Wed | Jan 24, 2018

Stories by Steven Jackson

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...

Published:Wednesday | December 13, 2017 | 12:00 AMSteven Jackson

Petroleum Corporation of Jamaica (PCJ) exited the retail gasolene market when it sold off subsidiary Petroleum Company of Jamaica Limited, or Petcom, last year, but now the state agency is wondering whether to get back into the business.The state...

Published:Wednesday | December 13, 2017 | 12:00 AMSteven Jackson

Hurricanes in the Caribbean and sluggish Pacific growth led to reduced free cash flow and slightly higher debt levels for telecoms Digicel Group, according to a report from Fitch Ratings released this month.The region was hit by hurricanes Irma and...

Published:Sunday | December 10, 2017 | 12:00 AMSteven Jackson

The price of Guardian Holding's stock shot up four per cent in its home market on Friday after Jamaica's largest banking conglomerate NCB Financial Group announced it was seeking to acquire control of the Trinidadian company.The takeover, if...

Published:Friday | December 8, 2017 | 12:00 AMSteven Jackson

Aviation experts acknowledged growth in the global industry on Wednesday, but were downbeat on the local sector, saying it has suffered from a flight of talent...

Published:Friday | December 8, 2017 | 12:00 AMSteven Jackson

The Jamaica Civil Aviation Authority, JCAA, expects an influx of drone imports to be handed out as gifts this holiday season.But the agency has no means to track...

Published:Wednesday | December 6, 2017 | 12:00 AMSteven Jackson

VM Investments Limited (VMIL) plans to offer $1 billion in lending to small and medium-sized enterprises (SMEs) in a bid to grow its loans portfolio, a venture that will be partially financed from funds raised in its initial public offering (IPO)...

Published:Wednesday | December 6, 2017 | 12:00 AMSteven Jackson

The book value of NCB Financial Group's stake in Clarien Bank, Bermuda, would equate to US$53.6 million (J$6.74 billion), but the entities avoided any financial disclosures in announcing the deal last week.Clarien Bank holds US$107 million in total...

Published:Monday | December 4, 2017 | 12:29 PMSteven Jackson

Published:Sunday | December 3, 2017 | 12:00 AMSteven Jackson

Gwest Corporation plans to raise nearly $425 million in its initial public offering (IPO) this month in order to expand its business.The company plans to sell some 35 per cent of the company in the listing to the public, led by broker JMMB...

Published:Friday | December 1, 2017 | 12:00 AMSteven Jackson

​Caribbean Flavours & Fragrances (CFF) Limited, which makes flavours for food companies, aims to grow revenues nearly threefold in the medium term from its current base of $400 million...

Published:Friday | December 1, 2017 | 12:00 AMSteven Jackson

The Bureau of Standards Jamaica, BSJ, and energy interests are now testing gas from shipping vessels that end up for sale at the pump in an attempt to avoid a recurrence...

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