Finance

Johnston Development kicks off operations with residential development project

Johnston Development Group spearheaded by entrepreneur Jamila Johnston is taking charge of its first project. It is a $1.2 billion residential development in Kingston called Cardinal Residence. The project spans 1.5 acres, it will contain 36 studios, and 12...

ISP Finance Services is looking to raise J$570 million through the issuance of bonds

ISP Finance Services Limited (ISP) reports that they are looking to raise J$570 million through the issuance of bonds. These types of bonds are fixed and variable rate senior secured investment bonds to investors. The offer for these bonds started...

FirstRock seeing success in share buy-back initiative

FirstRock Real Estate Investments (FIRSTROCKJMD) has been experiencing a smooth process in its share buy-back initiative which it initiated last month. During the period between September 28 to 29, they purchased $300,000 USD and $100,000 JMD worth of shares, under...

PayPal’s plan to “legally” steal money from customers accounts for “misinformation” falls flat

Over the last couple of days, payment giant PayPal has come under immense pressure from customers who are definitely angry with the company’s recent financial adventurism to “take money” from customers’ accounts if they are accused of spreading misinformation....

AS Bryden & Sons is set to go public this year

Seprod Group's recent subsidiary, AS Bryden & Sons, is set to go public later this year on the Jamaica Stock Exchange (JSE) leaving Seprod Group (SEP) to benefit greatly from such a development. Seprod acquired a majority stake in...

Binance suffers major hack totaling $570 million

Binance, the world's greatest cryptographic money trade, affirmed on Friday that $570 million had been taken in a hack of a blockchain it runs that fills in as a scaffold for resource moves between networks. The assault on the...

Delta Capital acquires Massy’s credit card portfolio

Delta Captial Group (Delta) will be taking over the credit card portion of Massy Barbados Limited. This deal has been in the works for some time and things are going in the right direction, especially given the fact that...

Sagicor quietly sold off all shares in its subsidiary X Fund

Sagicor Group Jamaica Ltd is winding down its operations in Sagicor Real Estate X Fund Ltd (XFUND) as they seek out more profitable ventures. X Fund, which once controlled various lodgings, presently possesses a single hospitality property - The DoubleTree...

ICD Group: A Family Affair

Founded in 1962, ICD Group Holdings Ltd is a private equity investment company focused on value creation. It was founded by the seven sons and four daughters of Joseph and Florizel Matalon. ICD Group, short for Industrial Commercial Development Group of Companies is...

CEO of Access Financial reiterates it is not for sale

Over the last month, rumors had been swirling around that Dolla Financial sent a takeover bid to Access Financial board members. If that deal was to go through Dolla Financial would be in a good position to further solidify...
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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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