Tea-producing company Jamaican Teas Limited is diversifying into another line of business, the residential real estate market with plans to develop 18 studio apartments in Kingston come next year. The project represents a J$120-million investment for Jamaican Teas.
Ever since President Castro first announced that Cuba was embarking on a far-reaching process of economic change there have been concerns about the implications this may have for the rest of the region.
The Private Sector Organisation of Jamaica (PSOJ) says it has reservations about the suitability of merging JAMPRO with the Development Bank of Jamaica (DBJ) and the National Import-Export Bank of Jamaica (EXIM), arguing that it could weaken the investment promotions agency's focus.
With rapidly disappearing inventory and near certainty that next year's crop will be almost 30 per cent smaller than previous years, the Coffee Industry Board (CIB) says the price fetched by the Jamaican beans continue...
Local conglomerate Jamaica Producers Group (JP) yesterday announced a 62 per cent acquisition of the company that owns the Tortuga rum cakes brand for an undisclosed sum.
With continued soft economic conditions and uncertainty due to the upcoming general election, transactions at automated machines and point of sales (POS) remains subdued for the Yuletide season.
The Ministry of Industry, Investment and Commerce has launched a 19-agency customer survey aimed at identifying logjams in service delivery and then eliminating them.
The Government's minority stake in Caribbean Airlines (CAL), the new parent airline of Air Jamaica, comes without debt obligation, says accountant Dennis Chung.
Let me wish for you my readers, a peaceful, comfortable and enjoyable Christmas day.For almost immediately after, for those 18 years and over, a big decision looms....
As the year is ending, upward pressures on oil prices have resumed, despite the slowing in the pace of growth in China, and sluggishness in the developed economies.
Seeking to break a stalemate that is threatening 160 million workers with January 1 tax increases, President Barack Obama urged the top leaders of Congress on Wednesday to first pass a short-term extension while promising to work with lawmakers...
SPALDINGS, Manchester:AS Christmas Day draws near, many business persons are not overly excited about its coming, as, in recent times, the usual sales boom that is associated with this season has been scaled down.Creton Bourne...
MANDEVILLE, Manchester: FORMER PRIME Minister P.J.Patterson has dismissed suggestions that the People's National Party (PNP) did nothing to improve the well-being of the country during its 18-year reign...
Barbados looks to Jamaica Barbados is looking towards Jamaica as it seeks to improve its competitiveness and increase job opportunities through the Canadian Overseas Employment Programme, Labour and Social Security Minister Dr Esther Byer Suckoo has...
Bank of America (BofA) agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified African-American and Hispanic borrowers on home loans.The settlement with the United...
WESTERN BUREAU: PAN CARIBBEAN Sugar Company (PCSC) Limited has warned that the constant illicit burning of sugar cane could be detrimental to its operations, the livelihood of its employees and the communities in which it...
Published:Wednesday | December 21, 2011 | 12:00 AM
Fewer people will fly this holiday season, but flights will still be packed.That's according to a forecast released Tuesday by the main trade group representing United States airlines. Airlines for America predicts...
Published:Wednesday | December 21, 2011 | 12:00 AM
A Brazilian judge has revoked a decision that had halted some work on a massive hydroelectric dam in the Amazon jungle. Federal judge Carlos Eduardo Martins halted construction on the US$11 billion, 11,000-megawatt Belo Monte Dam in September...
Published:Wednesday | December 21, 2011 | 12:00 AM
AT&T Inc is hanging up on its US$39-billion bid to buy smaller wireless provider T-Mobile USA, nearly four months after the US government raised concerns that it would raise prices, reduce innovation...
Published:Wednesday | December 21, 2011 | 12:00 AM
The financially strapped regional airline, LIAT, Monday announced that it had been able to resume cargo services to the United States for the first time since the terrorist attacks in New York in 2001.The 56-year-old airline said it launched its...
Published:Wednesday | December 21, 2011 | 12:00 AM
For most persons, the end of another year usually signals the occasion for introspection. It is often when many people assess their progress in light of their broader career and life goals...
Published:Wednesday | December 21, 2011 | 12:00 AM
Labour disputes in Trinidad and Tobago have been blamed for a fuel shortage in St Vincent and the Grenadines. "SOL wishes to notify its customers of a shortage in gasolene and diesel supply, due to labour disputes at Petrotrin in Trinidad...
Published:Wednesday | December 21, 2011 | 12:00 AM
Jamaica has shortlisted the companies qualified for the second round of bidding to supply liquefied natural gas, but has declined to name them.The shortlist was culled from a field of six bids previously identified in November as Shell International...
Published:Wednesday | December 21, 2011 | 12:00 AM
Large distributor Wisynco Group says it will invest close to J$1 billion next year in a new energy plant at its St Catherine complex aimed at slashing production costs.Concurrently, Managing Director William Mahfood said...
