Energy company sold for US$92.5m
Conduit Capital Partners LLC, a New York-based private- equity fund invested in regional power generation, has sold off its Jamaican assets for US$92.5 million to a Dominican Republic entity. The buyer of Jamaica Energy Partners (JEP) was said to be Basic Energy...
Wisynco acquires Wendy's franchise - To expand Domino's Pizza, build out restaurant operations
The Mahfoods' Wisynco Group Limited has bought out local Wendy's franchise operator, Wendico Jamaica, from Paul Issa, who introduced the brand locally in 1999. Wendy's is a miniature operation on Jamaica's fast food landscape with only two outlets in Kingston, but William Mahfood...
Sandals backs down from energy surcharge - Other hotels say no to implementation
Jamaica's big hotels will not be implementing the US$10 room surcharge proposed by the Jamaica Hotel and Tourist Association (JHTA), Wednesday Business checks have revealed.JHTA president Wayne Cummings and manager of a Sandals Resort property in Negril, was unable to say...
FirstCaribbean International Bank Jamaica Limited (FCIBJ) makes bigger profit, but won't share it - Funds to be pumped back into bank
Driven by strong loan growth and a billion dollar increase in revenues, FirstCaribbean International Bank Jamaica Limited (FCIBJ) ended its financial year with bigger profits on operations and at the bottomline, as well as a substantially stronger ...
COK in Mandeville
COK Cooperative Credit Union has opened a branch in Mandeville, continuing its transformation into a national rather than Kingston-focused institution."We had within the Manchester and St.Elizabeth belt over 5,000 members begging us to come into a central location...
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