Barita cleared another hurdle on Monday when it when it got shareholder approval for a new scheme of arrangement that will see its reorganisation and formation into a financial holding company to be known as Barita Financial Group Limited, a new...
Gambling regulator, the Betting Gaming and Lotteries Commission, BGLC, is introducing changes that will guide advertising in the betting and gaming industry. The regulator also wants to restrict sponsorship where 50 per cent or more of the target...
Beverage maker and consumer goods distributor Wisynco Group Limited is already reaping gains from its big investment in expanding its operations. Wisynco has now commissioned two major components of its expansion programme which was originally...
FosRich USA is now up and running from its base in Tennessee. The associate of FosRich Company Limited has entered the United States in the niche space as a BME, or black and minority ethnic business, targeting Tennessee, New York, Texas, Kentucky...
The Financial Gleaner understands that the wording of a set of loans totalling $1 billion and issued through the Jamaica Mortgage Bank, JMB, was at the centre of the separation of former Managing Director Anthony Shaw from the Development Bank of...
Seprod Limited is rebuilding the warehouse that was destroyed by fire at the Facey Commodity complex located within Kingston’s industrial belt, although it doesn’t own the facility. Signs of the construction emerged two months ago, but Seprod CEO...
The story of one of Jamaica’s top chocolate makers began, not with cocoa, which is chocolate’s main ingredient, but rather with coffee – an investigation into fair trade in coffee, to be exact. In 2006, Hellen Akiror, originally from Uganda, was on...
Electrical lighting company FosRich has signed a four-year renewable contract with Jamaica Public Service Company, JPS, to repair over a thousand transformers yearly of the 40,000 deployed throughout the power utility’s network. Under the agreement...
Sygnus Credit Investments Limited is aiming to raise US$35 million from the market by March next year, to take advantage of a series of deals lined up for financing, says CEO Berisford Grey. Sygnus is in the business of providing credit to other...
GraceKennedy Pension Scheme is to do its first real estate development at 76 Molynes Road, Kingston, under a deal with electrical lighting company FosRich, which will lease the facility for use as a distribution centre. The pension fund plans to...
SCJ Holdings Limited, the state company that controls the Bernard Lodge Estate in St Catherine, has compensated nine farmers who are to be relocated and is promising to accelerate payment to others. That update from SCJ Holdings Chairman Joseph...
