AS Bryden and Sons Holdings Limited, ASBH, as the new majority owner of purveyor and food manufacturer Caribbean Producers Jamaica Limited, has made a mandatory offer for outstanding minority CPJ shares, but only…
Category: Business & Economy
Panama Canal administrator pushes back against assertions of Chinese meddling
The administrator of the Panama Canal said on Friday that the vital waterway will remain in Panamanian hands and open to commerce from all countries, rejecting claims by United States President-elect Donald Trump…
NCB Cayman sale deal off
The deal to sell the NCB Jamaica subsidiary, NCB Cayman, has fallen through just about a year after it was first announced. In early February 2024, National Commercial Bank Jamaica Limited, NCBJ, announced…
Update: Rum fight goes to Fair Trading Commission
National Rums of Jamaica Limited has sought the intervention of the Jamaica Fair Trading Commission, FTC, to address alleged anti-competitive practices by large players, including J. Wray…
Rum fight goes to Fair Trading Commission
National Rums of Jamaica Limited has sought the intervention of the Jamaica Fair Trading Commission, FTC, to address alleged anti-competitive practices by large players, including J. Wray…
Demand for ice cannot be met locally, says factory operator
Following a devastating fire at the production plant of Pure National in Kingston last November that hobbled the dominant player in the market for block ice, eyebrows were raised when the Jamaican government…
Travel on commercial flights to Jamaica dips in 2024, but skies busy with private jets
Passenger movements through the Kingston international airport was up, but traffic was down for Montego Bay in 2024. Overall, the country’s two largest airports recorded a decline in passenger traffic by about two…
UWI Mona bond snapped up by eager market
Pension funds and other institutional investors snapped up a long-term bond placed on the Jamaican market by the University of the West Indies, Mona, to raise $3 billion. UWI Mona Principal, Professor Densil…
ByteDance’s Lemon8 gaining traction amid TikTok ban threat
Amid a looming ban on TikTok in the United States, content creators have been pushing the platform’s sister app. Lemon8 resembles an amalgamation of the types of short-form videos found on TikTok and…
Trump says he will change the name of the Gulf of Mexico
President-elect Donald Trump said Tuesday that he would move to try to rename the Gulf of Mexico to the “Gulf of America”, a name he said has a “beautiful ring to it.” It’s…