Portland Private Equity LP, an investment firm controlled by Michael Lee-Chin, is promising to target women for financing through the new equity fund it’s in the process of seeding. Portland Caribbean Fund III,…
Category: Business & Economy
Staff on edge at NCB
Staff at the NCB Financial Group subsidiaries, especially NCB Jamaica and NCB Capital Markets, are on edge in the wake of major changes made to the senior management of the companies in a…
Sagicor Financial Company clears last hurdle to acquire Ivari
Sagicor Financial Company Limited (SFC) has received all regulatory approvals to acquire Canadian life insurance company Ivari and expects to complete the transaction by October 3, subsequent to the end of its third…
Seprod eyes US$1 billion in sales by next three years
Focused on its target to double exports in the next two years, manufacturing and distribution conglomerate Seprod Limited said it is also pushing to reach US$1 billion in sales. Describing the move as…
Stocks Round Up | Some 22.5 million units traded today
The Jamaica Stock Exchange (JSE) Combined Index lost ground on Thursday. The moderate trading, ended with an advance/decline ratio of 59/35. The JSE Combined Index declined by 2,157.21 points or 0.64 per cent…
Hyundai and Kia recall nearly 3.4m autos due to fire risk
Hyundai and Kia are recalling nearly 3.4 million vehicles in the United States and telling owners to park them outside due to the risk of engine compartment fires. The recalls cover multiple car…
Stocks Round Up | Portland JSX today’s top advancer
The Jamaica Stock Exchange (JSE) Combined Index continued its winning ways on Wednesday. The heavy trading ended with an advance/decline ratio of 59/35. The JSE Combined Index advanced by 6,224.68 points or 1.89…
Gas and diesel prices going down Thursday
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…
Buyer, beware!
JAMAICANS looking to make the shift to electric vehicles (EVs) are being urged by insurers to ensure they purchase the vehicles from a locally registered new car dealer or they may have issues…
Renewables boost
Marubeni Power International has now confirmed that renewables have been chosen to replace old fossil fuel-fired power plants at Rockfort and Hunt’s Bay in Kingston. The company made the revelation about the choice…