson.

At the management level, more than half of the leadership at Victoria Mutual Investments Limited, VMIL, are women. But the numbers thin out at the board level, where only three of the eleven directorships are held by females. “We have been very...

The US National Highway Traffic Safety Administration’s Office of Defects Investigation, ODI, has opened a query into seat belt pretensioners on certain 2020-2022 Kia/Hyundai vehicles, saying that they may rupture or explode. A seat belt...

Dolla Financial Services Limited is launching a bid to acquire rival microlender Access Financial Services. Dolla Financial CEO Kadeen Mairs has written to Access' board of directors saying they are "interested in exploring a take-over to acquire...

Construction materials company Arc Manufacturing Limited is converting one of the warehouses at its plant on Bell Road in Kingston into factory space prepares to venture into the manufacturing of steel hollow sections and metal pipes. The two new...

The Sagicor Group’s real estate and hospitality investment vehicle Sagicor Real Estate X Fund Limited, is reporting improved financial performance for the six months to June, with net profit of $110 million, a turnaround from its more than $47-...

Gaming and entertainment company Supreme Ventures Limited, SVL, says it’s waiting to proceed to mediation with rival market entrant Goodwill Gaming over a trademark dispute involving its subsidiary Prime Sports Jamaica Limited. SVL has secured an...

Forward bookings are strong for the Hyatt, Hilton and Jewel resorts operated in Jamaica by Playa Resorts, which reported the doubling of local revenue to US$94 million over six months. “Future booking into Jamaica are stronger than our other...

T he two largest international airports in Kingston and Montego Bay generated about US$82 million in revenue – the equivalent of $12.5 billion in local curreny – over the six months ending June, which was double the flows in 2021, according to the...

A deadly fire that consumed at least half of a large oil storage facility in western Cuba and threatened to bring more power failures to the island’s already-fragile electricity system was largely controlled on Wednesday after nearly five days,...
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