Published:Thursday | January 5, 2017 | 12:00 AMSteven Jackson
Nine stocks made triple-digit gains on the Jamaica Stock Exchange (JSE) last year as the market hit new records.The market was mostly favourable as only 10 of the 65...
Published:Thursday | January 5, 2017 | 12:00 AMSteven Jackson
Coffee company Jammin Java, based in the United States, says it won't sell Jamaican beans in its new line of products.The company bought up to US$3 million of Jamaican...
Published:Thursday | January 5, 2017 | 12:00 AMSteven Jackson
Herbert Hall, the former executive chairman of Prime Asset Management and a co-founder of Life of Jamaica, has died leaving a gap in the insurance and pensions industry...
Published:Tuesday | January 3, 2017 | 12:00 AMSteven Jackson
The John Lee-led 138 Student Living Limited (138SL), which constructs student dormitories, has revealed that a contractor for its first phase of developments, Prime Development Limited, has filed a $118.9 million claim against it, with arbitration...
Published:Monday | January 2, 2017 | 11:53 AMSteven Jackson
National Commercial Bank of Jamaica (NCBJ), the island's largest, is planning to seek shareholder approval this month to restructure the group to include the shares of Guardian Holding Limited (GHL) which it acquired two years ago.If approved, it...
Published:Monday | January 2, 2017 | 12:00 AMSteven Jackson
Auditors Ernst & Young (EY) has described as not fair the offer by Mexican-based CEMEX to acquire additional shares in Trinidad Cement Limited (TCL) at TT$4.50 each...
Published:Wednesday | December 28, 2016 | 12:00 AMSteven Jackson
The Inter-American Development Bank (IDB) will consider making a loan of US$68 million to the Jamaican Government to assist in implementing the National...
Published:Wednesday | December 28, 2016 | 12:00 AMSteven Jackson
FLOW Lend, the mobile top-up app for customers of telecommunications firm FLOW, has advanced more than US$1 million (about J$150 million) in mobile credit in less than...
Published:Tuesday | December 27, 2016 | 6:07 AMSteven Jackson
The National Water Commission (NWC) has blamed severe drought, competition and a tough economy for it recording a revenue shortfall of$9.5 billion in its 2015-2016 financial year. The utility had planned to generate $34.6 billion in revenues during...
Published:Wednesday | December 21, 2016 | 12:00 AMSteven Jackson
The Jamaica Public Service Company Limited (JPS), the island's sole distributor of electricity, has been granted approval for a US$100-million (J$12.85-billion) loan...
Published:Monday | December 19, 2016 | 12:00 AMSteven Jackson
Blue Power Group, which manufactures and sells laundry and beauty soap as well as lumber, grew its net profit for the three months ended October 2016 to $32.1 million compared to $13...
Published:Tuesday | December 20, 2016 | 12:00 AMSteven Jackson
Telecommunications provider Digicel has outbid listed cinema operator Palace Amusement Company for the documentary I Am Bolt, featuring Jamaican sprinter Usain Bolt.The move has resulted in the telecoms snatching a possible revenue driver for Palace...
Published:Wednesday | December 14, 2016 | 12:00 AMSteven Jackson
The Jamaica Tourist Board (JTB) wants to work with Airbnb, the fastest-growing booking provider, to find a mechanism to monitor and, if necessary, remove...
Published:Thursday | December 15, 2016 | 12:00 AMSteven Jackson
Specialty Coffee Investments Company Limited (SCI), a company connected to Michael Lee-Chin, will seek to raise $1.8 billion from a bond issue to refinance...
Published:Thursday | December 15, 2016 | 12:00 AMSteven Jackson
The new owners of Cable & Wireless, which trades as Flow, will announce the appointment of Garfield Sinclair as president of the Caribbean operations today. Sinclair will still lead /Flow Jamaica/Cable & Wireless Jamaica (C&WJ) along...
Published:Monday | December 12, 2016 | 12:00 AMSteven Jackson
Proven Investments Limited (PIL) has acquired Bank of St Lucia International Limited (BOSLIL), a merchant bank which serves mostly high-net-worth clients in Panama and Uruguay.The acquisition, which is Proven's largest to date and its first banking...
Published:Tuesday | December 6, 2016 | 12:00 AMSteven Jackson
Cemex's takeover of Trinidad Cement Limited (TCL), if successful, will also give it majority control of Caribbean Cement Company Limited, and the Mexican powerhouse has said it will take the Jamaican operation private by delisting it from the stock...
Published:Friday | December 2, 2016 | 12:00 AMSteven Jackson
Jamaica's growth remains constrained by its inefficient usage of energy, which equates to one of the worst in Latin America and the Caribbean, says Kelly Tomblin, president...
Published:Wednesday | November 30, 2016 | 12:00 AMSteven Jackson
Proven Investments Limited is seeking $2 billion from the market via an issue of preference shares later this month.Proven wants to raise the funds to finance a regional acquisition and payout...
Published:Thursday | December 1, 2016 | 12:00 AMSteven Jackson
Bakery outfit Honey Bun Limited made $140 million in net profit for its full year ended September, which doubled the results from last year amid a spike...
Published:Thursday | November 24, 2016 | 12:00 AMSteven Jackson
Peter McConnell, Howard Mitchell and Harry Maragh have been successful at business, but their entrepreneurial journeys took different paths, as they each outlined last Thursday.In one case, family connections helped, but for all three, what really...
Published:Tuesday | November 15, 2016 | 12:00 AMSteven Jackson
Port company Kingston Wharves Limited (KWL) reported a near four per cent dip in earnings for the September quarter.KWL reported quarterly net profit of...
Published:Wednesday | November 16, 2016 | 12:00 AMSteven Jackson
Trinidad businesses are buying US dollars in Jamaica and creating additional demand for the currency, according to the president of the Jamaica Manufacturers'...
