Published:Wednesday | October 12, 2016 | 12:00 AMSteven Jackson
Planning approvals published by the National Environment and Planning Agency (NEPA) that appear to give the go-ahead to new capital projects, including a distillery and brewery, have been described by spirits company J. Wray & Nephew...
Published:Tuesday | October 11, 2016 | 12:00 AMSteven Jackson
Data leaks and account closures by overseas banks are tainting the Caribbean as a viable place for international business, according to attorney and former banking executive Cheryl Bazard.These leaks, including the 'Panama Papers' and the 'Bahamas...
Published:Tuesday | October 4, 2016 | 12:00 AMSteven Jackson
Metry Seaga, president of the Jamaica Manu-facturers' Association (JMA), wants more manu-facturing firms based in communities in order to stir small business...
Published:Thursday | October 6, 2016 | 12:00 AMSteven Jackson
Food conglomerate Seprod Limited has sold its stake in food and financial services conglomerate GraceKennedy.The transaction was executed via a holding company held by Seprod."The Seprod...
Published:Monday | October 3, 2016 | 12:00 AMSteven Jackson
Jamaica scored a marked improvement on the Global Competitiveness Index to rank 75 among 138 countries, its second best standing in a decade.Crime and government inefficiency, however, weakened the country's gains.Jamaica jumped 11 spots, up from 86...
Published:Friday | September 30, 2016 | 12:00 AMSteven Jackson
Canadian Overseas Packaging Industries Limited (COPI) has reached an agreement to acquire local box maker Corrpak Jamaica Limited for an undisclosed sum.The deal will result in Corrpak merging operations with Jamaica Packaging Industries (JPI), an...
Published:Friday | September 30, 2016 | 12:00 AMSteven Jackson
Lasco Manufacturers Limited (LML) announced plans for another round of investment totalling US$10 million ($1.3 billion) for the ensuing financial year as the company ramps up exports.It builds on the US$4.5 million spent a year earlier."We will...
Published:Wednesday | September 28, 2016 | 12:00 AMSteven Jackson
French shipping company CMA CGM announced that its consortium secured financing equivalent to the funds required for phase-one upgrade of the Kingston Container Terminal...
Published:Tuesday | September 27, 2016 | 12:00 AMSteven Jackson
The Facey Group, one of the largest distribution outfits in the Caribbean, aims to raise US$10 million ($1.3 billion) from a bond to be issued next month.The company said the bond, targeted at high net worth or accredited investors, will be sold in...
Published:Monday | September 26, 2016 | 12:00 AMSteven Jackson
Sutherland Global Services is hiring up to 1,500 additional staff, which would grow its workforce by a quarter.The call centre operator has advertised for "full-time and seasonal professionals" as customer service and inbound-sales...
Published:Tuesday | September 27, 2016 | 12:00 AMSteven Jackson
Music publisher C2W Music Limited paid more money to accountants and auditors than it earned in total revenues over six-months. It raises issues about the sustainability of the company whose accumulated deficit continues to grow. The company's...
Published:Tuesday | September 27, 2016 | 12:00 AMSteven Jackson
Caribbean Cream Limited, which trades as Kremi ice cream, plans to invest $200 million to improve operations and dress up expanded space in its Kingston plant.The company announced the investment in its operations, even while categorising the newest...
Published:Wednesday | September 21, 2016 | 12:00 AMSteven Jackson
JMMB Group, which now earns one-quarter of its total revenues outside Jamaica, plans to grow that further with its five new start-up companies spread across Dominican...
Published:Thursday | September 22, 2016 | 12:00 AMSteven Jackson
Digicel Jamaica adjusted a raft of prepaid mobile data plans this week on its website, which makes it nominally cheaper for plans with longer tenures, but more costly for the...
Published:Thursday | September 22, 2016 | 12:00 AMSteven Jackson
The planned investment in Jamaica by Chinese-owned Jiuquan Iron and Steel Company (JISCO) got upsized from US$2 billion to US$3 billion for the upgrade of Alpart's...
Published:Tuesday | September 20, 2016 | 12:00 AMSteven Jackson
GraceKennedy shares valued at more than $1.1 billion traded on Friday, which represented the biggest day in years for the stock.The transaction comes just over a month into a three-way split of the stock to improve its liquidity.Few shareholders...
Published:Monday | September 19, 2016 | 12:00 AMSteven Jackson
Telecoms Cable & Wireless Jamaica (C&WJ), which trades as FLOW, is defending price hikes on its prepaid mobile Internet, which effectively doubled the cost of a key mobile plan to customers within four months...
Published:Thursday | September 15, 2016 | 12:00 AMSteven Jackson
Jamaica Producers Group Limited (JPG) announced that it has formally entered into an agreement to transfer its shares in Mavis Bank Coffee Factory Limited to Specialty Coffee Investments Company Limited (SCI), a company connected to Michael Lee-Chin...
Published:Friday | September 16, 2016 | 12:00 AMSteven Jackson
Access Financial Services Limited will seek to develop a green-energy loan in a bid to expand its offerings.The company also told shareholders that it doesn't expect a fallout from increased regulation of the microfinancing sector, set for...
Published:Wednesday | September 14, 2016 | 12:00 AMSteven Jackson
Banking conglomerate Scotia Group Jamaica (SGJ), in one of its best third-quarterly performances, earned net profit of $3.4 billion or 47 per cent more than a year earlier,...
Published:Wednesday | September 14, 2016 | 12:00 AMSteven Jackson
The plan to build and operate a liquefied natural gas marine terminal and pipeline by American company New Fortress Energy (NFE) will place the facility five...
Published:Tuesday | September 13, 2016 | 12:00 AMSteven Jackson
A new energy-saving project costing US$30 million ($3.8 billion) will seek to reduce traffic jams in the Kingston Metropolitan Area (KMA) by synchronising 140 stop lights through a fibre-optic ring, while also cutting energy consumption at scores of...
Published:Tuesday | September 13, 2016 | 12:00 AMSteven Jackson
Joint-venture partners Pan-Jamaican Investment Trust and Jamaica Producers Group are selling Mavis Bank Coffee Factory, the owner of the Jablum brand and prime trader of Blue Mountain Coffee, in a deal with an entity said to be affiliated with...
Published:Tuesday | September 13, 2016 | 12:00 AMSteven Jackson
The coffee sector avoided hurricanes this season, but beans for export got soaked in last Friday's rains that flooded three warehouses on Marcus Garvey Drive in Kingston.The resulting US$8 million ($1 billion) of estimated preliminary damage is...
