SHAREHOLDERS of MPC Caribbean Clean Energy Limited (MPCCEL) approved the reorganisation of the company and its associated fund at the annual general meeting (AGM) held on Tuesday. The reorganisation is expected to be…
Category: Business & Economy
Preparation mode
PRESIDENT of the Jamaica Bankers Association (JBA) Septimus Blake said it could take until late this year for all automated banking machines (ABMs) to be fully converted for the new polymer banknotes. Blake,…
Volatile roots drink market regaining stamina
The size and scope of the so-called roots drinks market in Jamaica remains largely cloaked by the informal nature of the trade. But having experienced a downturn during the health crisis, the market…
Dolla pulls brake on Guyana branch but expanding in Jamaica
Microlender Dolla Financial has set aside plans for a second branch in Guyana, and instead will put more muscle behind growing the Georgetown operation launched two years ago. CEO Kadeen Mairs made the…
Spur Tree sets sight on Europe, Africa
SPUR Tree Spices, the Kingston-based manufacturer known mostly for its wet seasonings and spices, has set it sights on pushing its products into Europe and Africa as it plots to diversify its product…
BIN card fraud attacks on the rise in Jamaica
Banking experts are now warning of a rise in so-called BIN attacks in which hackers use computer programmes to essentially ‘guess’ the full card number, CVV code and other information linked to debt…
SEZ operators to pay for work from home arrangements
Jamaica Special Economic Zone Authority is finalising a new policy that will allow all firms it licenses, including outsourcing companies, to implement remote work arrangements for nearly a third of their workforce. But…
GK plans line extension of water products
Now controlling 70 per cent of Catherine Peak and 100 per cent of 876 spring water brands, food and financial services group GraceKennedy Limited (GK) is looking to further grow its two line…
Caymanas Park profitable and expanding opportunities
Supreme Ventures Racing & Entertainment Limited (SVREL) turned a profit from the loss-making Caymanas Track Limited (CTL) as it looks to expand the earning potential of the horse racing track locally and internationally….
GK scans its business for more ways to grow bottom line
GraceKennedy Group CEO Don Wehby continues to scan the food and financial services conglomerate for ways to combat expenses and supply chain snarls. In the meantime, it’s investing in technology and production upgrades…