THE Jamaica Producers Group has set its sights on substantial growth in its juice business in Europe, having now upgraded the production facilities to be more efficient in the face of inflationary pressures…
Category: Business & Economy
Trinidad-based Agostini’s snaps up Health Brands
Agostini’s Limited (AGL) has signed a sale and purchase agreement to acquire Health Brands Limited in its latest acquisition of a distribution company across North America and the Caribbean. Health Brands is a…
GK inks remittance deals with Lynk, Courts, posts strong results
Rising sales of GraceKennedy products across Jamaica was tagged as one of the major contributors to double-digit growth posted by the conglomerate for the first quarter ending March, despite an economic climate that…
Stocks drift lower as US struggles to reach debt deal
NEW YORK, United States (AFP) – European and US stock markets mostly drifted lower Tuesday as traders awaited possible developments on a US debt deal necessary to avert a default. Sentiment was also…
Local chocolatiers increase cocoa uptake, but exports fluctuate
The official data on cocoa is lagging, but businesses and the regulator overseeing the market say more cocoa-based products are being produced in Jamaica, and as part of the trend, more local beans…
Roots buys Mother’s Enterprise
Roots Financial Group has acquired patty maker and food chain Mother’s Enterprise Limited for an undisclosed sum. “We acquired 100 per cent of Mother’s Enterprises,” said Kevin Donaldson, a former investment banker and…
No real estate licence, no deal
Anthony Tharpe, CEO of the Caribbean Real Estate Fund Limited, otherwise known as Careif, has been canvassing for industry support following a loss in the Court of Appeal which means, he says, that…
Tropical Battery to test EV market with first 40 bikes
Aiming for a minimum 15 per cent growth in revenue, annually, energy storage company Tropical Battery is days away from clearing its first shipment of 40 electric bikes, as it prepares to enter…
Inflation returns to target range at 5.8%
The price of goods and services fell for the month of April 2023, causing the country’s annual inflation rate to settle within the Bank of Jamaica’s target range for the first time in…
Connected and Protected Programme expanded to primary schools
The Flow Foundation’s Connected and Protected online safety programme has now expanded to primary schools with its Safer Internet Monitor sessions. The sessions are designed to empower primary school children with practical knowledge…