Fri | Jan 20, 2017

Stories by Steven Jackson

Published:Friday | January 20, 2017 | 12:00 AMSteven Jackson

Finance minister Audley Shaw says that Jamaica will save about US$100 million ($12 billion) from revamping the first phase of the...

Published:Friday | January 20, 2017 | 12:00 AMSteven Jackson

Hinduja Global Solutions Limited (HGS) is hiring 500 more staff, which will double its workforce for a call centre in Kingston.It plans to take on the new hires by...

Published:Wednesday | January 18, 2017 | 12:00 AMSteven Jackson

Derrimon Trading Company has offered a takeover price of $4.50 per share to minority owners of Caribbean Flavours...

Published:Wednesday | January 18, 2017 | 12:00 AMSteven Jackson

MBJ Airports Limited, operators of Sangster International Airport, expects passenger traffic to surpass four million this year, a forecast that takes more robust Cuba travel into account, at least for the moment.In 2016, just over 3.9 million...

Published:Wednesday | January 18, 2017 | 12:00 AMSteven Jackson

Jamaica's angel investor groups are ready to finance film projects but require returns of up to 10 times their investment over a protracted period.It shows that money, albeit at a relatively high cost, can flow towards the so-called creative...

Published:Friday | January 13, 2017 | 12:00 AMSteven Jackson

PriceSmart Inc reported increased local sales for its Jamaican store in the quarter prior to Christmas, but sales are down throughout the Caribbean by...

Published:Friday | January 13, 2017 | 12:00 AMSteven Jackson

Anand and Dr Joan James sold all their remaining shares in Caribbean Flavours...

Published:Friday | January 13, 2017 | 12:00 AMSteven Jackson

Kingston Properties Limited (KPREIT) has acquired its first property in the Cayman Islands, which it says will offer the company hard-currency and tax-free earnings.The price...

Published:Wednesday | January 11, 2017 | 12:00 AMSteven Jackson

Cement shares in Jamaica and Trinidad moved in different directions on news of an increased buyout offer by Cemex of Mexico.The shares of Caribbean Cement Company, based in Jamaica, fell six per cent on Monday to close at $31.46, while the shares of...

Published:Wednesday | January 11, 2017 | 12:00 AMSteven Jackson

AMG Packaging & Paper Limited now makes three lines of tissue which augment its core corrugated paper business...

Published:Wednesday | January 11, 2017 | 12:00 AMSteven Jackson

Jamaica will grow its economy at a faster rate in 2017 than the wider Latin American and Caribbean region - LAC - as a whole, according to projections in a new World Bank report released on Tuesday.The local economy should see growth of 2 per cent...

Published:Friday | January 6, 2017 | 12:00 AMSteven Jackson

Nine stocks made triple-digit gains on the Jamaica Stock Exchange (JSE) last year as the market hit new records.The market was mostly favourable as only 10 of the 65...

Published:Friday | January 6, 2017 | 12:00 AMSteven Jackson

Coffee company Jammin Java, based in the United States, says it won't sell Jamaican beans in its new line of products.The company bought up to US$3 million of Jamaican...

Published:Friday | January 6, 2017 | 12:00 AMSteven Jackson

Herbert Hall, the former executive chairman of Prime Asset Management and a co-founder of Life of Jamaica, has died leaving a gap in the insurance and pensions industry...

Published:Wednesday | January 4, 2017 | 12:25 AMSteven Jackson

The John Lee-led 138 Student Living Limited (138SL), which constructs student dormitories, has revealed that a contractor for its first phase of developments, Prime Development Limited, has filed a $118.9 million claim against it, with arbitration...

Published:Wednesday | January 4, 2017 | 12:00 AMSteven Jackson

National Commercial Bank of Jamaica (NCBJ), the island's largest, is planning to seek shareholder approval this month to restructure the group to include the shares of Guardian Holding Limited (GHL) which it acquired two years ago.If approved, it...

Published:Wednesday | January 4, 2017 | 12:00 AMSteven Jackson

Auditors Ernst & Young (EY) has described as not fair the offer by Mexican-based CEMEX to acquire additional shares in Trinidad Cement Limited (TCL) at TT$4.50 each...

Published:Friday | December 30, 2016 | 12:00 AMSteven Jackson

FLOW Lend, the mobile top-up app for customers of telecommunications firm FLOW, has advanced more than US$1 million (about J$150 million) in mobile credit in less than...

Published:Friday | December 30, 2016 | 12:00 AMSteven Jackson

The Inter-American Development Bank (IDB) will consider making a loan of US$68 million to the Jamaican Government to assist in implementing the National...

Published:Wednesday | December 28, 2016 | 12:00 AMSteven Jackson

The National Water Commission (NWC) has blamed severe drought, competition and a tough economy for it recording a revenue shortfall of$9.5 billion in its 2015-2016 financial year. The utility had planned to generate $34.6 billion in revenues during...

Published:Wednesday | December 28, 2016 | 12:00 AMSteven Jackson

Jammin Java, the embattled US coffee company, has announced plans to sell its own line of branded coffee, even as it seeks to resume packaging under the Marley brand.The challenges facing the company, which include suits and counter-suits with the...

Published:Friday | December 23, 2016 | 12:00 AMSteven Jackson

Blue Power Group, which manufactures and sells laundry and beauty soap as well as lumber, grew its net profit for the three months ended October 2016 to $32.1 million compared to $13...

Published:Friday | December 23, 2016 | 12:00 AMSteven Jackson

The Jamaica Public Service Company Limited (JPS), the island's sole distributor of electricity, has been granted approval for a US$100-million (J$12.85-billion) loan...

Published:Wednesday | December 21, 2016 | 12:00 AMSteven Jackson

Telecommunications provider Digicel has outbid listed cinema operator Palace Amusement Company for the documentary I Am Bolt, featuring Jamaican sprinter Usain Bolt.The move has resulted in the telecoms snatching a possible revenue driver for Palace...

Published:Friday | December 16, 2016 | 12:00 AMSteven Jackson

Specialty Coffee Investments Company Limited (SCI), a company connected to Michael Lee-Chin, will seek to raise $1.8 billion from a bond issue to refinance...

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