Published:Monday | April 25, 2016 | 12:00 AMCamilo Thame
Caribbean Cement Company more than tripled its profit in the first quarter of 2016, setting a new earnings record.The $830 million net income for the three-month period by far improved on the $250 million posted for the comparative quarter in 2015,...
Published:Tuesday | April 26, 2016 | 12:00 AMCamilo Thame
Jamaica Private Power Company (JPPC) saw its loss position double in 2015.Its parent, Kenon Holdings, reported US$2 million ($234 million) net loss for last year compared with US$1 million the year before.The private power producer, which sells...
Published:Thursday | April 21, 2016 | 12:00 AMCamilo Thame
On the face of it, the Government seems likely to implement new tax measures this fiscal year.The current Budget calls for a $33.5-billion, or 8.2 per cent, increase in...
Published:Thursday | April 21, 2016 | 12:00 AMCamilo Thame
British Caribbean Insurance Company (BCIC) switched places with Advantage General Insurance (AGI) as the top grossing general insurer in Jamaica in 2015.AGI...
Published:Thursday | April 21, 2016 | 12:00 AMCamilo Thame
Pan Caribbean Sugar Company (PCSC) took a $7.3-billion hit to its bottom line in 2015.The latest reported deficit follows on $3.2 billion in net loss the year before.The Chinese-...
Published:Tuesday | April 12, 2016 | 12:00 AMCamilo Thame
Guardian Life Limited posted an 87 per cent jump in earnings in 2015.The $4.8 billion net profit last year largely reflected a one-off $3.5 billion gain from a change in the tax regime, which was offset by a $2.5 billion increase in the reserves for...
Published:Friday | March 11, 2016 | 12:00 AMCamilo Thame
Following on Money Time's success, Supreme Ventures Limited (SVL) is planning to introduce a sports betting game that will be drawn every five minutes."It will use a random number generator to determine the outcome of each (match)," SVL CEO Brian...
Published:Tuesday | March 8, 2016 | 12:00 AMCamilo Thame
Dolphin Cove's Ocho Rios water park incurred its first loss in three years.The marine tourist attraction located in St Ann reported a loss of $14 million (US$120,000) from $258 million (US$2.15...
Published:Monday | March 7, 2016 | 12:00 AMCamilo Thame
Benchmark Renewable Energy plans to construct a 10 million-gallon ethanol plant and grow the sweet sorghum that it intends to use as feedstock in Jamaica within the next two years.The Florida-based company also plans to sell the biofuel to Petrojam...
Published:Tuesday | March 8, 2016 | 12:00 AMCamilo Thame
GraceKennedy is finalising a deal that will see the conglomerate producing Arizona beverages for the Caribbean.Don Wehby said it is too early to say how sizeable the business being negotiated is, but the group CEO added that the arrangement is "not...
Published:Tuesday | March 1, 2016 | 12:00 AMCamilo Thame
The operators of Sangster International Airport boosted profitability on higher passenger traffic in 2015.Pacific Airport Group (GAP), which took over the Montego Bay-based airport last...
Published:Thursday | March 3, 2016 | 12:00 AMCamilo Thame
Kingston Wharves reported a 13 per cent increase in container moves and a 20 per cent increase in motor units handled at its berths last year, driven...
Published:Thursday | March 3, 2016 | 12:00 AMCamilo Thame
Jamaica Producers Group's (JPG) stakes in coffee and cargo-handling businesses continued to drive the food and logistics conglomerate earnings in 2015.It managed to eke out operating...
Published:Friday | February 26, 2016 | 5:24 PMCamilo Thame
The National Water Commis-sion (NWC) loses over 100 billion litres of water a year to leaks.This could fill the Mona and Hermitage dams 20 times, or fill the country's tallest building, The Jamaica Pegasus hotel in Kingston, 1,250 times. Put another...
Published:Tuesday | February 23, 2016 | 3:33 PMCamilo Thame
The Inter-American Development Bank (IDB) is looking at funding a US$160-million ($19.3 billion) project aimed at modernising the sugar industry in Jamaica, which has struggled to find a profitable footing.Details of the project, for which financing...
Published:Thursday | February 18, 2016 | 12:00 AMCamilo Thame
Jamaica saw a record 3.7 million tourists visit the island last year.Total visitors to the island grew by 5.3 per cent over the year before as stopover arrivals increased by 2.1 per cent to...
Published:Tuesday | February 16, 2016 | 1:43 PMCamilo Thame
Red Stripe Jamaica plans to bring production of its beer destined for sale in the United States market back home to Kingston.This will mean the end of a third-party brewing contract with City Brewing in Pennsylvania, which commenced in 2012.The...
Published:Tuesday | February 2, 2016 | 2:09 PMCamilo Thame
Local cartoon production house, GSW Animation, took a $27-million loss last year.Since start-up in 2012, the company has yet to turn a profit - it incurred losses of $7 million and $4 million in 2014 and 2013, respectively.It did manage to increase...
Published:Thursday | January 28, 2016 | 12:00 AMCamilo Thame
Jamaica registered 3.7 per cent inflation for 2015, according to the Statistical Institute of Jamaica, the lowest consumer price index (CPI) movement recorded in 15 years.But...
Published:Thursday | January 21, 2016 | 12:00 AMCamilo Thame
Stafford Burrowes sold another US$4.7 million ($570 million) in shares in Dolphin Cove as some minority shareholders held out on offering up their shares to Mexico-based World of...
Published:Thursday | January 21, 2016 | 12:00 AMCamilo Thame
In 1990, a two-day drug sting that turned up 2,000 pounds of cocaine stored in a farmhouse in Arizona would shed light on a tunnel which ran 200 feet...
