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…
Category: Business & Economy
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…
Wisynco expansion in mid-gear amid record demand
Following a record year where revenue jumped 25 per cent to $48.71 billion across its manufacturing and distribution segments, Wisynco Group Limited is moving expeditiously to complete its $5-billion expansion to satisfy demand…
FirstRock pushes to complete sale of Hambani units
Now at 66 per cent presold levels, FirstRock Real Estate Investments Ltd is eyeing a new year-end timeline to complete the construction and sale of its high-end Hambani residential development in Liguanea, Kingston….
US economic growth revised downwards
The United States economy expanded at a 2.1 per cent annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said…