Published:Thursday | February 9, 2017 | 12:00 AMSteven Jackson
Oil and gas company Tullow Oil disclosed this week that it found 'live oil' off the coast of Jamaica in its latest search.The company has since extending its 2D seismic mapping...
Published:Monday | February 6, 2017 | 12:00 AMSteven Jackson
Financial outfit JMMB Group describes Digicel Group as suffering from flat subscriber growth and currency concerns, but still expects the telecom to better service its debt this year.The regional investment house assessed as "underweight", which it...
Published:Friday | February 3, 2017 | 12:00 AMSteven Jackson
Nigel Holness, managing director at CIBC FirstCaribbean International Bank Jamaica, confirmed the departure of deal-maker Berisford Grey, who headed the corporate and investment banking division."It is great that our younger staff can see...
Published:Wednesday | February 1, 2017 | 12:00 AMSteven Jackson
Jamaica imports around 433 tonnes of green coffee beans each year to shore up its own supplies.The imports represent around $300 million (US$2.3 million) of...
Published:Tuesday | January 31, 2017 | 12:00 AMSteven Jackson
Developer BC Dundee Enterprises Limited plans to construct a $4-billion upscale residential and commercial complex in Trelawny, to be called the Hamptons at Dundee.The project, which will provide 266 homes, seeks to tap into the returning resident...
Published:Friday | January 27, 2017 | 12:00 AMSteven Jackson
Shareholders of National Commercial Bank Jamaica Limited (NCB) approved the reorganisation of the group to create a holding company for the bank and its stake in Guardian Holdings Limited, an insurance conglomerate based in Trinidad and Tobago."The...
Published:Thursday | January 26, 2017 | 12:00 AMSteven Jackson
The stock exchanges in the region will switch to a new trading platform next month, according to Marlene Street Forrest, general manager of the Jamaica Stock...
Published:Thursday | January 26, 2017 | 12:00 AMSteven Jackson
Urban Development Corporation (UDC) called on investors to bid on a number of assets in its portfolio in order to develop downtown Kingston, St Catherine, St Ann...
Published:Wednesday | January 25, 2017 | 12:00 AMSteven Jackson
The advice was a bit unusual coming from a head of government.Buy shares rather than Brazilian hair, said Prime Minister Andrew Holness, at the opening ceremony for the annual JSE Capital Markets Conference on Tuesday night.He was making a larger...
Published:Monday | January 23, 2017 | 12:00 AMSteven Jackson
GraceKennedy CEO Don Wehby flew overseas to meet with the head of compliance at Western Union this week, in the wake of a big fine imposed on the global money-transfer company by American regulators.In an agreement with the US Department of Justice...
Published:Tuesday | January 24, 2017 | 12:00 AMSteven Jackson
The family-owned Serv-Wel Jamaica Group, known more for its stoves and furniture, plans to develop a business park that includes a call centre and supporting services, in the vicinity of its head office at Ashenheim Road in Kingston.The development...
Published:Friday | January 20, 2017 | 12:00 AMSteven Jackson
Directors of Trinidad Cement Limited (TCL) still plan to reject the revised offer by Mexican construction firm Cemex SAB, which they disclosed to shareholders of the regional cement maker just days before the new takeover offer closes.Cemex, which...
Published:Thursday | January 19, 2017 | 12:00 AMSteven Jackson
Kingston Properties Limited (KPREIT) disclosed the acquisition of another property, this time in Jamaica, and its second purchase for this month.The real estate investment trust said...
Published:Thursday | January 19, 2017 | 12:00 AMSteven Jackson
Hinduja Global Solutions Limited (HGS) is hiring 500 more staff, which will double its workforce for a call centre in Kingston.It plans to take on the new hires by...
Published:Tuesday | January 17, 2017 | 12:00 AMSteven Jackson
Jamaica's angel investor groups are ready to finance film projects but require returns of up to 10 times their investment over a protracted period.It shows that money, albeit at a relatively high cost, can flow towards the so-called creative...
Published:Tuesday | January 17, 2017 | 12:00 AMSteven Jackson
MBJ Airports Limited, operators of Sangster International Airport, expects passenger traffic to surpass four million this year, a forecast that takes more robust Cuba travel into account, at least for the moment.In 2016, just over 3.9 million...
Published:Wednesday | January 11, 2017 | 12:00 AMSteven Jackson
Kingston Properties Limited (KPREIT) has acquired its first property in the Cayman Islands, which it says will offer the company hard-currency and tax-free earnings.The price...
Published:Thursday | January 12, 2017 | 12:00 AMSteven Jackson
PriceSmart Inc reported increased local sales for its Jamaican store in the quarter prior to Christmas, but sales are down throughout the Caribbean by...
Published:Monday | January 9, 2017 | 12:00 AMSteven Jackson
Cement shares in Jamaica and Trinidad moved in different directions on news of an increased buyout offer by Cemex of Mexico.The shares of Caribbean Cement Company, based in Jamaica, fell six per cent on Monday to close at $31.46, while the shares of...
Published:Monday | January 9, 2017 | 12:00 AMSteven Jackson
Jamaica will grow its economy at a faster rate in 2017 than the wider Latin American and Caribbean region - LAC - as a whole, according to projections in a new World Bank report released on Tuesday.The local economy should see growth of 2 per cent...
