It's so sad that so many of our local brands were so poorly run that they had to be sold.

@curtd5153

Жыл бұрын

The more important factor is, many of the new businesses are not Jamaican-owned and financed which will result in most of the money flowing out of the country, instead of in.

@MiguelLopez-kg3sd

Жыл бұрын

We have the same problem in Puerto Rico airport telephone Electric company and more port’s are next we are getting Robbed

@kattahb4103

Жыл бұрын

Better sold than sorry!

@Diamond-sf5dk

Жыл бұрын

Its sad n shameful that no millionaires in Jamaica took over the company to carry on the Jamaica trade names products. But made the outsiders easily come in, hmmmm, so we don't have anything to our name. It comes like there will soon be No Jamaica coz the Chinese man has his hand deeply in beaded. In Jamaica, governments from way back when to date is just interested in their own pockets n not tht of the legacy of Jamaica identity, so to speak....🤔

@curtd5153

Жыл бұрын

@@Diamond-sf5dk No, its not. 'Cause they're business individuals and they make sound business decisions to benefit themselves, not for nostalgia. Essentially, if no other airline in the world wanted to pick up the $1B debt that Air Jamaica incurred, do you think Jamaican millionaires would have that kind of money and more importantly, be willing to do so? I hope you are joking and not being serious.

The pnp government..the absolute worst thing that happened to the Jamaican economy..the 1990s was the death knell of most companies..PJ and Omar, the worst of their kind

The only thing can take Jamaican 🇯🇲 out of poverty is a NEW EDUCATION PROGRAM to put Jamaican interest first.

@simonwinter8839

10 ай бұрын

Who is it that needs to be educated?

@Headonwriter

19 күн бұрын

Number of likes shows just how lost Jamaicans are on such importance.

@Headonwriter

19 күн бұрын

​@@simonwinter8839Make sure you're in class when it starts.

I grew up recognising these indigenous 🇯🇲Jamaican brands as part of our heritage. Sad to know we couldn't manage to maintain them as such, due to financial constraints 😔😢

@EliteJamaica

Жыл бұрын

Well put, thanks for watching

@boogsybrooks

Жыл бұрын

We gonna get them back one day

@E.Z.Walker3693

Жыл бұрын

That’s because we don’t support our own businesses, we are more known for drinking Heineken and now Heineken owns what we use to own.

@egreen2865

Жыл бұрын

​@@boogsybrooksin a yu dream Chinese a tek over.

Selling Wray and nephew and Carib cement was a disgrace

@simonwinter8839

10 ай бұрын

It doesn't seem so bad if you have a few shots of fun!!

@ip3283

2 ай бұрын

Wray and Nephew was a privately owned company. It’s salebhad nothing to do with he govt whether PNP or JLP. The majority shareholder in Wray and Nephew had neither chick child nor dog to leave the company to so he sold it to the highest bidder which was his right. What we need to do is blame the Jamaican bizniz men who did not want to buy the company.

Very informative Alexx. It's a real sell-out. I remember in the early days, I used Air Jamaica very often. I was so proud, I enjoyed the fashion shows, those beautiful women rocking the walkway in their beautiful uniforms and stiletto heels. 👠 The service was excellent. Excellent job, Alexx.

@EliteJamaica

Жыл бұрын

Thanks for watching

So true, there is nothing left in Jamaica to sell😢. They sell off everything so sad

@simonwinter8839

10 ай бұрын

Nuttin lef? Di devil a come fi buy wi soul !!

Elite Jamaica ,Keep up your good work much appreciated, Integrity is telling myself the truth, Honesty is telling the truth to other People , Jamaica Love UK Shout Out

D and G was a family owned company and after the older ones died out the young ones sold the company and living of the shears

It's striking how many individuals in the comments do not understand how the world works. I hear mentions of selling out our heritage, it should have been offered to Jamaicans first, and so on. Remember people, many of these businesses were not profitable and of course, many Jamaicans with money refused to purchase them. In addition, Air Jamaica/Caribbean Airlines was not a great deal for the T&T government who was left with the burden of picking up the checks for Air Jamaica's debt.

