Sat | Jan 28, 2023

Business

Justin Nam, general manager of Eppley Limited.

Eppley Limited, a Jamaican company aligned with the Musson Group, will spend up to BDS$6.8 million, or the equivalent of about $520 million, to acquire outstanding shares in a real estate fund that it controls and manages, called Eppley Caribbean...
Rudolph Brown/Photographer
Minister of Finance Dr Nigel Clarke addresses the Jamaica Stock Exchange 18th Regional Investments and Capital Markets Conference at The Jamaica Pegasus hotel in New Kingston on Wednesday, January 25, 2023.

Finance Minister Nigel Clarke is vowing to fund whatever it takes to get to the bottom of the ongoing fraud investigations at Stocks and Securities Limited, SSL, that will involve local and Jamaican experts. Speaking with the Financial Gleaner...
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Carol Lee, financial controller of Palace Amusement Company Limited.

Palace Amusement shareholders gave the nod to a 600-for-1 stock split that’s meant to drive trading activity in the tightly held shares amid the company’s return to pre-pandemic levels of movie attendance. The split will take effect on February 28...

The Government will not bail out any failed financial institution, Prime Minister Andrew Holness said as the annual Jamaica Stock Exchange capital markets conference got under way Tuesday night. “The Government will not socialise any debt and we...

Motorists will pay $4.50 more for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $167.91 per litre and a litre of E-10 90 will sell for $171.89. Automotive diesel...

In one of the most far-reaching announcements on Monday by Finance Minister Nigel Clarke, the Bank of Jamaica is to take over the regulation of investment companies and others from the Financial Services Commission, alongside plans to downsize the...

Business leaders are reacting positively to the reforms for the financial sector announced on Monday by Finance Minister Nigel Clarke, which include a different regulatory structure and new reporting requirements for securities dealers. Clarke has...

The funds under management by Jamaican investment companies declined by $55 billion within a year, amid falling asset prices and inflation that has eroded real returns for investors. Additionally, securities dealers have seen a decline in their...

Portland JSX Limited, an investor in regional companies, pumped US$1.7 million of loan funds into online grocer Merqueo ahead of its initial public offering to the US Nasdaq exchange. The Colombia-based company is headed towards the IPO later this...

Sooner or later, either Wall Street or the United States Federal Reserve has to blink. Nearly a year into the Fed’s drive to quash inflation by hiking interest rates at a blistering pace, investors still don’t seem to fully believe what the Fed...
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