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Stories by Steven Jackson

Published:Thursday | September 28, 2017 | 9:26 PMSteven Jackson

Manpower and Maintenance Services Limited said it will consider listing on the Jamaica Stock Exchange (JSE) but is awaiting the right time to do so. “It is possible. We are just waiting for the right time and Mayberry will tell us when we are...

Published:Tuesday | September 26, 2017 | 12:00 AMSteven Jackson

Medical Disposables...

Published:Monday | September 25, 2017 | 12:00 AMSteven Jackson

Customers of Digicel Jamaica littered the telecom's Facebook page with 486 comments of mostly negative in response to its new prepaid price of $6.50 per minute for mobile calls announced on the social media site.The telecom, however, claims that a...

Published:Tuesday | September 26, 2017 | 12:00 AMSteven Jackson

Real estate investment trust Kingston Properties Limited, or KPREIT, sold its landholding in Westmoreland for $21 million, but the company has not given up on plans for future real estate projects as a developer.KPREIT's portfolio consists of...

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

NCB Capital Markets Limited is recommending that minority shareholders wait for a better offer from the Trinidad company seeking to acquire the outstanding Berger Paints Jamaica shares....

Published:Thursday | September 21, 2017 | 12:00 AMSteven Jackson

The rights issue to be executed next month by modelling agency Pulse Investments Limited is targeting $500 million of fresh capital that the company plans to use to...

Published:Thursday | September 21, 2017 | 12:00 AMSteven Jackson

  The JMMB Group wants to target the nearly-three-quarters of Jamaican businesses, that rely on financing from outside of the regulated financial sector. More precisely, they are more likely to turn to moneylenders and...

Published:Tuesday | September 19, 2017 | 12:00 AMSteven Jackson

David Butler, the outgoing chief executive officer at telecom Digicel Jamaica, will take up an executive position at an aviation financing group in Ireland.He joins Stellwagen Group on October 1.Butler announced his resignation from Digicel Jamaica...

Published:Tuesday | September 19, 2017 | 12:00 AMSteven Jackson

The Jamaica Stock Exchange (JSE) is knocking a day off the time it takes to settle stock market transactions from the current period of the trade date plus three days, referred to as T+3, to a T+2 cycle.This faster settlement cycle is meant to align...

Published:Tuesday | September 19, 2017 | 12:00 AMSteven Jackson

Kingston Freeport Terminal Limited, the operators of Kingston Container Terminal, KCT, will add new cranes and employ more staff by year end to boost productivity at the trans-shipment terminal."We now have 860 workers and that will move to about...

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

Architect Jeremy Millingen is part of a design team working on a new high-rise hotel that will overlook Barbican square, which itself is in the process of a transformation to bring better traffic flow management to the expanding commercial hub.The...

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

Beverage maker and distributor Wisynco Group will decide in six months whether to invest more in solar or develop a liquefied natural gas power plant.An internal study will determine the cost and the benefit of each energy source."We are looking at...

Published:Thursday | September 14, 2017 | 12:00 AMSteven Jackson

Scotia Group Jamaica reported a $100-million drop in quarterly profit, despite narrow revenue gains for the No. 2 banking group that announced a leadership succession a...

Published:Monday | September 11, 2017 | 12:00 AMSteven Jackson

Angella Rainford, partner in Eight Rivers Energy Company, expects to start construction of the largest solar energy plant in Jamaica by December.Concurrently, Rainford expressed a "keen" interest in participating in additional energy projects. She...

Published:Monday | September 11, 2017 | 12:00 AMSteven Jackson

When former workers Christopher Boxe and Craig Hammond acquired Chilitos Restaurant on Hope Road in April 2015, within two months, their landlord gave them notice to vacate the premises.It turned out to be one of the best things to happen to the...

Published:Tuesday | September 12, 2017 | 12:00 AMSteven Jackson

The University of West Indies, Mona (UWI) will set up and operate a 7 megawatt liquefied natural gas (LNG) facility, which is projected to shave off up to $350 million annually from the campus' energy costs.Those savings equate to around half of the...

Published:Tuesday | September 12, 2017 | 12:00 AMSteven Jackson

Barita Investments Limited initially planned to release the name of the prospective buyer in October, but named its suitor on Tuesday instead, to end the speculation around the takeover.On Tuesday, Barita advised that it received an offer from...

Published:Tuesday | September 12, 2017 | 2:23 PMSteven Jackson

Barita Investments Limited advised today that the company has received an offer from financial services outfit, Cornerstone United Holdings Jamaica Limited, to purchase majority shareholding of the company.  It confirms earlier reports...

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

Increased inventory at Stationery and Office Supplies Limited, SOS, resulted in double-digit sales gains and a 147 per cent rise in pre-tax profit for the second-quarter ending June...

Published:Thursday | September 7, 2017 | 12:00 AMSteven Jackson

The company attempting to buy Barita Investments Limited is a non-competing local entity, says founder Rita Humphries-Lewin.On the face of it, the disclosure eliminates aggressive...

Published:Tuesday | August 29, 2017 | 12:00 AMSteven Jackson

Poultry company Jamaica Broilers Group, led by the Levy family, is executing a three-year plan to restructure its management and operations.Already, the company has conferred the title of president on the division heads of its country operations....

Published:Tuesday | September 5, 2017 | 12:00 AMSteven Jackson

Jamaica Producers Group Limited is refinancing debt used to acquire its large stake in port operator Kingston Wharves Limited.It will result in the early redemption of the JPG Variable Rate 2019 Notes on September 29, and the delisting of the bond...

Published:Thursday | August 31, 2017 | 12:00 AMSteven Jackson

The Musson Group is developing what appears to be a more than 50,000-square foot complex in the Half-Way Tree belt, but the company is keeping quiet on some of the details, including the size and investment, pending a formal roll-out of the project....

Published:Wednesday | August 30, 2017 | 12:00 AMSteven Jackson

Shareholders in Scotia Investments Jamaica Limited voted in favour of a resolution that will pave the way for its parent to delist the company."The resolution...

Published:Thursday | August 31, 2017 | 12:00 AMSteven Jackson

ANSA Coatings Inter-national Limited offered on Thursday to buy all outstanding minority share-holders' stake in Berger Paints Jamaica at $10.88 per share,...

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