Published:Tuesday | January 26, 2016 | 12:00 AMSteven Jackson
Jamaica moved up five slots on the Forbes 'Best Countries for Business' list.The newly released report shows Jamaica moving from 64 to 59, which equated to the top country in the Caribbean for business...
Published:Wednesday | January 27, 2016 | 12:00 AMSteven Jackson
Cannonball Café, one of the largest coffee houses with four locations in Kingston, was acquired by two Matalon sisters and a spouse, who plan to keep the brand but...
Published:Wednesday | January 27, 2016 | 12:00 AMSteven Jackson
Ten companies submitted bids to build and operate renewable energy plants that run on solar, wind, water or waste, but two are in danger of being disqualified for non-...
Published:Thursday | January 28, 2016 | 2:29 PMSteven Jackson
The Combined Index of the Jamaica Stock Exchange (JSE) declined by 3,176.12 points or 1.84 per cent to close at 169,880.83. Overall market activity resulted from trading in 42 stocks of which 22 advanced, 13 declined and 7 traded firm. Stocks...
Published:Tuesday | January 26, 2016 | 12:53 PMSteven Jackson
Construction firm 138 Student Living Jamaica (138 SL) has put into operation roughly one-third of the planned 1,584 rooms under development at University of the West Indies, Mona (UWI, Mona)."We now have 504 rooms in operation," said chair John Lee...
Published:Tuesday | January 26, 2016 | 3:23 PMSteven Jackson
The Jamaica Stock Exchange Combined Index advanced by 175.31 points, or 0.10 per cent, to close at 170,513.05 on Tuesday. Market volume amounted to 4.1 million units valued at over $53.48 million. Jamaica Broilers Group was the volume leader with...
Published:Monday | January 18, 2016 | 6:28 PMSteven Jackson
The announcement of an agreement between Jamaica Public Service Company (JPS) and a Chinese firm is expected this week for the construction of the new energy plant at Old Harbour.JPS and American company New Fortress Energy are executing separate...
Published:Wednesday | January 20, 2016 | 12:00 AMSteven Jackson
Nature Teas, a hot beverage start-up which proposes to launch products locally and overseas, beat out companies that already are racking up hundreds of millions in sales to...
Published:Thursday | January 21, 2016 | 2:39 PMSteven Jackson
The Combined Index of the Jamaica Stock Exchange rose 1,080 points or 0.65 per cent to close at 168,293.36 points on Thursday. Some 54.2 million units traded on the JSE valued at $115 million. Of the 40 stocks that traded, 16 gained in value, 16...
Published:Wednesday | January 20, 2016 | 1:27 PMSteven Jackson
JSE CAPITAL MARKETS CONFERENCE Trade expert Ambassador Richard Bernal uncharacteristically expressed frustration that Caribbean policymakers react too slowly to global changes. It came in response to a query from the floor immediately following his...
Published:Tuesday | January 19, 2016 | 2:21 PMSteven Jackson
The Combined Index of the Jamaica Stock Exchange lost 3,936 points or 2.3 per cent to close down at 167,170.08 points on Tuesday. Over 6.1 million units traded on the JSE valued at $63.4 million. Of the 45 stocks that traded, 20 gained in value, 15...
Published:Monday | January 18, 2016 | 4:24 PMSteven Jackson
The Combined Index of the Jamaica Stock Exchange gained 3,281.87 points or 1.96 per cent to close at 171,105.92 points on Monday. Roughly 3.2 million units traded on the JSE valued at $31.3 million, with two Lasco companies as the volume...
Published:Thursday | January 14, 2016 | 9:25 AMSteven Jackson
Montego Bay kept its rank for a third year as the ninth most loved vacation destination for Americans, based on the findings from Travel Leaders Group's 2016 travel trends survey.It signals the endurance of the Jamaican resort city's brand during a...
Published:Monday | January 11, 2016 | 1:02 PMSteven Jackson
Lee-Chin's Portland equity fund to raise US$10m from JSE listingSteven JacksonSenior Business ReporterMichael Lee-Chin's Portland Private Equity Limited intends to list a special-purpose entity called PJX on the Jamaica Stock Exchange (JSE) by April...
Published:Wednesday | January 13, 2016 | 2:44 PMSteven Jackson
138 Student Living raises $6.7bJSCD Trustee named as lender, but parent JSE says no waySteven JacksonSenior Business ReporterListed construction start-up 138 Student Living Jamaica Limited negotiated $6.7 billion in loans last year, the majority of...
Published:Friday | January 8, 2016 | 11:25 AMSteven Jackson
Portland Private Equity (PPE) recently raised $1.5 billion from two dozen pension funds and financial institutions for its Caribbean Fund II, according to partner Mariame McIntosh Robinson, who led the complex transaction.The deal has regional...
Published:Tuesday | January 12, 2016 | 11:57 AMSteven Jackson
Tullow Jamaica Limited will begin 2D seismic surveys south of the island today, Wednesday, in a zone it is licensed to prospect to determine the possible presence of oil and gas.It's the latest development in the island's search for the fossil."The...
Published:Thursday | January 7, 2016 | 12:00 AMSteven Jackson
Coffee companies make great margins by blending expensive coffee with cheaper ones which equates to hundreds of millions of dollars for the local retail...
Published:Thursday | January 7, 2016 | 12:00 AMSteven Jackson
The Gleaner's shareholders have voted overwhelmingly to approve three resolutions that will change the name of the company and the way in which it will operate what is left of its business post-amalgamation, as it charts a course for the anticipated...
Published:Thursday | January 7, 2016 | 12:38 PMSteven Jackson
The World Bank forecasts 2.1 per cent growth for Jamaica in 2016 while lauding increased consumer confidence amid international lending arrangements. The growth in the island trails the Global forecast of 2.9 per cent but massively beats the...
Published:Monday | January 4, 2016 | 2:41 PMSteven Jackson
The Kingston-based bakery Honey Bun Limited is planning to spend US$250,000 to invest in its own 100-kilowatt solar-energy system at its factory in Kingston with the objective of increasing efficiency.The project is expected to save the company,...
Published:Tuesday | January 5, 2016 | 1:34 PMSteven Jackson
Jamaica will grow at a projected 1.5 per cent in 2016, which improves on last year and will mean faster economic expansion than its oil-rich neighbour Trinidad and Tobago (T...
Published:Monday | December 28, 2015 | 7:32 PMSteven Jackson
Noranda Aluminum Holding Corporation, which mines bauxite in Jamaica through a subsidiary, will record a US$5.5 million (J$660 million) non-cash charge as a result of losing its arbitration case against the Government of Jamaica.Noranda Bauxite...
Published:Tuesday | December 22, 2015 | 12:00 AMSteven Jackson
Proven Investments Limited has agreed to sell its 20 per cent stake in Knutsford Express Limited, the cross-country luxury-bus service, for some $220 million, a move that will allow it to double its investment in the company.Sources indicate that a...
Published:Tuesday | December 22, 2015 | 2:34 PMSteven Jackson
The Stafford Burrowes-led Dolphin Cove Limited has called on investors to accept the offer from Mexico-based World of Dolphins, which will spend up to US$11 million (J$132 million) to acquire additional shares.World of Dolphins wants to acquire just...
