Fri | Jun 18, 2021

Business

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Christopher Zacca, president and CEO of Sagicor Group Jamaica Limited.

Sagicor Group Jamaica Limited, SGJ, is putting up US$100 million ($15 billion) for a large stake in the LNG power plant that fuels the Jamalco refinery at Halse Hall in Clarendon and is owned by natural gas infrastructure developer and operator New...
Lackie Horne, director and shareholder of Arc Systems Limited, provided the affidavit requesting a stay of the receivership over the company.

Construction materials company Arc Systems Limited, which was placed in receivership in May, has filed an appeal against the decision and also asked the Court of Appeal to issue a stay on its execution, pending the determination of the case. The...

A panel of digital experts brought together by the PSOJ Economic Policy Committee is pushing for a reduction in the general consumption tax, GCT, for transactions done electronically, saying it would provide an incentive for consumer migration to...

The pandemic has led to plummeting sales for drink products aimed at bargain consumers, and may very well have been the last straw that drove Spike Industries into closing down the bag-drink manufacturing division of its beverage business. The...

Former Prime Minister Bruce Golding is of the view that despite the existence of the Council for Trade and Economic Development, COTED, the Caricom bloc, as currently structured, lacks an appropriate administrative mechanism to resolve the...

Ice cream maker Caribbean Cream Limited, which trades as Kremi, came close to doubling its yearly earnings, which topped $100 million while traversing a pandemic-hit economy unscathed. The company, even with a big capital expenditure on growth...

Main Event Entertainment Group Limited returned to losses in the April quarter, amid continued restrictions on the entertainment sector. But the company is still trying to strike a positive tone, saying it had high hopes for future business. The...

The J.C. Newman Cigar Company claims to have the nation’s last bale of Cuban tobacco. Purchased just prior to the United States government cutting off all business relations with the socialist nation in 1962, the Newman family now stores it in...

The deal the United States and the European Union reached Tuesday to end their long-running dispute over subsidies to plane makers Boeing and Airbus will mean the phase-out of billions in punitive tariffs. It will ease transatlantic tensions. And...

Britain and Australia announced the broad outlines of a free trade deal Tuesday, eliminating tariffs on a wide range of goods as the United Kingdom seeks to expand links around the world following its exit from the European Union. The pact is...
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