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JMMB Group Limited Announces US$200 Million Investment in Alignvest Acquisition II Corporation (New Sagicor)

JMMB Group Limited (JMMB) has committed to investing a minimum of US$200 Million in Alignvest Acquisition ll Corporation (AQY), which is a publicly-traded Special Purpose Acquisition Corporation that is listed on the Toronto Stock Exchange. AQY is currently set to acquire 100% of the ordinary shares of Sagicor Financial Corporation (SFC). Upon the completion of […]

Sean Scott Heads Canopy Insurance, As GraceKennedy Musson Partner To Enter Group Insurance Market

Sean Scott Heads Canopy Insurance, As GraceKennedy Musson Partner To Enter Group Insurance Market

GraceKennedy and the Musson Group today officially announced a partnership that will see the two companies collaborating to enter the group health and life insurance market under the name Canopy Insurance Limited. Don Wehby is the Chairman of the new entity, while both GraceKennedy and Musson will split Board seats and ownership of the venture […]

JMMB Group Limited Announces US$200 Million Investment in Alignvest Acquisition II Corporation (New Sagicor)

JA$750 Million Disbursed To 35 Small And Medium Tourism Enterprises Under National Export-Import Bank’s Revolving Loan Scheme.

Approximately JA$750 million has, to date, been disbursed to 35 small and medium tourism enterprises (SMTEs), under the National Export-Import (EXIM) Bank’s revolving loan scheme. The businesses were selected from 51 completed applications totaling JA$941.1 million that the Bank received up to November 2018, Tourism Minister Edmund Bartlett has said. Mr. Bartlett indicated that the […]

JMMB Group Limited Announces US$200 Million Investment in Alignvest Acquisition II Corporation (New Sagicor)

Jamaica’s Macroeconomic Achievements, To Date, Have Been Extremely Impressive – World Bank

Newly appointed World Bank Vice President for Latin America and the Caribbean, Axel van Trostenburg, says Jamaica’s macroeconomic achievements, to date, have been extremely impressive. he said that he didn’t know any country that has achieved, over a sustained period of time, the fiscal adjustments and reforms as Jamaica has done, and produced a most […]

JMMB Group Limited Announces US$200 Million Investment in Alignvest Acquisition II Corporation (New Sagicor)

NCBFG Provides Update On NCB Global Holdings Limited Acquisition Of Controlling Interest In Guardian Holdings Limited

NCB Financial Group Limited (NCBFG) has provided the following update regarding the bid by its wholly owned subsidiary, NCB Global Holdings Limited (NCBGH), to acquire a controlling interest in Guardian Holdings Limited (GHL): 1) All the terms and conditions of the Offer have been complied with or waived as of the 2nd day of May, […]

JMMB Group Limited Announces US$200 Million Investment in Alignvest Acquisition II Corporation (New Sagicor)

Corporate Movements – May 2019

Lasco Distributors Limited (LASD) has advised that Mr. Peter Chin has resigned as Managing Director and Deputy Chairman form the Board of LASD effective April 30, 2019. LASD further advised that Mr. Dwaine Williams, the General Manager, in collaboration with the Executive Chairman, Mr. Lascelles Chin, will assume the responsibilities and functions of Mr. Peter […]

JMMB Group Limited Announces US$200 Million Investment in Alignvest Acquisition II Corporation (New Sagicor)

First Global Bank Wins Best Innovation In Retail Banking Award From International Banker

First Global Bank Limited (FGB), the commercial bank of the GraceKennedy Group, has won the prestigious ‘Best Innovation in Retail Banking Award’ from International Banker. International Banker is the authoritative voice on global banking analysis and identifies the best practice institutions that have done exceptional work in the past year to advance and strengthen the […]

From Vision To Reality: My Journey To Becoming An Entrepreneur

During The 2018 Financial Year SOS Acquired The SEEK Brand Of Notebooks And Launched Into Manufacturing

During the 2018 financial year, SOS acquired the SEEK brand of notebooks and launched into manufacturing, while at the same time simultaneously surpassing $1 billion in annual sales for the first time in the company’s history. The company assets grew 30 percent in the year to $853 million, mainly from the purchase of SEEK and […]

JMMB Group Limited Announces US$200 Million Investment in Alignvest Acquisition II Corporation (New Sagicor)

We Have Always Stressed That The Office Supplies Industry Mimics The Economy As A Whole

“We have always stressed that the office supplies industry mimics the economy as a whole. The stability and steady growth of the economy in 2018 translated into growth in the overall furniture and office supplies sector. More than ever, we exist in an economy characterized by low interest rates, low inflation, high business confidence, and […]

From Vision To Reality: My Journey To Becoming An Entrepreneur

April Shaping Up To Be Another Good Month For Visitor Arrivals in Jamaica As Out-Turn Expected To Boost Stopover Arrivals To 900,000 For The First Four Months Of The Year.

Minister of Tourism, Edmund Bartlett, says that April is shaping up to be another good month for visitor arrivals, noting that he was expecting this to be a huge month as April is trending at eight per cent over the same period last year and that the numbers for Easter and Carnival are yet to […]

JMMB Group Limited Announces US$200 Million Investment in Alignvest Acquisition II Corporation (New Sagicor)