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Business Operations Of Mountain Peak Foods Processors Transferred To Salada

Salada Foods Jamaica Limited (SALF) has advised that after careful consideration the Board of SALF have decided with effect as at October 1, 2021 that the business operations of Mountain Peak Foods Processors Limited (MPFP), a wholly owned subsidiary of SALF, as a going concern, including all of MPFP’s assets and liabilities, will be transferred […]

Scotia Group Jamaica Reports Fiscal 2021 Results

As we pursue our Customer First Strategy, our objective remains to offer our customers efficient means to conduct their day-to-day transactions while delivering an elevated service experience, tailored advice and solutions.

Peter Moses Retiring From The GraceKennedy Limited (GK) Board Of Directors

Mr. Moses will continue to serve in his capacity as Chairman of the Board of GraceKennedy’s commercial bank, First Global Bank Limited.

Lumber Depot Limited Post Strong 2021 First Half

“Lumber Depot Limited had a strong 2021 first half. Revenues of $760 million represented an increase of 9% relative to the prior year. Profits for the first half were $107 million, an increase of 62% over the prior year. Revenues and profits for the three-month period ended October 31, 2021, were directly affected by the […]

Spring Gardens Processors now exporting to Canada

pring Gardens Processors (SGP) is a manufacturer and food processor of canned products, fresh Jamaican produce, and dried fruits and spices. It recently secured a large distributor with an extensive distribution network across Canada and the United States of America.  SGP’s CEO, Sophia Pearce, expressed appreciation for the Export Max III programme and the support provided by Carbyne Capital Investments, which enabled her to begin supplying large distribution chains in targeted export markets.

Collective approach needed to strengthen tourism

President of the Jamaica Hotel and Tourist Association (JHTA), Omar Robinson, says while tourism has suffered temporary fallout from the coronavirus (COVID-19) pandemic, it remains one of Jamaica’s most resilient sectors in driving economic growth and development. Tourism stakeholders say a collective approach is needed to strengthen Jamaica’s tourism product, in order to provide an […]

Government to provide more than $14 billion to support business, farmers and tourism interests

Prime Minister, the Most Hon. Andrew Holness has announced plans by his administration to provide more than $14 billion in support for business, tourism interests, and farmers over the next three years. This, Mr. Holness says, will form part of ongoing financial support to assist in ensuring that the operators of entities in these sectors […]

Employers urged to facilitate work-from-home where possible

Prime Minister, the Most Hon. Andrew Holness is encouraging employers to continue to allow staff to work from home, where possible, as the country enters the community transmission phase of the coronavirus (COVID-19). “We are encouraging businesses to facilitate the work-from-home order if they are able to do so,” Mr. Holness said, during a virtual […]

General Accident Insurance Company Jamaica Reporting Reduced Underwriting Profits For Six Months Ended 30th June 2020.

Managing Director for General Accident Insurance Company Jamaica Limited (“General Accident”) Sharon Donaldson is reporting that for the six months ended 30th June 2020 the company produced a profit before tax of JA$112.49 million compared to prior year of $135.28 million. The other highlights are as follows: Net profit after tax of $112.49 million, (2019: […]

Mayberry Records 2nd Quarter Rebound

Like many businesses, Mayberry Investments is being impacted by Covid-19. Its first-quarter results were negatively affected, but its second-quarter shows signs of promise, as the company emerges with stronger profits. “For the second quarter, we saw a wonderful rebound from the first quarter as you all are aware because of COVID-19. We saw where the […]