Category: Business

Lasco Financial Preparing for Expansion

Lasco Financial Services, LFS, is to focus on pursuing expansionary activities as a strategy to achieving growth in the 2016 Financial Year. According to Managing...

Fitch Endorses Budget; Maintains B Rating

Credit ratings agency, Fitch, is endorsing Jamaica’s 2016/17 budget. Fitch says under the new budget, fiscal policy remains broadly unchanged following...

Labour Force Quality Improves

The quality of Jamaica’s labour force is improving. Deputy Director General of the Planning Institute of Jamaica, PIOJ, Richard Lumsden says more Jamaicans now...

Remittances Up USD$69m

Jamaica recorded its sixth-consecutive year of increased remittances since the global financial and economic crisis in 2009. That’s according to the latest data...

JSX Ltd to Launch IPO

Michael Lee-Chin led Portland JSX Limited is to launch its Initial Public Offering (IPO) on June 8 and close on June 22. According to a release from Lead Broker VM...

PJAM Shares Sub-Divided

Effective close of business today, Pan-Jamaican Investment Trust Limited, (PJAM) ordinary shares in the capital of the company will be subdivided in 5 ordinary shares...

H&L Reports 25% Dip in 2015 Net Profits

Hardware and Lumber has reported a 24.7% decrease in net profits for the 2015 financial year compared to the end of 2014. According to the report to shareholders, profit...

Honey Bun Shareholders Approve Increasing Shares

Shareholders of Honey Bun Limited yesterday gave the company permission to increase its authorised capital from $97.5-million shares to 487.5-million shares of no par...

Petrol Prices Up

Motorists will have to pay more at the pumps this morning, as petrol are set to increase. Petrojam says the price of 87 and 90 octane gasoline has increased by $1.92 per...

Sagicor Aiming for Double Digit Growth

President and CEO of Sagicor Group Jamaica Richard Byles has indicated that one of the major goals for his company in the coming years is delivering double digit...