Published:Friday | July 29, 2016 | 12:00 AMSteven Jackson
National Commercial Bank Jamaica Limited (NCB) used up billions of its cash flow on the acquisition of a stake in Guardian Holding Limited (GHL) but now says it does not legally own the shares.In its newly released third-quarter results, the bank...
Published:Wednesday | July 27, 2016 | 12:00 AMSteven Jackson
A disheartened top pension lawyer Angela Fowler expressed disappointment that the Financial Services Commission (FSC) continues to delay, for nine months and counting, a '...
Published:Thursday | July 28, 2016 | 12:00 AMSteven Jackson
The ongoing plant expansion at Lasco Distributors resulted in the value of its plant and office space increasing some 50 per cent beyond the $1 billion...
Published:Thursday | July 28, 2016 | 12:00 AMSteven Jackson
Investment outfit Proven plans to inject a minimum of US$15 million in three regional private equity deals this financial year.The company also said it...
Published:Tuesday | July 26, 2016 | 12:00 AMSteven Jackson
The prospects for the economy are at record levels, according to the latest surveys of business and consumer confidence released on Tuesday.Don Anderson, the head of the firm that conducts the surveys, said consumer confidence remains high due in...
Published:Thursday | July 14, 2016 | 12:00 AMSteven Jackson
The creative industries led by music, film, and dance generated less formal activity last year due to curtailed capital expenditure, a trend that included large festival Reggae Sumfest, according to official data.Government marketing arm JAMPRO, a...
Published:Wednesday | July 20, 2016 | 12:00 AMSteven Jackson
JMMB Group Limited will spend US$420,000 ($53 million) on a solar energy system to power various offices across Jamaica this year.The project forms part of a wider move by JMMB to...
Published:Tuesday | July 19, 2016 | 12:00 AMSteven Jackson
Joe Bogdanovich, an American investor resident in Jamaica, is investing in The Renfrew hotel alongside business partner Evan Williams, but he is not inclined to disclose his level of interest in the project.At the launch of the project on Monday,...
Published:Tuesday | July 19, 2016 | 12:00 AMSteven Jackson
AMG Packaging & Paper Company Limited started selling its first line of toilet tissues, Tishoo, in the third quarter ending May, but its distributor suffered a major setback...
Published:Friday | July 15, 2016 | 12:00 AMSteven Jackson
The dream of architect Evan Williams to build the Renfrew Hotel in Kingston will now take form with a revelation by the that businessman Joe Bogdanovich will invest in the project.The hotel now seems set to begin construction on Monday after a...
Published:Tuesday | July 12, 2016 | 12:00 AMSteven Jackson
Jamaica worsened one spot to rank 83 in this year's Global Information Technology Report (GITR).The decline reflected continued low scores in the usage and the impact of...
Published:Monday | July 11, 2016 | 12:00 AMSteven Jackson
The worsening of Jamaica's rank, down by 49 spots in this year's world logistics index, related to its relatively low and slow infrastructure development, according to the authors of the World Bank report.As reported last week, Jamaica dropped from...
Published:Tuesday | July 12, 2016 | 12:00 AMSteven Jackson
Businesses can start using electronic commerce for trans-shipment activities on a local website linked to a wider network called the Port Community System (PCS) that cost US$8 million to create.The system developed by French company Soget SA, with...
Published:Tuesday | July 5, 2016 | 12:00 AMSteven Jackson
Students stroll by seemingly unaware that hidden behind a white-lined fence sit rows of giant ganja plants at one of the largest testing facilities on the island.Ganja Labs LLC, which grows legal marijuana at the University of Technology Jamaica (...
Published:Thursday | July 7, 2016 | 12:00 AMSteven Jackson
Caribbean Producers Jamaica Limited (CPJ), a supplier of liquors and food to the hospitality sector, will still post an accounting profit this year despite impairment of its...
Published:Thursday | July 7, 2016 | 12:00 AMSteven Jackson
Power utility Jamaica Public Service Company Limited (JPS) will seek to forge a deal with American electric car maker Tesla Motors in order to generate a buzz,...
Published:Thursday | June 30, 2016 | 12:00 AMSteven Jackson
A young pilot stepped into Wallenford Coffee Factory last month to buy roasted coffee beans that his mother - one of thousands of Jamaica coffee farmers - helped supply in an industry where business is again on the rise.Coffee financed his costly...
Published:Thursday | June 30, 2016 | 12:00 AMSteven Jackson
The World Bank office is yet to say why, but Jamaica's global logistics ranking plunged to 119 out of 160 nations, resulting in one of the world's largest free falls, according...
Published:Monday | June 27, 2016 | 12:00 AMSteven Jackson
The Jamaica Public Service Company (JPS), managers of the national electricity grid expects Golar LNG to ship liquefied natural gas to Jamaica, despite its heavy losses.Golar is contracted to New Fortress Energy (NFE), the latter being JPS's...
Published:Thursday | June 23, 2016 | 12:00 AMSteven Jackson
The Jamaica Stock Exchange Limited (JSE) will consider a stock split following the more than tenfold rise in its stock price in 2015.The chairman, Allan Lewis, revealed the...
Published:Wednesday | June 22, 2016 | 12:00 AMSteven Jackson
Blue Power Group, which makes soaps and trades lumber, will spend $30 million to upgrade its production facilities and add warehouse space to introduce a second...
Published:Wednesday | June 22, 2016 | 12:00 AMSteven Jackson
Jamaica increased its foreign direct investments (FDI) to US$794 million in 2015, which equates to the second-largest flows in the grouping of Small Island Developing States (SIDS), according to the World Investment...
Published:Monday | June 20, 2016 | 12:00 AMSteven Jackson
More than US$550 million of investments in hotel projects are rolling out this year and the next, according to the annual market filing by the Ministry of Finance released this week.The spend spanning 10 projects does not incorporate the casino...
