Category: Business

Lasco Distributors Reports 28% Rise in Net After Tax Profits

Deputy Executive Chairman and Managing Director for Lasco Distributors, Peter Chin is reporting that net profits after tax were up 28 percent. Net profit came in at...

Caricel Acquired by South African Company

Telecommunications firm, Caricel, has announced that it’s been acquired by a South African company, Involution Limited. In a statement to the media today, Caricel...

Central Bank Warns Local Bitcoin Users

Jamaica’s Central Bank has issued a warning to local users of virtual currencies such as Bitcoin. In a statement today, the Bank of Jamaica, BOJ, says it’s...

Barita Investments Posts Before Tax Profits of Over $330m

Founder and Chairman of Barita Investments Limited, Rita Humphries-Lewin, is reporting for the financial year ending September 30, 2017 the company posted profit before...

Government Surpasses 2018 Tax Collections

Tax Administration Jamaica, TAJ, says it’s again surpassed the year to date collections target for the 2017/18 fiscal year. In a statement on Friday, the TAJ says...

Unemployment at its Lowest in a Decade

Unemployment in Jamaica has fallen to its lowest level in ten years. That’s the word from the Statistical Institute of Jamaica, STATIN. STATIN also says youth...

JMB Significantly Reducing Non-Performing Loan Portfolio

The Jamaica Mortgage Bank (JMB) is working to reduce its stock of non-performing loans which made up between 68 and 28-percent of its total portfolio between 2010 and...

Growth in Tea Exports Surpass Planned Levels

Jamaican Teas Limited, the manufacturer of the Tetley and Caribbean Dreams branded teas, is reporting that tea exports have continued to grow since the financial year...

Salada Foods Registers 14% Increase in Revenues

Chairman of Salada Foods, Patrick Williams is describing the 2017 fiscal year as a relatively good one for the company. This, as they achieved several key strategic and...

Is Jamaica Lacking the Right Mindset For Growth?

Executive Director of the Economic Growth Council, EGC, Senator Aubyn Hill, is calling on all Jamaicans to adopt a mindset that inspires economic growth. He says the...