Business

Wisynco saw a 32 percent boost in profits over previous year

Manufacturing and distribution giant, Wisynco Group Limited (WISYNCO) is currently swimming in a surplus of cash due to a boost in demand and increased business activity. The company saw an increase in revenue which amounts to approximately $4...

Michael Lee-Chin ditches major agriculture project for a more lucrative real estate option

NCB chairman, Michael Lee-Chin is ditching the once ambitious agricultural project which was to be undertaken in Innswood Village, St. Catherine. Over two years ago Mr. Lee-Chin and other investors sketched out a plan to turn the 3,000 acres...

Astronomical Holdings led by Able-don Foote is looking to purchase a stake in iCreate

Astronomical partners are looking to acquire a piece of iCreate Limited. iCreate limited is a skills training organization, it helps in filling in the gap as it relates to digital skills training. So far it seems as if the...

Sagicor is on the verge of Acquiring Canadian insurance firm Ivari

Sagicor Financial Company Limited (SFC) is entering the Canadian protection market in the wake of going into a conclusive consent to obtain center market individual life back up plan Ivari in an exchange esteemed at CA$325 million (US$251.27 million)...

NCB looking to raise USD $300 million on the international market

National Commercial Bank Jamaica (NCBJ), plans to bring US$300 million up in new obligations on the global market, to be gotten by future receipts from two worldwide card organizations. NCBJ has used the financing structure for a long time, bringing...

Sagicor completes AIML deal

Sagicor Group Jamaica declared for the current week that it has finished the acquisition of the securities dealer book of Alliance Investment Management Limited, AIML, by its auxiliary Sagicor Investments Jamaica Limited. Sagicor let it be known in a media...

Sagicor X Fund outperforms last year’s numbers

The Sagicor real estate and hospitality venture vehicle Sagicor Real Estate X Fund Limited is revealing better monetary execution from January to June, with a net benefit of $110 million, a circle back from its more than $47-million deficit...

One on One raised more than $3 billion in IPO

Education technology company One on One has raised more than $3 billion from over 15,000 applicants who are intrigued and excited over the potential of the company. Founder and CEO Ricardo Allen is probably pleased with the outcome which...

FosRich expands amid a profitable first half of 2022

FosRich Company Limited (FOSRICH) had an excellent first half of this year, 2022. Net profit grew 160 percent to $298 million from a revenue stream of $1.8 billion. The key drivers for growth came from the solar business, LED,...

Blue Valley Foods: Steadily Growing Into A Household Jamaican Name

Michael Kerr, Founder and Managing Director of Blue Valley Foods is another entrepreneur steadily creating a household brand in Jamaica. Blue Valley Foods is a banana chips manufacturing company that was registered in July 2020. Given the time that he...
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Twitter Rebrands to ‘X’

In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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