On Friday October, 14, 2005 at about 8pm, you could no longer order a Big Mac burger with french fries and your favorite soda in Jamaica. All the McDonald’s quick service fast food restaurants, which were famous for their burgers, french fries, ice cream, and irresistible chicken nuggets were closed and their overseas parent were feverishly searching for someone suitable to take over the franchise in Jamaica. Continue Reading
Market Update: 5 Stocks Hit 52-Week Highs. Is The Market on the Rebound?
Today May 29, 2013 the following stocks hit 52-week highs.
- GraceKennedy Limited traded at its 52-week high of $62.00.
- Kingston Wharves Limited traded at its 52-week high of $7.50.
- Lasco Financial Services Limited traded at its 52-week high of $10.00.
- Lasco Manufacturing Limited traded at its 52-week high of $14.01.
- Jamaican Teas Limited traded at its 52-week high of $4.60
Continue to stay tuned for more updates.
Yahoo to be hip again
Qz reports, Yahoo CEO Marissa Mayer has made her first major move to try to make Yahoo cool again. The Wall Street Journal reports that Yahoo’s board today approved a $1.1 billion deal to acquire blogging site Tumblr. The deal, first reported by AllThingsD, is meant to attract younger users who see Yahoo as largely irrelevant. more
It has been confirmed by multiple sources that the current rock star of short-form blogging, also known as tumblogging, tumblr, is in talks with Yahoo re some partnership or an all out acquisition. Without repeating much of the speculation out there, this is what has already been reported. Continue Reading
Richard Byles and his leadership team are placing the blame for this one, squarely at the feet of the Government and making it clear, that this is the result of operating in a crappy economy, with poor governance and political mismanagement! Continue Reading
Known for starting Island Records, unearthing and exposing Bob Marley, and his investments in hotels and real estate, Chris Blackwell’s name is synonymous with investing in Jamaica. Continue Reading
Yes that’s true. In a 2012 survey they found that American consumers budgeted to spend about US$18.6 billion on their mother, step-mother or grand-mother, and more than 50% of the persons surveyed planned to bring mom out for brunch / lunch or dinner. Continue Reading
After anxious days of worry and concern, word finally came on Wednesday May 1, 2013, 7 days after the initial public offering (IPO) was opened on April 25, 2013, that the Kremi IPO was oversubscribed. Whew! Continue Reading
Kingston Wharves Limited (KWL) has acquired the stevedoring operations of Shipping Services (Stevedoring) Limited for some $122 million in an effort to expand and improve the range of services it offers to shipping lines that call at the Port of Kingston. Continue Reading
JMMB, Lasco Financials Increase Over 20% in April Alone! – April 2013 Jamaican Stock Market Performance
Earlier this week, my brother reinforced a very solid point to me. He referred to a quote that he recently heard which emphasized the point, that in every market, throughout every different period in history (whether it was 9/11 or the great depression), despite how bleak it looked, you always had some people who were still making money. I think this quote is quite applicable right here. Continue Reading
Globalization? Think fast. Act faster. And Trinidad knows that.
Last week they continued talks with Chinese officials who paid a visit to their country to the country. The Guardian reports that “Trade Minister Vasant Bharath hosted a visiting Chinese delegation, led by Shan Zhong, International Trade Representative (Ministerial Level) and Vice Minister of Commerce.” Continue Reading
One of the best times to check how serious a company is, is at its launch. Imagine Digicel at its launch, think back to the launch of the iPhone, or even the launch of a local mom and pop store or small business that you know. One thing everybody has in common, is the desire to put on a good show, impress their customers, and grow their business – from day 1. Continue Reading
Investors, householders, businesses, consumers and everybody else will be waiting with bated breath to finally hear the details of the 2013-2014 budget as Minister of Finance Dr. Peter Phillips, releases it today April 18, 2013 in parliament. Continue Reading
Please see just issued release from the International Monetary Fund
“Since the conclusion of a staff-level agreement with the Jamaican authorities in February on an economic program that can be supported by the Fund, the authorities have submitted documentation to the IMF to confirm that all prior actions have been met. In addition, the Fund has engaged with the authorities and its development partners on the financing for the program, including through important contributions from the Inter-American Development Bank and the World Bank. Continue Reading
SELL Scotia Investments, NCBJ and JMMB; HOLD GraceKennedy Ltd and Sagicor Financial Corporation, and BUY Guardian Holdings Limited. These are recommendations from Bourse, recently published in the Trinidad Express.
Since the National Debt Exchange Offer was announced and up to March 27, 2013, there has been a noticeable fall in stock prices for companies directly affected by the exchange, and this is what their analysis shows. Almost all the companies have seen their stock prices plummet since the NDX as there were declines in the price of GraceKennedy – 21%, NCBJ – 10%, JMMB – 22%, SIJL – 25%, Sagicor – 16% while Guardian Holdings increased by 1%. Continue Reading
What do you think about this? Quite creative wouldn’t you say? Or lame?
One think for sure, it had us wondering about it for a little while.
So the question is, is there a left-handed beer?
The cost of hotel rooms in Jamaica, according to the 2013 World Economic Forum Travel and Tourism Competitiveness Report was US$176.30, or well below the US$329.40 average in Barbados. This is calculated by using the average room rate achieved by first-class hotels in each country over a 12-month period from January through December and is called the hotel price index (HPI). Continue Reading
Tobago is trying to get more five-star hotel investments in the country.
Tracy Davidson-Celestine, Secretary of the Division of Tourism and Transportation (DOTT) in the Tobago House of Assembly (THA), recently went on a trip to Berlin, Germany as a part of a T&T delegation that included representatives from the Division of Tourism and Transportation, Ministry of Tourism and various stakeholders at the Internationale Tourismusbörse (ITB), an annual tourism and travel trade convention in Germany. Continue Reading
All you other wanna be sports destinations take heed!
Trinidad is pushing ahead, with plans and taking action (way past talk) to increase its arrivals from sports tourism. They have already splashed out significant sums, and are courting possible visitors. Continue Reading
The only bother to the National Housing Trust after the Finance Minister announced that the government will be taking an eye-opening amount from the organization, is that the current business plan would have to be redone. One would expect some kicking and screaming, but that’s not the case here. Continue Reading