Published:Saturday | September 21, 2019 | 12:00 AMSteven Jackson
Private equity firm Proven Investments Limited plans to sell up to three-quarters of its holdings in Access Financial Services Limited, a micro lender with holdings in Jamaica and the United States. That base transaction would generate $2.19...
Published:Friday | June 21, 2019 | 12:00 AMSteven Jackson
Sagicor Investments Jamaica Limited will seek to raise up to $4 billion in an initial public offering of shares in Sagicor Select Funds Limited, a pool of funds that track financial stocks on the Jamaica Stock Exchange. The IPO which opens...
Published:Wednesday | May 22, 2019 | 12:00 AMSteven Jackson
Wigton Windfarm jumped 28 per cent and dominated volumes on its first day of trading on the Jamaica Stock Exchange. With an energetic start to trading the stock closed at $0.64 with 8.35 million units trading. Wigton will open at $0.60 on...
Published:Monday | April 29, 2019 | 12:00 AMSteven Jackson
One of the three licences needed by NCB Financial for the takeover of Guardian Holdings Limited has been granted by Trinidad’s Finance Minister Colm Imbert under the Foreign Investment Act. There were no updates on the other two...
Published:Thursday | January 17, 2019 | 12:00 AMSteven Jackson
The Jamaican Government is proposing to use the stock market to raise funds for infrastructure projects in a move to avoid increasing the national debt, according to finance and the public service minister, Dr Nigel Clarke.The country requires...
Published:Friday | January 18, 2019 | 12:00 AMSteven Jackson
Chinese xenophobic sentiments in relation to investments in Jamaica by the world's second-largest economy are misplaced, according to Finance and the Public Service Minister Dr Nigel Clarke."It is misplaced and grounded in reading the newspaper...
Published:Friday | January 11, 2019 | 12:00 AMSteven Jackson
PanJam Investment has declined to say whether it will raise funds in the short term amid its first-ever rating by regional rating agency Caribbean Information and Credit Rating Services Limited (CariCRIS)."We intend to be rated going forward...
Published:Tuesday | January 1, 2019 | 12:00 AMSteven Jackson
NCB Financial Group (NCBFG) last week announced its bid to acquire additional shares in Guardian Holding Limited (GHL) in an offer that will close on February 7.The lead broker for the offer is Republic Securities Limited."Full acceptance of the...
Published:Thursday | December 27, 2018 | 12:00 AMSteven Jackson
Proven Investments Limited has acquired a 20 per cent stake in financial conglomerate JMMB Group Limited for $9.2 billion."We are now the largest individual shareholder in JMMB," said Christopher Williams, the president and CEO of Proven Management...
Published:Wednesday | November 28, 2018 | 12:00 AMSteven Jackson
Scotiabank yesterday announced an agreement to sell its banking operations in nine non-core markets in the Caribbean to Trinidad-based Republic Financial Holdings Limited. The countries included Anguilla, Antigua, ...
Published:Tuesday | November 20, 2018 | 12:00 AMSteven Jackson
GraceKennedy Limited (GK), one of the Caribbean's largest and most dynamic food and finance corporate entities, is planning to update its Hi-Lo application for mobile phones to include deliveries of food and other items to set locations, starting...
Published:Friday | November 16, 2018 | 12:00 AMSteven Jackson
NCB Financial Group Limited (NCB), which operates one of the largest financial entities in the region, will make another bid for additional shares in regional insurance conglomerate Guardian Holdings Limited of Trinidad (GHL) following a...
Published:Friday | November 9, 2018 | 12:00 AMSteven Jackson
Local production house ListenMi Caribbean will start production on an animated version of the 1980s sitcom Lime Tree Lane and is set to employ more than 20 persons to work on the series.The production house won't say whether they will draw on...
Published:Friday | November 9, 2018 | 12:00 AMSteven Jackson
NCB Financial Group has been solidly ensconced at the top of Jamaica's commercial banking market for several years, but having just hit another profit milestone and with nearly $980 billion in assets, its managers believe they are well placed to...
Published:Thursday | November 8, 2018 | 12:00 AMSteven Jackson
NCB Financial Group, the parent company of Jamaica's largest bank, National Commercial Bank, reported annual profit of $28.6 billion on Thursday, a new record for the bank. Earnings rose 50 per cent relative to last year’s profit...
Published:Friday | November 2, 2018 | 12:00 AMSteven Jackson
In just over a week, the board of Jamaica Public Service Company will vote on a proposal to distribute around $1.3 billion to the power utility's owners as dividend, nearly a fifth of which would flow to the Jamaican government.But the funds are...
Published:Monday | October 29, 2018 | 12:00 AMSteven Jackson
The Bank of Jamaica, BOJ, which issued its first tweet on Monday, says it's one more medium it can use to curb the spread of misinformation."Ceteris paribus we estimate this to be our first tweet," said the central bank's first message on Twitter....
Published:Friday | October 26, 2018 | 12:00 AMSteven Jackson
The more than $3 billion worth of shares acquired from undisclosed founding members of the Jamaica Broilers Group by a trust, earlier this year, are already up more than 50 per cent in value. They are now worth $4.6 billion, which is...
Published:Thursday | October 25, 2018 | 12:00 AMSteven Jackson
Jamaican companies import millions of dollars worth of canned fish from big trading nations such as the United States and China, while largely ignoring Ecuador, the second largest producer of canned tuna and shrimp, a Ecuadorean technocrat...
Published:Thursday | October 18, 2018 | 12:00 AMSteven Jackson
Brokerage firm Mayberry Investments Limited plans to develop villas in the tourism city of Montego Bay, part of new efforts by the company to invest more in real estate in partnership with others."We are high on Jamaica and although we are known for...
Published:Thursday | October 18, 2018 | 12:00 AMSteven Jackson
Microfinancing company Access Financial Services Limited is buying a consumer finance firm in Florida, United States, but is holding back on the details of the transaction until the deal receives regulatory approval. The transaction is...
Published:Thursday | October 11, 2018 | 12:00 AMSteven Jackson
Tech start-up SiFi Studios Jamaica Limited has developed a mobile app that allows real estate agents to list properties on a platform called Keez.It requires agents to sign up to list properties on the market. When prospective buyers click on the...
Published:Thursday | October 4, 2018 | 12:00 AMSteven Jackson
Eight stocks have made triple-digit returns since January on the Jamaica Stock Exchange.And it's not over yet. Analysts are predicting that Jamaica's near four-year bull-run will continue into next year in the context of declining interest rates and...
Published:Friday | October 5, 2018 | 12:00 AMSteven Jackson
The largest but indirect shareholder in Carreras Limited will merge with another entity in the Netherlands, but the cigarette trader says it will not result in an offer to minority owners of the stock in Jamaica.Carreras is directly owned by...
Published:Friday | September 28, 2018 | 12:00 AMSteven Jackson
Lasco Manufacturing Limited (LASM) will pump as much as US$3 million into its operations this year, as it prepares for regulatory changes for sugary drinks.Lasco is also negotiating deposit refund system for plastic bottles, with the Jamaican...
