Published:Tuesday | June 27, 2017 | 12:00 AMSteven Jackson
Document company Productive Business Solutions (PBS) is going to on the market in an attempt to raise US$41.5 million from an offer of ordinary shares in the company as well as preference stock. In local currency terms, the offer is valued at...
Published:Monday | June 19, 2017 | 12:00 AMSteven Jackson
An unnamed entity has acquired 10 per cent of Caribbean Flavours & Fragrances Limited under a new partnership that the company says is meant to boost exports...
Published:Thursday | June 22, 2017 | 12:00 AMSteven Jackson
Main Event Entertainment Group earnings improved marginally in the first quarter, but rose by double digits in the second quarter ending April, despite an overall...
Published:Monday | June 19, 2017 | 12:00 AMSteven Jackson
Trinidad & Tobago conglomerate ANSA McAL Limited has signed an agreement to fully acquire Lewis Berger Limited (LBOH), which holds Berger Paints assets in Jamaica, Trinidad and Barbados...
Published:Tuesday | June 20, 2017 | 12:00 AMSteven Jackson
The Caribbean Mezzanine Fund co-managed by Eppley Limited and NCB Capital Markets Limited made its first deal this year.The near US$16-million fund offers loans to companies, with the option of taking a slice of the ownership as equity."In the first...
Published:Friday | June 16, 2017 | 12:00 AMSteven Jackson
Power utility Jamaica Public Service Company (JPS) plans to build a 24.5-megawatt facility to store energy as a safeguard against power outages.It's described as the first of its kind in the Caribbean.JPS plans to build the facility next year, but...
Published:Tuesday | June 13, 2017 | 12:00 AMSteven Jackson
A large trade of Caribbean Producers Jamaica (CPJ) shares, valued at $333 million and amounting to one-tenth of the company, was executed this week,...
Published:Monday | June 12, 2017 | 12:00 AMSteven Jackson
Scotia Group Jamaica will spend up to $3.7 billion to purchase all outstanding shares in Scotia Investments Jamaica Limited, assuming full take up of its offer to buy out minority owners of the company.The group wants to take the company private in...
Published:Monday | June 12, 2017 | 12:00 AMSteven Jackson
Scotia Investments Jamaica Limited today revealed a long-suspected plan for its parent company to purchase all outstanding shares in the securities dealer to take the company private. It would result in the delisting of the stock ...
Published:Tuesday | June 6, 2017 | 12:00 AMSteven Jackson
PanJam Investment Limited raised $2.7 billion from a new bond, issued in two tranches, a portion of which will pay off maturing debt in its third approach to the...
Published:Thursday | June 8, 2017 | 12:00 AMSteven Jackson
Main Event Entertainment Group's shares regained some lost ground in early trading on Thursday after the release of financial results this week showing reduced earnings...
Published:Friday | June 2, 2017 | 12:00 AMSteven Jackson
JMMB Group acquired full control of saving and loans bank Corporacion de Credito America SA in February, for which it recorded a net loss of nearly $88 million.JMMB will wind up the bank and transfer its portfolio to Banco Rio, another bank it...
Published:Monday | June 5, 2017 | 12:00 AMSteven Jackson
The Branson Centre of Entrepreneurship, which trains start-up businesses, plans to widen its scope to include investing in medium-sized companies financed by Proven Investments Limited and other supporting entities.It shifts the centre from an...
Published:Tuesday | May 30, 2017 | 12:00 AMSteven Jackson
Key Insurance Company's claims are growing faster than premium income - and locking out profits.But the general insurer, which went public just over a year ago, expects revenues to rise in coming quarters amid risk management measures to mitigate...
Published:Tuesday | May 30, 2017 | 12:00 AMSteven Jackson
Trade Winds Citrus Limited showed off a new production line on Tuesday that caps $1.25 billion of investment in Tetra Pak packaging over three years.The beverage company says it's now in a better position to displace juice imports.The investment...
Published:Friday | May 26, 2017 | 12:00 AMSteven Jackson
Heineken International now controls nearly 96 per cent of Desnoes & Geddes Limited, which trades as Red Stripe Jamaica, but may be willing to buy up the rest...
Published:Thursday | May 25, 2017 | 12:00 AMSteven Jackson
Desnoes & Geddes Limited, operating company for the Red Stripe Jamaica brewery, will invest €12 million or about $1.7 billion this year in order to develop a...
Published:Monday | May 22, 2017 | 12:00 AMSteven Jackson
Digicel was initially a partner with Chris Dehring in the company that will operate new subscriber service, ReadyTV, but that relationship ended years ago.Now the two companies will vie in the same market when ReadyTV formally launches into business...
Published:Tuesday | May 23, 2017 | 12:00 AMSteven Jackson
A plan first announced two years ago to expand the cruise port of Falmouth to accommodate two of the world's largest ships simultaneously is to be executed this year, pending approval from the planning authority.It will require the dredging and...
Published:Tuesday | May 16, 2017 | 12:00 AMSteven Jackson
Kingston Properties Limited (KPREIT), which earns from commercial and residential real estate investments, is now eyeing Michigan, Georgia, and Texas for further incursions into...
Published:Thursday | May 18, 2017 | 12:00 AMSteven Jackson
Trade Winds Citrus Limited (TWC) will show off a new production line at the end of the month, a new investment that marks the company's entry into the manufacture of dairy products...
