Category: Business

Proven Investments Acquires Int’l Financial Planning

Proven Investments has acquired International Financial Planning Limited in the Cayman Islands. Proven purchased 100-percent of the company’s shares for...

JMEA Hits Out Against ‘Extortionist’ Mark-Ups in FX Market

The Jamaica Manufacturers and Exporters Association, JMEA, today lashed out at banks and financial institutions for what they’re calling “extortionist”...

Coffee Farmers Frustrated by Plummeting Prices

Vice Chairman of the Wallenford and Mavis Bank Coffee Companies, Mark McIntosh, says forces in the international coffee market are dictating what it’s able to pay...

Jetcon Reports 1.7% Quarterly Growth

The Directors of Jetcon Corporation are reporting another quarter of growth in revenues, but a slight decrease in profit compared with the similar quarter last year....

Derrimon Trading Signs Debt Refinance Agreement with Sagicor Bank

Chairman and Chief Executive Officer of Derrimon Trading Company, Derrick Cotterell, is reporting that the company has signed an agreement with Sagicor Bank to refinance...

Inflation Rises to 3.2%

The Statistical Institute of Jamaica, STATIN, says higher petrol costs contributed to a rise in inflation in July. The inflation rate now stands at 3.2 percent year over...

BOJ to Inject USD$50m into FX Market

The Bank of Jamaica (BOJ) has announced it will be selling USD$50-million to the market over the next four weeks. The BOJ announced the plans in the latest schedule for...

Kingston Wharves Reports 15% Increase in Revenues

The Directors of Kingston Wharves are reporting revenues of over $3-billion for the six months ending June 30. This represents a 15-percent or $450-million increase over...

Jamaica Producers Q2 Revenues Up 20%

Jamaica Producers Group increased its consolidated net profit attributable to shareholders by 67-percent for the second quarter ended June 30, compared to the same...

Petrol Prices Down Today

Effective today, motorists are expected to see a decrease at the pumps in the price of gasoline and diesel. The decrease follows a significant increase in the commodity...