Tea and condiments manufacturer Jamaican Teas Limited is banking on flows from real estate sales to finance its factory expansion. Jamaican Teas CEO John Mahfood said the 30 apartments being developed by the…
Category: Business & Economy
As oil boom transforms Guyana, a scramble begins
The list of needs is long in Guyana, a South American country of 791,000 people that is poised to become the world’s fourth-largest offshore oil producer, placing it ahead of Qatar, the United…
Clarke: Gov’t serious about Microcredit Act
Minister of Finance and Public Service Dr Nigel Clarke said that the Government will ensure vigilance in administering and enforcing the Microcredit Act in a bid to protect the microfinance subsector from “nefarious…
JMEA hunts more buyers for next expo
In the aftermath of its 48th staging of the Expo Jamaica 2023 trade show, the Jamaica Manufacturers and Exporters Association (JMEA) is aiming to grow the current number of buyers to 1,000 for…
IFC backs PPPs to spur growth
THE International Finance Corporation (IFC) — the private sector arm of the World Bank Group — is urging the Jamaican Government to find ways to “support export-oriented companies” to boost foreign exchange earnings…
JCCUL pushes back on central bank loan-quality data
Credit unions saw a dip in the quality of their loans last year, new central bank data shows, resulting in a non-performing portfolio above five per cent of total loans. But the Jamaica…
Global shocks to delay part of Portland Fund III equity raise
Global shocks will make the raising of US$350 million in seed capital for Portland Caribbean Fund III more challenging this year. Consequently, the fund managers will extend the offer to new investors until…
Real estate boom propels property insurance market despite reinsurance worries
The property insurance portfolios of nearly a dozen general insurers grew markedly last year, on average, a newly released report from industry regulator Financial Services Commission, FSC, shows. But one of its knock-on…
Courts launches microfin business BlueStart
Courts Jamaica Limited has restructured its operations to create a new company called BlueStart Capital (Jamaica) Limited, under which it will conduct its microfinancing or loan business. The loan business, more popularly known…
Stocks Round Up | 7.86 million units traded today
The Jamaica Stock Exchange (JSE) Combined Index reversed recent gains as it closed down on Thursday. Slow trading on small volumes ended with an advance/decline ratio of 44/52. The JSE Combined Index declined…