Business Investments

Kier To Exit Caribbean Business. Cites ‘Portfolio Simplification’

Construction firm Kier will take a £73m hit in its full-year results after taking the decision to close its Hong Kong and Caribbean businesses, it revealed late June 2017.

The firm is set to close its Caribbean business following the agreement of a final account with an unnamed client on what Kier called “a challenging project”, which is expected to complete “within the next three months”.

In total, the closure of the Caribbean business will have cost Kier £79m, including £23m last year and £56m this year.

Kier said that the moves to close the businesses fit into a wider programme of “portfolio simplification” that it has undertaken since the middle of 2015. This has resulted in it concentrating more on its regional building, infrastructure and housing projects.

Source: Telegraph

Business Investments

Remember The Voice Backlash? Watch This Video As Digicel And TVJ Proudly Annouce Bringing It To Local TV!

TVJ Announces Rights To The Voice - Live on TVJ

Inundated with calls from all over about whether Jamaicans could participate and support their own Jamaican sister, Tessanne Chin, Digicel quickly sprang into action, rolled up its sleeves and flexed its muscle to see what it could do to help Jamaicans participate. Continue Reading

Business Investments, Sports, Entertainment, Culture

US$500,000 Investment To Transfrom Skateland Half-Way Tree By Rainforest Seafoods

Talk about big business! Fish Pot restaurant, a wholly owned subsidiary of Rainforest Seafoods, has rented property in the heart of Half-Way Tree formerly known as Skateland for its second seafood-oriented quick-service eatery. Continue Reading

Business Investments, Business Strategy, News Ticker

Coconut Water Energy Drink?! Guyana May Be On To Something.

Yes it’s true. Foreign investors are checking out the possibility of importing coconut water from Guyana into the United States as part of what could be a new energy drink. Continue Reading

Business Investments, News Ticker

Carib Cement Lands Small Venezuelan Deal. But Hopes To Build On It

While it is being described as a small deal, I’m sure Caribbean Cement Company (CCC) is happy that they have finally landed a deal to supply Venezuela with 200,000 tonnes of clinker over the next 12 months. Continue Reading

Business Investments, News Ticker

Imax To Expand In Caribbean! Won’t Be Cheap Though

Imax Theatre Photo by Thomas Hawk

Hopefully soon, there will be more Imax theatres in the Caribbean! And yes, that’s great news! Not to knock our beloved cinemas which already exist in our various Caribbean territories, but, now, we can definitely look forward to an undeniably high quality movie-watching experience. All this information was disclosed at a recent forum held at the University of the West Indies, Arthur Lok Jack Graduate School of Business (Lok Jack GSB) on July 25, 2013. Continue Reading

Business Investments, Business Strategy

Domino’s Jamaica Open 12th Pizza Store Downtown Kingston

On Wednesday, Wisynco Foods Limited, the franchise holder for Domino’s in Jamaica, opened its 12th pizza store and first for downtown Kingston.

The store, which employs 15, is being used as testing ground for a new concept referred to as ‘Pizza Theatre’, which allows customers a cinematic view of the food preparation process. Continue Reading

Business Investments, Business Strategy, News Ticker

VM Wealth, BCW Collaborate To Raise US$7.5m To Help Hispanics

AP Capital Partners, a United States-based private equity firm, has named Victoria Mutual Wealth Management Limited as arranger for a deal to raise US$7.5 million from Jamaican investors.

The funds will be used to invest in the expansion of New Futuro, a private business headquartered in Chicago, which operates a social networking website targeting young people in the Hispanic community in the United States.

BCW Capital is collaborating with VM Wealth to raise the funds

Business Investments, Business Strategy, News Ticker