Sun | Nov 17, 2019

Stories by Steven Jackson/ - Senior Business Reporter

Published:Wednesday | November 6, 2019 | 12:10 AMSteven Jackson/ - Senior Business Reporter

Proven REIT began pitching its latest residential development to prospective buyers at the weekend, with starting prices of $21 million for the smallest studio units. The project, slated for Braemar Avenue in New Kingston, is to be called VIA....

Published:Wednesday | October 9, 2019 | 12:09 AMSteven Jackson/ - Senior Business Reporter

Shares in Fontana Limited led market gains for the first nine months of the year, owing in part to the anticipation of its new flagship store, which is scheduled to open today, Wednesday. The pharmacy company, which trades under the FTNA symbol,...

Published:Wednesday | September 25, 2019 | 12:09 AMSteven Jackson/ - Senior Business Reporter

Private equity firm Proven Investments Limited will sell at least half its stake in Access Financial Services to finance acquisition of more shares in JMMB Group during its pending offer to the public, the Financial Gleaner understands. Failure to...

Published:Wednesday | September 4, 2019 | 12:21 AMSteven Jackson/ - Senior Business Reporter

Natural gas supplier New Fortress Energy, NFE, which operates in Jamaica and the region, plans to develop data centres near to its power plants to serve technology giants. “At the end of the day, we are supposed to be developing data centres next...

Published:Wednesday | July 17, 2019 | 12:19 AMSteven Jackson/ - Senior Business Reporter

Jamaica may need to add 1.0 gigawatts of power over the next two decades, which would double the current estimated energy output. The new load will include cleaner fuels, such as liquefied natural, LNG, gas and renewables, such as wind, solar and...

Published:Wednesday | July 3, 2019 | 12:08 AMSteven Jackson/ - Senior Business Reporter

The new and fortified competition in the insurance sector is not too big a worry for market leader Sagicor Life, according to the leadership of the parent company Sagicor Group Jamaica. In fact, it is the rival operators that should be concerned...

Published:Wednesday | June 19, 2019 | 12:27 AMSteven Jackson/ - Senior Business Reporter

The extension of the runway at the Sangster International Airport and associated works are scheduled to start in the final quarter of 2019, but the extension requires the acquisition of lands held by Sandals Resorts International. Negotiations for...

Published:Wednesday | May 8, 2019 | 12:12 AMSteven Jackson/ - Senior Business Reporter

Gaming conglomerate Supreme Ventures Limited, SVL, is acquiring Jamaica’s largest sports bookmaker, Any Bet, which would result in SVL controlling around 90 per cent of the market. Any Bet is the trading name for Post to Post Betting Limited and is...

Published:Wednesday | April 3, 2019 | 1:46 AMSteven Jackson/ - Senior Business Reporter

A financing deal struck between Jamaica’s NCB Financial Group and large shareholders of Guardian Holdings Limited, GHL, is turning out to be an impediment to the Jamaican banking conglomerate’s takeover of the regional insurance giant based in...

Published:Wednesday | April 3, 2019 | 12:10 AMSteven Jackson/ - Senior Business Reporter

The Jamaica Stock Exchange (JSE) has struck a deal with the tech-heavy Nasdaq exchange in the United States that will allow local brokers to short-sell or profit from falling stock prices, while also trading international stocks. On Monday, the two...

Published:Wednesday | March 20, 2019 | 12:08 AMSteven Jackson/ - Senior Business Reporter

Minority shareholders in Cable...

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