Published:Tuesday | June 21, 2016 | 12:00 AMSteven Jackson
Power utility Jamaica Public Service Company (JPS) will seek to raise US$201 million in the local market in what its chief financial officer, Dan Theoc, is describing as the largest offer of its kind in Jamaica.The offer, likely to be structured...
Published:Monday | June 13, 2016 | 12:00 AMSteven Jackson
Information from Patrick Bailey, an attorney representing Symbiote Investments Limited, the holding company for emerging telecoms Caricel, appears at odds with Spectrum Management Authority...
Published:Wednesday | June 15, 2016 | 12:00 AMSteven Jackson
The Jamaica Stock Exchange (JSE) aims to regain the number-one spot offering the best returns among 92 global exchanges.The Jamaican market occupies the seventh spot, down from...
Published:Monday | June 13, 2016 | 12:00 AMSteven Jackson
Cafe Blue, the fastest-growing local coffee shop, will open its sixth location next month at the busy Sangster International Airport in Montego Bay.It will also result in the company operating from both major international airports.Cafe Blue...
Published:Tuesday | June 14, 2016 | 12:00 AMSteven Jackson
Wray & Nephew and Appleton rum sales are up globally but down 10 per cent in the local market due to one-off events in the March quarter, including the court case with fish farming output Algix that has shuttered its spirits plant in St Elizabeth...
Published:Sunday | June 12, 2016 | 12:00 AMSteven Jackson
Compared with a year ago, the Jamaica Stock Exchange (JSE) still leads the world as the top-performing market in early June.But calendar year to date, January to June 10, it ranks seventh globally among 92 markets, according to a Gleaner analysis...
Published:Tuesday | June 7, 2016 | 12:00 AMSteven Jackson
The Inter-American Development Bank (IDB) plans to offer a US$100-million ($12.5 billion) loan to Jamaica as it tackles banking access, the cost of borrowing, and the...
Published:Wednesday | June 8, 2016 | 12:00 AMSteven Jackson
Main Event Entertainment Group has signed Mayberry Investments as financial adviser to raise capital for the company, either privately or publicly.But Mayberry CEO Gary...
Published:Tuesday | June 7, 2016 | 12:00 AMSteven Jackson
Mobile applications led by Instagram and Snapchat are fuelling local Internet revenues, which rose beyond $4 billion in the review quarter, or 153 per cent higher year on year, according to newly released regulatory data.Internet revenue, which...
Published:Tuesday | June 7, 2016 | 12:00 AMSteven Jackson
The shares of food and financial conglomerate GraceKennedy Limited rose towards record highs in the lead up the announcement of a planned stock split.GK shares have finally returned to levels hit more than a decade earlier, in 2004.GraceKennedy...
Published:Thursday | June 2, 2016 | 12:00 AMSteven Jackson
Golar LNG, the company which secured a two-year contract to ship liquefied natural gas (LNG) to Jamaica, posted huge net losses, has a working capital deficit and its chief...
Published:Tuesday | May 31, 2016 | 12:00 AMSteven Jackson
Jamaica got substantially more backing for development from the People's Republic of China than any other country or funding agency, with an estimated $103 billion of loans and grants from the Asian powerhouse spread across nearly a dozen projects....
Published:Thursday | May 26, 2016 | 12:00 AMSteven Jackson
A study commissioned by MasterCard indicates that nine out of 10 transactions in Jamaica are done by cash or cheques, underscoring the problem of costly informality, according to the global card company.Jamaica could grow by an additional 0.7 per...
Published:Tuesday | May 31, 2016 | 12:00 AMSteven Jackson
Telecommunications company Cable & Wireless Jamaica (C&WJ), under the helm of Garfield Sinclair, made a net profit of $1.16 billion for the year ending March 2016, its first positive annual results in nearly a decade...
Published:Wednesday | May 18, 2016 | 12:00 AMSteven Jackson
Lower oil prices in the first quarter of 2016 contributed to reducing consumer light bills, which translated to a US$32-million dip in revenues for the monopoly power distributor, Jamaica Public Service Company (...
Published:Tuesday | May 24, 2016 | 12:00 AMSteven Jackson
Insurance conglomerate Sagicor Group Jamaica has been selected as the preferred buyer of the incomplete Palmyra condominium complex in Montego Bay, according to two independent sources.It's not the first time the receiver for the property and his...
Published:Tuesday | May 24, 2016 | 12:00 AMSteven Jackson
Power utility company Jamaica Public Service (JPS) has reassessed the cost of its smart metering programme, aimed at curtailing energy losses and possibly electricity theft, at US$52 million ($6.5 billion) to be spent over five years.Concurrently,...
Published:Wednesday | May 18, 2016 | 12:00 AMSteven Jackson
Food and logistics conglomerate Jamaica Producers Group (JP) increased its stake in lands by Newport West in Kingston through a deal that nearly tripled its...
Published:Monday | May 16, 2016 | 12:00 AMSteven Jackson
The owners of Courtyard by Marriott in Kingston revealed that the hotel made money in its first quarter of operations, but held back on the profit it generated. The hotel officially opened for business last December to face-off with established...
Published:Tuesday | May 17, 2016 | 12:00 AMSteven Jackson
Jamaicans need to invest more and buy fewer luxury cars, says chief executive officer of Proven Wealth Chorvelle Johnson. "Jamaica is not a saving and investment hub. People change jobs and take their pension and spend it on buying a car or...
Published:Tuesday | May 17, 2016 | 12:00 AMSteven Jackson
Salada Foods Jamaica Limited will relaunch its flagship Mountain Peak instant coffee, and add a lower caffeinated alternative to shore up falling revenues.The coffee producer's March quarterly net profit was slashed by nearly half amid falling local...
Published:Monday | May 16, 2016 | 12:00 AMSteven Jackson
Cable & Wireless Communications Plc on Monday put to rest any speculation of an uneasy rivalry with cable start-up ReadyTV, led by former CWC executive Christopher Dehring...