Mon | May 20, 2019

Stories by Steven Jackson

Published:Wednesday | August 23, 2017 | 2:30 PMSteven Jackson

Telecommunications provider Digicel Jamaica wants local providers to broadcast in 4K ultra high definition resolution as it considers launching the technology over its cable network. 4K resolution, also called 4K, refers to a horizontal...

Published:Wednesday | August 23, 2017 | 10:51 AMSteven Jackson

The Jamaica Stock Exchange Limited (JSE) today advised that Robin Levy, its deputy general manager has tendered his resignation to take effect on October 31. Levy has also resigned his post as general manager of the Jamaica Central Securities...

Published:Wednesday | August 23, 2017 | 12:00 AMSteven Jackson

Office supplies company Neveast Supplies Limited acquired property on Skibo Avenue in Kingston for north of US$300,000 to expand its warehouse space.It comes as the company considers further growth options, to be backed by fresh capital, either in...

Published:Sunday | August 20, 2017 | 12:00 AMSteven Jackson

Telecommunications provider Cable & Wireless Jamaica (C&WJ), which trades as FLOW, plans to connect more than 200 communities with improved 4G mobile and digital cable services this year...

Published:Friday | August 18, 2017 | 12:00 AMSteven Jackson

Jamaica plans to raise US$1 billion ($128 billion) on the international market through two bond transactions that are expected to close today, Friday.The placements are...

Published:Friday | August 18, 2017 | 12:00 AMSteven Jackson

Bill payment provider Paymaster expects to grow its business by five per cent following its deal with CUNA Caribbean Insurance Jamaica Limited.The move seeks to make payment...

Published:Wednesday | August 16, 2017 | 12:00 AMSteven Jackson

Digicel Group founder and chairman Denis O'Brien holds the largest stake in Deep Blue Cable, the new entity that aims to string the region with underwater fibre-optic cables.Deep Blue is not connected to Digicel, which has operations in the...

Published:Wednesday | August 16, 2017 | 12:00 AMSteven Jackson

Telecommunications company Cable & Wireless Jamaica (C&WJ), which trades as FLOW Jamaica, made $222 million in net profit after tax for its June second quarter, reversing a $695 million net loss a year earlier...

Published:Sunday | August 13, 2017 | 12:00 AMSteven Jackson

When aspiring filmmaker Danielle Russell attends a leading film festival in France later this year, she will likely be more concerned with making deals than simply showing her short film.Industry events like the Clermont-Ferrand International Short...

Published:Friday | August 11, 2017 | 12:00 AMSteven Jackson

Deep Blue Cable, a North American-led company formed in St Lucia, plans to develop and operate a fibre-optic cable network which will initially land...

Published:Wednesday | August 9, 2017 | 12:00 AMSteven Jackson

Brewery company Desnoes & Geddes Limited, which trades as Red Stripe Jamaica, has coined a new market segment for its own, which it calls 'rootsy'...

Published:Wednesday | August 9, 2017 | 12:00 AMSteven Jackson

Oil and gas company Tullow Oil confirmed that it will conduct a 3D seismic survey off the coast of Jamaica to provide more detailed information of an area it found with live oil.Those surveys will get under way sometime next year."We cannot give...

Published:Wednesday | August 9, 2017 | 12:00 AMSteven Jackson

Spirits company J. Wray & Nephew Limited (JWN) grew rum sales to nearly $6 billion globally over the first six months of the year.The Jamaica rum portfolio, which includes Appleton, J. Wray and Wray & Nephew Overproof rums, made €41.4 million...

Published:Wednesday | August 9, 2017 | 12:00 AMSteven Jackson

Barita founder Rita Humphries-Lewin has enough voting power to swing a yes vote on a bid for majority control of the firm she founded 40 years ago, a takeover offer that is currently under review by the company's board, but the deal would also be...

Published:Sunday | August 6, 2017 | 12:00 AMSteven Jackson

Cigarette distributor Carreras Limited will consider splitting its stock at a board meeting next week but already the stock price has jumped in anticipation of a yes vote by directors.The company's shareholders would also have to approve the split....

Published:Friday | August 4, 2017 | 12:00 AMSteven Jackson

New Fortress Energy will hire 425 persons during the construction stage of the planned US$265-million natural gas facility to be developed...

Published:Friday | August 4, 2017 | 12:00 AMSteven Jackson

Luxury coach company Knutsford Express Services Limited is in negotiations with airlines to better coordinate ground transport for air...

Published:Friday | August 4, 2017 | 12:00 AMSteven Jackson

The Starbucks coffee shops to be opened in Jamaica will likely be supplied with roasted beans by Starbucks International from its own roastery overseas, an...

Published:Friday | August 4, 2017 | 12:00 AMSteven Jackson

​Medical Disposables & Supplies Limited (MDS) suffered from a shortage of stock during its first quarter ending June, which led to a dip in profits. Earnings per share for the quarter totalled $0.06 versus $0.07 a year earlier...

Published:Wednesday | August 2, 2017 | 12:00 AMSteven Jackson

NCB Capital Markets, through its Cayman subsidiary, recently partnered with American firm Oppenheimer & Company (Opco) as the distributor in the Caribbean for a US$150-million global bond issued by Invatlan, the largest financial services group in Honduras...

Published:Sunday | July 30, 2017 | 12:00 AMSteven Jackson

Ian Dear-led Express Catering Limited (ECL) will open three Starbucks cafes at the Sangster International Airport (SIA) in Montego Bay, a US$1.4 million investment that would form its latest drive to augment revenues at the newly listed company.ECL...

Published:Sunday | July 30, 2017 | 12:00 AMSteven Jackson

The Jamaica Public Service Company (JPS), the island's sole distributor of electricity, said it will be doubling its expenditure on energy projects by December this year in an attempt to drive down the cost of energy.JPS views the investment as key...

Published:Friday | July 28, 2017 | 12:00 AMSteven Jackson

Jamaica Stock Exchange Limited, the JSE Group, expects increased trading activity with new listings, another two of which will take place in early August.The newest market...

Published:Friday | July 28, 2017 | 12:00 AMSteven Jackson

The Caribbean Cement Company (CCC) more than doubled its quarterly profit despite donating 3,000 bags of cement to flood victims and halting exports during the...

Published:Wednesday | July 26, 2017 | 12:00 AMSteven Jackson

Jamaican scientist and entrepreneur Dr Henry Lowe now plans to sell his recently approved anti-cancer drug made from ganja.He is currently in preliminary talks with pharmaceutical interests who want to fully acquire or license the rights to Cresorol...

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