Sat | Jul 11, 2020

Business

A vehicle being fuelled at the Fuel Deals Express depot in Kingston, on Thursday, July 9.

For two years, a company called Fuel Deals Express, FDE, has been carving out market share in the competitive petroleum sector through a service built around exclusivity and membership. Don’t arbitrarily drive up to the single island at FDE, cash...
The UBTR franchise restaurant in Montego Bay.

KLE Group, the restaurant operator led by Gary Matalon and backed by Director Joe Bogdanovich, spent the equivalent of about $100 million to reacquire its franchise restaurant in Montego Bay, according to documents released this week. The deal was...

A plan put forward by CEO Zachary Harding for SSL Growth Equity Limited, which trades as SSL Group, to create a private equity subsidiary is now off the table. Instead, SSL Group has announced the formation of a legally separate entity, Delta...

The Jamaica Stock Exchange’s performance year to date ranks among the worst 10 in the world, reversing its stellar showing a year earlier. The Nasdaq in the United States now tops the world as the best-performing market, which local analysts say is...

Regional insurance conglomerate Sagicor Financial Company, the ultimate parent for Sagicor Group Jamaica, has acquired nearly US$5 million worth of shares in Playa Hotels...

For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of Texas, undisturbed by the high-stakes legal fight playing out in a federal courtroom as a result of American sanctions on Venezuela. The commercial...

The European Union’s, EU, executive arm forecasts that the bloc’s economy will contract more than previously expected because of the coronavirus pandemic, which has caused lockdowns on business and public life that are only slowly being eased. The...

When it comes to rugged vehicles that go off the road, over rocks and into the mud to experience nature, Jeep for years has cornered the United States market. Now Ford is reviving the Bronco brand name in an effort to take a slice. Later this month...

A spike in demand for factory space by micro, small and medium entities, MSMEs, over the past three years has fast-tracked plans by the Factories Corporation Jamaica, FCJ, to expand the Garmex Free Zone and Commercial Complex in Kingston for...
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