Published:Monday | May 15, 2017 | 12:00 AMSteven Jackson
Jamaica Stock Exchange Limited (JSE) reported declining income for its first quarter, but it expects upcoming stock market listings to increase its fee income in the periods ahead.It's the first decline in net income for the operator of Jamaica's...
Published:Tuesday | May 16, 2017 | 12:00 AMSteven Jackson
Cable & Wireless Jamaica (C&WJ), which trades as Flow Jamaica, recorded a $533 million net loss for its first quarter, which reversed the profit earned a year earlier. In the wake of those results, the telecom advised customers to expect an increase in their cable bills, effective June 1...
Published:Friday | May 12, 2017 | 12:00 AMSteven Jackson
Food and financial services conglomerate GraceKennedy Limited reported $1.14 billion in net profit for the first quarter ending March.Earnings were 28 per cent lower year on year. The decline in profit was due to higher costs in its food and...
Published:Wednesday | May 10, 2017 | 12:00 AMSteven Jackson
Starbucks Jamaica this week started the hiring process for three key positions even as it mulls going after permits from Coffee Industry Board (CIB),...
Published:Thursday | May 11, 2017 | 12:00 AMSteven Jackson
Sagicor Group Jamaica (SGJ) made $2.59 billion net profit for shareholders in its March quarter, or 36 per cent higher profit than a year earlier.The financial conglomerate...
Published:Tuesday | May 9, 2017 | 12:00 AMSteven Jackson
Cable & Wireless Jamaica, which trades as FLOW Jamaica, is shedding customers at a time when its ultimate parent is looking for the business and other subsidiaries in the region to boost their operating cash...
Sagicor Property Services Limited will decide by year end whether to sell or develop land it owns at Seymour Avenue located within the upscale zone known as the Golden Triangle, notwithstanding the for sale sign mounted on the property.Sagicor will...
Portland Private Equity, chaired by Michael Lee-Chin, has poured US$17 million into financing the merger of two iconic restaurant chains in Colombia though its Caribbean Fund II....
Published:Tuesday | May 2, 2017 | 12:00 AMSteven Jackson
Mayberry Invest-ments Limited experienced a dip in quarterly earnings, even as it made one of its largest gains in trading.The company posted $1.7 million net profit for...
Published:Wednesday | May 3, 2017 | 12:00 AMSteven Jackson
Gas station operators, supermarkets and streetside vendors in six communities are expected to see a reduction in traffic flow as a result of the realignment...
Published:Friday | April 28, 2017 | 9:23 AMSteven Jackson
National Commercial Bank Jamaica (NCB) reported record profits of $5.87 billion for its second quarter to March 2017, up two-thirds over a year earlier.That equates to earnings per share of $2.39 from $1.47 a year earlier and represents the initial...
Published:Friday | April 28, 2017 | 12:00 AMSteven Jackson
The Ian Dear-led Express Catering Limited plans to raise capital and has retained the services of investment bank, Mayberry Investments Limited.In a deal signed earlier this month, Mayberry will now act as financial advisor to the Jamaican...
Published:Wednesday | April 26, 2017 | 12:00 AMSteven Jackson
The Digicel Group generated negative cash flow for its financial year ending March 2017 but is on track to break even by 2020, according to United States-...
Published:Thursday | April 27, 2017 | 12:00 AMSteven Jackson
United States-based financial services company Western Union has indicated that it is reviewing a proposed two per cent tax on remittances sent from that country...
Published:Monday | April 24, 2017 | 1:14 PMSteven Jackson
Chief executive officer at Tuff Gong International Cedella Marley will be launching a marijuana cookbook, which becomes the latest weed venture by the Marley family.The planned release is set for July 25 this year and demonstrates the quick-fire...
Published:Tuesday | April 25, 2017 | 12:00 AMSteven Jackson
Business conditions are good for now but should worsen slightly a year from now, according to business executives in the latest Survey of Businesses Inflation Expectations.The survey stated that the perceptions of present business conditions have...
Published:Tuesday | April 25, 2017 | 12:00 AMSteven Jackson
The United States Congress has introduced a bill to impose a fee for remittance transfers to Jamaica and 41 other foreign countries, ostensibly to fund the building of a border wall with Mexico.The bill, entitled Border Wall Funding Act of 2017, is...
Published:Friday | April 21, 2017 | 12:00 AMSteven Jackson
Cash-strapped entertainment company C2W Music Limited has explained that it stopped social media posting for more than two years in order to cut costs at the company.Its website was also down for some time, but that is now back online. The company...
Published:Wednesday | April 19, 2017 | 12:00 AMSteven Jackson
Cross-country transport company Knutsford Express Services Limited (KEX) made $54 million net profit in the third quarter ending February 2017, or 95 per cent...
Published:Thursday | April 20, 2017 | 12:00 AMSteven Jackson
AMG Packaging & Paper Limited expects its toilet tissue business to generate greater returns with the finalisation of a distribution deal with a major supermarket chain.The company, which makes most of its money from cardboard or corrugated paper...
Published:Monday | April 17, 2017 | 6:14 PMSteven Jackson
The Mexican operator of the Sangster International Airport in Montego Bay, St James, the island's busiest, expects three years to elapse before the government starts executing its Vernamfield airport project in Clarendon.Grupo Aeroportuario del...
Published:Tuesday | April 18, 2017 | 12:00 AMSteven Jackson
The JP Tropical Foods Group has announced that it broke ground for the upgrading of an existing building on Retirement Road, St Andrew to accommodate new banana ripening rooms and contemporary offices at a cost of J$120 million.It follows last week'...
Published:Wednesday | April 12, 2017 | 12:00 AMSteven Jackson
JP Tropical Foods plans to grow its pineapple cultivation by nearly 50 per cent this year.To facilitate speedier processing of the perishable fruit, JP Tropical, a subsidiary of Jamaica Producers Group, will spend $48 million to develop a packing...
