Category: Business

Hill: ‘No Panic’ As Dollar Takes Fastest Depreciation Since 2013

Government Senator, Aubyn Hill, is dismissing comments made by Dr. Phillips that the recent accelerated depreciation of the Jamaican dollar is an indication of declining...

Dolphin Cove Reports 39% Q1 Net Profit

Dolphin Cove Limited has reported a 39-percent increase in its net profit for the first quarter of 2016 when compared to the same period last year. According to the...

EX-IM Bank Committed to Growth

Managing Director of the National Export-Import Bank of Jamaica, EXIM Bank, Lisa Bell, has pledged the entity’s continued commitment to stimulating growth and...

Honey Bun Registers 61% Increase in Q2 Net Profits

Michelle Chong’s Honey Bun Limited has reported a 61-percent increase in net profits for the second quarter of the 2015-2016 financial year compared to the same period...

Cassava to Become Cost-Effective for D&G by 2019

Managing Director of Desnoes and Geddes (D&G), Ricardo Nuncio says the use of Cassava in the company’s brewing process will become cost effective by the end of...

New Telecoms Provider Approved

Finance Minister Audley Shaw says a new telecom’s license has been provided to yet to be named provider. Minister Shaw gave the update at yesterday’s sitting...

Jetcon Registers Strong After Tax Profits in March

John Jackson’s Jetcon Limited has reported a strong increase in its sales and profit after tax since the company listed on the Junior Market of the Jamaica Stock...

Magna Motors Opens New Hyundai Showroom

Magna Motors Dealership Limited last night launched their new Hyundai showroom on Old Hope Road in Kingston. According to Magna’s Managing Director, Juan Vargas, the...

Montego Cold Storage Investors Reap Dividends

Shareholders in Montego Cold Storage Limited collected $60-million in dividend payments at year end December 2015. On December 2, 2015, the board of directors of Montego...

Remittances Highest in Latin America & Caribbean – World Bank Report

Latin America and the Caribbean recorded the highest increase in remittances in 2015. That’s according to the World Bank’s latest edition of the Migration and...