Category: Business

Sagicor Select Fund IPO Oversubscribed; Closes Early

The Initial Public Offer, IPO, for Sagicor Select Fund closed last evening, one day early. Nationwide News understands the offer was oversubscribed, with more than...

GWest Corporation Registers Significant Losses

GWest Corporation says the financial year ending March 2019 saw the company suffering an increase in losses. Losses increased from $78-million dollars to $151-million....

Blue Power to Make Lumber Division a Separate Company

The Directors of the Blue Power Group have reached a conclusion, that having the Lumber Depot Division operate as a separate company will enhance its prospects for...

Inflation Dipped To -0.1% In June

Inflation dipped to a negative 0.1% percent last month.  That’s according to the Consumer Price Index CPI for June, released yesterday by the Statistical...

Finance Minister Urges Universities To Commercialize Research

Finance and Public Service Minister, Dr Nigel Clarke, is charging research institutions in Jamaica to actively pursue ways of commercializing their work. The Finance...

State of Public Emergency Across Western Jamaica Could Be Affecting Business Confidence – JCB Chairman

Chairman of the Jamaica Conference Board, Andre Gooden, says the State of Public Emergency in western Jamaica may have influenced the results of the latest consumer and...

Massy Gas Signals Interest In Operating Petrojam’s LPG Terminal

Local retailer Massy Gas Products has disclosed that it has an interest in the divestment of the State-owned oil refinery, Petrojam. A recent report from the Christopher...

Banks Can Benefit From Lending More to SMEs – Duncan

Vice President of the Private Sector Organization of Jamaica, PSOJ, Keith Duncan, says there’s a huge opportunity for banks to lend more to small and medium...

Peter Melhado, The New Chairman of Sagicor Group Jamaica

Effective tomorrow Peter Melhado, will be the new Chairman of Sagicor Group Jamaica Limited. The announcement follows a special meeting of the groups’ directors...

Lacking Regulatory Approval, WiPay Eyes July/August To Go Live With Its Payment Platform In Jamaica

CEO of the recently launched WiPay online payment platform, Aldwyn Wayne, is reported as saying that they’re not quite ready for the public. This as the company is...