Fri | May 25, 2018

Stories by Steven Jackson

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...

Published:Thursday | May 3, 2018 | 2:23 PMSteven Jackson

  Alliance Payment Services Limited launched the first prepaid card issued by a non-bank operation, which seeks to get more Jamaicans within the formal financial system. “It is about safety. Sometimes people come out of an agent...

Published:Monday | April 30, 2018 | 2:26 PMSteven Jackson

Rocket Go-Karting Experience, a $40 million venture, has established a facility in Portmore, St. Catherine with the aim of providing safe family racing. "We were open until 2 am Sunday night," said Dwight Lue, managing...

Published:Sunday | April 22, 2018 | 12:00 AMSteven Jackson

AMG Packaging & Paper Limited (AMG), which makes cardboard boxes, suffered from reduced profits arising from increased paper prices on the global market...

Published:Sunday | April 15, 2018 | 12:00 AMSteven Jackson

Jamaican households are increasingly living beyond their means as more than half of their disposable income goes towards paying back loans, a trend that concerns the financial stability committee enough for it to consider studying its drivers....

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

Cable & Wireless Jamaica, a local telecoms with a checkered reputation from its past days as a powerful telephone monopoly, would have celebrated 30 years as a listed company this year...

Published:Sunday | April 1, 2018 | 12:00 AMSteven Jackson

Kaya Inc, a licensed ganja business in Jamaica that opened its first ganja cafe in Ocho Rios in March, is going public in Canada and will list on the Toronto Stock Exchange. Under the transaction, Kaya will enact a "reverse takeover" with a listed...

Published:Sunday | March 25, 2018 | 12:00 AMSteven Jackson

Brokerage house Mayberry Investments Limited is expected to list its subsidiary on the Jamaica Stock Exchange (JSE) by April, pushing back the listing by about a month.In preparation for the listing, wholly owned subsidiary Mayberry West Indies...

Published:Sunday | March 25, 2018 | 12:00 AMSteven Jackson

The Caribbean Cement Company, the sole manufacturer of the product in Jamaica, could reduce its associated costs by more than a third or about US$10 million (about J$1.27 billion) annually when it exits a lease agreement with its parent company,...

Published:Sunday | March 18, 2018 | 12:00 AMSteven Jackson

Mavis Bank Coffee Company Limited, operators of the Jablum profit, is going mainstream with its cafes, another three of which are to be rolled out over a one-year span.The coffee houses grew to three last Monday with the launch of a store at NCB...

Published:Friday | February 23, 2018 | 6:18 PMSteven Jackson

  The takeover offer by NCB Financial Group for Guardian Holding Limited of Trinidad has been allowed to lapse, even though the take up went beyond target. What that means exactly for whether the acquisition bid is dead or dormant will become...

Published:Sunday | January 28, 2018 | 12:00 AMSteven Jackson

NCB Financial Group Limited defended its takeover bid for Guardian Holdings Limited, which has met with resistance from some minority GHL owners in Trinidad...

Published:Friday | January 26, 2018 | 3:51 PMSteven Jackson

  Driss Temsamani of Citi Latin America defended the underlining technology for cyptocurrencies but stayed clear of speculating on the recent waning value of bitcoin. Bitcoin surpassed US$19,000 last December but now hovers at US$11,250....

Published:Thursday | January 25, 2018 | 5:45 PMSteven Jackson

JSE CAPITAL MARKETS CONFERENCE The police apprehended two men in Papine, St Andrew who hacked their way into banks earlier this month, according to National Security Minister Robert Montague.  “There is a case two weeks...

Published:Thursday | January 25, 2018 | 12:35 PMSteven Jackson

Finance Minister Audley Shaw expects Jamaica’s debt-to-gross domestic product (GDP) ratio to fall towards 105 per cent by the end of the fiscal year. The quicker fall is in part due to the recent round of currency appreciation...

Published:Friday | January 5, 2018 | 12:00 AMSteven Jackson

Brokerage firm Mayberry Investments Limited will list its subsidiary on the Jamaica Stock Exchange, JSE, before the end of March, which could see it raising more than a $1 billion of...

Published:Wednesday | January 3, 2018 | 12:00 AMSteven Jackson

The authors of an IMF working paper are advocating for a 'pan-Caribbean market' for non-performing loans, or NPLs, to reduce distressed assets in banks across the region.The paper indicated that the average NPL ratio across the Caribbean is high at...

Published:Wednesday | January 3, 2018 | 12:00 AMSteven Jackson

A Jamaican shareholder is trying to sue Cable & Wireless Jamaica (CWJ), claiming that financial transfers to its British parent company, Cable and Wireless Communications Plc, have weakened the local telecoms over time...

Published:Friday | December 29, 2017 | 6:34 PMSteven Jackson

  Liberty Global, the ultimate parent company of Cable & Wireless Jamaica, made an offer to acquire all minority shareholding in the listed local entity that trades on the Jamaica Stock Exchange. Liberty is offering $1.45 per...

Published:Friday | December 29, 2017 | 12:00 AMSteven Jackson

Eppley Limited, which mainly provides insurance premium financing, will float two preference stock as the first out of the blocks to fundraise on the market in the new...

Published:Thursday | December 28, 2017 | 11:37 AMSteven Jackson

Desnoes & Geddes, which trades as Red Stripe Jamaica, will make eight positions redundant in the New Year with most choosing voluntary retirement, an official has indicated.  It comes as the company launched a new plant to increase...

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