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Corporate Movements February 2019

Caribbean Producers Jamaica Limited (CPJ) has advised that Mr. Frank O’Dowd was appointed a director of the Board in a resolution passed at the Board Meeting held on February 11, 2019., Cable Bahamas Limited (CAB) has advised of the following appointments: 1. Mr. Ross McDonald was appointed as Chairman effective January 25, 2019. 2. Mr. […]

Jamaican Beverage Industry Applying Self-Imposed Cess On Plastic Bottles To Be Paid To Recycle Partners Of Jamaica

Jamaican Beverage Industry Applying Self-Imposed Cess On Plastic Bottles To Be Paid To Recycle Partners Of Jamaica

The Jamaican Beverage industry, as of February 1 2019, has been applying a self-imposed cess of JA$1.00 per PET or plastic bottle to be paid to Recycle Partners of Jamaica (RPJL). Selling prices have been adjusted to offset this self-imposed cess. This according to a report contained in The Wisynco Group Limited unaudited financial results […]

Corporate Movements February 2019

Jamaican Government Looking To Expand Agro-Processing For Local Consumption And Export, AMC Complex On Spanish Town Road Targeted To Become Modern Facility For Processing Fresh Fruits And Vegetables.

Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, says the Government is looking to expand agro-processing for local consumption and export. He noted that four distinct markets are being targeted – CARICOM, the Jamaican Diaspora, hotels, and the school feeding programme. He said that the AMC complex on Spanish Town Road is being targeted […]

Corporate Movements February 2019

Lissant Mitchell Also Leaving Scotia Investments Jamaica

Scotia Group Jamaica Limited has advised of the resignation of Mr. Lissant Mitchell, CEO, Scotia Investments Jamaica Limited and Director of the Board. Mr. Mitchell who has over 20 years’ experience in the local financial industry, joined Scotia Investments in October 2007 as SVP Treasury & Capital Markets. He was later promoted to Chief Operating […]

Corporate Movements February 2019

Sagicor Group Jamaica Enters Micro-Finance Business

Sagicor Group Jamaica Limited (SJ) has advised that SJ has embarked on a new strategic alliance with Guardsman Group Limited, which will leverage Guardsman Group’s existing micro finance business, Travel Cash Jamaica Limited. “This alliance was achieved through the incorporation of a new company in which Sagicor Group Jamaica Limited acquired 51% shareholding and the […]

Corporate Movements February 2019

Small and Medium Tourism Enterprise (SMTE) Operators to Access JA$200M Loan Funding In 2019/2020

The Jamaican Government is to increase access to loan funding for Small and Medium Tourism Enterprise (SMTE) operators, to expand and improve their businesses. Making the disclosure, Tourism Minister, Hon. Edmund Bartlett, said SMTEs are to benefit from additional funds through the Jamaica National Small Business Loan Limited, as the Government will be providing $200 […]

Corporate Movements February 2019

International Tourism Trends Showing Shift From Traditional Sun, Sea And Sand Towards Interactive Experiential Tourism, One Of The Fastest Growing Sub-Sectors.

Tourism Minister, Hon. Edmund Bartlett, says product diversification by industry stakeholders is pivotal to further boosting Jamaica’s global competitiveness, and successfully tapping into new markets. He told JIS News in a recent interview that international travellers are becoming increasingly demanding and have higher expectations of the destinations they visit or plan to travel. “International tourism […]

Corporate Movements February 2019

Businessuite Women Editorial Director Making Global Business Connections – A Member of Thailand Delegation

Businessuite Women Editorial Director, Anita Davis-DeFoe, is a member of a delegation of some 14 business women headed to Bangkok Thailand in February 2019. Tonya McNeal-Weary, the visionary behind the Michigan Association for Female Entrepreneurs (MAFE), has organized and is leading a delegation of 14 amazing women entrepreneurs from the USA to Thailand to attend […]

Corporate Movements February 2019

The Jamaica Stock Exchange Launches The Social Enterprise Stock Market

The Jamaica Stock Exchange (JSE) has launched the Social Enterprise Stock Market, which is an additional market under the JSE and will join the main market, the junior market and the US dollar market which are trading stock daily. Five entities have so far been approved for trading on the exchange and these include, the […]

Corporate Movements February 2019