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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 […]

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

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 […]

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

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, […]

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

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. […]

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

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). […]

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

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 […]

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

Cuban Entrepreneurs Back In Private Business But With Tighter Controls And New Categories

Would-be entrepreneurs in Cuba’s budding private sector breathed a sigh of relief yesterday as a year-long freeze was lifted, as the government re-authorised private businesses, but with tighter controls than before. As a result of the new restrictions, the number of trade categories to be authorised will be reduced from 201 to 123, however some […]

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

STATIN Reporting Jamaican Economy Grew By 1.4% In Q1 Of 2018

The Statistical Institute of Jamaica is reporting that the Jamaican economy grew by 1.4 percent in the first quarter of 2018 when compared to the similar quarter of 2017. This the report said was the result of improved performance in both the Goods Producing and the Services Industries, which grew by 2.8 and 0.9 percent […]

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

Richard Byles Appointed To Board And Chairman Of 138 Student Living Jamaica Limited

138 Student Living Jamaica Limited (138SL) has advised that Mr. John Lee has resigned from the position of Chairman of the Board of 138 Student Living and its subsidiary effective July 6, 2018, and Mr. Richard Byles has been simultaneously appointed to the Board and will take-up the position of Chairman of the Company, effective […]

Corporate Movements

Tourism Is Now Jamaica’s Best Bet In Quest To Attain Economic Prosperity.

With tourism having contributed approximately JA$62.2 billion in revenue to the Government coffers in 2017, accounting for 12.1 per cent of total recurrent revenue, stakeholders say the industry is now indisputably Jamaica’s best bet in the quest to attain economic prosperity. Portfolio Minister, Edmund Bartlett, who heads the many persons articulating this view, points to […]

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