Derrimon’s distribution operations dipped into red again last year, and now the company is on a drive to strengthen that arm of the business by amplifying the branded items in its portfolio and…
Category: Business & Economy
Jamalco’s value doubles under new ownership, losses unchecked
Century Aluminium has made a US$273-million gain, according to updated information in its newly released year-end financial report. That’s up from the preliminary estimate of US$103 million in mid-2023, when Century acquired ownership…
Unilever to spin off ice cream business
Unilever, the company that makes Ben…
GK looking to Broadspan, PwC to land M&A targets in major markets
Food and financial services group GraceKennedy Limited is tapping into international expertise as it ramps up its M…
Jamaica Broilers sells US hatchery but mulling more investment in chick line
After selling its hatchery located in the American midwest for US$23 million, poultry company Jamaica Broilers Group, JBG, is considering additional investments in the same line of business, just at a different location…
As the rumble of tractor protests grows, the EU offers more environmental concessions to farmers
The European Union’s executive arm proposed weakening even more climate and environmental measures in the bloc’s latest set of concessions to farmers apparently bent on continuing disruptive tractor protests until the June EU…
Tax growth without new taxation
Experts in accounting and economics have lauded Jamaica’s seventh straight budget without new taxes as a plus amid the country’s push for economic expansion. Experts in accounting and economics have lauded Jamaica’s seventh…
Iberostar on path to zero emission in six years; Jamaica ops lagging
Large hotel chain Iberostar has installed a 1.2 megawatt solar power plant in Jamaica as part of the wider group’s move to slash its carbon emissions. The group of Spanish origin plans to…
To dodge AML woes, gov’t mulling brokers to dispose of confiscated properties
The Government of Jamaica will consider hiring real estate brokers to speed up the disposal of $1.5 billion in confiscated properties as a quick solution to avoid a downgrade by international anti-money laundering…
Rise in JSE junior share cap gets thumbs up
Market reaction to the increase in the amount of share capital that junior company can raise and hold has been positive, but up to early Thursday, but the Jamaica Stock Exchange itself is…
