Fri | Oct 19, 2018

Stories by Steven Jackson

Published:Thursday | October 18, 2018 | 12:04 PMSteven 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:Sunday | October 14, 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:Sunday | October 7, 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:Sunday | October 7, 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:Sunday | September 30, 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...

Published:Sunday | September 23, 2018 | 12:00 AMSteven Jackson

Finance and the Public Service Minister Dr Nigel Clarke has urged the Bank of Jamaica (BOJ) to increase its communication channels, including utilising social media such as Twitter to counter misinformation.Clarke's advice was made in the context of...

Published:Sunday | September 16, 2018 | 12:00 AMSteven Jackson

Microlending firm Access Financial Services Limited is still in growth mode and open to snapping up new prospects, even beyond Jamaica's borders.Chairman Rex James said at the company's annual general meeting on Thursday evening that the outlook for...

Published:Wednesday | August 22, 2018 | 7:36 AMSteven Jackson

Proven Investments Limited confirmed completion of the full acquisition of shares in International Financial Planning (Cayman) Limited, IFP, paying US$14.2 million ($1.95 billion) for the company.The deal closed on August 15, 2018. Proven previously...

Published:Friday | August 17, 2018 | 12:00 AMSteven Jackson

Blue Power Group Limited will be increasing the prices for its soaps due to the effects of currency movements on its cost of business, but that's after making millions in currency gains from its...

Published:Friday | August 17, 2018 | 12:00 AMSteven Jackson

The fire that gutted a section of Wisynco Group's complex two years ago cost the company close to $120 million in business disruptions, but it also pocketed nearly $600 million as net insurance proceeds.The insurance inflows...

Published:Sunday | August 12, 2018 | 12:00 AMSteven Jackson

Garfield Sinclair joined the embattled Bahamas Telecommunications Company (BTC) this month with an explicit mission to grow revenues in the affluent Caribbean territory.BTC owner Liberty is attempting to turn around the telecom amid rising...

Published:Friday | August 3, 2018 | 12:11 AMSteven Jackson

The Office Gurus plans to enter Jamaica this year, according to market filings.The company already operates regionally in El Salvador and Belize, but Jamaica would represent its first anglophone or English-speaking Caribbean...

Published:Sunday | July 29, 2018 | 12:00 AMSteven Jackson

NCB Financial Group Limited is reporting that its defences against cyber criminals are more robust, resulting in to a decline in successful hackings attempts of its network and customers. Jamaica's largest financial conglomerate, which is now...

Published:Thursday | July 19, 2018 | 6:20 PMSteven Jackson

  Cornerstone Investments Holdings Limited released its offer circular for a majority stake in Barita Investments Limited in a deal worth just over $3 billion at $9.20 per share. The offer at a 20-cent premium on Barita’s last...

Published:Sunday | July 8, 2018 | 12:00 AMSteven Jackson

Montego Bay-based pharmaceutical company Indies Pharma Jamaica Limited plans to raise $387 million in its initial public offering of shares on the junior market of the Jamaica Stock Exchange, amid plans to expand regionally."In the future, the...

Published:Friday | June 29, 2018 | 5:09 PMSteven Jackson

  Stanley Motta, a subsidiary of the Musson Group and developer of the 58 HWT technology park in Kingston, plans to raise $4 billion in equity capital through an initial public offering on the main market of the...

Published:Thursday | June 21, 2018 | 11:51 AMSteven Jackson

  The prospectus for Mayberry Jamaica Equities Limited, MJEL, a fund run by brokerage firm Mayberry Investments Limited, should be released before month end.  The initial release was expected in March. "We ...

Published:Monday | June 18, 2018 | 4:37 PMSteven Jackson

Sygnus Credit Investments, which listed on the Jamaica Stock Exchange (JSE) this morning, gained 30 per cent to close at $16.90.  Roughly 51,680 units of the stock traded on Monday with the final trade at $16. The stock will open...

Published:Sunday | June 10, 2018 | 12:00 AMSteven Jackson

The revenues at Scotia Group Jamaica (SGJ), the island's second-largest bank by assets, dipped by nearly $500 million, leading it to report lower profit for its second quarter, ending April 2018.The group made earnings per share of $1.08 for the...

Published:Friday | May 25, 2018 | 8:03 PMSteven Jackson

  The sale of Sagicor Group Jamaica’s hotel assets to Playa is scheduled to close on Thursday, May 31, and with it the handover of the Jewel Dunn’s River, Jewel Runaway Bay, Jewel Paradise Cove, Jewel Grande and Hilton Rose Hall...

Published:Tuesday | May 22, 2018 | 10:56 AMSteven Jackson

  Technology service provider tTech Limited wants to acquire or partner with entities in order to grow. CEO Christopher Reckord sees opportunities to partner with overseas operators who want to avoid risk but grow in the region, and to acquire...

Published:Sunday | May 20, 2018 | 12:00 AMSteven Jackson

PanJam Investment Limited acquired six acres of land for a hotel and shopping centre in Freeport, Montego Bay, one of a series of new investments being pursued by the property conglomerate.The hotel targeted at business travellers will be developed...

Published:Sunday | May 20, 2018 | 12:00 AMSteven Jackson

Community & Workers of Jamaica Co-operative Credit Union Limited (CWJCCU) launched a deferred share offer on Friday that seeks to raise $900 million from investors and other cooperatives...

Published:Sunday | May 13, 2018 | 12:00 AMSteven Jackson

Food distribution company Caribbean Producers Jamaica Limited will spend US$2.7 million ($340m) to grow its warehouse capacity by 50 per cent.Caribbean Producers is adding 60,000 square feet at its Montego Bay complex, to about 180,000 square feet....

Published:Wednesday | May 9, 2018 | 12:00 AMSteven Jackson

Everything Fresh Limited, the food distribution company, which sells to hotels and supermarkets, aims to raise $390 million on the junior arm of the Jamaica Stock Exchange.The company plans to increase its inventory and pay down on installing solar...

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