Investor Michael Lee-Chin plans to meet with bondholders over the delayed repayment of the Specialty Coffee Investment Limited bond. Lee-Chin, the principal owner of Specialty Coffee, said the meeting will provide updates and…
Category: Business & Economy
UN climate talks to focus on funding for poor nations
A complex international two-week-long game of climate change poker is convening. Curbing and coping with climate change’s worsening heat, floods, droughts and storms will cost trillions of dollars and poor nations just don’t…
Infrastructure, land use seen as hurdles to Jamaica becoming a logistics hub
High shipping costs, outdated infrastructure and the proper use of the land around the Port of Kingston have been identified as some of the hurdles that need to be overcome if Jamaica is…
Omni profits in slow economy
Omni Industries Limited, a trader in plastic products for household and industrial use as well as supplier of pipes and fittings, reported higher profit despite an economic slowdown and the impact of Hurricane…
Raoul Glynn no longer WITCO’s managing director following probe
Raoul Glynn is no longer Managing Director of the Trinidad-based West Indian Tobacco Company (WITCO) following an internal investigation. He is also no longer Country Manager for British American Tobacco (BAT) Caribbean. A notice…
MPCCEL selling Paradise solar holdings
MPC Caribbean Clean Energy Limited , MPCCEL, announced plans to sell its shares in Paradise Park, a solar power plant based in Westmoreland, by the first quarter of 2025. The sale price was…
Caymanas SEZ project to get under way next year
It will be more than four years before the long-anticipated Caymanas Special Economic Zone, CSEZ, is implemented, according to the President of the Port Authority of Jamaica, Professor Gordon Shirley. The CSEZ, located…
Trump win ignites crypto frenzy that sends bitcoin to record high
The price of bitcoin hit a new high on Wednesday and crypto-related shares rallied as investors bet that former President Donald Trump’s victory in the United States presidential election will be a boon…
CB Group says best chicks but no new breeds at new R&D facility
The Caribbean Broilers Group is promising a shift in best practices as it partners with Irish research company Devenish Nutrition to commission the first R…
Donovan Lewis, Ideal Betting to pay up over fraudulently transferred shares, court rules
A judge of the Supreme Court has ordered compensation for the late Lloyd Wilson’s estate after determining that some of his shares in Ideal Betting Company Limited were unlawfully transferred to principal owner…