Jamaica dropped to third spot in the Playa group, having been overtaken by Dominican Republic in the first quarter of 2021. After disposing of two resorts in Jamaica amid the pandemic, revenue from that market for Playa Hotels...
Poultry prices are up due to higher commodity grain prices, says Jamaica Broilers Group President and CEO Christopher Levy. “We have seen a run-up in price of corn and soy to seven-year highs, and that’s a straight pass-through,” said Levy at the...
Remittance inflows to Jamaica for the first two months of this year were up nearly 30 per cent, outpacing the growth among some of its regional peers. Inflows in January were estimated at $241 million, and were slightly lower at $235.9 million in...
Investors are queuing up for shares in Guardian Holding Limited, GHL, now relisted on the Jamaica Stock Exchange after a near eight-year hiatus, and although no trades were successful, the stock is already trending one-third higher than the price...
British shoe company Clarks has launched a dancehall campaign aimed in part at reconnecting with “cult” consumers, as a way to regain lost sales. “We have lost connection with the main customers and accounts in our key wholesale markets,” said now...
Marigold Jamaica, which operates a herb house in Kingston, has bought out its Canadian partner Aphria for an undisclosed sum, market filings show. “We parted ways with Aphria,” Lloyd Tomlinson, principal owner of Marigold, confirmed in an interview...
Angella Rainford, the businesswoman who conceptualised and led the development of Jamaica’s largest solar farm at Paradise Park in Westmoreland, has set up a new venture, Soleco Energy Limited, to fund solar power solutions for companies in the...
The Bank of Jamaica, BOJ, has again raised concerns about the LUMI, a largely concept currency issued by the African Kingdom that circulates in both physical and digital format. “Specifically, the ‘AKL LUMI’, which is purported to be currency and...
Jamaica’s potential oil reserves are now closer to tenfold the level of previous estimates, according to the latest detailed study, but the ministry in charge of energy argues that the findings are still preliminary and it’s therefore premature to...
Ehave Inc, a North American listed company which offers magic mushroom and ketamine services, announced that it elected Jamaica’s Mark Croskery to the board of its new subsidiary, to focus on securing deals in Jamaica and the region. Both Ehave...
Derrimon Trading Limited, DTL, owners and operators of the Sampars and Select Grocers supermarkets, among other holdings, expects to more than double profits to approximately $800 million by acquiring unnamed retail entities in the United States...
Cargo Handlers Limited, CHL, has spent $100 million to acquire 30 per cent stake in Buying House Cement Limited, a cement importer based in Montego Bay that mostly supplies western Jamaica. Domicem, a company based in Dominican Republic, will...
Distribution company Derrimon Trading Limited, DTL, which operates the Sampars and Select supermarkets, among other businesses, will remain listed on the junior market of the Jamaica Stock Exchange, JSE, despite its pending $3.5-billion capital...
As moratoriums on mortgage payments come to an end, real estate experts see rising risk for homeowners losing their homes to foreclosures by lenders. That’s because of the job losses under the pandemic and the slow recovery of the decimated...
Food and logistics conglomerate Jamaica Producers Group, JP, will pay out $224 million in dividends to shareholders in mid-January, its largest since 2015. The distribution at 20 cents per share represents a yield of under 1.0 per cent on the...
TransJamaican Highway, toll operator for the East-West corridor of Highway 2000, has moved forward plans to acquire more toll roadway currently under construction in the parish of Manchester. The road project is being undertaken by the Government...
Jamaica hopes to keep its luxury coffee exports to Japan on par with previous years, but the latest data shows its losing ground to coffee imports from richer non-coffee producing nations. Jamaica exports most of its coffee to Japan, the world’s...
Job losses arising from the COVID-19 fallout are worse than the previous crisis in 2008, but recovery should happen four times as fast, according to Planning Institute of Jamaica, PIOJ, Director General Dr Wayne Henry. That’s due to the improved...
Facing a new paradigm of smaller offices and staff working remotely from home, the inevitable implication of which is reduced demand for office furniture, Stationery and Office Supplies Limited, SOS, has started offering home office furniture to...
The number of car crashes have fallen since the April imposition of COVID-19 curfews, but the damage sustained in motor accidents were found to be more severe. The upshot for IronRock is that claims are tracking apace with last year, despite fewer...
Over the three years in which David Noel has led Scotia Group Jamaica as president and CEO, he has grown loans by more than a third, keeping pace with the market, but the bank has been outmatched by its chief rival in terms of profits and asset...
The market value of Barita Investments Limited, BIL, has hit $100 billion for the first time, a status held by only three other stocks, all of which are financial firms. However the stock pared gains the following day. BIL closed at $92.20 on...
About half of households surveyed in Jamaica have registered a job loss since the pandemic, according to findings of an Inter-American Development Bank, IDB, survey. Contrastingly, upper-income households registered job losses at half the rate, or...
