You don’t normally think for long about the lasting impact your actions have on unknown business colleagues. This is particularly true if they haven’t even been born. But is there a reason to…
Category: Business & Economy
UHWI ring road rerouting out to tender as prep work for tower begins
The rerouting of ring road at the University Hospital of the West Indies, UHWI, is now out to tender as plans ramp for the phased development of five structures, referred to as medical…
Jampro targets blue economy for growth
The Jamaica Promotions Corporation (Jampro) said it will be going after newer industries such as the blue economy as it pushes to drive diversification and bring greater value-added for the country. According to…
Seed gets BOJ approval
The Micheal Lee-Chin Jr start-up Seed Jamaica recently secured its long-awaited approval from the Bank of Jamaica (BOJ) to operate as a licensed microcredit institution. Seed’s approval follows a number of other microfinancing…
Pioneer Manufacturing taps capital markets
PIONEER Manufacturing Distribution Company Limited has set its sight on going public this year and has tapped NCB Capital Markets Limited (NCBCM) to arrange financing with the funds already earmarked for the company’s…
Oran Hall | There is life even with taxes
As good and responsible citizens, it is incumbent on us to pay our taxes, not just on income from employment, but from investment activities. Taxes leave us with less to spend, save, and…
Cedric Stephens | Insurance crisis needs unified approach from Caricom
Jamaica and its Caribbean neighbours are facing an insurance crisis. This emergency is like the increasing inflow of illegal guns and ammunition from the United States into the region. The entry of weapons…
Lee-Chin Jr’s Seed Investments lands microcredit licence
Seed Investments, a company led by Michael Lee-Chin Jr, has received approval from the Bank of Jamaica to operate as a microlender. The company, which is the newest entrant in the microfinance sector,…
Appetite for USD loans and foreign government securities grows
Foreign currency loans held by Jamaican investors and firms climbed by nearly 26 per cent last year, driven mainly by sovereign securities, according to the Bank of Jamaica. Meanwhile, borrowing in US dollars…
Catherine’s Peak sales set to hit $1.5b
Catherine’s Peak Bottling Company is on a path towards $1.5 billion in sales this year. The water bottling company owned by GraceKennedy Group expects to rebound from unspecified challenges and ramp up sales…