Sun | May 26, 2019

Stories by Steven Jackson

Published:Wednesday | December 6, 2017 | 12:00 AMSteven Jackson

VM Investments Limited (VMIL) plans to offer $1 billion in lending to small and medium-sized enterprises (SMEs) in a bid to grow its loans portfolio, a venture that will be partially financed from funds raised in its initial public offering (IPO)...

Published:Wednesday | December 6, 2017 | 12:00 AMSteven Jackson

The book value of NCB Financial Group's stake in Clarien Bank, Bermuda, would equate to US$53.6 million (J$6.74 billion), but the entities avoided any financial disclosures in announcing the deal last week.Clarien Bank holds US$107 million in total...

Published:Monday | December 4, 2017 | 12:29 PMSteven Jackson

Published:Sunday | December 3, 2017 | 12:00 AMSteven Jackson

Gwest Corporation plans to raise nearly $425 million in its initial public offering (IPO) this month in order to expand its business.The company plans to sell some 35 per cent of the company in the listing to the public, led by broker JMMB...

Published:Friday | December 1, 2017 | 12:00 AMSteven Jackson

​Caribbean Flavours & Fragrances (CFF) Limited, which makes flavours for food companies, aims to grow revenues nearly threefold in the medium term from its current base of $400 million...

Published:Friday | December 1, 2017 | 12:00 AMSteven Jackson

The Bureau of Standards Jamaica, BSJ, and energy interests are now testing gas from shipping vessels that end up for sale at the pump in an attempt to avoid a recurrence...

Published:Tuesday | November 28, 2017 | 12:00 AMSteven Jackson

LASCO Distributors Limited has advised that it expects to file an appeal in December challenging the Supreme Court's ruling on damages it awarded in the longstanding Pfizer case.Last Friday, Justice Vivene Harris awarded LASCO less than one per cent...

Published:Monday | November 27, 2017 | 3:12 PMSteven Jackson

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

Investors might want to consider diversifying away from local equities next year, according to Ryan Reid, Proven Wealth's assistant vice-president for wealth management.However, Reid said his own company is yet to determine its own investment path...

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

The operators of Barnett Tech Park, which provides space for operators in the business process outsourcing or BPO sector, spent US$10 million this year to construct two buildings spanning 100,000 square feet. It will take the total productive...

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

Electrical and lighting company FosRich plans to raise $200 million from a share float on the junior arm of the Jamaica Stock Exchange in December.The offer is priced at $2 a share for general public. It's being brokered by Stocks...

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

Jamaican banks are more stable than they were two years ago, but their regulatory oversight is 'weak' and 'reactive', according to ratings agency Standard...

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

Stewarts Automotive group launched the Velar, the newest line to the luxury Range Rover family, last Tuesday and indicated that it already has preorders for 10 clients.Jamaica joins the world in launching the highest-end Velars in its introduction...

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

Cargo Handlers Limited (CHL) and New Fortress Energy (NFE) have announced that both entities have commenced dealings which will see Cargo Handlers deliver product to the liquefied natural gas (LNG) provider.Cargo Handlers, which is based in Montego...

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

​Telecommunication provider Cable & Wireless Jamaica (C&WJ), which trades as FLOW, said it remains on track to hit "key metrics" with core earnings before interest, taxation, depreciation, and amortisation (EBITDA) up 38 per cent, despite recording a $378-million net loss...

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

Listed IT company tTech Limited has announced that Chris Reckord will lead the company as its new chief executive officer next year along with other board changes.Reckord,...

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

Crime and lack of security have led the island to miss annual development targets under its Vision 2030 plan aimed at giving the island developed country...

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

Kingston Wharves Limited (KWL) will open two logistics centres by December this year as part of its multibillion-dollar transformation.The company made $443.1 million net profit on revenues of $1.58 billion for the September third-quarter 2017 or a...

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

Riding high on another year of record profit of $19.1 billion, NCB Financial Group has advised investors to "stay tuned", signalling that it plans to maintain momentum into next year.But while the banking conglomerate is refusing to disclose the...

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

​Box maker AMG Packaging & Paper Limited expects to increase future earnings once it strips itself of the short-run toilet tissue business...

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

Jamaica's largest chain of coffee shops, Cafe Blue, is expanding into Portmore where it will open a seventh store by year end.It's the first major...

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

Business process out-sourcing firm Sutherland Global is adding about 400 jobs at its South Camp Road facility near downtown Kingston, which would effectively quintuple its...

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

Paramount Trading Limited upgraded its chlorine plant and will start producing bleach at another plant after striking a deal with Seprod Limited in October for its bleach assets.Paramount will repackage chlorine products at one plant, mainly for the...

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