Victoria Mutual Building Society (VMBS) will float little over 300 million shares or 20 per cent of equity in its subsidiary, Victoria Mutual Investments Ltd on the Jamaica Stock Exchange main market. The company hopes to raise just under $700 million. VMBS which is working to become a stronger integrated

The Government yesterday tabled supplementary estimates boosting spending this financial year by approximately $90 billion. The additional spending has pushed the 2017/18 estimates of expenditures from $716 billion to $805 billion, with capital expenditure moving up by approximately $69 billion and recurrent or housekeeping expenditure increasing by $21.6 billion One

Assistant Commissioner of Police and Head of CTOC, Fitz Bailey (left) addressing members of the media during a press conference at CTOC offices in Kingston yesterday. Looking on are Clifton Green (center) detective inspector and Patrick Samuels, deputy superintendent of police. The police are claiming a massive breakthrough into

Sagicor Bank Jamaica has appointed Chorvelle Johnson as its new chief executive officer, effective January 29, 2018. Johnson has served in the financial services sector, holding senior management positions over the past 20 years, including First Global and most recently at Proven Wealth and Proven Fund Managers. Christopher Zacca, President and

The Insurance Association of Jamaica (IAJ) in collaboration with the Jamaica Medical Foundation (JMF) the outreach arm of the Insurance Industry specialising in medical matters staged a Health Fair on the grounds of the Kingston Public Hospital (KPH) on Saturday December 2. This Health Fair

Hawthorne, who migrated to the United States in 1981, shot and killed himself at his New York office on Saturday. Jamaica-born American businessman Lowell Hawthorne lived a story of achievement over adversity in the establishment and growth of his restaurant chain, Golden Krust Caribbean Bakery and Grill. Hawthorne, who migrated

The remains of a store after Hurricane Harvey ripped through Rockport, Texas, in September. What impact will the 2017 Atlantic hurricane season have on the cost of property insurance in Jamaica and the rest of the Caribbean in 2018? The season officially ended on November 30. Also, many companies and

Wisynco Group Limited plans to offer 20 per cent of the company to investors in an initial public offering that is structured to raise $6.1 billion in total as financing for expansion of its manufacturing capacity and acquisitions. The general public will get to take up 12.5 per cent of

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