JAMAICA GLEANER - BUSINESS

  1. Kingston Wharves moving auto cargo to Tinson Pen, reorganises port facilities

    Kingston Wharves Limited (KWL) will be rolling out a number of measures that will made it more efficient to clear goods from its...
  2. National Investment Fund plans two real estate projects for St Ann - Winds Up Portmore Development Company

    National Insurance Fund (NIF) will be rolling out two developments in St Ann, one of which will provide housing.The...
  3. Jamaica gaming commission to allow gambling - No timeline yet for completing regulations

    The Betting, Gaming & Lotteries Commission (BGLC) is drafting regulations to legalise online gaming in Jamaica, but is mum on the entities that are lined up for licensing and unsure of the timeline for implementation...
  4. Access Financial acquires another rival

    Microlending company Access Financial Services Limited has acquired the assets of another rival, Micro Credit Limited (MCL), whose brand it plans to keep as a market retention...
  5. Caribbean Flavours takes on new partner in $108m deal

    An unnamed entity has acquired 10 per cent of Caribbean Flavours & Fragrances Limited under a new partnership that the company says is meant to boost exports...
  6. Main Event profits spike in second quarter

    Main Event Entertainment Group earnings improved marginally in the first quarter, but rose by double digits in the second quarter ending April, despite an overall...
  7. Jamaica Broilers to import new cattle varieties

      Jamaica Broilers Group is awaiting approval from the Ministry of Agriculture & Fisheries to import varieties of cattle that produce more milk per day than the current local stocks. “These varieties of cattle could produce...
  8. Lynmoore's setting up new shop, aims to double output

    Marlene Moore considers her crocheting skills a divine talent, but what started out for her as a pleasant pastime would eventually be parlayed into a footwear business.The illness and death of her...
  9. Insurance study ties legal pot to boost in car-crash claims

    A recent insurance study links increased car-crash claims to legalised recreational marijuana.The Highway Loss Data Institute, a leading insurance research group, said in study results...
  10. Senate GOP health bill prescribes tax cuts for the rich

    Senate Republicans' new health bill cuts taxes by nearly US$1 trillion over the next decade, mostly for corporations and the richest families in America.It uses a budget gimmick to comply with Senate...
  11. Temer accused of diverting funds to campaigns

    AP: President Michel Temer is being accused of organising the distribution of about US$6 million of public funds into Brazil's election campaigns.The latest corruption allegations against Temer came from...
  12. Experts: US exiting climate pact may doom some small islands

    To small island nations where the land juts just above the rising seas, the US pulling out of the Paris global warming pact makes the future seem as fragile and built on hope as a sandcastle.Top...
  13. Walter Molano | Russia: The emerging markets strongman

    Here is a Jeopardy question for US$200.It is a country that has a debt load of 7.5 per cent of GDP, international reserves of US$400 billion, a current account surplus of 3.4 per cent of GDP, an inflation rate of...
  14. OAS struggles to create mediation group for Venezuela

    Foreign ministers from throughout the Americas appeared to fail yet again Wednesday at reaching an agreement on mediating in Venezuela's intractable political crisis.The United States strongly pushed the idea of creating a "group of friends" like...
  15. New companies law to unveil true owners of local firms - Registrar fears blacklisting if enactment delayed

    Newly passed legislation that will serve to lift the veil on beneficial owners of offshore registered companies needs to be put into immediate effect if Jamaica is to avoid sanction, according to Registrar of Companies Judith Ramlogan.Delay, she...
  16. Winchester medical centre to float shares on junior market

    Winchester Surgical & Medical Institute, owned by consultant surgeon Dr Neville Graham and other doctors, is reporting progress on plans to go public and list on the junior stock market...
  17. MoBay pharma company to list

    Pharmaceutical company Indies Pharma Jamaica Limited will approach stock market investors for equity capital under an initial public offering being brokered by GK Capital Management.The company, which is based in Montego Bay, is run by family...
  18. ANSA McAL to acquire majority of Berger Jamaica

    Trinidad & Tobago conglomerate ANSA McAL Limited has signed an agreement to fully acquire Lewis Berger Limited (LBOH), which holds Berger Paints assets in Jamaica, Trinidad and Barbados...
  19. First deal for Eppley and NCBCap mezzanine fund

    The Caribbean Mezzanine Fund co-managed by Eppley Limited and NCB Capital Markets Limited made its first deal this year.The near US$16-million fund offers loans to companies, with the option of taking a slice of the ownership as equity."In the first...
  20. BOJ ready to implement agent banking services

    Maureen Simms, deputy governor of the Bank of Jamaica (BOJ), said the central bank is now ready to implement agent banking services and deposit-taking institutions can now apply to the central bank for permits."The relevant persons in the industry,...