Category: Business

Govt Fast-Tracking Establishment of New Customer Protection Agency

Finance Minister, Audley Shaw says the Government is fast-tracking the creation of a new consumer protection agency. The agency intends to – among other things...

General Accident Rues First Underwriting Loss in a Decade

The Directors of General Accident Insurance Company are disappointed with their December 2017 year-end underwriting loss. Reporting to Stockholders in their unaudited...

Credit-Scotia Transitions to LASCO Micro-Finance

Scotia Jamaica Micro-Finance Company Limited, formerly traded as Credi-Scotia, has changed its name to LASCO Micro-Finance Limited. This came into effect on December 1...

Lasco Manufacturing Records 22% Bump in Revenues

Lasco Manufacturing Limited recorded for their just-concluded December 2017 quarter improved revenues, up 22 percent. Revenues increased to over $1.7-billion from over...

Salada Foods Registers 55% Increase in Net After Tax Profits

Salada Foods Jamaica is reporting a 55-percent increase in profit after tax and a 49-percent increase in earnings per share for the three months ending December 2017....

Lasco Distributors Reports 28% Rise in Net After Tax Profits

Deputy Executive Chairman and Managing Director for Lasco Distributors, Peter Chin is reporting that net profits after tax were up 28 percent. Net profit came in at...

Caricel Acquired by South African Company

Telecommunications firm, Caricel, has announced that it’s been acquired by a South African company, Involution Limited. In a statement to the media today, Caricel...

Central Bank Warns Local Bitcoin Users

Jamaica’s Central Bank has issued a warning to local users of virtual currencies such as Bitcoin. In a statement today, the Bank of Jamaica, BOJ, says it’s...

Barita Investments Posts Before Tax Profits of Over $330m

Founder and Chairman of Barita Investments Limited, Rita Humphries-Lewin, is reporting for the financial year ending September 30, 2017 the company posted profit before...

Government Surpasses 2018 Tax Collections

Tax Administration Jamaica, TAJ, says it’s again surpassed the year to date collections target for the 2017/18 fiscal year. In a statement on Friday, the TAJ says...