Category: Business

Marginal Rise in Unemployment Rate

The Statistical Institute of Jamaica is reporting a 0.5-percent increase in the unemployment rate up to April this year in comparison to the corresponding period last...

JN Working to Minimize Correspondent Banking Crisis

Government Relations and Public Policy Executive at Jamaica National, Oneika Miller, says the company is taking measures to minimize the impact of de-risking on...

Rainforest Creating Over 100 Jobs Through US$10m Investment

Rainforest Seafoods Limited is to invest some USD$10-million in an expansion project at their Montego Bay plant, and will soon launch new plant in St. Vincent and the...

Lasco Group Reports 9% Decrease Q1 Profits

Lascelles Chin’s Lasco Group of Companies has reported a joint net profit of $457.1-million for the first quarter ended June 30. According to the company financials,...

Trinidad Cement Reports 6% Rise in Q2 Revenue

Wilfred Espinet’s Trinidad Cement Limited has reported a 6-percent jump in revenue for the second quarter of the year 2016 compared to the first quarter of the year....

JSEG Registers 113% Rise in Net Profits

The Jamaica Stock Exchange Group (JSEG) has reported a 113-percent jump in net profits for the second quarter ended June 30, 2016. According to the company’s financial...

WI Petroleum Acquires JB Energy Facility

The JMMB Group Capital Market has successfully placed a placed a $750-million preference share offer on behalf of local bunker fuel supplier, West Indies Petroleum...

Dupont & Dow Chemical Shareholders Approve Merger

Shareholders of Dupont and Dow Chemical have approved the merger of the two companies in an all stock deal valued at about $62-billion. It comes as both companies...

Radio Jamaica Records $225m Net Loss

Lester Spaulding’s Radio Jamaica has reported a net loss of $225-million for the year ended March 31, 2016 compared to the net profit of $113-million it recorded for...

Holness Reiterates Commitment to Promoting Small Business

Prime Minister Andrew Holness has reiterated his support for the growth of the private sector, specifically entrepreneurs in the small business sector. Speaking at...