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KIW International Will Transition to Investment Company, Taking Advantage of Investment Opportunities Locally and Overseas – Mahfood

John Mahfood, President and CEO of Jamaica Teas Limited has indicated to shareholders that for the rest of the current financial year and into 2018 their focus will be on new products and the construction of an apartment complex in Kingston by end of 2018. Recently acquired KIW International he said, will transition from a […]

Corporate Movements: Berger Paints, tTech and Angostura Holdings

Berger Paints Jamaica Limited (BRG) has advised that Mr. Mustafa Turra has resigned from his current capacity effective August 15, 2017, having been employed as BRG’s General Manager since May 1, 2013. Mr. Andy Mahadeo will act as the Company’s General Manager until a replacement is in place. Angostura Holdings Limited has announced that with […]

Jack Ma Alibaba May Soon Reclaim Title Of World’s Most Valuable Online Retailer; A Position Now Held By The Jeff Bezos Controlled Amazon.

Alibaba the Chinese online ecommerce juggernaut, headed by Jack Ma, could soon reclaim the title of world’s most valuable online retailer; a position now held by the Jeff Bezos controlled Amazon. This as Alibaba’s stock rose nearly 5% to an all-time high today after the company reported sales and profits for its second quarter that […]

Ansa McAL Group Pegs Turnaround On Recently Appointed CEO Andrew Sabga And Berger Acquisition.

Trinidad and Tobago based Ansa McAL Group is reporting marginal improvements in revenues of 2.38% in their Unaudited Financial Results for the six months ended June 30th 2017, as revenues from the home market grew by only 1.66% and overseas operations recording revenue growth of 4.8%. These numbers exclude the discontinued operations in 2016 which […]

Nokia 8 Pushing What It Calls The “Bothie” As The Next Evolution Of The Selfie

Nokia has launched their most important new handset, The Nokia 8, marking the culmination of efforts to bring the once world-beating Finnish telecoms brand into the modern smartphone era dominated by Samsung, Apple and China’s Huawei. The Nokia 8 is pushing what it calls the “bothie” as the next evolution of the selfie, using Nokia’s […]

Jamaica Producers Outline Initiatives Designed To Improve Product And Service Offering While Enhancing Operating Efficiency – Johnson

Charles Johnson, Chairman of the Jamaica Producers Group has outlined a number of initiatives designed to significantly improve the Groups bottom line in the coming financial years, including the continuation of a programme of investments designed to improve its product and service offering while enhancing its operating efficiency. Addressing shareholders in their just released unaudited […]

Angostura Holdings Reporting Reduced EPS of 0.21 cents versus 0.26 in 2016 – Balgobin

Dr. Rolph Balgobin Chairman of Angostura Holdings Limited, is blaming challenges with their waste water treatment facility and supply chin, which impacted shipments of branded and bulk rums to export markets, for the lower than expected financial results for the first half of the financial year. Addressing shareholders in the company’s just released summary consolidated […]

Mayberry Investments Reporting Weak Half Year Profitability And Revenues

Gary Peart, Chief Executive Officer of Mayberry Investments Limited, is projecting to record improved profitability for the remainder of the financial year through increased revenues, while maintaining tight control over operational costs. This as Mayberry Group reported an after-tax profit of just J$4.29 million for the half-year ended 30th June 2017 and profit after tax […]

What A Scandal, Shonda Rhimes Leaves ABC, Disney For Netflix, As Apple Steps Up Its Game

In a move further demonstrating the power of content in the ongoing subscription streaming battle, Netflix announced this week that it had signed Shonda Rhimes, the prolific television hitmaker, to an exclusive overall deal. Ms. Rhimes, the creator of “Grey’s Anatomy” and “Scandal” — hits for ABC — will bring Shondaland to Netflix in what […]

JMMB Group’s Net Profits Impacted by Commercial Banking Transition Plans in Jamaica -Duncan

The JMMB Group, with operations in the Dominican Republic, Jamaica and Trinidad and Tobago, recorded net operating revenue of J$4.05 billion for the first quarter ending June, 2017, a 19% increase year-over-year, and net profits of J$613.4 million, reflecting marginal growth of 3%. For the quarter, JMMB Group’s operating expenses amounted to J$3.11 billion, an […]