Sat | Nov 17, 2018

Business

Port company Kingston Wharves Limited, KWL, has pumped a total of more than half-billion dollars into SSL REIT, the property investment vehicle of Stocks and Securities Limited, for an undisclosed stake in the company...

Come month end, GraceKennedy Remittance Services Limited, GKRS, is headed to court to challenge a decision by the tax authorities in Guyana that it underpaid taxes there by more than $240...

Telecommunications company Flow Jamaica, which is turning to so-called hybrid plans meant to have subscribers spend more on its services, is already seeing a six per cent gain in...

German automaker Volkswagen will convert three factories in Germany to manufacture electric cars, ramping up production of zero-local emission cars ahead of tougher European emissions standards, the company said Wednesday.Wolfsburg-based Volkswagen...

A foreign investor in Jamaica's largest solar farm under construction in Westmoreland will be floating shares on the Jamaica Stock Exchange, via an initial public offering likely by month-end, as part of a regional plan to raise US$200 million in...

New Fortress Energy, the American company that develops gas infrastructures and supplies natural gas to Jamaica, has considered listing its shares on the Nasdaq stock exchange, but has redacted the pricing and amount set for the initial public...

Audit and accounting KPMG has invested US$3 million ($380 million) to set up a new outsourcing office in Kingston, formalising a service that it has been offering for two years.Its sole client since 2016 has been KPMG in US, but even with Tuesday's...

Telecommunications provider Cable & Wireless Jamaica, C&WJ, which trades as Flow Jamaica, confirmed that its parent company aims to take 100 per cent control of outstanding shares...

The Fair Trading Commission (FTC) has determined that adequate safeguards are in place to mitigate the potential anti-competitive effects that may arise from the divestment of Jamaica's two international airports to the same entity.Last month, the...

The International Monetary Fund (IMF) sees emerging fiscal risks for Jamaica - the top three of which relate to the bauxite and energy sectors - which it says will have to be managed carefully so as not to derail the economic programme under way....
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