Seprod Limited has sold International Biscuits Limited (IBL), the maker of Butterkist and Snackables, in a move CEO Richard Pandohie described as a deliberate step to simplify the group’s footprint, reduce channel conflict,…
Category: Business & Economy
Caribbean Cement posts flat profit on record revenue
Cement Company Limited (CCC) made $5.9-billion profit for the year ended December 2025, or flat compared to year-earlier levels, despite the passage of Hurricane Melissa. Also, the island’s sole cement maker posted record…
Regency Petroleum buys Yaadman LPG business, doubling market share
Petroleum company Regency Petroleum has agreed to acquire the liquefied petroleum gas (LPG) operations of Yaadman Petroleum, a deal that will double Regency’s presence in Jamaica’s cooking gas market. The acquisition will “no…
Leesa Kow exiting JN Bank, Keith Levy to act as interim MD
JN Bank Managing Director Leesa Kow will demit office effective March 31. Keith Levy, who has served as a director of JN Financial Group Limited since 2022 and as chairman of JN Bank…
General Accident posts record profit even as Hurricane Melissa drives rare quarterly underwriting loss
General Accident Insurance Company Jamaica Ltd (GenAc) closed 2025 with its strongest annual profit on record, even as Hurricane Melissa pushed the December quarter into an underwriting loss. It was also the first…
Soapberry US$100m upgrade to double capacity, unlock real estate growth
The Government expects to divest the Soapberry Wastewater Treatment Plant this year as part of plans to double its capacity to meet infrastructure needs for increased housing developments. “We will go to market…
Battery plant set for St Catherine at US$30m
A British-Jamaican green energy consortium plans to set up a high-voltage battery manufacturing facility in St. Catherine, in what would be the first plant of its kind in the island. Aqvastor Technologies Limited,…
Regulator orders drug divestment for $30-billion-plus insulin market
Acado Limited, a Caribbean joint venture, must sell the local distribution rights to one of its insulin brands by September 2026 — or lose the right to complete a landmark acquisition, according to…
Mercedes‑Benz dealership denying aftersales service for grey market vehicles
Silver Star Motors, the authorised distributor for Mercedes-Benz in Jamaica, will no longer provide aftersales service support for vehicles imported outside of the manufacturer’s authorised distribution network. It follows what the dealership called…
Century pumps US$34m into Jamalco
Century Aluminium pumped US$34 million (about J$5.3 billion) into capital upgrades at its majority-owned Jamalco alumina refinery, racing to sever the operation’s dependence on the island’s power grid after Hurricane Melissa exposed the…