After 50 years of operation, Jamaica’s largest car rental company, Island Car Rentals Limited, now has new owners. The company changed hands nearly two months ago but is only just going public following…
Category: Business & Economy
VM Wealth raises $3b for ICR Holdings Ltd’s acquisition of car rental companies
ICR Holdings Limited, a new holding company, has acquired Island Car Rentals and Jamaica Rental Company in a deal worth $2.7 billion with the help of funds raised by VM Wealth Management which…
Eppley zeroing in on leases and asset administration for growth
With the dynamic changes in the economic environment, Eppley Limited is narrowing its focus on its asset management platform as it diversifies its income and asset base across the Caribbean. The Jamaican private…
Waste-to-energy plant under consideration for St Ann landfill
The Jamaican Government wants to test the feasibility of expanding the St Ann landfill at Haddon fivefold and adding a waste-to-energy plant there, according to the Development Bank of Jamaica. Haddon is one…
Facebook and Instagram users in Europe could get ad-free subscription option, WSJ reports
LONDON, United Kingdom (AP) — Meta plans to give Facebook and Instagram users in Europe the option of paying for ad-free versions of the social media platforms as a way to comply with…
Seprod bemoans drop in dairy business
New climate change challenges including heat and drought have further weighed on Seprod’s dairy business, cutting milk production at the start of the summer season by almost half, CEO of the company Richard…
Flow Foundation fetes paediatric cancer patients
Big smiles and joyful eyes described the young cancer survivors at the Bustamante Hospital for Children (BHC) during the Flow Foundation’s annual treat in observance of Childhood Cancer Awareness Month on Friday, September…
Bankman-Fried trial begins
For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J.P. Morgan. Now, he has to convince a jury that he wasn’t, in reality, the next…
Kemtek marketing new residential complex, warns price will fluctuate with forex rate
Kemtek Development and Construction Limited is now marketing a new residential complex in Portmore called Oak Estate that’s priced at mid-tier buyers. The project is being executed in four phases, the first of…
Jamaica rum battle has a French twist
The rumble in the spirits market over the composition and redefinition of Jamaican rum is in part driven by a French company that co-owns National Rums of Jamaica Limited, NRJ, industry sources in…