Category: Business

Heineken Begins D&G Shareholder Payouts

Heineken has begun making payments to stakeholders of local brewery Desnoes and Geddes (D&G) who have accepted its takeover offer. According to the deal broker, NCB...

IDB and JBDC Sign Agreement to Improve Business Viability

The Inter-American Development Bank (IDB) and the Jamaica Business Development Corporation (JBDC) have signed a $150,000 agreement to test the viability of an innovative...

Carreras Shareholders to Receive Interim Dividend

Carreras Limited’s shareholders are set to benefit from an interim dividend to be paid out of the company’s accumulated profits next month. The Board of...

Marley Natural Opens in NY

Bob Marley inspired Marley Natural opened in New York last week amid concerns that the branding of the product could have negative connotations in Jamaica. The brand...

Argyle Bids for Hardware & Lumber

An offer has been made by Argyle Industries to purchase the remaining stocks of Hardware and Lumber Limited. The takeover bid, which was made last Friday, follows...

Focus on the Issues! – JMA Warns Campaigners

The Jamaica Manufacturer’s Association (JMA) has made the call for politicians to focus on issues that will assist in driving the country forward ahead of the February...

Lee Chin Concerned about Economic Confidence

Chairman of the National Commercial Bank Michael Lee Chin has expressed concern about the level of confidence local investors have in the Jamaican economy. Addressing...

Cargo Handlers Register 6.3% Bump in Profits

Cargo Handlers has reported a 6.3-percent jump in profits for the financial year ended in September, when compared to the same period last year. According to the...

Hedging Oil was a Good Idea – PSOJ

The Private Sector Organization of Jamaica, PSOJ, says the government’s decision to hedge oil prices last year was a good one. This despite concerns that the...

NCB Posts $2.4bn Q4 Profits for 2015

The National Commercial bank has reported a net profit of $2.4-billion for its quarter ended in December. According to the company’s latest unaudited financial...