Wed | Jun 19, 2019

Stories by Steven Jackson

Published:Friday | March 10, 2017 | 12:00 AMSteven Jackson

The Courtyard by Marriott hotel in New Kingston racked up nearly $1 billion in revenues, in its first year of operation, and provided a small boost to PanJam...

Published:Friday | March 10, 2017 | 12:00 AMSteven Jackson

Jamaica's rum exports are projected to grow in the medium term, in contrast to the global picture where a downturn is expected, according to a new report.The global rum market...

Published:Friday | March 10, 2017 | 12:00 AMSteven Jackson

JN Fund Managers Limited (JNFM), which operates a securities dealership, has got a licence from the Jamaica Stock Exchange and can now include brokerage services in its product line-up...

Published:Friday | March 10, 2017 | 12:00 AMSteven Jackson

Scotia Group Jamaica (SGJ) argued that it continues to make banking services faster and at lower costs at the roll out of its first quarter financial report, a...

Published:Wednesday | March 8, 2017 | 12:00 AMSteven Jackson

A top ratings agency is saying Digicel Group needs to improve its free cash flow by next March in order to offset debt maturities.Digicel needs material recovery in free cash flow generation to avoid any potential refinancing risk of escalating debt...

Published:Friday | March 3, 2017 | 12:00 AMSteven Jackson

Jamaica is banking on Chinese capital to transform Petrojam into a more efficient refinery, a deal that could still end up with a third country having a stake...

Published:Friday | March 3, 2017 | 12:00 AMSteven Jackson

Cable & Wireless Jamaica (C&WJ), which trades as Flow, posted net losses of $667 million on revenues of $6.8 billion in its third quarter ending December 2016, which reversed the profit earned in that period a year earlier...

Published:Friday | March 3, 2017 | 12:00 AMSteven Jackson

GraceKennedy Limited grew its annual earnings by 39 per cent to $4.5 billion.That equated to earnings per share of $4.03, up from $2.78 a year earlier.The company, led by Group CEO Don...

Published:Wednesday | March 1, 2017 | 12:00 AMSteven Jackson

Caribbean Cement Company Limited made annual profit of $1.3 billion last year, but it represented a shrinkage of the cement producer's bottom line, despite a spike in volume sales of cement in its major market.Profit was down 16 per cent relative to...

Published:Wednesday | March 1, 2017 | 12:00 AMSteven Jackson

Start-up company Sto-ny Hill Corporation, led by Damian Marley, has raised US$750,000 (J$96 million) to finance its sale of cannabis products.That's according to the company's first set of financials since its reorganisation, released late February...

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

Tullow Oil surveyed far and wide offshore Jamaica, utilising modern oil-sensing equipment, but largely to no avail until fisherfolk led the company to an oil sheen near the Pedro Banks.Jerome Kelly, Tullow's exploration manager for the Caribbean,...

Published:Friday | February 24, 2017 | 3:31 PMSteven Jackson

Tullow Oil regional heads are now in Jamaica to sensitise private and public stakeholders on plans to start a 2D seismic survey in the island next month.  It is aimed at identifying the source of oil found off the coast of the Pedro Banks....

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

Cable & Wireless Jamaica (C&WJ), which trades as FLOW Jamaica, heralded its one millionth mobile customer last year, but its parent company is now reporting that the local...

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

Gary Peart, chief executive officer of Mayberry Investments Limited, described Cable & Wireless Jamaica (C&WJ) as a stock to watch, based on market sentiment...

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

Key Insurance Company posted a net loss for its full year, after suffering a pile-up of motor claims, which nearly equated to its record revenues.The company's milestone of $1.08 billion in revenues during its financial year ending December 2016...

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

Desnoes & Geddes Limited, which operates as Red Stripe Jamaica, recorded double-digit growth in the volumes of beer sold in 2016...

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

Pragma consultants are now analysing the retail offerings at Sangster International Airport (SIA) in Montego Bay, ahead of midyear plans by the airport's management to put up 13 of its 63 retail shops for tender.The shop tenders will mean that...

Published:Sunday | February 19, 2017 | 12:00 AMSteven Jackson

Power utility boss Kelly Tomblin views Softbank's acquisition of Fortress Investment Group, to which New Fortress Energy is affiliated, as positive for furthering plans to build out gas facilities in Jamaica,American company New Fortress Energy is a...

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

International coffee chain Starbucks is weighing entry to the Jamaican market, likely through a franchise partner."We remain committed to expanding across the region and...

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

The new highways along with many of the construction cranes reshaping Kingston's skyline are controlled by Chinese interests, but those investments have been happening...

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

Jamaica ranks among the top five countries with high perception of their entrepreneurs, according to a global report, which also found that their 'stardom' fails at times to translate into sales and support.Socially, entrepreneurs are held in 'high...

Published:Sunday | February 12, 2017 | 12:00 AMSteven Jackson

A pair of sandals for US$150 sounds like a fair price - provided they are made by Bridget Sandals.These handmade sandals, made only for women, are distributed from five outlets in the Caribbean and United States, according to the company's website....

Published:Friday | February 10, 2017 | 12:00 AMSteven Jackson

Investors are still scurrying to buy Main Event Entertainment Group shares, which are already set to double in price since listing on the stock market on...

Published:Friday | February 10, 2017 | 12:00 AMSteven Jackson

Oil and gas company Tullow Oil disclosed this week that it found 'live oil' off the coast of Jamaica in its latest search.The company has since extending its 2D seismic mapping...

Published:Wednesday | February 8, 2017 | 12:00 AMSteven Jackson

Financial outfit JMMB Group describes Digicel Group as suffering from flat subscriber growth and currency concerns, but still expects the telecom to better service its debt this year.The regional investment house assessed as "underweight", which it...

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