Wed | Dec 19, 2018

Stories by Steven Jackson

Published:Wednesday | November 28, 2018 | 11:59 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:Sunday | November 25, 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:Sunday | November 18, 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:Sunday | November 18, 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:Sunday | November 11, 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 | 5:02 PMSteven 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:Sunday | November 4, 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:Sunday | November 4, 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 | 12:57 PMSteven 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 | 1:46 PMSteven 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:Sunday | October 21, 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 | 12:04 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...

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