Sat | Aug 18, 2018

Stories by Steven Jackson

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...

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,...

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