Published:Tuesday | July 28, 2015 | 2:23 PMCamilo Thame
The new operator of the Sangster International Airport is realising tighter income margins than its predecessor, even while traffic increased in the first half of 2015 compared to year-earlier levels.That is not to say that business at the Montego...
Published:Thursday | July 23, 2015 | 3:38 PMCamilo Thame
Noranda Aluminum Holding saw its projected US$5-million annual savings from its expanded port in Discovery Bay, St Ann, wiped out in a single quarter as a result of the imposition of an interim bauxite levy in its second quarter ending June 30.It...
Published:Monday | July 20, 2015 | 7:00 PMCamilo Thame
Caribbean Cement Company Limited (CCCL) posted its highest profit on record.The $870 million in net income earned during the six months to June 2015 beat its highest annual earnings previously achieved in 2004, when it posted $842 million to its...
Published:Tuesday | July 21, 2015 | 4:29 PMCamilo Thame
Pan-Jamaican Investment Trust's latest corporate bond issue was oversubscribed by $1.7 billion, or 64 per cent.Consequently, the real estate and private equity firm upsized its offer from $2.75 billion to $3 billion, leaving $1.5 billion on the...
Published:Friday | July 17, 2015 | 11:54 AMCamilo Thame
Caribbean-based airlines have consistently incurred financial losses over the last five years.Together, Bahamasair (BAH), LIAT, and Caribbean Airlines (CAL) have racked up over US$1 billion in deficits.What's more, they cost their respective...
Published:Thursday | July 16, 2015 | 9:29 AMCamilo Thame
Mayberry Investments bought another three per cent stake in Blue Power Group (BPOW) on Wednesday to bring its total shareholdings in the soap maker just past the 20 per cent mark.This makes BPOW an associate company of the investment house, which...
Published:Thursday | July 16, 2015 | 10:24 AMCamilo Thame
Kingston Properties Limited (KPREIT) plans to launch-rights issue next Wednesday, hoping to raise US$8 million ($940 million)."We will be launching with the option to upsize," KPREIT Executive Director Fayval Williams told the Financial Gleaner.The...
Published:Tuesday | July 14, 2015 | 12:09 PMCamilo Thame
In a ringing endorsement of government policies, businesses and consumers remained optimistic about their financesand the economy in the latest confidence surveys.Following a surge in both indices during the first three months of 2015, consumer...
Published:Tuesday | July 14, 2015 | 2:22 PMCamilo Thame
Having cooled down from an aggressive expansion push, Caribbean Cream Limited (Kremi), has right-sized its balance sheet and its profits have begun to surge.The $3 million it spent on capital projects during the three months to May 2015 pales in...
Published:Tuesday | July 7, 2015 | 1:01 AMCamilo Thame
Seprod will shutter its sugar factory and walk away from its $3 billion investment if it doesn't get control of selling the products it makes.Golden Grove Sugar Company, as the operations which it took over from the Government in 2009 was renamed,...
Published:Thursday | July 2, 2015 | 1:20 PMCamilo Thame
United Kingdom-based Tullow Oil has completed a bathymetry or underwater survey of the 32,000 square kilometre area south of Jamaica that it is licensed to prospect.The study of underwater depths of the Walton and Morant basins "provided indications...
Published:Thursday | July 2, 2015 | 12:51 PMCamilo Thame
Scotia Group Jamaica will close another branch in a matter of weeks. The Premier Plaza location in Half-Way Tree will be the 10th to be closed within the past decade as the bank continues its rationalisation programme.Over the years, new branches...
Published:Tuesday | June 30, 2015 | 11:18 AMCamilo Thame
Jamaica Producers Group (JP) is betting on cold-pressed juice technology that will extend the shelf life of its fresh juices from a week to nearly two months.Within the next three months, the company's Holland-based juice-manufacturing business, A.L...
Published:Thursday | June 25, 2015 | 1:52 PMCamilo Thame
Kingston Wharves Limited's (KWL) expansion cost could reach US$100 million ($11.6 billion).The cargo handler's management appears more optimistic about the take-up of its logistics services in the future than it was just a year ago.The third phase...
Published:Tuesday | June 23, 2015 | 12:27 PMCamilo Thame
Dolphin Cove is considering rolling out marine parks across large hotels in Jamaica.The tourist attraction's dedicated facility at the Moon Palace Jamaica Grande Hotel, which is located in Ocho Rios and is scheduled to commence operations when the...
Published:Thursday | June 18, 2015 | 4:10 PMCamilo Thame
Mayberry Investments has made $170 million on its investment in Lasco Financial Services (LASF) in less than a month.LASF's share price climbed by 56 per cent since the dealmaker increased its shareholdings in the cambio and remittance service...
Published:Tuesday | June 16, 2015 | 3:46 PMCamilo Thame
Caribbean Cement Company Limited (CCCL) has secured a deal to supply cement for use in stabilisation of a 46-kilometre stretch of the north-south leg of Highway 2000, which is currently under construction.The local cement manufacturer is also on...
Published:Tuesday | May 26, 2015 | 9:13 AMCamilo Thame
Yellow yam might be more affordable now than it was a month ago, depending on where it is bought, but overall prices on vegetables and starchy foods leaving through the farm gate jumped this month, according to data published by the Jamaica...
Published:Tuesday | May 26, 2015 | 2:00 PMCamilo Thame
Derrimon Trading Company burned through another round of expansion cash paying down loans and building working capital in the first quarter - and it is buying a sixth retail outlet.The company, which operates Sampars retail outlets and distributes...
Published:Thursday | May 21, 2015 | 3:09 PMCamilo Thame
Last month, companies became less optimistic about future business conditions than they were at the start of the year.But they were less moody about the current state of affairs, according to the latest survey of inflation expectations published by...
Published:Thursday | May 14, 2015 | 3:01 PMCamilo Thame
Access Financial Service wrote off $300 million in loans in the past two years.The microlender implemented aggressive provisioning in 2009, when it started to write off loans which were not serviced for 180 days or more, but it was in 2012 when it...
Published:Thursday | May 7, 2015 | 2:05 PMCamilo Thame
Now that it has completed the expansion of its port in Discovery Bay, St Ann, Noranda Aluminum Holding is looking at boosting bauxite exports from Jamaica.Its current lease gives it room to sell at least an additional 400,000 tonnes of bauxite each...
Published:Thursday | May 7, 2015 | 11:15 AMCamilo Thame
Rubis Energy Jamaica will no longer require its dealers to upfront collateral to guarantee that they will pay for fuel supplied by the marketing firm.Instead, the company will deliver the first load of gasolene to service stations on credit -...
Published:Tuesday | May 5, 2015 | 6:53 PMCamilo Thame
Rubis Energy Jamaica is still pressing its retailers to upfront cash or collateral in order to continue receiving fuel and other products, counter to a previous agreement, according to the Jamaica Gasolene Retailers' Association (JGRA).The lobby...
