Category: Business & Economy

Petroleum marketing company, Future Energy Source Company Limited, is moving to carve more market share for its proprietary Jamaica-blended lubricating oils, Futroil. Petroleum marketing companies generally market their own brands, but with only…

Farmers of coffee in Jamaica’s high mountains have witnessed a two-thirds dip in production from pre-pandemic levels. Jamaica produces many varieties of coffee but two mountain regions define the brew: high mountain and…

Innovative Energy Group Limited, IEG, formerly known as Ciboney, will issue 850 million new ordinary shares, with the intent of raising fresh equity capital. “Additional capital is required, but we are exploring options…

PepsiCo lowered its sales forecast for the year as consumers in the United States, China and elsewhere continued to pull back on buying its snacks and drinks. The company, based in Purchase, New…

The near four-year legal battle over the definition of ‘Jamaica rum’ has ended with a decision to add the word ‘only’ to the criteria, a change that now clearly bars ageing of the…

Andrew Messado, chief financial officer for GraceKennedy Limited, is promising a strong year for the conglomerate as he assumes responsibilities for its day-to-day operations, starting today, October 9. Messado will sit in temporarily…

European Union countries have voted to impose duties on imports of electric vehicles from China, as talks continued between Brussels and Beijing to find an amicable solution to their trade dispute before an…

Woodcats International Limited, a maker of wooden pallets for manufacturing and distribution companies, is looking to carve value from the scraps it once disposed of as waste. General Manager Peter Douglas says the…

“When your neighbour’s house is on fire, you better wet yours.” This proverb has never been more relevant regarding Usain Bolt’s ordeal in trying to recover his missing millions from a financial investment…

Group Chief Executive Officer of GraceKennedy Limited, Don Wehby, has announced he is taking temporary leave from his role to focus on his health. In a message to the team at the company, Wehby…