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Business

Published:Wednesday | November 16, 2011 | 12:00 AM

The Grenada government says cruise ships visiting the island this winter season are withholding payments.Junior Information Minister Glen Noel says the fees are now being deposited in a special account in the United States (US) because of a loan dispute...

Published:Wednesday | November 16, 2011 | 12:00 AM

Sagres Energy announced that it would invest another CDN$2.94 million (J$250m) in its search for oil in Jamaica, its largest quarterly capital outlay to date, but says it continues to search for a partner to share the...

Published:Wednesday | November 16, 2011 | 12:00 AM

A rebound in manufacturing stocks and continued strong performance from financials saw Caribbean stocks end the week higher, as 43,149,076 shares valued at US$9,247,586, crossed the floors of the six stock exchanges across Caricom.For the week, 28...

Published:Wednesday | November 16, 2011 | 12:00 AM

Businessman Winston Lee has completed at least seven of the 16 shops he is developing near Cross Roads in St Andrew. The new State Mall complex under development will eventually replace the grocery business, Key Foods Supermarket....

Published:Wednesday | November 16, 2011 | 12:00 AM

GraceKennedy Limited has reported improvement in both revenues and profits for the first nine months of its financial year, with net profit attributable to owners of the company moving up 122 per cent in the third quarter ended September 30, on the back...

Published:Wednesday | November 16, 2011 | 12:00 AM

The St Lucia government has approved a number of proposals that its industry officials say will enhance the island's reputation as a leading yachting destination.

Published:Wednesday | November 16, 2011 | 12:00 AM

Lascelles Limited will start selling frozen meats in a bid to achieve performance target of 20 per cent returns, following its lease of a US$20-million (J$1.7 billion) food-production and storage facility formerly occupied by National Meats.The company...

Published:Wednesday | November 16, 2011 | 12:00 AM

Gassan Azan and business partner Adam Epstein say they will invest J$2 billion in a new chain of gaming shops, the first of which is already open for business in downtown Kingston.The...

Published:Wednesday | November 16, 2011 | 12:00 AM

Saying it was acting under pressure from the Jamaica Stock Exchange, the board of FirstCaribbean International Bank Jamaica (FCIBJ) is taking steps to have the stock delisted by yearend.The JSE requires that no one shareholder own more than 80 per cent...

Published:Tuesday | November 15, 2011 | 12:00 AM

Stakeholders in the shipping industry were last week updated on the latest International Commercial Terms (INCOTERMS) governing trade.The shipping interests were updated during the Seaboard Jamaica-sponsored Lunch and Learn Seminar, held at the Shipping...

Published:Tuesday | November 15, 2011 | 12:00 AM

Italy's premier-designate Mario Monti began talks on Monday to create a new government of non-political experts tasked with overhauling an ailing economy to keep market fears over the country from threatening the existence of the euro....

Published:Tuesday | November 15, 2011 | 12:00 AM

Japan's economy grew for the first time in four quarters in a comeback from the earthquake and tsunami disaster that already faces multiple global headwinds.The world's No 3 economy expanded at an annualised rate of six per cent in the July-September...

Published:Tuesday | November 15, 2011 | 12:00 AM

Investor Warren Buffett says his company bought about US$10.7 billion of IBM stock this year, giving it a stake of more than five per cent in the technology company.Buffett revealed the investment during an interview on CNBC on Monday...

Published:Monday | November 14, 2011 | 12:00 AM

ST MARGARET'S BAY, Portland: THE CAYMAN Islands is eyeing China Harbour Engineering Company to construct a pier in that country. Speaking with The Gleaner during a tour of the Rio Grande bridge at St Margaret's Bay in Portland last Thursday...

Published:Monday | November 14, 2011 | 12:00 AM

The word garrison has been heavily used in this nation in the past month.But it is an issue that has been talked about by persons in every sector of Jamaica for years.In some circles, the idea of dismantling garrisons is said to...

Published:Monday | November 14, 2011 | 12:00 AM

Minister of Agriculture and Fisheries, Robert Montague, last Friday commissioned a photovoltaic electric power-generating system into service at the Hounslow Research and Demonstration Plot in St Elizabeth.Montague said the system...

Published:Sunday | November 13, 2011 | 12:00 AM

The ascension of Andrew Holness to the pinnacle of Jamaica's political-power pyramid on October 23 occurred amid a cacophony of voices, some resonant with hope in his youthfulness and others decrying his inexperience.

Published:Sunday | November 13, 2011 | 12:00 AM

Investor appetite for fixed-income products has diminished as interest rates fall, according to several Kingston analysts, who say the market is now more eager for equities and mutual funds.

Published:Sunday | November 13, 2011 | 12:00 AM

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Published:Sunday | November 13, 2011 | 12:00 AM

I drive a 2008 Suzuki Grande Vitara. It was involved in an accident last August with a Nissan Sentra. The collision occurred on Hope Road near Andrews Memorial Hospital. The repair bill for my car is J$1.4 million.

Published:Sunday | November 13, 2011 | 12:00 AM

Every year tourism trade fairs take place in locations from Berlin to Hong Kong. These are international events where those involved in what is now a US$1,850-billion global industry meet to strike deals, promote their image and consider industry trends.

Published:Sunday | November 13, 2011 | 12:00 AM

I am very interested in trading on the Jamaican stock market. I am new to this and need as much information as possible. Firstly, what legitimate organisations facilitate the initial set-up of accounts to be used in trading? What is the minimum amount of stocks that can be initially purchased?

Published:Sunday | November 13, 2011 | 12:00 AM

Jamaica's manufacturers have accepted that tax reform could mean fewer subsidies for them in a country with increasingly scarce public resources and too narrow a tax base, and they expect to see that reality reflected in in a combined position paper being drafted by the Private Sector Organisation of Jamaica (PSOJ).

Published:Sunday | November 13, 2011 | 12:00 AM

JAMPRO is building a market intelligence portal for exporters that it says should be operational by year end.

Published:Sunday | November 13, 2011 | 12:00 AM

France reacted with outrage after the Standard & Poor's rating agency accidentally sent out a message saying it was downgrading France's prized 'AAA' credit rating during a tumultuous week in Europe's protracted debt crisis.

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