BULK ice cream manufacturer Caribbean Cream Limited, known by its brand name Kremi, has invested $440 million in property, plant, and equipment this year as it pursues an ambitious expansion plan that promises…
Category: Business & Economy
Jamaica Broilers eyeing Barbados
THE Jamaica Broilers Group (JBG) is seeking to deepen its presence in the rest of the Caribbean while doubling down on its plans for its United States of America (USA) business. While JBG…
Business Social – November 3
The Private Sector Organisation of Jamaica (PSOJ) Hall of Fame banquet in which businessman Howard Mitchell was recently inaugurated was well supported by well-wishers and the who’s who in business in Jamaica. The…
REB schools exuberant real estate practitioner
A real estate agent who sued the Real Estate Board of Jamaica, REB, over conditions to which she was subjected in order to qualify for a salesman licence has lost her bid to…
Jamaica Broilers enters new markets, sees rising demand for processed foods
Jamaica Broilers Group Limited, JBG, entered six markets in the past year and is now looking towards both its regional and US segments to drive growth for the poultry company, notwithstanding logistical problems…
World powers tackle AI risk at UK summit
Delegates from 28 nations, including the United States and China, agreed on Wednesday to work together to contain the potentially “catastrophic” risks posed by galloping advances in artificial intelligence. The first international AI…
Gas prices down $3.06, diesel down $4.50
Motorists will pay less for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $3.06 to sell for…
Double-digit defaults on NHT mortgages
The National Housing Trust, NHT, says the number of homeowners in default on their mortgages is on the decline, even while reporting that the delinquencies are in the region of 14 per cent…
NCB gets go-ahead for share sale
NCB Financial Group received shareholder approval on Tuesday to sell up to 450 million new shares to investors. It puts the potential size of the additional public offering at about $27.8 billion based…
Mailpac looks to ‘swoop’ down on customers
E-commerce services provider Mailpac Limited, in pushing to recover lost earnings, said it will, as part of the strategy going forward, seek to go after more customers through new products and services created…