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Finsac Struggling To Find Investors For Its 72% Stake In Ciboney Group Limited

Finsac Limited, which has a 72 per cent stake in the inactive but still publicly traded company Ciboney Group Limited, has failed once again to secure a buyer for its stake in the company. Ciboney Group Limited in a statement published on the website of the Jamaica Stock Exchange yesterday has advised that Finsac’s attempt […]

Toilet Paper Wipes Out AMG Packaging and Paper Profits

AMG Packaging and Paper Company Limited is pointing to the closing down of their toilet paper factory and the increased cost of paper for the losses reported for the nine months ending May 31st 2018. George Hugh, Managing Director of AMG Packaging reported that the company made a much smaller profit after tax of JA$13 […]

Since Its Establishment JSEZA Has On The Ground US$500M In Investments And 5,000 Jobs.

Photo: JIS Photographer Jamaica Special Economic Zone Authority (JSEZA) Chairman. Metry Seaga (centre), along with Chief Executive Officer, Dr. Eric Deans (left); and Chairman of the Chinese entity, Jiuquan Iron and Steel Company (JISCO), Chen Chunming, peruse information on the JSEZA, during Wednesday’s (June 20) press briefing to announce plans for the development of the […]

Gracekennedy Heads Into A Multi-Year Transformational Journey

As GraceKennedy Limited heads into its 100th birthday in 2022, it has announced a round of restructuring activities starting July 2018. This restructuring is one of the strategic steps that the business will be taking, as it embarks on a multi-year transformational journey, aimed at optimizing the Group’s structure for improved performance and shareholder value, […]

Starbucks Wants More Jamaican Blue Mountain and High Mountain Coffee

Jamaica’s Industry, Commerce, Agriculture and Fisheries Minister, Audley Shaw, says he will be taking steps to stop the illegal import of sugar, coffee and other commodities. Minister Shaw indicated that right now, there was a stockpile of 32,000 tonnes of locally manufactured sugar that cannot be sold because of the illegal importation of white sugar. […]

LASCO Financial Services Reporting Strong Growth Driven By Newly Acquired LASCO Microfinance Limited

Jacinth Hall-Tracey Managing Director for LASCO Financial Services Limited is reporting year over year growth of 74%, driven by growth in transactions. Commenting in the company’s just released first quarter unaudited financial results for the period ending June 2018, she reported that transactions generated JA$235.2M more revenues than the corresponding period in 2017 to close […]

JAMPRO Forecasting Expansion In Business And Investment Opportunities As Potential Investors Show Interest And Scouting Of Key Sectors.

The Jamaica Promotions Corporation (JAMPRO) is forecasting expansion in business and investment opportunities for the country as a result of increased interest and scouting of key sectors by potential investors. These include agri-business, business process outsourcing (BPO), energy, logistics, manufacturing and tourism, which were the focus areas at the recently held Jamaica Investment Forum (JIF). […]

Cristiano Ronaldo Taking A Pay Cut With Move To Juventus.

Cristiano Ronaldo is leaving Real Madrid, after nine years, for the global soccer giant Italian Serie A club Juventus. And he’s reportedly taking a pay cut. Ronaldo has accepted a deal worth at least $340 million over four years, according to Forbes sources. The tally includes a $140 million or €120 million, transfer fee owed […]

Trinidad And Tobago Slowly Recovering From Prolonged Recession Driven By Energy Supply Shocks And Low Energy Prices – IMF

The economy of Trinidad and Tobago is slowly recovering from a prolonged recession driven by energy supply shocks and low energy prices, according to a recent report from The International Monetary Fund (IMF). In a recent report the IMF indicated that with signs of improvement driven by energy sector growth from the second half of […]

Oil Falls Below US$74 A Barrel Amid Raised Stakes In Trade War

The price of oil fell below US$74 a barrel this week, after U.S. President Donald Trump raised the stakes in the trade war against China with the biggest list yet of goods it may hit with higher tariffs. Futures in New York fell as much as 1.3 percent after the Trump administration unveiled a list […]