Published:Friday | September 9, 2016 | 12:00 AMSteven Jackson
Rezworth Burchenson, a director of the Pension Fund Association of Jamaica (PFAJ), hopes regulations set for 2017 will, among other things, "save workers from themselves" by denying them cash refunds from their pension contributions at job...
Published:Thursday | September 1, 2016 | 12:00 AMSteven Jackson
Telecoms players earned $20 billion in total revenues split across voice mobile, fixed and Internet segments for the latest September 2015 quarter, or 15 per...
Published:Thursday | September 8, 2016 | 12:00 AMSteven Jackson
Minority share-holders of Cable & Wireless Jamaica (C&WJ) on Wednesday defied the board of directors and voted against a standard resolution to set pay for auditor KPMG in order to make a wider point on transparency....
Published:Tuesday | August 30, 2016 | 12:00 AMSteven Jackson
Pan-Jamaican Investment Trust executives are encouraged by prospects of cruise passengers docking in downtown Kingston within proximity of its ongoing real...
Published:Thursday | September 1, 2016 | 12:00 AMSteven Jackson
A dozen of the 63 retail stores operating at the Sangster International Airport will see their licence come up for renewal next year, at a time when MBJ Airports...
Published:Thursday | August 25, 2016 | 12:00 AMSteven Jackson
The managers of listed company Sterling Investments Limited (SIL) say the stock will find its true value with increased liquidity expected from two share-buying programmes launched for existing shareholders.Gleaner Business reported in May that SIL...
Published:Tuesday | August 30, 2016 | 12:00 AMSteven Jackson
MBJ Airports Limited, which operates the Sangster International Airport in Montego Bay, expects the runway project to cost of about US$60 million.The extension of the runway to about three kilometres would increase the safety for aircraft while also...
Published:Thursday | August 25, 2016 | 12:00 AMSteven Jackson
Blue Power Group Limited grew sales from both its soap and lumber divisions, which bubbled first-quarter 2016 net profits up 101 per cent year on year.Earnings per stock unit for the...
Published:Monday | August 22, 2016 | 12:00 AMSteven Jackson
Jammin Java Corp will seek to sell the coffee company if its countersuit against former chairman Rohan Marley and push to regain licensing control of the Marley Coffee name fail.Marley stepped down as chairman of Jammin Java last month amid a...
Published:Tuesday | August 23, 2016 | 12:00 AMSteven Jackson
In the wake of the surprise resignation of its latest general manager, whose exit becomes official this month end, coffee processor Salada has tapped one of the company's executives to lead the operation.Jerome Miles' tenure lasted 20 months.His...
Published:Monday | August 15, 2016 | 12:00 AMSteven Jackson
Kingston Wharves Limited (KWL) continues to spend hundreds of millions in preparation for increased shipping activity arising from expansion of the Panama...
Published:Tuesday | August 16, 2016 | 12:00 AMSteven Jackson
Sterling Investments Limited (SIL), an offshore investment firm listed on the Jamaica Stock Exchange (JSE), announced that net profit for the first half of 2016 almost...
Published:Wednesday | August 17, 2016 | 12:00 AMSteven Jackson
Jamaica Producers Group (JP) will classify Kingston Wharves Limited (KWL) as its subsidiary in the third quarter, the upshot being the port company will be included in the...
Published:Thursday | August 18, 2016 | 12:00 AMSteven Jackson
Online retailer Amazon has issued a notification that it will drop Caribbean curry products affected by a recall in the United States from its platform.Here in Jamaica,...
Published:Monday | August 15, 2016 | 12:00 AMSteven Jackson
THE US food regulator issued an order for Miami-based Oriental Packing Company Inc to recall some 377,000 pounds of curry products, on which companies including GraceKennedy Limited stamp their brands. The order, issued by the Food and Drug...
Published:Friday | August 12, 2016 | 12:00 AMSteven Jackson
The Government of Jamaica announced that its offer to buy back 2017 and 2019 old bond notes was accepted, which paves the way for it to offer up to US$1.2 billion to investors to finance the purchase of the old notes.Jamaica intends to apply to have...
Published:Tuesday | August 9, 2016 | 12:00 AMSteven Jackson
Mavis Bank Coffee Factory Limited, makers of Jablum coffee, will in two months start islandwide sales of its repackaged Jamaica Blue Mountain Premium Blend, which aims to satisfy tourists and locals’ affinity for the traditional crocus bags...
Published:Thursday | August 11, 2016 | 12:00 AMSteven Jackson
Seprod Limited earned $594 million in net profit for its June second quarter or 135 per cent more year-on-year, due to improved operations and appreciation...
Published:Tuesday | August 9, 2016 | 12:00 AMSteven Jackson
The board of Cargo Handlers Limited (CHL) has approved a tenfold increase of the company's ordinary shares via a stock split.CHL's shares, which trade on the junior market, are tightly held by the Hart family. CEO Mark Hart and Chairman Antony Hart...
Published:Tuesday | August 9, 2016 | 12:00 AMSteven Jackson
National Commercial Bank Jamaica (NCB) said that its regulator, the Bank of Jamaica (BOJ), knew of the method it utilised to acquire a stake in Trinidad-based Guardian Holdings Limited (GHL).NCB, the largest banking group in Jamaica, indicated that...
Published:Thursday | August 4, 2016 | 12:00 AMSteven Jackson
Lasco Financial Services Limited (LFL) grew its phone sales division to a dozen locations during the first six months of launching the service, which contributed to the...
Published:Thursday | August 4, 2016 | 12:00 AMSteven Jackson
The Caribbean Development Bank (CDB) wants to know the feasibility of the private sector setting up a Caribbean music platform to sell online music in a bid to...
Published:Tuesday | August 2, 2016 | 12:00 AMSteven Jackson
The rapid uptake of the iCool drink was a primary driver of the $1.5 billion worth of new beverage sales for Lasco Manufacturing Limited (LML) for year ending March 2016.Profits shot up by one-third in the year, from 15 cents to 20 cents per share,...
Published:Tuesday | August 2, 2016 | 12:00 AMSteven Jackson
Over the first six months of this year, net profit at conglomerate GraceKennedy Limited nearly doubled to $2.7 billion buffered by gains on the liquidation of dormant companies based overseas."These gains related to dormant companies with no...
Published:Thursday | July 28, 2016 | 12:00 AMSteven Jackson
Proven Investments Limited made a profit of US$1.97 million, or 0.36 cents per share, at the quarter ending June, compared to 27 cents per share in the prior year.This represents an annualised return on equity of 12.35 per cent for the quarter....
