Category: Business

GraceKennedy Divests H&L Shares

GraceKennedy Limited has announced that it has divested its more than 58 per cent shares in Hardware and Lumber, H and L. The local supplier of hardware products, Rapid...

Gas Prices Down

Petrol prices are set to decrease at the pumps this week. Petrojam says the price of 87 and 90 octane gasoline has decreased by $1.72 per litre. The price of Automotive...

‘Stop Worrying About the Dollar’ – Chung

The Chief Executive Officer of the Private Sector Organization of Jamaica, PSOJ, Dennis Chung, says Jamaicans should stop fretting about the depreciation in the value of...

Heineken Completes Diageo Deal

British based drinks company Diageo has completed the sale of Jamaican lager Red Stripe to Heineken for USD$781-million. The deal, which was announced in October, will...

JDX Bondholders to Reap Rewards in February

Health Minister, Horace Dalley says Jamaicans who participated in the National Debt Exchange, NDX in 2013 will soon see the fruits of their sacrifice. The government...

JGRA Wants New Licensing Regime

The Jamaica Gasolene Retailers Association, JGRA, is calling on the government to implement a licensing regime for multinational petroleum marketing companies doing...

Gas Prices Up

Petrol prices are set to fall at the pumps this week. Petrojam says the price of 87 and 90 octane gasoline has increased by $0.05 per litre. The price of Automotive...

Exports Down 7% for 2015

A report published this week by the Inter-American Development Bank, IDB, says Jamaica’s exports to the rest of the world fell by 7-percent in 2015, compared to...

Digicel Acquires Paymaster

The Digicel Group say it has acquired a majority interest in Paymaster, the premier payments company in Jamaica. The deal has been sealed for an undisclosed sum....

EPOC Welcomes Q3 Growth

Co-chairman of the Economic Programme Oversight Committee, EPOC, Richard Byles, says the economy grew by 1.5-percent in the third quarter of this year, relative to the...