Barita Investments Limited isn’t ready yet with a date on when it plans to start developing the large property holdings it controls. “We are doing market studies and getting the market information to…
Category: Business & Economy
EduFocal chops staff, pilots new software to turnaround company
After registering big losses over the past two years, online learning company EduFocal Limited is banking on the introduction of new exam marking software, new clients and cutting more than half of its…
BOJ keeps rates stable despite waning inflation
The Bank of Jamaica (BOJ) expects inflation to stay within the 4.0 to 6.0 per cent target range in the forthcoming months, but says it will keep its key interest rate unchanged at…
Gov’t renting large chunk of new space in Kingston, BPO moving into Bolt’s building
Government entities will occupy a large chunk of the new office space that has come on the market in the capital city in the past few months, checks by the Financial Gleaner show….
Mother’s expanding via gas stations and more
Food service company Mother’s Enterprise Limited is ramping up its expansion programme through new partnerships with gas station operators, and others. After opening the doors to a new brand, Mother’s Café, at the…
WITCO cigarette shares fall in Trinidad amid probe
The share price of West Indian Tobacco Company, which makes cigarettes for traders such as Carreras, has dipped 11 per cent since the placement of its managing director Raoul Glynn on leave this…
West Indian Tobacco Company’s Raoul Glynn sent on administrative leave
Managing director of the Trinidad-based West Indian Tobacco Company, Raoul Glynn, has been placed on administrative leave with pay, pending an internal investigation. A report in the Trinidad Guardian says the action is…
Gassy cows and pigs to face carbon tax in Denmark, a world first
Denmark will tax livestock farmers for the greenhouse gases emitted by their cows, sheep and pigs from 2030, the first country to do so as it targets a major source of methane emissions,…
Phillips takes helm as Pulse interim chair
Retired judge Hilary Phillips assumed the position of interim chairman of Pulse Investments following the passing of co-founder and chairman Kingsley Cooper on June 18. Phillips, a co-founder, director and the second-largest shareholder…
PSOJ complex to cost over $1 billion
The redevelopment of the property housing the Private Sector Organisation of Jamaica, PSOJ, is estimated to cost $1 billion, says Natalie Bennett, CEO of VM Pensions Management Limited. VM Group and the PSOJ…