@EliteJamaica

Жыл бұрын

Actually true, thanks for watching

Blessings to you and your family Alex, always informative 🙏

@EliteJamaica

Жыл бұрын

Blessings to you and stay safe, thanks for watching

You're doing big things Elite! Thanks for this video.

On a serious note,we need to bring back air jamaica we the people can better manage the airline,just get the government and their cronies out.

@curtd5153

Жыл бұрын

Bring it back with what? Where's the money coming from? Do you think all of this recent development benefits Jamaica in the long run? Often, I listen to these comments from many Jamaicans that show very little understanding of how the world works. Remember, with foreign ownership, money flows out of the country not in. There might be little local employment for Jamaicans but the vast profits go out of the country.

@simonwinter8839

10 ай бұрын

​@@curtd5153 Wen mi pardner drop mi ago buy di plane dem !!

@barcaman1013

2 ай бұрын

Bring back what we don't own . You slow 😞

Thanks for the update very interesting. Good job.

Here in the Uk we don't own anything also, Rolls Royce , Cadbury chocolates, land rover, Bently , MG rover, all football stadiums , airports etc all foreign own

I'm very impressed by this video, it mirrors my own sentiments thank you. Air jamamaica should have never been sold.

@manovrsb

Жыл бұрын

What's the point , most foreigners take American Airlines and cheaper commercial flights to the country . Air Jamaica couldn't compete.

If the people don't careful the Chinese will buy we tooooooooo

Thanks for your information. We are thought of as black money. I can say they held up air Jamaica to put them in debt. The plan is to squeeze Jamaica in a position where they will need to accept any amount to pick up the ship of gold in the sea.

Correction bro, Heienken is is a Netherlands company, not English.

Good info🌴

@EliteJamaica

Жыл бұрын

Thanks for watching

Great video.

@EliteJamaica

Жыл бұрын

Thank you, and thanks for watching

Heineken is Dutch not British...

@EliteJamaica

Жыл бұрын

I will recheck, thank you

Good job

We concur.

Air Jamaica never had a crash and was an awesome airline! They should never have sold it. Same with J wray & Red Stripe!

Another good video Alex. No gonna lie, got my pencil out and took notes. Questions: Who owns the remaining 51% share in PetroJam? Also, is D & G still operating? Who's the owner? Have you done a Grace Kennedy video?

@EliteJamaica

Жыл бұрын

I have decided to do a part two because there are many more, also there are many companies that were bought by the Jamaican government.

@calligraphy4851

Жыл бұрын

Alex, looking forward to part 2. @Patricia 🤣😂🤣😂😂

@gareysloley586

Жыл бұрын

Petrojam is own 100% by jamaica gov Venezuela 51% was taken back they never had the money

May 27, 2011, Jamaica's Finance Minister Audley Shaw and his Trinidadian counterpart Winston Dookeran inked the final shareholding agreement. Symbolically, it marked the end of an era for Air Jamaica. Is this true or false?

@waynejackson169

7 ай бұрын

True story! This is one of the reasons that we should not solely rely on a non reliable source to get information.

Business is not personal. Every material thing that I own is for sale at the right price. I miss Air Jamaica but it was badly run over staff and some very rude employees. In the Free Market World that's the way it works.

Thank you for watching

Air Jamaica was sold under the JLP administration

Great video sir . Learnt a lot . Wonder when the Chinese will take over goat island? Might be JLP biggest sell out .

@GanGztaGriZZle9684

Жыл бұрын

98% of allz d companys sold was under pnp Dont 4get mutual life an finsac

@kattahb4103

Жыл бұрын

Go ahead...blame JLP for everything. Go check your facts and dates of these "sell outs" and come again!

Thanks for the informative video Alexx! dem agoh sell di ppl dem nexx. Lol! the

I think some of the reason were good while others were because of poor management and bad decisions

Thank you for this information. I heard that Pepsi own D&G, is that true?

