Loshusans selling a piece of Sovereign - Investing in new grocery business - Progressive group developing commercial complex
Owners of the Sovereign Manor Park supermarket are negotiating the sale of the business as a going concern, freeing the Loshusan brothers who own it to pursue separate ventures, one of which is the transformation of a massive property on Washington...
INTRALOT acquires 80m shares in SVL
INTRALOT, a Greek company that Supreme Ventures Limited has taken on as partner in a sports betting deal, has acquired 80 million SVL shares or just a smidgen above three per cent of the gaming and lottery company's equity...
Supreme Ventures sued over debt repayment
Supreme Ventures Limited (SVL) has been sued by an international company that SVL transacted business with before it went public three years ago. Epsilon Global Equities Limited, an international company, is claiming that Supreme Ventures and its...
Robert Drummond in command - FGFS restructures in search of larger market share
The new man at the head of First Global Financial Services, Robert Drummond has set his sights on staking out a bigger market share of the wealth management pie, signalling major changes in the operations of the financial services division of the GraceKennedy conglomerate...
Operation fit vehicle - Island Traffic targets unfit cars, rotten officers
Seven months in the job as head of the Island Traffic Authority (ITA), Paul Clemetson has grown eightfold the number of vehicle fitness certifications issued monthly, from 500 to 4,000, but those numbers still capture only a tenth of the autos that populate Jamaica's road ...
Guyana expels sugar managers
Guyana is expelling managers of its sugar industry in hopes of boosting production. Agriculture Minister Robert Persaud says the South American country is ending a 19-year contract with Britain-based Booker Tate. The government blames strikes and poor...
Obama's 2009 tasks - should we compare to Golding?
In the preface to the 2004 edition to his 1995 book Dreams from my Father, United States president-elect Barack Obama spoke of himself as being "without organisational backing or personal wealth, a black man with a funny name, I was considered a long...
New Freeport, Pegasus directors
Montego Freeport Limited, a tourism and property related company, has announced changes to its board of directors. Effective November 2008, Homer Davis, Angus Gordon and Shalman Scott have resigned their seats, and have been replaced by Michael Subratie...
JMMB planning to close insurance business
As more businesses are forced to rewrite their corporate plans, and no bottom in sight for the economic downturn, the Financial Gleaner has learnt that one leading investment retailer, Jamaica Money Market Brokers (JMMB), will be pulling down the shutters...
Jamaica, Colombia make headway on oil survey pact - Details of data collection, licensing to be finalised
Jamaica and Columbia are also moving forward on plans to develop a 'joint regime' of marine territory covering 52,000 square kilometres to be explored for oil and natural gas. The agreement was signed more than a month ago for acquisition of geophysical...