Business

The Planning Institute of Jamaica (PIOJ) has reported that real gross domestic product (GDP) grew by an estimated of 0.6 per cent for the March quarter, notwithstanding the dramatic drop in mining and quarrying activity that ended a two-year growth...

Lascelles deMercado & Company says it has found a buyer for Globe Insurance Company Limited but that there is yet no binding agreement to sell.

Jamaica Money Market Brokers Limited (JMMB) doubled its net profit to J$2.24 billion at the end of its financial year March 2012, the highest profit ever made by company in its 20 years of operation.

Trinidad Cement Limited has finalised a deal with its creditors that allows it to convert TT$1.89 billion of its short-term liabilities into long-term debt.

Appliance Traders Limited (ATL), one of Jamaica’s top electronics and industrial retailer, has announced 30 days of General Consumption Tax (GCT)-free shopping on selected items throughout June

Prime Minister Perry Christie Wednesday presented a US$3.3 billion budget to Parliament, outlining a number of measures to further rationalise tariff and excise rates, encourage energy efficiency and provide relief to consumers.

'I'll be back', a line made popular by strongman American actor Arnold Schwarzenegger in the Terminator series, is now applicable to Senator Norman Grant who on Saturday announced his intention to retake the reins of the Jamaica Agricultural Society (JAS).

Lascelles deMercado has indicated it has identified a preferred party for the acquisition of Globe Insurance Company of Jamaica

An investor in Carreras sold J$3.3 billion worth of Carreras shares on Friday, and while the broker of the trade declined to identify the seller, Wednesday Business checks indicate that it was likely Lascelles deMercado...

Scotia Group Jamaica said Tuesday that the bank has hit a phase in its growth cycle beyond which it is difficult to add market share.Still, president and CEO Bruce Bowen said the group is targeting new products...

FedEx Corp said Tuesday that it is buying Brazilian transportation and logistics company Rapidão Cometa Logística e Transportes SA to expand its presence in the region...

Concerns that Spain's ailing banking sector might worsen the European debt crisis weighed on markets Tuesday, though Asian indexes eked out gains on hopes that China will take new measures to boost its economy.Spain's banks are sitting on massive...