Thu | Apr 26, 2018

Stories by Steven Jackson

Published:Sunday | April 22, 2018 | 12:00 AMSteven Jackson

AMG Packaging & Paper Limited (AMG), which makes cardboard boxes, suffered from reduced profits arising from increased paper prices on the global market...

Published:Sunday | April 15, 2018 | 12:00 AMSteven Jackson

Jamaican households are increasingly living beyond their means as more than half of their disposable income goes towards paying back loans, a trend that concerns the financial stability committee enough for it to consider studying its drivers....

Published:Sunday | April 8, 2018 | 12:00 AMSteven Jackson

Cable & Wireless Jamaica, a local telecoms with a checkered reputation from its past days as a powerful telephone monopoly, would have celebrated 30 years as a listed company this year...

Published:Sunday | April 1, 2018 | 12:00 AMSteven Jackson

Kaya Inc, a licensed ganja business in Jamaica that opened its first ganja cafe in Ocho Rios in March, is going public in Canada and will list on the Toronto Stock Exchange. Under the transaction, Kaya will enact a "reverse takeover" with a listed...

Published:Sunday | March 25, 2018 | 12:00 AMSteven Jackson

Brokerage house Mayberry Investments Limited is expected to list its subsidiary on the Jamaica Stock Exchange (JSE) by April, pushing back the listing by about a month.In preparation for the listing, wholly owned subsidiary Mayberry West Indies...

Published:Sunday | March 25, 2018 | 12:00 AMSteven Jackson

The Caribbean Cement Company, the sole manufacturer of the product in Jamaica, could reduce its associated costs by more than a third or about US$10 million (about J$1.27 billion) annually when it exits a lease agreement with its parent company,...

Published:Sunday | March 18, 2018 | 12:00 AMSteven Jackson

Mavis Bank Coffee Company Limited, operators of the Jablum profit, is going mainstream with its cafes, another three of which are to be rolled out over a one-year span.The coffee houses grew to three last Monday with the launch of a store at NCB...

Published:Friday | February 23, 2018 | 6:18 PMSteven Jackson

  The takeover offer by NCB Financial Group for Guardian Holding Limited of Trinidad has been allowed to lapse, even though the take up went beyond target. What that means exactly for whether the acquisition bid is dead or dormant will become...

Published:Sunday | January 28, 2018 | 12:00 AMSteven Jackson

NCB Financial Group Limited defended its takeover bid for Guardian Holdings Limited, which has met with resistance from some minority GHL owners in Trinidad...

Published:Friday | January 26, 2018 | 3:51 PMSteven Jackson

  Driss Temsamani of Citi Latin America defended the underlining technology for cyptocurrencies but stayed clear of speculating on the recent waning value of bitcoin. Bitcoin surpassed US$19,000 last December but now hovers at US$11,250....

Published:Thursday | January 25, 2018 | 5:45 PMSteven Jackson

JSE CAPITAL MARKETS CONFERENCE The police apprehended two men in Papine, St Andrew who hacked their way into banks earlier this month, according to National Security Minister Robert Montague.  “There is a case two weeks...

Published:Thursday | January 25, 2018 | 12:35 PMSteven Jackson

Finance Minister Audley Shaw expects Jamaica’s debt-to-gross domestic product (GDP) ratio to fall towards 105 per cent by the end of the fiscal year. The quicker fall is in part due to the recent round of currency appreciation...

Published:Friday | January 5, 2018 | 12:00 AMSteven Jackson

Brokerage firm Mayberry Investments Limited will list its subsidiary on the Jamaica Stock Exchange, JSE, before the end of March, which could see it raising more than a $1 billion of...

Published:Wednesday | January 3, 2018 | 12:00 AMSteven Jackson

The authors of an IMF working paper are advocating for a 'pan-Caribbean market' for non-performing loans, or NPLs, to reduce distressed assets in banks across the region.The paper indicated that the average NPL ratio across the Caribbean is high at...

Published:Wednesday | January 3, 2018 | 12:00 AMSteven Jackson

A Jamaican shareholder is trying to sue Cable & Wireless Jamaica (CWJ), claiming that financial transfers to its British parent company, Cable and Wireless Communications Plc, have weakened the local telecoms over time...

Published:Friday | December 29, 2017 | 6:34 PMSteven Jackson

  Liberty Global, the ultimate parent company of Cable & Wireless Jamaica, made an offer to acquire all minority shareholding in the listed local entity that trades on the Jamaica Stock Exchange. Liberty is offering $1.45 per...

Published:Friday | December 29, 2017 | 12:00 AMSteven Jackson

Eppley Limited, which mainly provides insurance premium financing, will float two preference stock as the first out of the blocks to fundraise on the market in the new...

Published:Thursday | December 28, 2017 | 11:37 AMSteven Jackson

Desnoes & Geddes, which trades as Red Stripe Jamaica, will make eight positions redundant in the New Year with most choosing voluntary retirement, an official has indicated.  It comes as the company launched a new plant to increase...

Published:Wednesday | December 27, 2017 | 12:00 AMSteven Jackson

Ciboney Group, a darling listed company back in the 1990s that got caught up in the financial sector meltdown, has sold its prized property asset for US$2 million (J$250 million) after several years holding out for the right buyer.But the price...

Published:Sunday | December 24, 2017 | 12:00 AMSteven Jackson

More companies are seeking a slice of the rum cake market dominated by Tortuga International, which makes roughly US$18 million in sales, regionally.The makers of Kiss cakes launched a rum fruitcake for Christmas, while coffee company Country...

Published:Friday | December 22, 2017 | 12:00 AMSteven Jackson

Food and financial services conglomerate GraceKennedy Limited wants to explore the possibility of loading its mobile wallet, branded GK MPay, with bitcoins or other...

Published:Wednesday | December 20, 2017 | 12:00 AMSteven Jackson

Red Stripe Jamaica on Tuesday launched its new Production Line 8 that will grow the brewery's capacity to one million beers per day, powered by liquefied natural gas.The new line will nearly triple the plant's capacity, totalled 375,000 bottles a...

Published:Friday | December 15, 2017 | 12:00 AMSteven Jackson

Moviegoers in 2018 may get another chance to see recently released Hollywood films that are taken out of rotation at the three cinemas run by...

Published:Friday | December 15, 2017 | 12:00 AMSteven Jackson

The Jamaica Broilers Group invested US$2 million to expand its pellet mill, allowing the conglomerate to double feed production capacity.Pellet capacity will...

Published:Friday | December 15, 2017 | 12:00 AMSteven Jackson

Four years after market entry, the Jamaican-owned gas marketing company Fesco plans to virtually double its network to 20 retail...

Pages

Subscribe to Steven Jackson