Published:Friday | May 29, 2015 | 4:35 PMTameka Gordon
Frozen yogurt treat shop Tutti Frutti Jamaica is expanding to the Manor Park area and will set up two locations at the Manor Centre shopping complex in July under a $50 million investment.The company is also set to open a another location at...
By cross-listing its stock on the Jamaica Stock Exchange, Proven will be more accessible to institutional investors whose foreign currency holdings are restricted by law, says a top executive of the firm. Proven Investment Limited’s 551.6...
Saying it’s wary of the company’s ability to pay if allowed to rack up arrears on bauxite production taxes, Jamaica has sought a court injunction to stop Noranda from exporting the ore until their dispute over the levy rate is resolved...
The president of the CLICO Policyholder's Group, Peter Permell, has raised objections to plans to pay TT$48.5 million to 10 former directors and their companies.Permell, responding to media reports that CLICO had allocated the funds for the payout,...
Hospitality company VIP Attractions is adding another 2,000 square feet of lounge space at Sangster International Aiport in Montego Bay in anticipation of an influx of new business.Jamaica's largest airport is expecting an additional 20,000...
Published:Wednesday | May 27, 2015 | 3:25 PMTameka Gordon
Shareholders of Pulse Investments Limited have given the model agency's board permission to offload the company's real estate holdings, although CEO and chairman Kingsley Cooper says there are no immediate plans to sell.Pulse Investments has a stake...
Published:Thursday | May 28, 2015 | 3:06 PMTameka Gordon
Jamaica will soon have its first bowling alley called JAMZONE, whose signage is already mounted at its Manor Centre location in Kingston.The 12-lane bowling alley is being developed by Alley-Cats Entertainment Limited, a fledgling company backed by...
Dolphin Cove has added a new marine attraction in Ocho Rios, located offshore the Moon Palace resort and exclusive to guests of that resort once it reopens for business.Chairman and CEO of Dolphin Cove Limited, Stafford Burrowes, says the $26...
35-year-old asks:QUESTION: I am a 35-year-old single mother who only recently completed my degree. However, I've not been able to land a job that can provide quality experience in helping me become more marketable. My current job doesn't offer scope...
QUESTION: I have been reading up on investing, seeing that it is something I would like to try. Could you explain to me what an income portfolio is?- KrishFINANCIAL ADVISOR: A portfolio is a group of financial assets. It includes cash, near cash,...
QUESTION: I am a 28-year-old man. My driver's licence was first issued on May 22, 2013. I am considering buying a pre-owned vehicle. What are some of the things that an insurer would want to know in order to decide whether or not to insure me? There...
QUESTION: I'm a big fan of yours. Anyway, I just wanted your expert advice in starting a salon on my veranda versus renting a booth? My clientele is limited, but Miss Page I'm certified and unemployed and want something to do! Please help me.-...
Earlier this year, Owen Arthur, the former prime minister of Barbados, described the malaise that now affects much of the Anglophone Caribbean.Delivering the 15th Archibald Nedd Memorial Lecture in Grenada, Mr Arthur observed that the typical...
The Obama administration's latest plan on ethanol, the corn-based renewable fuel, probably will not have a major effect on pump prices, but could have political reverberations in Iowa and other farm states in the 2016 presidential campaign.Under the...
Apple must cooperate with a court-appointed monitor after a judge found the technology giant colluded with book publishers in 2010 to raise electronic book prices, a federal appeals court said Thursday.The 2nd US Circuit Court of Appeals in...
Jamaica ranked just one level from the bottom of 141 countries on the 2015 Travel and Tourism Competitiveness Index on the costs of crime and violence to business.Venezuela, which the United Nations Office on Drugs...
Proven Investments Limited, the pioneer stock on the Jamaica Stock Exchange’s US Dollar Market, has chalked up another first. On Thursday, Proven cross-listed its full block of ordinary shares, 551,595,777 units, on the JSE’s Jamaican...
The resurgence of local action on the Jamaica Stock Exchange is a side effect of the movement away from repos and towards collective investment schemes (CIS), a class of products that includes mutual funds and unit trusts.In its reading of market...
Jamaican tech start-ups got a chance to make the perfect pitch last Thursday.Ten entities involved in the Start-up Jamaica Programme made five-minute pitches and fielded questions about their business as they sought to convince California venture...
Any pronouncement by commercial banks that a reduction in the Bank of Jamaica's (BOJ) policy rate would not necessarily lead to a lowering of lending rates should not be allowed to stand, says central bank governor Brian Wynter.On April 17, the BOJ...
Free of income tax liabilities for the past five years, manufacturing company Jamaican Teas Limited, has used the period to expand and diversify into grocery retail and real estate.The company recently chalked up another achievement in exports,...
Ian Neita, assistant deputy chairman of ATL Group, confirmed on Wednesday that May 31 would be his last day at the appliance and automotive company where he started out as head of business development in March 2012.The Financial Gleaner understands...
Last week, the anger of scores of Jamaicans spilled into the compound of the passport office and into the adjoining streets.A $2,000 increase in the cost of a regular passport precipitated an angry stirring of a people who have been quiet and...
GraceKennedy group plans to expand its First Global Bank branch network across its Western Union locations in Jamaica, using the agency banking model.The strategy could grow the commercial bank's locations by 50 within three years, once the Bank of...
Jamaica's ICD Group is partnering with Puerto Rican company Social Media Group LLC as an investor in Gustozas.com, which will sell deals from an online platform to Jamaican consumers first and then others in the English-speaking Caribbean.Translated...
