Businessman Elias ‘Lee’ Issa is entering the retail clothing market in Negril through the Kix store brand, expanding his business holdings beyond the hotels and other ventures he already operates in the resort…
Category: Business & Economy
Student innovators recognised at Robotics and Coding Summer Camp Awards
Imagination and creativity were on full display at the Robotics and Coding Summer Camp Awards Ceremony held on Monday, August 28 at the Alfred Sangster Auditorium, University of Technology in Kingston. Following an…
Disney wants to narrow the scope of its lawsuit against DeSantis to free speech claim
Disney wants to narrow the scope of its federal lawsuit against Governor Ron DeSantis to just a free speech claim that the Florida governor retaliated against the company because of its public opposition…
Slow movement towards DPA readiness despite looming deadline
With mere months to go before the implementation of the Data Protection Act, DPA, on December 1, at least two state-run offices have started the hunt for a professional or firm to design…
Wisynco earnings climb to $5b, snacks take a nibble out of profits
Drinks maker Wisynco raked in close to $5 billion in profit for the year ended June, surpassing the prior year’s performance by 21 per cent, on revenues that climbed to a record $48.7…
138 Student Living seeking $2.15b from APO
The 138 Student Living (Jamaica) Limited (138SL) is seeking to a raise a minimum of $2.15 billion in a second-round capital raise. The company, in its prospectus for an additional public offering (APO),…
Mint Technologies project aims to revitalise Black River
IN an effort to reinvigorate what he sees as the declining economy of Black River in St Elizabeth, Alanso McKoy, entrepreneur and owner of cable company Future Telecommunications Ltd, is constructing Mint Technologies,…
New Courts store at Portmore Pines to open in October
Unicomer, operator of the Courts furniture network, will open a second store in Portmore in St Catherine next month, while laying claim to nearly half of the Jamaican market amid continuing expansion. It…
SEZ business activity tops $3 trillion
At first blush, the numbers provided by the Jamaica Special Economic Zone Authority appear to suggest a dramatic change in the SEZ landscape, based on the implied eighteenfold growth in revenue flows from…
US$255-m boost
JAMAICA is set to draw down US$255 million in loans from the International Monetary Fund (IMF) under the Resilience and Sustainability Facility (RSF) with the money to be steered towards refinancing high interest…