Fri | Nov 15, 2019

Stories by Steven Jackson/Business Reporter

Published:Wednesday | October 9, 2019 | 12:14 AMSteven Jackson/Business Reporter

Two foreign experts have declined board appointments at the scandal-hit state-owned oil refinery Petrojam. Energy Minister Fayval Williams expects to reconstitute the full board by year end. “If you are not a Jamaican familiar to the cut and thrust...

Published:Wednesday | August 28, 2019 | 12:36 AMSteven Jackson/Business Reporter

Knutsford Express Limited, which provides cross-country bus services, has invested about US$400,000 (J$55 million) to acquire its overseas bus-hireage service, KE Connect US. The company chose to invest a manageable amount in the business rather...

Published:Friday | April 12, 2019 | 12:44 AMSteven Jackson/Business Reporter

Jamaica’s transition to cleaner liquefied natural gas (LNG), now at nearly 25 per cent of generated power for the national grid, will move to 80 per cent in four years. It will result in one private supplier, United States-based New Fortress Energy...

Published:Wednesday | April 10, 2019 | 12:06 AMSteven Jackson/Business Reporter

The industrial air-conditioning supplier CAC2000 Limited reported that its sales dropped by one-third and its losses grew more than tenfold in the January quarter 2019 compared with the previous year, arising from roadwork disruptions adjacent to...

Published:Wednesday | March 27, 2019 | 12:07 AMSteven Jackson/Business Reporter

Third-quarter revenue at the Jamaica Broilers Group (JBG) grew by double-digits but costs contained profits to single-digit growth. Earnings per share totalled 73 cents for the quarter ending January 2019 versus $61 cents a year earlier. The group...

Published:Thursday | March 21, 2019 | 12:26 AMSteven Jackson/Business Reporter

In the face of criticism that his $14-billion tax break was inequitable, Nigel Clarke, Jamaica’s finance minister, gave a staunch defence of his $803-billion Budget but made two concessions raised by the Opposition in order to remove distortionary...

Published:Thursday | March 21, 2019 | 12:16 AMSteven Jackson/Business Reporter

Prime Minister Andrew Holness has assigned Karl Samuda to oversee the Ministry of Education, Youth and Information. Samuda is a minister without portfolio in the Ministry of Economic Growth and Job Creation whose remit included oversight of water,...

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