KNUTSFORD Express is positioning itself for greater growth opportunities after the company had what CEO Oliver Townsend termed a “record-breaking” financial performance. The company reported an almost 48.6 per cent jump in revenue…
Category: Business & Economy
‘Be vigilant’: FSC warns pension managers amid $2b equity slide
The Financial Services Commission, FSC, warned fund managers to stay vigilant to protect against the further erosion of clients’ pension funds, which took a $2 billion beating in the first quarter, amid the…
Lasco Financial cuts jobs to bend profit curve
An organisational restructuring carried out by Lasco Financial Services Limited over the months of April to June has resulted in 15 posts being made redundant across LasFin and its subsidiary Lasco Microfinance, the…
GK to acquire contract manufacturer Unibev
GraceKennedy Limited (GK) has entered into an agreement to acquire privately owned Jamaican manufacturing company Unibev Limited. Branding itself as beverage contract manufacturer, Unibev specialises in fully integrated beverage solutions, which means it…
‘It’s not true’
Private Sector Organisation of Jamaica (PSOJ) President Metry Seaga on Wednesday dismissed the notion that Jamaica is a sample market, pointing to areas in which Jamaica businesses have built their capacity to export…
GK doubles down on water in deal for Unibev
GraceKennedy Limited has signed an agreement to purchase 100 per cent shareholding in beverage company Unibev Limited, an advancement on the deal it struck two years ago with the company to acquire the…
Portland bleeds US$7m on Merqueo write-down
Portland JSX Limited, the locally listed fund that’s managed by Portland Private Equity, posted a US$7.23-million net loss for the May quarter due to write-downs related to its Merqueo investment. However, the equity…
IRS aims to go paperless by 2025
Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the Internal Revenue Service, IRS, next filing season as the US agency aims to go completely…
Gas prices up $4.50, diesel up $4.50
The state-owned oil refinery, Petrojam, has announced increases in the prices of all its products, effective Thursday. E-10 87 is to move up by $4.50 to sell for $179.95 per litre and a litre of…
Factory workers melt under sweltering heat
Record-breaking temperatures are being felt by warehouse and factory workers with little or no cooling units. The world recorded its hottest day ever on July 3rd — a record then beaten on July…