The transfer of 23-year-old Mount Pleasant Football Academy player Trivante Stewart, directly from the local league to Italia’s Serie A club Salernitana, is the most significant transfer of the Jamaica Premier League (JPL)…
Category: Business & Economy
Judge approves sale agreement for Mystic Mountain
Justice David Batts has approved the sale of Mystic Mountain Limited, MML, operator of an adventure park in Ocho Rios that went bankrupt. It paves the way for the secured creditor, Sky High…
Stock market falls below COVID low
Jamaican stocks sank to new depths last week, pushing the market beyond its lowest point during the height of the coronavirus pandemic. It’s the second time it’s done so since this year. Investors…
Court approves Mystic Mountain sale
The Supreme Court today granted approval for the sale of the business and assets of bankrupt Mystic Mountain Limited, a major tourist attraction in Ocho Rios, St Ann. Karibukai Limited is the owner…
Stocks Round Up | JSE ends week marginally down
The Jamaica Stock Exchange (JSE) Combined Index closed the week marginally down on Friday. The slow trading ended with an advance/decline ratio of 41/48. The JSE Combined Index declined by 414.94 points or…
VM Group to introduce ABM, point-of-sale fees for customers
After several years of free ABM and point-of-sale transactions, customers of the VM Group will be charged these fees for the first time come October 1 when they conduct business with other financial institutions….
FTC asks Massy for remedial action after IGL acquisition
The acquisition of cooking gas supplier IGL has concentrated around 80 per cent of the market in the hands of Massy Group, enough to raise concerns about market dominance, but Jamaica’s Fair Trading…
PIOJ shaves top end of growth projections, but economic outlook positive
The Planning Institute of Jamaica, PIOJ, has reduced by one percentage point the upper end of growth projections for gross domestic product, the measure for economic output, for this fiscal year ending March…
Economy grows 2.9% in 6 months
THE pace of growth in the local economy slowed in the first half of this year to 2.9 per cent as the country completed the recovery from the pandemic-induced decline and settle down…
Everything Fresh doubles half-year profit
Everything Fresh Limited has seen its half-year profits for 2023 double and has credited the “strong results” to the continued growth in the tourism industry. However, its Bahamas operation saw a dip in…