Mr. Geddes sold out D&G after he kicked out his long time loyal but older lady friend for some young American girl who could be his granddaughter. That lady was the owner of 4 seasons and she was publicly humiliated by his actions as he packed up her stuff in a truck and had them sent over there in the broad daylight, totally taking her off guard. Sad

I think we are in a position now to get back our airline we have lower debt and better management of the country

Jamaicans should not complain about foreign ownership if they are not prepared buy these companies and keep possession. Some of these companies were taken from the brink of bankruptcy. Most often the foreigners develop more product lines and do more marketing. Innovation and imagination is key. We cannot just keep selling red stripe beer.

Very disappointed with the sales of all these companies. Jamaica own nothing.

@EliteJamaica

Жыл бұрын

Jamaica owns a lot, there are also companies that were bought by the Jamaican company, video coming soon

@--christine

Жыл бұрын

@@EliteJamaica Make it snappy Alex as my eyes sparkled with anticipation🤣🤣🤣

@EliteJamaica

Жыл бұрын

Lol will do

@raggaguru3432

Жыл бұрын

They were almost all privately held companies. Companies divest all the time…besides jamaican companies have now been buying companies all over the globe..proven is doing it, Facey group is doing it etc…the Jamaican economy is filling building steam

@kattahb4103

Жыл бұрын

​@@EliteJamaica Please! Im looking forward to this!

The bauxite companies changing hands!

We are living a global world. Do a video of Jamaica companies that brought other companies on other countries. You will be surprised

@EliteJamaica

Жыл бұрын

That video is coming

Sad so very sad.

Selling out the very fibre,the infrastructure, assets of a country leaves the citizens In poverty crime,ignorance, hopelessness, keep going at that pace Jamaica very soon you'll the country will be in the abyss No wonder why crime is out of control and people are fleeing Job well done

Understandable that a lot of Jamaicans, including myself, are really upset about some of this loss of culture. Appreciate some of the factual information but some of it is just not properly reported. Some timeliness are "off". Either way, the fact eemains that a lot of "sell-out" takes place over and over and over again, to this day.

They should sell Jamaica house and kings house

@badboydunie5603

Жыл бұрын

these dirty politician they love money they would even sell their mother

Didn’t know Jamaica is such a sellout, those responsible should be named and shame

I love this one if we not careful the Chinese will buy we tooooo so true might as well

Jamaica Public Service

Jamaica can hold on to their companies for long and its sad

You left out a big one sale of Jamaica Public Service Jps

I thought they got rid of air Jamaica because of the drug mule.not able to Enter the UK.

The government did not go through with the sale to Venezuela.

🙏🙏🙏🙏💯💯💯💯💯❤️🇯🇲🇯🇲🇯🇲

This combined with bad governance is why our gdp is stagnant......and will prolly decline

152 million USD. Terrible valuation.

It's called free market. Jamaicans to can but it

DEM go pay fi wah dem NUH niyam INNA Jamaica!

There is nothing left in Jamaica to sell. Awful!!!

Cannot maintain the beeches either, so they'll have to go. Watch out if you have a nice home and cannot keep it looking good.

Caribbean Cement was sold to Trinidad Company before it was sold to Cemex

Heineken is not British but Dutch

What about Geddess Grant

Air Jamaica had to go, or it would have been confiscated for………..

Jamaica manufacturing industries is being replaced by tourism , we don't build thing anymore - and now became hotel workers spreading bed and serving drinks to tourists

That's y I tell people make sure ur life is sort out.... Cause these guys gona, sell n enjoy there's.

Teefing PJ and Portia sell out everything!!!

You forgot to mention Jamaica flour mill.

So very sad Jamaica really doesn't own nothing anymore sad

Heineken's Dutch

That is why the white Rum taste like water ,I will never buy it again ,and it is so expensive .

Heineken is Dutch not British and they bought redstripe it wasn't locally owned it was owned by diageo

No wonder the rum taste so now. It don’t even taste like rum anymore. Mi bake mi rum/ black/ fruit cake every year and people fight over it. Last year that all changed, with the rum tasting like bay rum. Mi No know wey them a do, but we a water down our product and legacy .

