Thu | Nov 23, 2017

Stories by Steven Jackson

Published:Wednesday | November 22, 2017 | 12:00 AMSteven Jackson

Jamaican banks are more stable than they were two years ago, but their regulatory oversight is 'weak' and 'reactive', according to ratings agency Standard...

Published:Wednesday | November 22, 2017 | 12:00 AMSteven Jackson

The operators of Barnett Tech Park, which provides space for operators in the business process outsourcing or BPO sector, spent US$10 million this year to construct two buildings spanning 100,000 square feet. It will take the total productive...

Published:Wednesday | November 22, 2017 | 12:00 AMSteven Jackson

Electrical and lighting company FosRich plans to raise $200 million from a share float on the junior arm of the Jamaica Stock Exchange in December.The offer is priced at $2 a share for general public. It's being brokered by Stocks...

Published:Sunday | November 19, 2017 | 12:00 AMSteven Jackson

Stewarts Automotive group launched the Velar, the newest line to the luxury Range Rover family, last Tuesday and indicated that it already has preorders for 10 clients.Jamaica joins the world in launching the highest-end Velars in its introduction...

Published:Sunday | November 19, 2017 | 12:00 AMSteven Jackson

Cargo Handlers Limited (CHL) and New Fortress Energy (NFE) have announced that both entities have commenced dealings which will see Cargo Handlers deliver product to the liquefied natural gas (LNG) provider.Cargo Handlers, which is based in Montego...

Published:Friday | November 17, 2017 | 12:00 AMSteven Jackson

​Telecommunication provider Cable & Wireless Jamaica (C&WJ), which trades as FLOW, said it remains on track to hit "key metrics" with core earnings before interest, taxation, depreciation, and amortisation (EBITDA) up 38 per cent, despite recording a $378-million net loss...

Published:Friday | November 17, 2017 | 12:00 AMSteven Jackson

Listed IT company tTech Limited has announced that Chris Reckord will lead the company as its new chief executive officer next year along with other board changes.Reckord,...

Published:Friday | November 17, 2017 | 12:00 AMSteven Jackson

Crime and lack of security have led the island to miss annual development targets under its Vision 2030 plan aimed at giving the island developed country...

Published:Wednesday | November 15, 2017 | 12:00 AMSteven Jackson

Kingston Wharves Limited (KWL) will open two logistics centres by December this year as part of its multibillion-dollar transformation.The company made $443.1 million net profit on revenues of $1.58 billion for the September third-quarter 2017 or a...

Published:Sunday | November 12, 2017 | 12:00 AMSteven Jackson

Riding high on another year of record profit of $19.1 billion, NCB Financial Group has advised investors to "stay tuned", signalling that it plans to maintain momentum into next year.But while the banking conglomerate is refusing to disclose the...

Published:Friday | November 10, 2017 | 12:00 AMSteven Jackson

​Box maker AMG Packaging & Paper Limited expects to increase future earnings once it strips itself of the short-run toilet tissue business...

Published:Friday | November 10, 2017 | 12:00 AMSteven Jackson

Jamaica's largest chain of coffee shops, Cafe Blue, is expanding into Portmore where it will open a seventh store by year end.It's the first major...

Published:Friday | November 10, 2017 | 12:00 AMSteven Jackson

Business process out-sourcing firm Sutherland Global is adding about 400 jobs at its South Camp Road facility near downtown Kingston, which would effectively quintuple its...

Published:Wednesday | November 8, 2017 | 12:00 AMSteven Jackson

Paramount Trading Limited upgraded its chlorine plant and will start producing bleach at another plant after striking a deal with Seprod Limited in October for its bleach assets.Paramount will repackage chlorine products at one plant, mainly for the...

Published:Friday | November 3, 2017 | 12:00 AMSteven Jackson

Wisynco Group, a top beverage maker, will tap the stock market for funds to expand its reach across Jamaica and pay down on debt, through an initial public...

Published:Friday | November 3, 2017 | 12:00 AMSteven Jackson

Deep Blue Cable, the new telecoms operation backed by Irishman Denis O'Brien, plans to extend its fibre-optic cable project beyond the Caribbean into the Americas.The company...

Published:Friday | November 3, 2017 | 12:00 AMSteven Jackson

Lasco Distributors raved about its new canned salted fish as the forerunner of new products at the distributorship, seeking to avoid flatlining from its...

Published:Thursday | November 2, 2017 | 5:54 PMSteven Jackson

 

Medicanja Jamaica Limited six medical ganja products on Thursday, with plans to explore others.

Published:Wednesday | November 1, 2017 | 12:00 AMSteven Jackson

Caribbean Cement Company Limited is now hedging its fuel bill to stabilise its costs.The hedges began in the second quarter, amid rising sales and profit at the Rockfort-based operation.The group entered into forward contracts through its ultimate...

Published:Wednesday | November 1, 2017 | 12:00 AMSteven Jackson

Jamaica worsened by three spots to rank 70 in the Doing Business Report 2018, released Tuesday by the World Bank.The fall comes despite gains in the business environment - it's just that other economies performed even better in the pace of their...

Published:Sunday | October 29, 2017 | 12:00 AMSteven Jackson

BEIJING, China:Trendy companies in China are expanding into the west with spillover implications for consumers in Jamaica.From bicycles to drones to smartphones to mobile air conditioning units, the growth of these brands represents the movement of...

Published:Friday | October 27, 2017 | 12:00 AMSteven Jackson

Canopy Growth Corporation, which trades on the Toronto Stock Exchange as WEED, announced this week that it has formed a partnership with Jamaican investors.The...

Published:Wednesday | October 25, 2017 | 12:00 AMSteven Jackson

Beijing, China:China has called for more investment in new technologies with Latin America and the Caribbean, LAC, while insisting the great firewall of China will not affect trade.Latin America and the Caribbean represents the second-largest region...

Published:Friday | October 20, 2017 | 12:00 AMSteven Jackson

Express Catering Limited, which runs a series of food outlets at the airport in Montego Bay, expects to make a lot more revenue when it opens a...

Published:Friday | October 20, 2017 | 12:00 AMSteven Jackson

BEIJING, China:Chinese President Xi Jinping made the call to increase assistance and trade to developing countries in his wide-ranging speech that...

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