JMMB Group has reaffirmed its commitment to lowering the cost of doing business through sustained operational efficiency initiatives. The Group’s leadership, led by Chief Financial Officer (CFO) Patrick Ellis, outlined steps being taken to align expenses with revenue growth while maintaining scalability and profitability across its regional operations. Key Details During the company’s Annual General Meeting on October 10, 2025 , CFO Patrick Ellis announced that JMMB Group is working to improve its operational efficiency ratio, with a long-term target of 65–70 percent . “Our expense side, operational efficiency, and that is, as we said, part of our strategic objective… we try to ensure that our revenue grows faster than our expenses,” Ellis told shareholders. “Our operating efficiency ratio is not where we want it to be long-term. We want it to be in the 70s to 65 per cent.” He noted that although staff costs fell by two percent , other key expense areas such as insurance, d...

  Wisynco Group Limited has entered into a major strategic partnership with Select Brands Limited through the acquisition of Ringtail Bottlers Limited, the manufacturing arm behind the popular Stone’s Ginger Wine. As part of the agreement, Wisynco will also take a 30 percent stake in Ringtail Holdings, the parent company of Select Brands, while assuming responsibility for the production of Stone’s Ginger Wine and other beverage brands locally and internationally. Key Details The partnership was officially announced on Monday, August 25, at the AC Marriott Hotel in New Kingston. Wisynco’s role: The company will now handle the production of Stone’s Ginger Wine for Jamaica, the wider Caribbean, and the United States. It will also oversee production of Ringtail Bottlers’ additional portfolio, which includes Irie Moss, Prestige Liqueurs, Bandolero, and Privateer. Select Brands’ role: The distributor will retain ownership of the brands and continue marketing and distribution, f...

Blue Power Group Limited has appointed Tara Goulbourne as Chief Commercial Officer, effective October 13, 2025. The move reflects the company’s focus on commercial growth, brand expansion, and operational efficiency , following its recent recognition at the JMEA Awards . Key Details The appointment positions Goulbourne to lead Blue Power’s commercial strategy, enhancing the company’s market presence and driving sustainable growth in regional manufacturing. Jeffrey Hall , Chairman of Blue Power Group, commented: “Tara brings a wealth of experience, vision, and executional strength to Blue Power. Her leadership will sharpen our commercial strategy and drive sustainable growth as we continue to strengthen Jamaica’s position in regional manufacturing.” Goulbourne has more than a decade of leadership experience across manufacturing, financial services, and consumer goods . She previously served as a consultant to Blue Power, overseeing portfolio strategy, brand development, and inno...

  As Jamaica experiences record employment levels and rising optimism among businesses and consumers, concerns are mounting over a growing skills shortage that could undermine the country’s progress. This “confidence dilemma” will be the central theme at the third-quarter release of the GK Capital Management (GK Capital)/Jamaica Chamber of Commerce (JCC) Business and Consumer Confidence Indices on October 28. Key Details The event will convene prominent leaders from business, academia, and workforce development to discuss strategies for aligning Jamaica’s talent pool with the evolving needs of its economy. Scheduled speakers include: Dr Kevin Brown , President of the University of Technology (UTech) Dr Taneisha Ingleton , Managing Director of HEART/NSTA Trust Steven Whittingham , CEO of GraceKennedy Financial Group and Chairman of the Jamaica Stock Exchange They will join Emile Leiba , President of the Jamaica Chamber of Commerce and Managing Director of DunnCox, and ...

VM Financial Group (VMFG) has achieved an investment-grade credit rating from Caribbean Information and Credit Rating Services Limited (CariCRIS), marking a major milestone in its evolution as a leading regional financial institution. The recognition underscores VMFG’s strong financial health, prudent governance, and strategic growth initiatives across Jamaica and the wider Caribbean. Key Details CariCRIS assigned VM Financial Group the following ratings: National Scale (Local Currency): jmA National Scale (Foreign Currency): jmA- Regional Scale (Local Currency): CariBBB+ Regional Scale (Foreign Currency): CariBBB These designations represent VMFG’s solid credit quality within Jamaica and adequate creditworthiness at the regional level. The “stable” outlook attached to the rating signals CariCRIS’s confidence in the Group’s ability to maintain performance over the medium term. CariCRIS highlighted VMFG’s strong capital adequacy , liquidity position , diversified...