Category: Business

Jamaica Teas Bids for KIW

Jamaica Teas has made a bid to acquire the Jamaican government’s 42.9-percent stake in KIW International factory and warehouse space located along Spanish Town Road....

Marley Family Dismisses Montobacco

The Marley Family has dismissed a demand from Montobacco for it to immediately stop using the name Marley Natural for its Bob Marley inspired weed line that was launched...

Caribbean Flavours and Frangrances Posts

Caribbean Flavors and Fragrances has reported gross profits of $35.26-million for its second quarter ending last December. According to the company’s financial reports...

PSOJ Launches Corporate Code for MSMEs

The newly completed Corporate Code of Governance for Micro Small and Medium Enterprises (MSMEs) was launched today at the offices of the Private Sector Organization of...

Marley Natural Accused of Copyright Infringement

Marley Natural, the Bob Marley inspired weed line has been accused of infringing on the trademark owned by Montobacco Limited. In a letter to the company, Montobacco has...

IMF Postpones Visit to Kingston

The International Monetary Fund, IMF says its has reached an agreement with the Government to postpone its visit to conduct the 11th review of Jamaica’s...

Fitch Upgrades Jamaica’s Rating

Credit ratings agency, Fitch, today upgraded Jamaica’s long term foreign and local currency issue ratings to B, up from B-minus. They’ve also revised the...

World Bank Approves USD$30bn Climate Change Loan

The World Bank has approved a USD$30-million loan or JMD$3.6-billion to help address the damaging effects of climate change. In a statement today the World Bank says...

Heineken Begins D&G Shareholder Payouts

Heineken has begun making payments to stakeholders of local brewery Desnoes and Geddes (D&G) who have accepted its takeover offer. According to the deal broker, NCB...

IDB and JBDC Sign Agreement to Improve Business Viability

The Inter-American Development Bank (IDB) and the Jamaica Business Development Corporation (JBDC) have signed a $150,000 agreement to test the viability of an innovative...