Published:Wednesday | March 2, 2016 | 12:00 AMSteven Jackson
New Fortress Energy, the company seeking to supply liquefied natural gas (LNG) to Jamaica, has secured a two-year contract for an LNG vessel and is to start...
Published:Thursday | February 25, 2016 | 12:05 PMSteven Jackson
MoBay Ice gets dividend from subsidiary after20 years - HartA $20-million dividend payment disclosed by Montego Bay Ice Company Limited (MBICE) in its fourth-quarter earnings report was not a distribution to shareholders of the one-time icemaker....
Published:Friday | February 26, 2016 | 12:21 PMSteven Jackson
Four companies are currently vying to list on the junior arm of the Jamaica Stock Exchange (JSE) before the end of March in order to beat the closing of the tax-incentive window.The change of the political administration, however, raises the issue...
Published:Sunday | February 21, 2016 | 12:00 AMSteven Jackson
Jamaican sauce and spice makers are being offered the chance to position for business in the export market, with backing of US$1 million in technical assistance from...
Published:Tuesday | February 23, 2016 | 11:06 AMSteven Jackson
Proven Investments Limited (PIL), a private equity investor, recorded losses of more than US$770,000 ($93 million) over three months ending December 2015, its first quarterly descent into red based on analysis of its 13 available quarters on the...
Published:Thursday | February 18, 2016 | 11:28 AMSteven Jackson
Puma ambassadors, which include Jamaican athletes Asafa Powell and Usain Bolt, helped the international athletics brand increase sales by double-digits, according to its newly released year end results.It signals the continued importance of local...
Published:Thursday | February 18, 2016 | 12:00 AMSteven Jackson
Scotia targets NDX billions with new fundSteven JacksonSenior Business ReporterScotia Investments Jamaica Limited (SIJL) wants to attract some of the billions paid out this month to NDX bondholders into its newly launched Scotia Premium US dollar...
Published:Thursday | February 18, 2016 | 12:00 AMSteven Jackson
The Zika virus couldcost tourism-dependent Jamaica one per cent of its gross domestic product in the short term, according to extrapolations on the regional...
Published:Monday | February 15, 2016 | 5:26 PMSteven Jackson
Caribbean Producers Jamaica plans to build a US$6.5 million ($790 million) warehouse on lands contiguous to its head office in Montego Bay, to be used for cold storage.Executive chairman Mark Hart described the construction as the company's major...
Published:Friday | February 12, 2016 | 12:00 AMSteven Jackson
The Jamaica Stock Exchange Combined Index declined on Friday by 554 points or less than one-third of a percentage point to close at 170,686.48. However more stocks still advanced than declined. It extends losses from Thursday when the index shed...
Published:Thursday | February 4, 2016 | 12:00 AMSteven Jackson
The Lasco Affiliated Companies involved in manufacturing and distribution, made significantly higher net profit in the December 2015 quarter when compared with the...
Published:Thursday | February 11, 2016 | 12:00 AMSteven Jackson
Jamaica Cane Product Sales Limited (JCPS), owner of the Jamaica Gold brand and a marketer of raw bulk sugar, has raised $1.2 billion of debt financing in...
Published:Monday | February 8, 2016 | 3:55 PMSteven Jackson
Jamaica reduced its oil import bill by more than US$438 million ($52 billion) for the first six months of the fiscal year based on the slide of commodity prices, according to newly released data from the Bank of Jamaica (BOJ).The savings resulted in...
Published:Friday | February 5, 2016 | 4:34 PMSteven Jackson
The Governor of the Bank of Jamaica (BOJ) expects minimal impact on the dollar and inflation with the maturation of $62 billion in bonds next week.Essentially, the central bank government holds enough reserves to defend the dollar, said Governor...
Published:Wednesday | February 3, 2016 | 12:00 AMSteven Jackson
Investors in the big banks earned their largest returns from the two stocks last year at a time when the banks' annual profit fell, a review of their medium-term...
Published:Wednesday | February 3, 2016 | 12:00 AMSteven Jackson
Tourists are served imported ackee which arguably represents the starkest instance of the need for increased linkages between the tourism sector and local...
Published:Thursday | February 4, 2016 | 12:00 AMSteven Jackson
Access Financial grew its loans and maintained costs which led the microlender to post net profits of $435 million for the period ending December 2015 or 42 per cent higher year-on-year.Its return on average equity (ROE)...
Published:Monday | February 1, 2016 | 6:22 PMSteven Jackson
The co-owners of Island Coffees, a growing cafe and bistro business in Island Village, Ocho Rios, said they multiplied staff-count tenfold in three months due in part to increased traffic from Knutsford Express’ bus hub in the same plaza. The...
Published:Tuesday | February 2, 2016 | 5:38 PMSteven Jackson
The Jamaica Stock Exchange Combined Index advanced by 1,543.79 points or 0.90 per cent to close at 173,938.49 with a day dominated by advancing stocks. The index also climbed to a new record high. Overall market activity resulted from trading...
