Published:Tuesday | November 15, 2016 | 12:00 AMSteven Jackson
Proven REIT Limited, a subsidiary of Proven Investments, has acquired property from Black Brothers in Mandeville, which it plans to transform into a commercial park.The Bloomfield Development Park, currently the largest planned commercial...
Published:Monday | November 14, 2016 | 12:00 AMSteven Jackson
Marine park operator Dolphin Cove Limited is executing a programme of upgrades and rebranding in anticipation of increased business from the expanding hotel sector and expectations of more cruise calls by the Disney ship.Dolphin Cove is refreshing...
Published:Thursday | November 10, 2016 | 12:00 AMSteven Jackson
Associated Manufacturers Limited (AML), makers of the Busha Browne line of sauces, wants to add coffee to its line-up, while also seeking out investors to grow the brand in key markets."We are examining a few dynamic options regarding the way forward...
Published:Thursday | November 10, 2016 | 12:00 AMSteven Jackson
National Commer-cial Bank Jamaica Limited (NCBJ) made net profit of $14.4 billion over its financial year ending September, up 17 per cent from last year."We recorded record profits for the year," said Deputy Managing Director Dennis Cohen at an...
Published:Wednesday | November 9, 2016 | 12:00 AMSteven Jackson
Cable & Wireless Jamaica (C&WJ), which trades as FLOW Jamaica, recorded big losses for its second quarter, but it's a big improvement when compared with its performance a year ago...
Published:Tuesday | November 8, 2016 | 12:00 AMSteven Jackson
Food conglomerate Seprod Limited made $126.8 million net profit for its third quarter, reversing losses from a year ago.Over nine months ending September, the company earned $942.8 million. That's up 151 per cent year on year, a performance...
Published:Friday | November 4, 2016 | 12:00 AMSteven Jackson
Proven has started to operate an approved retirement scheme - ARS - branded Proven Rock.It's a new side of the pension market for the financial firm, which offered fund management services for superannuation funds through PWL Transition Limited."...
Published:Tuesday | November 1, 2016 | 12:00 AMSteven Jackson
Bakery outfit Honey Bun 1982 Limited revealed a one-year and ongoing circuitous probe this week involving the organised crime unit and other agencies into an...
Published:Wednesday | November 2, 2016 | 12:00 AMSteven Jackson
Caribbean Cement Company Limited's (CCC) overhaul of its kiln and cement mill contributed to the company posting a net loss during the September quarter.The Kingston-...
Published:Wednesday | November 2, 2016 | 12:00 AMSteven Jackson
Political uncertainty in the United States and the United Kingdom, as well as the Rio Olympics, are being cited as factors in the flattening of summer tourist visits to Jamaica. The Jamaica Hotel and Tourist Association (JHTA) expects US arrivals...
Published:Wednesday | October 26, 2016 | 12:00 AMSteven Jackson
Jamaica improved its pay equity ranking by 25 spots to 42 globally, based on reduced disparities between men and women in education and politics, despite a sustained income gap, according to the Global Gender Gap Report 2016."Jamaica continues to...
Published:Tuesday | November 1, 2016 | 12:00 AMSteven Jackson
Lasco Distributors Limited, faced with legal fees and a lack of warehouse space, saw a 17 per cent fall-off in earnings in the second quarter. Profit fell to $205 million in the July-September period. On a per share basis, earnings dipped from...
Published:Wednesday | October 26, 2016 | 12:00 AMSteven Jackson
Shareholders of the Jamaica Stock Exchange Group (JSEG) approved a five-for-one stock split that seeks to spur continued growth of the stock.It will encourage more people to own the stock, said Marlene Street Forrest in an interview from her office...
Published:Friday | October 28, 2016 | 12:00 AMSteven Jackson
Mayberry Investments Limited announced on Friday that it would act as financial adviser to the University College of the Caribbean (UCC), signalling that the education institution is considering raising funds, privately or publicly.In a deal signed...
Published:Thursday | October 27, 2016 | 12:00 AMSteven Jackson
David Stephens hammered a lug tool several times into a thin glass window fitted with a pliable anti-shatter laminate. He then flung a metal chair into it without...
Published:Thursday | October 27, 2016 | 12:00 AMSteven Jackson
Lasco Manufacturing Limited posted a 45 per cent rise in net profit at $363 million for its second-quarter boosted by continued robust sales from its iCool...
Published:Friday | October 21, 2016 | 12:00 AMSteven Jackson
Ganja Labs LLC, which grows marijuana at the University of Technology Jamaica (UTech) in Kingston, invested an additional US$150,000 to set up an outdoor greenhouse which spans its entire field.The company, currently in its second test harvest, is...
Published:Tuesday | October 25, 2016 | 12:00 AMSteven Jackson
Margaritaville Caribbean Limited, led by Ian Dear, has acquired the minority stake in Express Catering Limited, which controls the bulk of food services at Jamaica's largest airport, Sangster International.Margaritaville held 75 per cent of Express...
Published:Tuesday | October 25, 2016 | 12:00 AMSteven Jackson
Jamaica ranked 67th in the global Doing Business Report 2017, published Tuesday, which actually betters Dominican Republic and Panama, the fastest-growing countries in the Americas.Still the report gave mixed messages on Jamaica, describing the...
Published:Thursday | October 20, 2016 | 12:00 AMSteven Jackson
Pan-Jamaican Investment Trust Limited wants shareholders to approve a name change for the five-decade-old property conglomerate, but remained hush on the proposals for the new...
Published:Wednesday | October 5, 2016 | 12:00 AMSteven Jackson
The Jamaican Government can save upwards of $600 million on capital expenditure if it follows through on the acquisition of pre-owned vehicles for the police force, according to Lynvalle Hamilton, president of the Jamaica Used Car Dealers...
Published:Monday | October 17, 2016 | 12:00 AMSteven Jackson
Although growth in Jamaica's national output has been anaemic, and underperforms others in the region, the tourism-dependent economy is expected to do better than trading partner Trinidad...
Published:Tuesday | October 11, 2016 | 12:00 AMSteven Jackson
Companies operating in Jamaica repatriated US$568 million (J$72.7 billion) as investment income or dividends in the fiscal year ending March 2016, or the highest in...