Given its reputation to upended and disrupt book selling, retailing, newspapers and other industries it enters, Amazon.com planned acquisition of Whole Foods Market Inc. for $13.7 billion, has sent shockwaves across both the online and brick-and-mortar industries around the world. Grocery chain stock prices plunged on Friday with Wal-Mart Stores falling as much as 7.1 […]
Minister of Tourism, Edmund Bartlett, says the Government is looking to position Jamaica as a major player in the Caribbean gaming industry. He noted that the country is being viewed as an important and interesting new market in the region, and once all the regulations are in place the industry will be of fundamental importance […]
Berger Paints Jamaica Ltd. (BRG) has advised that on June 16 16, 2017, it received a notice that Ansa Coatings International Limited (ACIL), a subsidiary of the ANSA McAL Group (“ANSA McAL”) has entered an agreement with Berger International Private Limited (BIPL), the parent company of Lewis Berger (Overseas Holding) Limited (a company incorporated in UK) […]
Verizon Communication’s Picks-Up Hundreds Of Millions Of Internet Users With Acquisition Of Yahoo! Inc.
Verizon Communication’s US$4.5 billion acquisition of Yahoo! Inc. is expected to give the New York-based Verizon access to hundreds of millions of internet users as it tries to build its digital assets. Verizon expects to see about $1 billion in operating cost savings through 2020 from the Yahoo deal, according to a filing Thursday. The […]
Oil Prices Fell To Its Lowest In More Than A Month To US$45, As Gasoline Glut Signals Weak Summer Demand.
Oil prices fell to its lowest in more than a month to US$45, as gasoline glut signals weak summer demand. This as US Government data showed weaker demand at the start of the summer driving season led to another increase in gasoline stockpiles. Adding to the market pessimism, the International Energy Agency said new production […]
Trinidad and Tobago Economy Continues To Adjust Slowly From The Decline In International Energy Prices Since 2014
Trinidad and Tobago Central Bank Governor Alvin Hilaire said this week that the domestic economy continues to adjust slowly to the terms of trade shock, as a result of the decline in international energy prices since 2014. This has translated into a reduction in foreign exchange inflows and an erosion of fiscal buffers. The resulting […]
Steven Marston Chairman and CEO of CAC 2000 Limited has assigned blame to the company’s reduction in inventory of $57 million and cash of $78 million to continued efforts to try and recover from payments of US$372,100 and JA$7.6 million for lawsuit damages in December. In his report to shareholders for the 6 months ending […]
C2W Music Limited is reporting for its financial year ending December 31 2016 a turnaround in net profits of US$42,573.00 compared to a loss of -US$18,510 in 2015, this on the backs of total income of US$66,749.00 for 2016 up from the US$21,524.00 in 2015. The results however where not sufficient to give auditors the […]
The JMMB Group will be launching commercial banking operations in Jamaica, later this year, under the name JMMB Bank (Jamaica) Limited in line with their JMMB Bank (Trinidad & Tobago) Limited launched in Trinidad, in 2016 and is in line with the branding strategy being employed by JMMB Group. The JMMB Group has also continued […]
Scotia Investments Jamaica Limited has received a formal proposal from its parent company, Scotia Group Jamaica Limited to initiate a Scheme of Arrangement to take Scotia Investments private by cancellation of the shares held by all the minority shareholders at a price of J$38.00 per share. Under the proposal, shareholders whose shares are listed on […]