JAMALCO is aiming to return its facilities to full production by early next year. The timeline comes nearly two years after a fire in the company’s powerhouse left the alumina refinery paralysed, with…
Category: Business & Economy
Updated BOJ data shows improved loan quality at credit unions
The Bank of Jamaica has updated the information on credit unions in its latest annual report, which now captures data from January to December 2022. The central bank’s initial report had covered only…
CAPRI proposes $2.2-m income tax threshold
The Caribbean Policy Research Institute (CAPRI) is proposing that the Government increase the personal income tax threshold by 47 per cent in the next budget cycle to help compensate for losses due to…
EU auto waiver ‘here to stay’
The zero customs duty now applied to motor vehicles originating from within the European Union, is the culmination of a 10-year process to phase out the taxes, Finance Minister Nigel Clarke said on…
Omni Industries eyes regional expansion
Local plastic and PVC products manufacturer Omni Industries Limited (Omni) will be moving to expand into the burgeoning Central American market and has engaged NCB Capital Markets Limited (NCBCM) as financial advisor to…
Sygnus Credit targets $4-billion capital raise
With an ambitious US$300-million target of originations over the next three years and insatiable demand from companies, Sygnus Credit Investments Limited (SCI) is looking to return to the capital markets in a bid…
Cumax to arrange cross-listing of music rights firm on JSE
Cumax Wealth Management Limited will provide advisory services to American company Music Licensing Inc on its path towards a cross-listing on the Jamaica Stock Exchange by July. Music Licensing is a small music…
EFresh reorganises operations, earnings jump near 400%
Food distributor Everything Fresh Limited, EFresh, has shifted a sizeable portion of its inventory from its headquarters in Kingston to Bog Walk, St Catherine, in a restructuring exercise that’s aimed at driving down…
New owners to incorporate Jamalco in hunt for capital
The partners in Jamalco refinery in Clarendon want to refocus on incorporating the alumina company prior to approaching the capital markets for financing. The plan is to do so before starting new investment…
