Category: Business

Concerns Over Plans to Raise Minimum Wage

President of the Business Process Industry Association of Jamaica (BPIAJ), Yoni Epstein has expressed concern regarding the plans by the Jamaica Labour Party to increase...

Derrimon Trading Registers $89m Profit

Derrick Cotterell’s Derrimon Trading has seen reported $88.78-million in profit for the financial year ended December 31. This is a $36.5-million dollar improvement...

Mayberry Registers 80% Fall in Net Profits

Mayberry Investments has experienced an 80 per cent fall in its Net Profits for the fiscal year ended last December when compared to 2014. According to the company’s...

First Citizens Clears US$175m Debt

Trinidad and Tobago’s state bank First Citizens has ended its relationship with international investment firm, Moody’s Investor Services. This follows last week’s...

Appleton Rebranded

Appleton Estate has been re-branded to reflect what J Wray & Nephew says is its ‘new premium global position’. The new packaging on bottles such as Appleton...

Panama Canal Expansion set for May 31 Completion

The long awaited expansion of the Panama Canal is expected to be completed by May 31 of this year. Vice President of Engineering and Programme Management for the...

BK Boss Expects Growth Regardless of Election Result

Group CEO of Restaurant Associates, the owners of Burger King and Popeyes in Jamaica, Richard Lake says he expects the country to continue its growth trajectory...

Samsung Launches Galaxy S7 & S7 Edge

Electronics giant Samsung has launched its Samsung Galaxy 7 series a month ahead of similar launch plans by its major competitor Apple. Speaking at yesterday’s Samsung...

BOJ to Open Election Morning

The Bank of Jamaica says it will be open for business from 8:30 to 11:30am on election day, February 25. The Central Bank says in that regard, a weighted average...

Net Remittances Up

The Bank of Jamaica, BOJ, says net remittances for October last year came in at USD$171-million, an increase of $11-million over October in 2014. One hundred and...