Thu | Oct 18, 2018

Stories by Steven Jackson/Senior Business Reporter

Published:Wednesday | October 17, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Local coffee exporters returned from Japan this month without any indication of pricing or deals from the large trading importers, which puts the US$25 million industry at a near standstill at least until Christmas.At the same time, the sector is...

Published:Wednesday | October 10, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

The maker of Tru-Juice, Trade Winds Citrus Limited, sold $3.3 billion worth of goods to exclusive distributor Wisynco Group, according to financial disclosures made by the latter company to the market.Trade Winds is now ramping up exports with a...

Published:Wednesday | October 3, 2018 | 12:03 AMSteven Jackson/Senior Business Reporter

Express Catering Limited, which operates various food franchises at Sangster International Airport, tripled its annual profit even without much help from the latest addition to its portfolio, that of Starbucks coffee.Express Catering has "...

Published:Wednesday | September 5, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

The new distribution deal that Derrimon Trading Company inked with SM Jaleel...

Published:Wednesday | August 8, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Sales of the Jamaica rum brands owned by Campari Group rose above €38 million ($6.1 billion) over six months ending June.Through J. Wray...

Published:Wednesday | August 8, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Total revenues at Jamaica's largest airport, Sangster International, increased six per cent to US$52 million over six months to June, based on an analysis of disclosures by controlling partner Grupo Aeroportuario del Pacifico (GAP). The intake...

Published:Wednesday | August 1, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Brokerage firm Mayberry Investments Limited reported quarterly profit after tax for June that was 63 times better than the comparative results for the prior year, due in part to restructuring of the company to book unrealised gains on the stocks it...

Published:Wednesday | July 18, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Ice cream maker Caribbean Cream Limited, which trades as Kremi, reported improved results for its first quarter ending May 2018, a period in which it also made a large investment in fixed assets, but did not disclose how the capital was deployed.The...

Published:Wednesday | July 11, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Pharmaceutical distributor Indies Pharma Jamaica Limited has launched a new division that sells supplements.The company will brand the line as Nature's Soul."It is a new division, a herbal division, which is a market that the world is going after -...

Published:Wednesday | July 4, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

The revived Stanley Motta Limited, developer of the 58 HWT technology park in Kingston, had no substantial income before last year when it reported rental income of $72 million.The company, however, reported a large profit of $853 million, nearly...

Published:Wednesday | June 13, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

C2W Music Limited, the start-up music publishing company that has racked up deficits more than hits, will outline the details of its rescue plan at an extraordinary general meeting scheduled for June 27.It will involve an unnamed outside entity...

Published:Wednesday | May 30, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Angella Rainford, a partner in Eight Rivers Energy Company, said she secured US$50 million in financing this month for Jamaica's largest solar plant.The loans were acquired through foreign institutions as local banks were unable to offer a...

Published:Wednesday | May 9, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Ivan Berry and Derek Wilke, two directors and primary shareholders of loss-making C2W Music Limited, will resign from the board but are not expected to walk away from the company, under the terms of a rescue plan that is still to be approved by...

Published:Wednesday | May 9, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Ganja company Marigold Projects Jamaica Limited is signing on as a sponsor of the Peter Tosh museum at the Pulse commercial complex, and will also open a herb house at that venue.Marigold's herb house is expected to be operational by July, sources...

Published:Wednesday | May 2, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

J. Wray & Nephew Limited (JWN) forecasts that it can save about US$1 million or J$125 million a year by running its rum distillery at New Yarmouth Estate in Clarendon on liquefied natural gas...

Published:Wednesday | April 25, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

PanJam Investment Limited, a property and investment conglomerate, will facilitate the entry of large virtual office company, Regus Limited, to New Kingston by summer.The company will operate from a floor within the PanJam building at Knutsford...

Published:Wednesday | April 11, 2018 | 12:05 AMSteven Jackson/Senior Business Reporter

Main Event Entertainment Group Limited created a new division called M-Style that will provide seating and equipment for events, including weddings, conferences and birthdays."Wouldn't you agree that the wedding market is significant?" said Main...

Published:Wednesday | April 4, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

PanJam Investment Limited has taken a 20 per cent stake in Term Finance Jamaica Limited, the local subsidiary of a regional microfinancing outfit that entered Jamaica last September.The terms of the transaction between PanJam and Term Finance...

Published:Wednesday | March 28, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Drinks company Desnoes & Geddes Limited, which trades as Red Stripe Jamaica, is weighing plans to brew a non-alcohol version of Heineken in this market...

Published:Wednesday | March 28, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

The Jamaica Stock Exchange Limited has appointed Andrea Kelly as general manager of the Jamaica Central Securities Depository Limited and its subsidiary JCSD Trustee Services Limited (JCSD) , effective April 2, 2018...

Published:Wednesday | March 14, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Bartenders the world over are increasingly choosing locally made Wray & Nephew white rum for mixed drinks, according to Campari Group...

Published:Wednesday | February 28, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Stakeholders will need to wait at least another month to know whether the takeover offer by NCB Financial Group for Guardian Holdings Limited (GHL) of Trinidad will be finalised or reset."We are committed to participating in the hearing and...

Published:Wednesday | February 28, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Balram Vaswani plans to open the first of a series of Kaya Inc ganja stores in St Ann by March 10.The businessman and chairman of Kaya reaped the first legal harvest for sale last week in the presence of the Cannabis Licensing Authority. This...

Published:Wednesday | February 21, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

GWest Corporation Limited blamed debt repayment and the cost of taking the company public for the $48.3 million net loss in the third quarter ending December.The loss eroded profit of $65.8 million made by the Montego Bay-based company in the...

Published:Wednesday | February 21, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

AMG Packaging & Paper Company Limited will use this year to strengthen its core box-making operation, following losses from a short-lived foray into toilet paper, and is already looking ahead to 2019 as the year of business growth...

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