HMH Farms Limited is testing a new line of goat meat burgers, a first of its kind commercial product that aims to leverage Jamaicans’ love of mutton, which is traditionally consumed as a…
Category: Business & Economy
Canadian stocks now available locally as JSE launches DMA platform
Local investors can now trade shares issued on the Canadian market using select local brokers under the Direct Market Access portal newly introduced by the Jamaica Stock Exchange. The next phase will expand…
FSC proposes changes for dividends by securities dealers
JAMAICANS taking more interest in investing in stocks should pay attention to this bit of news as the Financial Services Commission (FSC) has proposed new guidelines for the distribution of dividends by securities…
One Great Studio breaks IPO drought
Digital marketing company One Great Studio (1GS) has broken the drought for investors seeking to participate in initial public offers (IPO) this year, being the first to come to market. The company, which…
Century books $16b gain on Jamalco deal
Century Aluminum, the new owner of Jamalco, has booked a US$103.3-million gain on its acquisition of the Clarendon-based alumina refinery, which translates to $16 billion in Jamaican currency. Century described the deal struck…
Court to rule on Mystic Mountain sale in a week, 20 creditors recognised
In a week, Justice David Batts is expected to tell Mystic Mountain receiver Wilfred Baghaloo whether he can proceed with the sale of the Ocho Rios-based adventure tour company that went bankrupt during…
‘I’m very happy’
MICHAEL Lee-Chin has declared himself “excited and happy” as he extends himself to give closer scrutiny to the NCB Financial Group. Still, shareholders were told in a highly anticipated investor briefing on Thursday…
Salada’s inventory impacted by low availability of coffee
The low availability of coffee in the domestic market continues to affect inventory levels for local manufacturer Salada Foods Jamaica, which at the end of the third quarter saw its supplies reduced to…
$52! Investors react to another quarter of no NCB dividends
Investors expressed their displeasure with NCB Financial Group Limited’s (NCBFG) decision to skip another dividend payment, shedding the company’s shares in early morning trading Thursday, pushing the stock price traded down to $52,…
China’s July exports tumble by double digits, adding to pressure to shore up flagging economy
China’s exports plunged by 14.5 per cent in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. Imports tumbled 12.4 per cent, customs…