Blue Emerald, a manufacturing affiliate of FosRich Company Limited, has secured a contract to make transformers in Jamaica, deepening its operations that to now has dealt with repairs of the equipment for key client, Jamaica Public Service Company...
A 300-acre coconut farm is being established in St Thomas by an unnamed large investor, Minister of Agriculture and Fisheries Floyd Green has disclosed. Meanwhile, the largest coconut farm in Jamaica, also in the parish of St Thomas, is soon to...
Spur Tree Spices Jamaica’s venture into farming to supply inputs for its manufacturing operation seems to be paying off, as the company now has enough pepper to meet its demand for the rest of the year. CEO Albert Bailey said the company expects to...
Jamalco has resumed full production despite its declaration of force majeure due to damage caused by Hurricane Beryl at its Rocky Point port facility in Clarendon. “Jamalco produced at its targeted 1.2 million tonnes per annum production rate in...
Among corporate America’s most persistent shareholder activists are 80 nuns in a monastery outside Kansas City. Nestled amid rolling farmland, the Benedictine sisters of Mount St Scholastica have taken on the likes of Google, Target and Citigroup...
Incoming Starbucks CEO could make well in excess of US$100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in California to Seattle, the home of the global coffee...
Although we are fast approaching five years until the deadline for the Sustainable Development Goals, we are still far from achieving SDG7, which calls for universal access to clean, affordable energy. Worse, we are in the middle of yet another...
Senior An agreement signed between VM Pensions Management Limited and the Jamaica Chamber of Commerce, JCC, promises to bring thousands of workers under the pensions umbrella and improve long-term savings among the Jamaican workforce. An estimated...
One in four members of the financial sector are bracing for a potential rate hike amid economic uncertainty, central bank data on inflation expectations shows. As to whether those sentiments are prescient, that remains to be seen. The Bank of...
Regency Petroleum Company Limited, RPL, is looking towards leasing and franchising arrangements to grow the business, now that it has four petrol stations fully operational and another, though delayed, expected to start pumping gas by late...
Motorists will pay more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $1.79 to sell for $177.46 per litre and a litre of E-10 90 will go up by $1.81 to sell for $$186.48....
More than a fifth of National Commercial Bank’s automated teller machine network was blown off course by Hurricane Beryl, more than a month ago, but nearly all of them are now back online, Jamaica’s largest bank has indicated. Vice-President of the...
Hurricane Beryl triggered insurance payouts for Flow’s operations in Jamaica and select islands, equating to an estimated US$44 million, the parent company of the regional telecommunications services provider has said. “The overall impact is...
Six years after its initial application and two years after being officially invited to start the accession process, Argentina has recently been given a road map for OECD membership. Given the benefits that membership would offer both sides,...
Ford and Mazda are warning the owners of more than 475,000 older vehicles in the United States not to drive them because they have dangerous Takata airbag inflators that have not been replaced. The warning issued on Tuesday covers more than 374,000...
Coffee chain Starbucks Corp, struggling with fading sales and disgruntled investors, said on Tuesday that it’s replacing CEO Laxman Narasimhan with Brian Niccol, the chairman and CEO of Chipotle. Narasimhan, who spent a little more than a year...
The World Bank has appointed Canadian national Anne-Lucie Lefebvre as its country manager for Haiti. The Washington-based development financier said Lefebvre, who will be based in Port-au-Prince, the Haitian capital, will be responsible for leading...
The state-owned energy, oil and gas company, Staatsolie, says it plans to invest US$1.8 billion in its first offshore oil project, with the possibility of taking up a 20 per cent stake in the block. In its 2023 annual report, Staatsolie said it...
Sygnus Capital acted as lead arranger of a private-public partnership with Caribbean Pavement Solutions, CPS, to fund a road improvement project covering 65 per cent of the road network on the island of Eleuthera in The Bahamas. The company...
Upmarket lender Ultra Financier is adding private credit as a new line of business, in addition to making loans to high net-worth clients. CEO David Henriques says its meant to shake off the company’s present image, which he described as being akin...
The Caribbean region suffered an estimated US$500-million loss in insured property damage as a result of Hurricane Beryl, according to the head of Guardian Holdings Limited, GHL, a leading insurance company in the region. GHL Group CEO Ian Chinapoo...
In response to the growth of its pharmaceutical operations, Lasco Distributors Limited has acquired a commercial property in the vicinity of its base on Red Hills Road in Kingston to facilitate the division’s expansion. Lasco Chairman James Rawle...
Two years ago, Pfizer was the envy of the pharmaceutical world, with more than US$100 billion in annual sales from its COVID-19 vaccine and antiviral Paxlovid. Today, CEO Albert Bourla is trying to turn the page from that success story, which has...
Prime Minister Andrew Holness listed ‘rural development, climate resilience, and sustainable agriculture’ as areas of action when he spoke at a UN Food and Agriculture Organisation (FAO) regional meeting in Montego Bay, according to a March 8, 2018...
