Category: Business & Economy

The ownership of Carilend has shifted from VM Investments Limited to VM Financial Group. No details of the transaction were disclosed, but VM Investments referred to it as a ‘strategic sale’ of its…

PVC pipe maker Omni Industries Limited, which aims to list on the Jamaica Stock Exchange, JSE, announced plans to increase exports to one-fifth of total sales, or $400 million, within two years. “Today,…

The quarterly profit of Sagicor Group Jamaica Limited declined to $1 billion, or half of year-earlier levels, due to one-off expenses related to insurance contracts and reduced market values on certain investments, including…

Relatives of Lundine Anderson of Trouble Hill currently live on sections of his 100-acre farm, allowing them to keep watch over his crops. That solved some of his farm-theft problems, but last November…

US airlines are suing to block the Biden administration from requiring greater transparency over fees that the carriers charge their passengers, saying that a new rule would confuse consumers by giving them too…

Motorists will pay less for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $0.25 to sell for…

MPC Caribbean Clean Energy Limited, a regional investor in renewable energy, booked a profit of US$232,000 for the March quarter, which reversed losses of US$39,000 from the prior year, and added momentum to…

Higher metal prices benefited Jamalco which returned to profit in the March quarter, parent company Century Aluminum has reported. “Production at Jamalco also improved through the first quarter, and I’m pleased to say…

A federal fraud trial began Monday for the owner and chief financial officer of a hedge fund that collapsed when it defaulted on margin calls, costing leading global investment banks and brokerages billions…

Omni Industries Limited, a maker of PVC plastic pipes and crates, is floating its shares on the market to raise $500 million to finance the company’s expansion and modernisation agenda. “This IPO and…