What about the baxite

@EliteJamaica

Жыл бұрын

That's for another video, thanks for watching

@GanGztaGriZZle9684

Жыл бұрын

Since u tlkn bout bauxite , if u dont sell it wat u gonna do wid it ?

@simonwinter8839

10 ай бұрын

​@@GanGztaGriZZle9684Mi wi gi yuh one shilling a ton !!

What next will they sell

Please help me to understand. We sell off the 🇯🇲 cement company but now we need China to build our roads and bridges?🧐

@stefanpowell3346

Ай бұрын

What does one have to do with the other?

Why is it easier to sell out than to train Jamaicans to become competent managers of our own affairs? No pride.

So annoying they've taken everything of worth from us. Was it government behind these sales or what

@simonwinter8839

10 ай бұрын

Wouldn't be surprised if corruption was behind the sales.

Expect those buyer’s to change the ingredients that will harm sed Black buyer’s, folks better understand how the devil moves. This is actually disgraceful and i’m not going to sugarcoat, dem soon remove all blk people from dung deh.

So all these companies are actually being prosperous and successful off Jamaican ideas and endeavors. I am upset and angry 😡

Just a question I thought Heineken was owned by the Dutch 🤔 🇱🇨🇲🇸🇬🇧

So what we have left

@EliteJamaica

Жыл бұрын

I will let you know in the next video

@dy6682

Жыл бұрын

Hookers in New Kingston!

Mr. Alex, there is at least one error in your report. Air Jamaica agreement with Caribbean Airlines was done under the watchful eyes (or perhaps not) of Bruce Golding and Audley Shaw. Not from anyone of the previous administration as you're stated.

@raggaguru3432

Жыл бұрын

The airline was non existent by the time they came into power…the pnp began the divestment process long before..on a mother note..most Jamaican companies crumbled during the pnp’s tenure, just stating the facts..the 1990s was amongst the worst of times for jamaicas economy

@EliteJamaica

Жыл бұрын

This is absolutely true

@waynejackson1426

Жыл бұрын

@@raggaguru3432 I see your intent as well as Alex's. As I have stated 5 days earlier, the final documents were signed by mr Goding and mr Shaw. Whatever agreement that was made before could have easily been rejected before the final documents were signed. Keep in mind also, the Trinidad's side of the agreement was a last minute decision because the then prime minister did not like what she saw as the financial side of Air Jamaica was not promising. If you want to inject politics into the failure of Air Jamaica, be my guest. I was just stating the facts.

Dem sell fi cheap tho😢

We don't care a about our generations to come. THAT IS OUR BIGGEST RXXSS PROBLEM 🤬EVERYONE HAS SHORT RXXSS VISIONS IN JAMAICA

You forget JPS

@elitejamaica You have so many inaccuracies in your story especially with regards to Air Jamaica.

For the life of me, I don't get it .why sell? Lease the thing for a 100yrs if need be.Or sell shares to your own ppl. I wonder if we realize ppl can buy out a competitor just to shut them down. We keep selling even land as if we have more making. There are other islands you can't buy land. In fact up to the early 80's you could not buy, you would need to Lease up to 100yrs. Ja a operation like a cheap H...

@EliteJamaica

Жыл бұрын

That is true a country should not sell its sovereign lands, it should only be leased. Thanks for watching

@nexlevel_v3152

Жыл бұрын

@@EliteJamaica another thing some countries you can not operate at 100% you need to at least join with native to do business. That one way to keep you ppl equal with any outsiders. Look how all inclusive disadvantage local . And where the money go

Shame......

That's all the pnp sell out Jamaican

Some of the stories in this report are not true. More ever, we must realize that not all business willl last as long as we want. There are some that will do much better under new management as well as in joint operations. Does anyone who is reading this knows how many airlines that has gone bankrupt or the owners just decided to sell everything and move on in the past 20 years? Too many to mention on this forum but if you do some research you'll get the answer. Its even worse in the manufacturing industry including sales and investment. A few companies in Jamaica had their problems and we thonk that the world is coming to and end. Jamaicans, think outside the box and desist from blaming one set of politicians and not the other. Do some research and be aware of what s happening in the world.

