Jamaica Producers Group (JPG) resumed the export of bananas last December but says its markets will be limited to countries in the Caribbean that do not grow the fruit.JPG had ceased the exporting the centuries-old...
The Urban Development Corporation is advertising the property it owns in Belmont, St Ann, for sale to private developers, through its agent the Development Bank of Jamaica (DBJ).The DBJ says the property incorporates 3.4...
Close to half of Red Stripe's beer manufacturing capacity is now idle, and the plant at Spanish Town Road has cut production time from seven days to five amid falling sales."The last couple of years have been challenging...
The 10-acre Orange Grove Great House property that is the centrepiece of the Outameni natural history attraction in Trelawny has been put up for sale by auction.The property and great house are owned by Orange Valley...
Flow Jamaica plans to invest US$350 million (J$30b) over the next five years to provide new services of which roughly 10 per cent would be expended this year, the telecom provider said.The five-year investment upon...
Gaming and lottery company Supreme Ventures Limited (SVL) has opted to delist from the Trinidad and Tobago Stock Exchange (TTSE), citing low trading volumes.SVL advised in a January 3 letter to TTSE that it would delist at the earliest date possible...
The Airports Authority of Jamaica (AAJ), operators of the Ian Fleming International Airport in Boscobel, St Mary, is gradually expanding the facility, according to President Earl Richards.The airport observed its first...
JIS: With thousands of tourists and locals visiting the parish of Trelawny weekly, particularly the town of Falmouth, to conduct business or to have fun, there have been calls for more attractions to be opened in the parish.Millions of dollars have been...
US stocks had a big January, and they're starting February strong, too.Stocks climbed on Wednesday after strong manufacturing data and encouraging reports about the Greek debt crisis.
Apple Inc is worth US$415 billion, putting it neck and neck with Exxon Mobil as the world's most valuable company. But by standard Wall Street mea-sures, its stock is a bargain....
Executives of Caribbean Airlines Limited, which operates Air Jamaica, are currently meeting in the United Kingdom to discuss re-entering that market amid the retreat of rival airlines."The executive team has planned a visit to London and will share...
Two years after its renovation, said by owner Constantine Hinds to cost US$3 million, The Vista Ambassador Resort & Spa is going on the auction block. So, too, is the 34-room boutique hotel The Palms, in Negril....
Tourism Minister Wykeham McNeill last week touted the hospitality sector as both a strong employer and magnet for travellers, but his foreign trade colleague is insisting that Jamaica first needs to rid itself of its...
Regional credit rating agency CariCRIS is working on a model to start rating credit unions across the Caribbean to supplement the work of regulators of the multibillion-dollar sector.The sector made of small community...
For the week ended January 27 2012, 11,238,212 shares, valued at $1,906,504 crossed the floors of the six stock exchanges across Caricom, with 58 stocks advancing, 24 declining and 44 remaining unchanged...
GraceKennedy CEO Don Wehby has made several changes to the group's management structure that will see Simon Roberts and Andrea Coy taking on different roles in two months.Roberts has been appointed to a senior management position within the GK Foods...
Mobile market leader Digicel Jamaica has rebuffed suggestions of rival LIME Jamaica that by offering Claro customers an opportunity to switch to its network while retaining their existing numbers it was introducing local number portability (LNP) through the backdoor....
Goddard Enterprises Limited has written off a BDS$9.7 million (J$420m) investment in Jamaica which it linked to deposits in suspended cambio and trader Intertrade Finance.Goddard conducted an internal audit which...
The GraceKennedy-owned Hilo Food Store chain will close its Savanna-la-Mar branch at the end of this month, citing profitability issues, and is working on a plan to bring other underperforming stores up to par....
Airpak Express delivery company has acquired rival Speed Couriers Limited and Supply Chain Solutions, an inventory distribution service company.Airpak owner Khary Robinson was tight-lipped on the cost of the acquisitions, but said they have expanded ...
January 30:Witness testifies about mystery investment portfolioA jury was told Monday that Stanford International Bank (SIB) in Antigua had placed assets worth billions of dollars in a mysterious portfolio known as Tier III and...
Unemployment across the 17 countries that use the euro ended 2011 at a record high, official figures showed Tuesday, a day after EU leaders acknowledged they would have to boost economic growth with the same urgency that they had shown in combating...
