TotalEnergies Jamaica and Lasco Financial Services Limited have entered into an agreement that will see taxi operators and budget-conscious motorists earning discounts on petrol purchases at one of Jamaica’s largest gas station chains. The...
New portal, GK One Send, is a product of operations at GraceKennedy’s ‘digital factory’. Now, using the GK One app, customers can remit funds using their debit or credit cards. Their recipients will then be able to receive the transferred funds via...
With the ascension of Frank James at GraceKennedy Limited, the move has triggered other management changes, and the new Group CEO, who takes up office today, February 14, says more changes are coming. James vacated the position of CEO of GK Foods...
Energy and automotive products trader Tropical Battery Company Limited will begin selling its products through Amazon, having registered its trademarks in the United States. The trademark approvals, granted on November 19, 2024, encompasses product...
Sugar producer Worthy Park Estate Limited is projecting output of more than 250,000 tonnes of cane from its own fields and contracted farmers for the 2025 crop year, the fruit of its continuing investments in the new acreage and production. In just...
Advertising company Visual Vibe has struck a screen-sharing agreement with events company NGAP Limited, giving both joint-venture partners greater presence in the outdoor advertising space. Visual Vibe recently upgraded its screens at Half-Way Tree...
The newly promoted CEO of Derrimon Trading Company Limited, Ian Kelly, says he will be using 2021 as a base year for taking the company forward. The year 2021 was the time when revenues shot up 39 per cent to $17.74 billion and profit increased 44...
Pension funds and other institutional investors snapped up a long-term bond placed on the Jamaican market by the University of the West Indies, Mona, to raise $3 billion. UWI Mona Principal, Professor Densil Williams, said the private placement of...
The three pharmaceutical companies listed on the Jamaica Stock Exchange are enduring pain. Two posted losses in their latest quarter, and the third missed targets within the soft economy. This economic contraction is showing up both in the top-line...
Amber Group is two years behind on its plan to launch a flying service in Jamaica, using recreational aircraft, but it is very much alive, the company’s CEO, Dushyant Savadia, has said. Having previously furloughed staff amid delays in the approval...
Smarting from a possible quarter-billion dollars in losses on its farm operations, distribution and manufacturing conglomerate Seprod is in search of a economical solution for feeding the cows at its dairy farm, and nourish its bottom line. CEO...
A judge of the Supreme Court has ordered compensation for the late Lloyd Wilson’s estate after determining that some of his shares in Ideal Betting Company Limited were unlawfully transferred to principal owner Donovan Lewis. The lawsuit was...
Auto parts distributor and second-hand car trader Auto Don has inked a deal with National Credit Union that will see the company processing applications from customers for auto loans. Auto Don’s Special Projects Coordinator, Donnell Martin, says...
Petroleum marketing company, Future Energy Source Company Limited, is moving to carve more market share for its proprietary Jamaica-blended lubricating oils, Futroil. Petroleum marketing companies generally market their own brands, but with only 22...
Woodcats International Limited, a maker of wooden pallets for manufacturing and distribution companies, is looking to carve value from the scraps it once disposed of as waste. General Manager Peter Douglas says the company is utilising the...
Investment firm Dequity Capital Management has acquired a 25 per cent stake in Pinnacle Insurance Brokers Dequity Capital CEO Kadeen Mairs said the shareholding in Pinnacle was acquired for $45 million, which, given the insurance brokerage’s $350-...
Petroleum marketing company Future Energy Source Company, which trades as Fesco, is partnering with delivery service 7Krave, through the 7Kravemart app, to deliver Fesgas household cooking gas to customers. Fesco CEO Jeremy Barnes says the service...
While there has been a marginal increase in people placing bets, playing lottery games or betting in gaming lounges, the take is down, new data from the Betting, Gaming and Lotteries Commission, BGLC, shows. The regulator sees untapped promise in...
Sagicor Real Estate X Fund Chairman Howard Mitchell says a new deal for commercial property in Cayman Islands, acquired for US$10 million, is the opening play in a one-year programme that will reflect an adjustment of the company’s conservative...
Drug company Indies Pharma Jamaica Limited is looking to double next year’s revenues, following approval of its abbreviated new drug application, referred to as ANDA or, more simply, generic drug, by the Food and Drug Administration of the United...
After adding new cars to its offerings to entice increasingly reluctant used car buyers, auto trader Jetcon Corporation Limited is mulling the possibility of pulling out of the used car market altogether. Three decades after its founding, the...
Regency Petroleum Company Limited, RPL, is looking towards leasing and franchising arrangements to grow the business, now that it has four petrol stations fully operational and another, though delayed, expected to start pumping gas by late...
Salada Foods Jamaica Limited has gone digital while heading downmarket for fresh revenue. For the third quarter ended June, sales at the coffee processing company rose to $405 million, a 46 per cent increase from $277 million for the similar period...