You are wrong Bruce golden sold air Jamaica….Wray and nephew sold a few years back

@EliteJamaica

Жыл бұрын

Air Jamaica had to be sold after the PNP ran it into bankruptcy. Thank you for watching

@Saintybess

Жыл бұрын

​@@EliteJamaica Butch Stewart ran it into the ground

Smh

This is informative, but seen as a lost of respect for our country.

Where are the rich and powerful JAMAICAN why they never partner with each other sorry I forgot we not good at United together and again I see many people today saying THE PM JLP SOLD OUT THE COUNTRY

Do you think there were good reasons to sell these companies?

@876archives

Жыл бұрын

Noooo never a good idea! Soon we'll have nothing left. Solely relying on imports and we have no money to spend. Atleast we still have Blue Bomber Soap. Hope they don't sell out too.

@EliteJamaica

Жыл бұрын

I doubt if we even own that, I will look into it

@calligraphy4851

Жыл бұрын

​@@HummingbirdJasay it again, please.

@876archives

Жыл бұрын

@@EliteJamaica woaaahh, its that bad huh? Lol

@876archives

Жыл бұрын

@@HummingbirdJa hahahahahahahahahahahahahahahahaha

Any company that is run by jamaican and succeed over decades have to have ridged oversight . Jamaicans corruption in these entities stinks to the heavens

Why point out all those companies that got sold out, that it is sold under the PNP, are. Are you making a political statement?.

@EliteJamaica

Жыл бұрын

No this video is a part 1

@vilmabeckford1483

Жыл бұрын

Thanks Alex for this. It is sorrowful .

@NativeNomads10

Жыл бұрын

That's exactly what he's doing, and it's stupid because if he is bias due to his political affiliation, he's gonna lose a lot of subscribers. Attack the government and not a specific party. Jamaicans need to hold everyone accountable irregardless of party

@Wes20231

8 ай бұрын

​@@NativeNomads10curious if you could name those sold out to foreigners by the opposite party. If they did it was to Jamaicans to own shares as was the case when NCB shares were on the stock market by Mr Seaga and a lot of Jamaicans became small shareholders, Cement company in the time of Mr Seaga shares were sold to small people and the government printing office was divested by Mr Seaga to the workers to own and operate it. All of Jamaica made assets were sold under the PNP including close of the rail way plus the biggest traafwr of wealth from the poor happens under the PNP with financial meltdown when so many small businesses collapse because of the PNP economic policy of PJ Patterson and Omar Davis.The PNP is very bad at managing the economy but very very good at campaigns but they win they ruin the economy.The PNP has a dismal record of economic growth both in the 70s and 90s when they run the country. Oh the shame , it's too much to bear

I beleve that Holness gonna completely sell the whole Island and all Jamaican people become squatters.

@EliteJamaica

Жыл бұрын

The People's National Party are the ones that are known for selling, so far Andrew Holness has been the best prime minister of Jamaica so far, are you trying to deny the fact that the country's infrastructure is being upgraded and at a rapid pace. Anyway thanks for watching

@Jr-me2lz

Жыл бұрын

Pnp

@Jr-me2lz

Жыл бұрын

@@HummingbirdJa pj pattersion

@raggaguru3432

Жыл бұрын

So far, we haven’t seen that. The vast majority of companies that were sold to foreigners happened under the pnp, specifically in the 1990’s….those are facts not opinion…besides jamaicas economy is finally gaining traction so companies are less likely to be divested when things are going well.

@shahirbey3065

Жыл бұрын

@@EliteJamaica You are exactly why unqualified and misinformed people should not be spreading misinformation. Your attempt at making a correlation with the PNP and the companies sold lacks objective knowledge and credibility. (it’s a reach) Also you believe that Holness is the best prime minister… that speak volume on how your opinions/views are based on misinformation.

"He who has the Son of God (Jesus) has life; he who does not have the Son of God does not have life."(Bible - 1 John 5:12)

Pnp. Peoples nasty party.sold out 😢😮