The largest shareholder in Innovative Energy Group Limited, IEG, will start selling down shares over the next six months, starting in August, to restore compliance with Jamaica Stock Exchange rules governing public ownership…
Category: Business & Economy
Remittances top $1b year to date
Jamaica’s remittances continue to rise despite uncertainty in key source markets, the latest data from the Bank of Jamaica show. The flows so far this year have topped US$1 billion. “We’re seeing growth…
Ford Foundation’s outgoing president to join Obama Foundation board
Darren Walker’s post-Ford Foundation future is starting to take shape, as the outgoing president is now set to join The Obama Foundation’s board of directors. The Obama Foundation, the Chicago-based non-profit of former…
Chevron gets go-ahead for US$53b Hess deal
Chevron has scored a critical ruling in Paris that has given it the go-ahead for a US$53-billion acquisition of Hess and access to one of the biggest oil finds of the decade. Chevron…
TransJamaican toll operator deploying tech to boost revenue, profit
Buttressed by a near one-third growth at the bottom line, toll road operator TransJamaican Highway Limited is looking to technological upgrades to drive efficiency and deliver even more profit. It’s aiming for 80…
Image Plus acquiring The Woman’s Place
Diagnostic imaging company Image Plus Consultants Limited, which trades as Apex Radiology, is in the process of acquiring the assets and brand of The Woman’s Place, a Kingston-based facility specialising in mammography. Image…
IEG share float falls below 20% limited
Innovative Energy Group Limited, IEG, formerly known as Ciboney, more than doubled its share capital during the quarter ended May, resulting in the public float falling below the 20 per cent minimum required…
Tesla débuts in India at nearly twice the price
Tesla Inc opened its first showroom in India on Tuesday, marking the electric vehicle maker’s long-anticipated début in the world’s third-biggest automotive market. Located in the Bandra-Kurla Complex, an upscale business centre in…
Kingston Wharves acquires large stake in Cargo Handlers
Port operator Kingston Wharves Limited has acquired a substantial stake in port services company Cargo Handlers Limited, CHL, and has an option to purchase additional shares, but says its future plans don’t include…
EU trade ministers vow unity on US tariffs
European Union trade ministers agreed Monday that the announcement of 30 per cent tariffs on the European Union was “absolutely unacceptable” and are studying a new set of countermeasures to respond to the…