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Wisynco Group To Take a JA$1B Hit in Revenue and JA$74M in Net Income From Proposed Ban On Styrofoam

Wisynco Group Limited (WISYNCO) is reporting that it will cost the company around JA$1B in revenue, representing 4% of the company’s revenue and approximately JA$74M in net income, representing 3% of the company’s net income, arising from the proposed ban on Styrofoam for local manufacturers, set to take effect on January 1, 2020. This based […]

Wisynco Group Adds Rum and Sugar in 5 year exclusive distribution agreement with Worthy Park Estate

The Wisynco Group Limited (WISYNCO) has negotiated a five (5) year exclusive distribution agreement with Worthy Park Estate (WPEL) for the distribution of WPEL’s spirits and sugar, WISYNCO advised. The announcement, which was published on the website of the Jamaica stock exchange, did not state if the agreement was only for the Jamaican market or […]

Seprod Group To Create More Sustainable Business To Compete Across Caricom and Other Markets.

Chairman of the Seprod Group, Paul B. Scott, has announced plans to create a more sustainable business in St Thomas that will allow the company to compete across Caricom and into other markets. Scott told shareholders at the company’s recent annual general meeting that Seprod will be building a ‘world-class’ dairy operation which will see […]

Scotiabank Trinidad and Tobago Reporting Strong 9 Month Income After Taxation Despite Increased Corporation Tax Of 35%.

Managing Director for Scotiabank Trinidad and Tobago Limited, Stephen Bagnarol, is reporting strong income after taxation for the nine months ended 31 July 2018; despite increased corporation tax rates levied on commercial banks at 35%. Year to date income after taxation was TT$491 million, a decrease of $16 million or 3% when compared to the […]

JMMB Group Launches JMMB Express Finance (T&T) Limited.

CEO of JMMB Express Finance, Elson James (centre) is assisted by JMMB Group Chairman, Archibald Campbell (left) and JMMB human resource consultant, Diana Burgess to cut the ribbon, during the launch of JMMB Express Finance. The event took place recently (September 12) at the new facility housing JMMB Express Finance at 86 Ramsaran Street, Chaguanas […]

Jamaica Capitalizing On Its Potential and Benefits from Gastronomy Tourism

Minister of Tourism, Edmund Bartlett, says that the Ministry is taking strategic steps to ensure that Jamaica capitalises on its potential and benefits in a more significant way from gastronomy tourism. He noted that with a mouth-watering cuisine that is second to none, Jamaica stands to benefit significantly from an industry that the World Food […]

Coca-Cola The Next Industry Giant To Jump Into The Cannabis Drinks Business.

The world’s largest beverage company may be the next industry giant to jump into the cannabis drinks business. Coca-Cola Co. says it’s monitoring the nascent industry and is interested in drinks infused with CBD — the non-psychoactive ingredient in marijuana that treats pain but doesn’t get you high. The Atlanta-based soft drinks maker is in […]

Corporate Movements

Mayberry Investments Limited (MIL) has advised of the following management changes: Mrs. Marcia Messado – Appointed as the Manager of Financial Planning & Analysis on July 2, 2018 Ms. Aneka Lee – Promoted to Chief Accountant on August 1, 2018 Mr. McKoy Jackson – Promoted to Senior Manager, Investment Banking on August 1, 2018 Supreme […]

Supreme Ventures Group Reporting Record 2017 Revenues Of JA$56B, A 25% Increase Over 2016.

President & CEO of the Supreme Ventures Group, Ann-Dawn Young Sang, in her report contained in the company’s just released 2017 Annual Report, is reporting that the Group achieved record revenues of approximately JA$56 billion, representing a 25% increase over 2016. This, combined with an effective cost management programme, resulted in a 44% increase in […]

Main Event Entertainment Group Reporting Active And Positive 9 Months With Revenues Up 13% to JA$1B

The Directors of Main Event Entertainment Group are reporting an active and positive nine months ending July 31st 2018, recording revenues of JA$1 Billion, an increase of 13 percent or JA$124 Million, when compared to the JA$942 Million for 2017. Gross Profits increased by 14 percent or JA$64 Million year over year, and despite a […]