Wed | Jun 19, 2019

Stories by Steven Jackson

Published:Thursday | April 13, 2017 | 12:00 AMSteven Jackson

PriceSmart Inc reported increased sales for its Jamaican store in its February second-quarter 2017 but remains mum on possible expansion plans.Contrastingly, sales throughout the Caribbean are mostly down weighed heavily by economic difficulties in...

Published:Wednesday | April 12, 2017 | 12:00 AMSteven Jackson

FLOW Jamaica has hiked the price of its cheapest two-day prepaid mobile data package by 200 per cent in the span of a year, a Gleaner Business review shows.Last week, the telecoms company announced adjustments in its data prices, the third in 12...

Published:Sunday | April 9, 2017 | 12:00 AMSteven Jackson

Jamaica reduced its oil import bill by US$242 million ($30 billion) last year, which helped to slash the trade deficit by nearly nine per cent, according to new data from Statin.Motorists are, however, only partially benefiting from the price drop...

Published:Friday | April 7, 2017 | 12:00 AMSteven Jackson

New Age Beverage, based in the United States, announced that it acquired the assets of Marley Beverage Company, a fast-growing brand on a path to hit US$15 million...

Published:Friday | April 7, 2017 | 12:00 AMSteven Jackson

Food manufacturing and distribution conglomerate Seprod Limited on Thursday described its outlook as positive, with plans to spend hundreds of millions on new...

Published:Wednesday | April 5, 2017 | 12:00 AMSteven Jackson

Jamaica Stock Exchange (JSE) Group has reshaped its management structure, giving Marlene Street Forrest an upgraded title and a seat on the board.The changes, effective Monday, April 3, also sees Street Forrest giving up duties as company secretary...

Published:Wednesday | April 5, 2017 | 12:00 AMSteven Jackson

ISP Finance Services Limited, a microlender that now turns over $230 million annually, is expecting to score new business fuelled in part by consumer and business confidence, and grow its top line.But that is as far as CEO Dennis Smith would go in...

Published:Wednesday | April 5, 2017 | 12:00 AMSteven Jackson

Jamaica can expect oil prices to trend towards US$60 a barrel and remain there for the foreseeable future, according to Fadel Gheit, managing director at Oppenheimer...

Published:Friday | March 31, 2017 | 12:00 AMSteven Jackson

Jamaica has felt the brunt of many storms, some with deadly effect, but one of the most devastating and economically disruptive was Hurricane Gilbert.So when...

Published:Friday | March 31, 2017 | 12:00 AMSteven Jackson

The country saved around US$18 million (J$2.3 billion) in oil imports based on the 80 megawatts of renewable energy projects implemented last...

Published:Friday | March 31, 2017 | 12:00 AMSteven Jackson

Large cable operator Liberty Global, the owner of FLOW, wants its regional businesses to generate more cash, and has set them a target of US$1.5...

Published:Friday | March 31, 2017 | 12:00 AMSteven Jackson

As the competition spikes in the wealth management market, Scotia Investments Jamaica Limited (SIJL) is indicating that it plans to protect its own flank by focusing on...

Published:Wednesday | March 29, 2017 | 12:00 AMSteven Jackson

Jamaica improved six spots to 92 worldwide to become a global case study for energy diversification, according to the annual study produced by the World Economic Forum (WEF).Trading partner and oil-producer Trinidad...

Published:Wednesday | March 29, 2017 | 12:00 AMSteven Jackson

The Ministry of Tourism wants to raise the profile of Devon House among food enthusiasts, while also creating a series of culinary tours across Jamaica in a bet that the country's gastronomic delights, and its rum, can draw additional business from...

Published:Sunday | March 26, 2017 | 12:00 AMSteven Jackson

A weekend jaunt into the foothills of the Blue Mountains by hiking or off-roading enthusiasts, coffee aficionado and gourmands who like food served in nature's cradle is a well-known pastime of Kingston's adventure seekers.They don't see a lot of...

Published:Friday | March 24, 2017 | 12:00 AMSteven Jackson

Scotia Investments Jamaica Limited (SIJL) defended its return on equity, or ROE, which at nine per cent was its second-lowest in a decade, saying the outcome...

Published:Friday | March 24, 2017 | 12:00 AMSteven Jackson

Happiness in Jamaica worsened by three spots to rank 76 globally among 155 nations, according to the World Happiness Report 2017 released this week.The...

Published:Friday | March 24, 2017 | 12:00 AMSteven Jackson

A two-month leadership transition has been set in motion at Cable...

Published:Wednesday | March 22, 2017 | 12:00 AMSteven Jackson

Felicitas Limited and the H10 Hotel Group will upsize their planned hotel development by 45 per cent to just over 1,250 rooms in Trelawny.They want to start the development by midyear after recently submitting an Environmental Impact Assessment, or...

Published:Wednesday | March 22, 2017 | 12:00 AMSteven Jackson

Brokerage firm Stocks & Securities Limited (SSL) sold 35 million shares held in Jamaica Stock Exchange Group (JSEG), operator the local stock market, which appeared to have been bought up by two Sagicor affiliated entities...

Published:Friday | March 17, 2017 | 12:00 AMSteven Jackson

Stony Hill Corporation, founded by musician Damian Marley, disclosed its strategy behind acquiring a stake in Israeli-based Cannabi-Tech this week.The US-based...

Published:Friday | March 17, 2017 | 12:00 AMSteven Jackson

Goddard Enterprises Limited sold its 25 per cent stake in Express Catering Limited, resulting in Margaritaville Caribbean Limited (MCL) taking full...

Published:Friday | March 17, 2017 | 12:00 AMSteven Jackson

Sagicor Group Jamaica, under new executive leadership, will look to expand within the Spanish-speaking Caribbean while seeking out a wider clientele...

Published:Wednesday | March 15, 2017 | 12:00 AMSteven Jackson

Proven Investments Limited will seek to acquire another sizeable entity within the Caribbean this year in what would be a new sector for the company, according to group head Christopher Williams.The company on Friday got regulatory approval from the...

Published:Wednesday | March 15, 2017 | 12:00 AMSteven Jackson

Goddard Enterprises Limited of Barbados has exited its investment in National Rums Jamaica Limited (NRJ) under a wider deal worth nearly US$13 million that hands ownership to a French company called United Caribbean Rum Limited.It's the latest...

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