Published:Tuesday | May 10, 2016 | 12:00 AMSteven Jackson
Property conglomerate Pan-Jamaican Investment Trust will shortly receive a consultant's report to aid its decision on whether to brand the former Oceana as...
Published:Thursday | May 12, 2016 | 12:00 AMSteven Jackson
Clothing chain Lee's Fifth Avenue, led by businessman and hotelier Lee Issa, will close its large outlet in Manor Park Plaza, which will reduce its store count to three located...
Published:Tuesday | May 10, 2016 | 12:00 AMSteven Jackson
Angella Rainford, partner in Eight Rivers Energy Company, expects to start operating the largest solar energy plant in Jamaica within a year, having emerged as the top candidate under the 37MW renewable energy project spearheaded by the Office of...
Published:Tuesday | May 10, 2016 | 12:00 AMSteven Jackson
Bakery company Honey Bun posted strong quarterly results this week, validating market confidence in the stock for which the trading price has doubled since January.On the flip side, the company also announced that it will resume...
Published:Tuesday | May 3, 2016 | 12:00 AMSteven Jackson
Wallenford coffee Company Limited, the coffee company owned by billionaire investor Michael Lee-Chin, continues to secure deals with uber brands in an attempt...
Published:Thursday | May 5, 2016 | 12:00 AMSteven Jackson
Women business groups called for specifics on the growth projections espoused by chairman of the newly formed Economic Growth Council, Michael Lee-Chin, while pushing for his bank to reduce fees at a forum Thursday. Lee Chin's arguments remain...
Published:Tuesday | May 3, 2016 | 12:00 AMSteven Jackson
The Crissa Group, led by Christopher Issa, plans to spend US$12.5 million to redevelop the seaside Montego Bay hotel acquired last year, which will be rebranded as the Spanish Court Hotel.Issa, a lawyer-turned-hotelier, disclosed the capital spend...
Published:Tuesday | May 3, 2016 | 12:00 AMSteven Jackson
Desnoes & Geddes Limited, which trades as Red Stripe Jamaica, will strive to "responsibly" increase the "frequency" of drinking among adults, which the brewery says is pretty low relative to markets in the hemisphere...
Published:Friday | April 29, 2016 | 12:00 AMSteven Jackson
National Commercial Bank Jamaica (NCB) hinted on Friday at preliminary plans to make additional investments in the region, but was silent on the specifics.The bank also remains bullish for the remainder of its financial year after posting a $3.6...
Published:Thursday | April 28, 2016 | 12:00 AMSteven Jackson
Shareholders of Lasco Distributors Limited will receive a small cut of the "large" settlement expected from its legal case with Pzifer, according to...
Published:Thursday | April 28, 2016 | 12:00 AMSteven Jackson
The Jamaica Stock Exchange (JSE) wants more time to sort out technical and legal issues prior to potentially raising billions of dollars with proxy listings of foreign...
Published:Monday | April 25, 2016 | 12:00 AMSteven Jackson
Half Moon Resort will transfer some US$8 million as "key money" and fees to American company Vail Resorts for the termination of its five-year management partnership.The termination was previously disclosed, but not the monetary terms."In connection...
Published:Tuesday | April 26, 2016 | 12:00 AMSteven Jackson
Creditinfo Jamaica, one of a handful of private companies offering credit bureau services, will start producing credit scores that are more localised to reflect realities in Jamaica and be a better predictor of credit approval and default.Creditinfo...
Published:Thursday | April 21, 2016 | 12:00 AMSteven Jackson
The Jamaican Government received a revised plan from United States-based Herzog International last December to rehabilitate nearly two-thirds of Jamaica's rail network with an initial service targeted for this year end.The consideration is to launch...
Published:Monday | April 18, 2016 | 12:00 AMSteven Jackson
Mayberry doubled the value of its investment in three associated companies in under six months based on stock price movements.The investment company spent roughly $1 billion...
Published:Thursday | April 21, 2016 | 12:00 AMSteven Jackson
A consortium of local and overseas-based investors, led by Jamaican Yoni Epstein, acquired a 85 per cent stake in US-based online CarRental8.com for an undisclosed sum.Mayberry Investments Limited...
Published:Monday | April 18, 2016 | 12:00 AMSteven Jackson
Undeterred by its initial rejection, Sol Petroleum Jamaica Limited plans to enter the cooking gas and service station business as early as this year.The energy company's first known effort to invest in a gas station network was rejected when its bid...
Published:Monday | April 18, 2016 | 12:00 AMSteven Jackson
The Port authority of Jamaica (PAJ) plans to invest in call-centre facilities in Portmore and Montego Bay costing more than $2.8 billion.Newly released government documents indicate that the investment will include $1.1 billion of capital...
Published:Tuesday | April 19, 2016 | 12:00 AMSteven Jackson
Scotiabank has confirmed the resignation of Bruce Bowen, senior vice-president in charge of the English Caribbean, who at the moment appears to be chilling out in Hawaii.Bowen, once of the region's most experienced bankers, built his career working...
Published:Tuesday | April 19, 2016 | 12:00 AMSteven Jackson
Business confidence rose to record levels amid the general election euphoria, while consumer confidence rose to the third highest level on record. But those levels will likely attenuate over the next two quarters, says Don Anderson of Market...
Published:Friday | April 15, 2016 | 12:00 AMSteven Jackson
C2W Music Limited expects monies from publishing to eventually flow to the company despite its auditor's uncertainty about aspects of key revenue sources.Baker Tilly Strachan Lafayette chartered accounts in their review of C2W's accounts, said they...
