Thu | May 23, 2019

Stories by Steven Jackson

Published:Friday | June 23, 2017 | 12:00 AMSteven Jackson

Main Event Entertainment Group earnings improved marginally in the first quarter, but rose by double digits in the second quarter ending April, despite an overall...

Published:Wednesday | June 21, 2017 | 12:00 AMSteven Jackson

Trinidad & Tobago conglomerate ANSA McAL Limited has signed an agreement to fully acquire Lewis Berger Limited (LBOH), which holds Berger Paints assets in Jamaica, Trinidad and Barbados...

Published:Wednesday | June 21, 2017 | 12:00 AMSteven Jackson

The Caribbean Mezzanine Fund co-managed by Eppley Limited and NCB Capital Markets Limited made its first deal this year.The near US$16-million fund offers loans to companies, with the option of taking a slice of the ownership as equity."In the first...

Published:Sunday | June 18, 2017 | 12:03 AMSteven Jackson

Power utility Jamaica Public Service Company (JPS) plans to build a 24.5-megawatt facility to store energy as a safeguard against power outages.It's described as the first of its kind in the Caribbean.JPS plans to build the facility next year, but...

Published:Friday | June 16, 2017 | 12:00 AMSteven Jackson

The state-run Jamaica Business Development Centre (JBDC) wants to start churning out $100 million companies through its recently...

Published:Friday | June 16, 2017 | 12:00 AMSteven Jackson

Coffee Traders Limited, one of the big three coffee companies, has added a chocolate-coated delicacy which it will retail through its own chain of...

Published:Friday | June 16, 2017 | 12:00 AMSteven Jackson

A large trade of Caribbean Producers Jamaica (CPJ) shares, valued at $333 million and amounting to one-tenth of the company, was executed this week,...

Published:Wednesday | June 14, 2017 | 12:00 AMSteven Jackson

Scotia Group Jamaica will spend up to $3.7 billion to purchase all outstanding shares in Scotia Investments Jamaica Limited, assuming full take up of its offer to buy out minority owners of the company.The group wants to take the company private in...

Published:Monday | June 12, 2017 | 3:53 PMSteven Jackson

Scotia Investments Jamaica Limited today revealed a long-suspected plan for its parent company to purchase all outstanding shares in the securities dealer to take the company private. It would result in the delisting of the stock ...

Published:Friday | June 9, 2017 | 12:00 AMSteven Jackson

PanJam Investment Limited raised $2.7 billion from a new bond, issued in two tranches, a portion of which will pay off maturing debt in its third approach to the...

Published:Friday | June 9, 2017 | 12:00 AMSteven Jackson

Termination charges for phone calls that connect to fixed-line phones, or wholesale rates, are to be cut by 70-90 per cent, starting next month.A...

Published:Friday | June 9, 2017 | 12:00 AMSteven Jackson

Main Event Entertainment Group's shares regained some lost ground in early trading on Thursday after the release of financial results this week showing reduced earnings...

Published:Wednesday | June 7, 2017 | 12:00 AMSteven Jackson

JMMB Group acquired full control of saving and loans bank Corporacion de Credito America SA in February, for which it recorded a net loss of nearly $88 million.JMMB will wind up the bank and transfer its portfolio to Banco Rio, another bank it...

Published:Wednesday | June 7, 2017 | 12:00 AMSteven Jackson

The Branson Centre of Entrepreneurship, which trains start-up businesses, plans to widen its scope to include investing in medium-sized companies financed by Proven Investments Limited and other supporting entities.It shifts the centre from an...

Published:Friday | June 2, 2017 | 12:03 AMSteven Jackson

Details are now emerging that Proven Investments Limited bought the Bank of St Lucia International (BOSLIL) at a "bargain" price, or roughly...

Published:Wednesday | May 31, 2017 | 12:00 AMSteven Jackson

Key Insurance Company's claims are growing faster than premium income - and locking out profits.But the general insurer, which went public just over a year ago, expects revenues to rise in coming quarters amid risk management measures to mitigate...

Published:Wednesday | May 31, 2017 | 12:00 AMSteven Jackson

Trade Winds Citrus Limited showed off a new production line on Tuesday that caps $1.25 billion of investment in Tetra Pak packaging over three years.The beverage company says it's now in a better position to displace juice imports.The investment...

Published:Sunday | May 28, 2017 | 12:00 AMSteven Jackson

Heineken International now controls nearly 96 per cent of Desnoes & Geddes Limited, which trades as Red Stripe Jamaica, but may be willing to buy up the rest...

Published:Friday | May 26, 2017 | 12:00 AMSteven Jackson

Desnoes & Geddes Limited, operating company for the Red Stripe Jamaica brewery, will invest €12 million or about $1.7 billion this year in order to develop a...

Published:Wednesday | May 24, 2017 | 12:00 AMSteven Jackson

Digicel was initially a partner with Chris Dehring in the company that will operate new subscriber service, ReadyTV, but that relationship ended years ago.Now the two companies will vie in the same market when ReadyTV formally launches into business...

Published:Wednesday | May 24, 2017 | 12:00 AMSteven Jackson

A plan first announced two years ago to expand the cruise port of Falmouth to accommodate two of the world's largest ships simultaneously is to be executed this year, pending approval from the planning authority.It will require the dredging and...

Published:Friday | May 19, 2017 | 12:00 AMSteven Jackson

Kingston Properties Limited (KPREIT), which earns from commercial and residential real estate investments, is now eyeing Michigan, Georgia, and Texas for further incursions into...

Published:Friday | May 19, 2017 | 12:00 AMSteven Jackson

Trade Winds Citrus Limited (TWC) will show off a new production line at the end of the month, a new investment that marks the company's entry into the manufacture of dairy products...

Published:Wednesday | May 17, 2017 | 12:00 AMSteven Jackson

Jamaica Stock Exchange Limited (JSE) reported declining income for its first quarter, but it expects upcoming stock market listings to increase its fee income in the periods ahead.It's the first decline in net income for the operator of Jamaica's...

Published:Wednesday | May 17, 2017 | 12:00 AMSteven Jackson

Cable & Wireless Jamaica (C&WJ), which trades as Flow Jamaica, recorded a $533 million net loss for its first quarter, which reversed the profit earned a year earlier. In the wake of those results, the telecom advised customers to expect an increase in their cable bills, effective June 1...

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