The focus on capital adequacy by large banking conglomerate NCB Financial Group resulted in it reclassifying certain investment assets to retain value. “We are living in uncomfortable times,” said President and CEO Patrick…
Category: Business & Economy
Cuba cops one million visitors in first 5 months
Tourism officials in Cuba recently announced that the Spanish-speaking country has within the first five months of this year welcomed one million visitors to its shore, almost half of which it received during…
Sagicor now most valuable company on JSE
SAGICOR Group Jamaica Limited (SGJ) is now the largest company on the Jamaica Stock Exchange (JSE) by market capitalisation as it surpassed NCB Financial Group Limited (NCBFG) at the end of 2022. While…
An investment in the poultry industry
Jamaica Broilers Group (JBG) has spent over $200 million — approximately US$1.5 million — on the rehabilitation and expansion of the Best Dressed Chicken h atchery in Cumberland, Portmore, in response to growing…
Hippolyte Fofack | Dollar relief for the global south
The US Federal Reserve’s decision to raise interest rates by 475 basis points over the course of 12 months, in a bid to curb inflation, was bound to be perilous. As should have…
‘Give us the dump’
AS fire rages at the Riverton City dump in St Catherine earlier this week, blanketing the Corporate Area and Portmore with smoke for yet another year, one entrepreneur is pressing the Government to…
JPS applies for new electricity rates
THE Jamaica Public Service Company (JPS) has applied for its annual tariff adjustments with a proposal for a 0.8 per cent increase in rates for residential customers while some commercial customers rate will…
PA Benjamin Cosmetics increasing distribution
PA Benjamin Cosmetics brand is looking to double its local distribution and triple its international distribution units this year. Business Development Manager Toni-Moy Stewart said the new hair and skin products have met…
Jamaica Broilers pumps $200m into Cumberland hatchery
The Jamaica Broilers Group, JBG, is projecting a 70 per cent spike in the production of broiler chicks after pouring $200 million into expansion of a hatchery in Cumberland, St Catherine. A sizeable…
Wisynco maintains record performance for Q3
Beverage manufacturing and distribution company, Wisynco Group Limited, has for the second consecutive quarter maintained earnings of $1.2 billion on record sales of $12 billion. The third-quarter performance, which covered the period January…
