Wednesday | March 4, 2015

Business

Supreme Ventures Limited (SVL) has taken on a new business partner, which will manage what the company refers to as its new 'route gaming system' now being tested in select locations.Under a US$5 million partnership with local company, ICE Jamaica...

GraceKennedy Limited has racked up a new record year for revenues, but large expenses linked to inventory and other costs of doing business, plus a larger salary bill, have squeezed the conglomerate's profit margins.For 2014, GraceKennedy reported...

Proven Investments Limited has sold the loan portfolio of its hire purchase subsidiary, Asset Management Company Limited, to Access Financial Services for $500 million, a move aimed at consolidating the operations of both companies, says Proven's...

The last time the Nasdaq was this high, Bill Clinton was president, your internet was probably still dial-up, Microsoft dominated the tech world and the iPod, iPhone and iPad did not exist.

A new, streamlined land divestment policy was tabled in Parliament last month that aims to speed up privatisations for development purposes but also to deter speculation.The properties involved include some 35,000 parcels of landing ranging in size...

Local skin and hair-care company, Ettenio, is boosting production ahead of a push into exports to the Caribbean to tap a growing demand for herbal and natural products in the Caribbean.Launched in 2012, Ettenio, which plays on the name of its...

Jamaica imported fresh flowers valued at US$407,361 from Colombia for the period January to November 2014, and that country's trade promotion agency is aiming to gin up even more business.Carlos Gonzalez, the director for the Caribbean at...

GraceKennedy USA LLC has struck a deal with American company AriZona Beverages USA, to distribute its Grace line of beverages.The partnership will expand the Grace line into convenience stores, restaurants and bars across New York and New Jersey,...

QUESTION: While on my way to Kingston on January 8 to service my vehicle, I was attacked. An object was thrown into the windscreen of my car. The windscreen shattered. I panicked and crashed the vehicle into a small wall. Unable to move, I came out...

As commercial bank deposit rates for relatively small sums struggle to beat one per cent per annum, money market unit trusts are presenting themselves as a better option.The above table illustrates the 12-month growth rate, calculated on a...
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