Thu | Sep 21, 2017

Stories by Steven Jackson

Published:Wednesday | September 20, 2017 | 9:00 AMSteven Jackson

Kingston Freeport Terminal Limited, the operators of Kingston Container Terminal, KCT, will add new cranes and employ more staff by year end to boost productivity at the trans-shipment terminal."We now have 860 workers and that will move to about...

Published:Wednesday | September 20, 2017 | 9:00 AMSteven Jackson

The Jamaica Stock Exchange (JSE) is knocking a day off the time it takes to settle stock market transactions from the current period of the trade date plus three days, referred to as T+3, to a T+2 cycle.This faster settlement cycle is meant to align...

Published:Wednesday | September 20, 2017 | 9:00 AMSteven Jackson

David Butler, the outgoing chief executive officer at telecom Digicel Jamaica, will take up an executive position at an aviation financing group in Ireland.He joins Stellwagen Group on October 1.Butler announced his resignation from Digicel Jamaica...

Published:Sunday | September 17, 2017 | 9:00 AMSteven Jackson

Beverage maker and distributor Wisynco Group will decide in six months whether to invest more in solar or develop a liquefied natural gas power plant.An internal study will determine the cost and the benefit of each energy source."We are looking at...

Published:Sunday | September 17, 2017 | 9:00 AMSteven Jackson

Architect Jeremy Millingen is part of a design team working on a new high-rise hotel that will overlook Barbican square, which itself is in the process of a transformation to bring better traffic flow management to the expanding commercial hub.The...

Published:Friday | September 15, 2017 | 9:00 AMSteven Jackson

Scotia Group Jamaica reported a $100-million drop in quarterly profit, despite narrow revenue gains for the No. 2 banking group that announced a leadership succession a...

Published:Wednesday | September 13, 2017 | 9:00 AMSteven Jackson

When former workers Christopher Boxe and Craig Hammond acquired Chilitos Restaurant on Hope Road in April 2015, within two months, their landlord gave them notice to vacate the premises.It turned out to be one of the best things to happen to the...

Published:Wednesday | September 13, 2017 | 9:00 AMSteven Jackson

Barita Investments Limited initially planned to release the name of the prospective buyer in October, but named its suitor on Tuesday instead, to end the speculation around the takeover.On Tuesday, Barita advised that it received an offer from...

Published:Wednesday | September 13, 2017 | 9:00 AMSteven Jackson

Angella Rainford, partner in Eight Rivers Energy Company, expects to start construction of the largest solar energy plant in Jamaica by December.Concurrently, Rainford expressed a "keen" interest in participating in additional energy projects. She...

Published:Wednesday | September 13, 2017 | 9:00 AMSteven Jackson

The University of West Indies, Mona (UWI) will set up and operate a 7 megawatt liquefied natural gas (LNG) facility, which is projected to shave off up to $350 million annually from the campus' energy costs.Those savings equate to around half of the...

Published:Tuesday | September 12, 2017 | 9:43 PMSteven Jackson

Barita Investments Limited advised today that the company has received an offer from financial services outfit, Cornerstone United Holdings Jamaica Limited, to purchase majority shareholding of the company.  It confirms earlier reports...

Published:Friday | September 8, 2017 | 9:00 AMSteven Jackson

Increased inventory at Stationery and Office Supplies Limited, SOS, resulted in double-digit sales gains and a 147 per cent rise in pre-tax profit for the second-quarter ending June...

Published:Friday | September 8, 2017 | 9:00 AMSteven Jackson

The company attempting to buy Barita Investments Limited is a non-competing local entity, says founder Rita Humphries-Lewin.On the face of it, the disclosure eliminates aggressive...

Published:Wednesday | September 6, 2017 | 9:03 AMSteven Jackson

Poultry company Jamaica Broilers Group, led by the Levy family, is executing a three-year plan to restructure its management and operations.Already, the company has conferred the title of president on the division heads of its country operations....

Published:Wednesday | September 6, 2017 | 9:00 AMSteven Jackson

Jamaica Producers Group Limited is refinancing debt used to acquire its large stake in port operator Kingston Wharves Limited.It will result in the early redemption of the JPG Variable Rate 2019 Notes on September 29, and the delisting of the bond...

Published:Sunday | September 3, 2017 | 9:00 AMSteven Jackson

The Musson Group is developing what appears to be a more than 50,000-square foot complex in the Half-Way Tree belt, but the company is keeping quiet on some of the details, including the size and investment, pending a formal roll-out of the project....

Published:Friday | September 1, 2017 | 9:00 AMSteven Jackson

Shareholders in Scotia Investments Jamaica Limited voted in favour of a resolution that will pave the way for its parent to delist the company."The resolution...

Published:Friday | September 1, 2017 | 9:00 AMSteven Jackson

ANSA Coatings Inter-national Limited offered on Thursday to buy all outstanding minority share-holders' stake in Berger Paints Jamaica at $10.88 per share,...

Published:Wednesday | August 30, 2017 | 8:03 AMSteven Jackson

NCB Capital Markets Limited described the performance of its chief competitor Scotia Investments Jamaica Limited (SIJL) as lacklustre, and recommended that investors take up the pending offer for their shares.NCBCap is the second brokerage house to...

Published:Wednesday | August 30, 2017 | 8:00 AMSteven Jackson

Blue Power Group Limited is finalising negotiations with Seprod Limited to co-package two laundry cake soaps mainly for export.The deal slated for signing in September will see Blue Power manufacturing Diamond and Cannon brands of laundry cake soaps...

Published:Sunday | August 27, 2017 | 8:00 AMSteven Jackson

Hardware & Lumber Limited (H&L) plans to modernise its 15 stores, adding a new facade and in-store kiosks, with funding from the $750 million of debt capital raised from a bond issued this month...

Published:Wednesday | August 23, 2017 | 8:30 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 | 8:51 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 | 8:00 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 | 8:00 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...

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