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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

CAC 2000 Recovers From Q1 Shortfalls, Momentum Picked Up In Q2 To Continue As Sales Funnel And Jobs Portfolio Grow.

Chairman and CEO of CAC 2000 Limited, Steven Marston is reporting that the company was able to recover from their first quarter shortfalls and that the momentum picked up in the second quarter will continue, as their sales funnel and jobs portfolio continues to grow. CAC 2000 is reporting for the six months ended April […]

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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

Caribbean Cream’s 2018 Profits Dive As It Holds Prices To Gain Market Share

Caribbean Cream Limited, which is celebrating its fifth year on the Junior Market of the Jamaica Stock Exchange, is reporting reduced earnings per stock unit of 24 cents down from the 47 cents reported in 2017. This as the company’s revenue reached an all-time high of J$1.37 billion up from the $1.2 billion recorded in […]

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Difficult Economic Environment In Trinidad And Tobago Continues To Weigh On Consumer Demand And Pricing Discretion – Mouttet

Christian Mouttet Chairman of Trinidad and Tobago based Prestige Holdings Limited, is reporting that for the first half of 2018 Group revenue increased by 3% to TT$521 million, as profit after tax decreased by 16% to TT$13.4 million, from TT$15.8 million in the previous year. These results, reported in their Consolidated Unaudited Results for the […]

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Jamaican Government Looking To Re-Energise Engagement With Private Sector To Benefit Jamaica’s Trade Results.

The Jamaican Government is increasing its engagement with the Private Sector Organisation of Jamaica (PSOJ) and the Jamaica Manufacturers and Exporters’ Association (JMEA) on trade issues. The move is in keeping with measures geared at bolstering Jamaica’s trade objectives, this as the Government is looking to a new and re-energised engagement with the private sector […]

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

China Now The Biggest Source Of Foreign Direct Investments For Jamaica.

Bilateral trade between Jamaica and the People’s Republic of China increased from US$58 million in 2000, to US$382 million in 2017. This, according to Commercial Counsellor, Economic and Commercial Counsellor’s Office, Embassy of the People’s Republic of China in Jamaica, Jianghong Fan. He notes that Jamaica remains his country’s largest trading partner in the English-speaking […]

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

Stanley Motta’s Set To Be First Listed Company In Jamaica’s History With Female-Dominated Board

Stanley Motta Ltd, a company effectively owned and controlled by the Musson Group and Harbour Street Properties Ltd, is seeking to raise just over $4 billion Jamaican dollars via an initial public offering of some 758 million ordinary shares. Encouraged by the uptick in Business Process Outsourcing demand for space, Stanley Motta is opening their […]

Toilet Paper Wipes Out AMG Packaging and Paper Profits