Barbados Shipping & Trading Company Limited and BS&T Holdings Limited have agreed to amalgamate operations.BS&T Holdings is the vehicle through which the Neal & Massy conglomerate holds its shares in the trading company,...
Jamaica Money Market Brokers Limited (JMMB) voted Wednesday to increase the company's authorised share capital, signalling their approval of the planned acquisition of Capital and Credit...
McPherse Thompson, Assistant Editor - BusinessA consistent decline in cruise passenger arrivals in the resort town of Ocho Rios, St Ann, directly attributable to tourist harassment, has resulted in the closure of a number of businesses predominantly...
Until January 2009, CL Financial Group (CLF), parent company to Colonial Life Insurance Company Trinidad Limited (CLICO), was perhaps the largest ever home-grown private-sector conglo-merate in the Commonwealth Caribbean.Mind you, FINSAC in its...
Five of the world's top central banks acted jointly Thursday to provide unlimited dollar loans to banks, a move aimed at easing the growing tensions in the Eurozone's financial sector and shielding the global economy from its jitters.The European...
The United States Treasury Department auctioned 30-year bonds at a record low yield Wednesday as fears about Europe and the US economy fed demand for lower-risk investments.
Rohan Marley this week urged United States authorities to prosecute any wrongdoer found to have unlawfully inflated the stock price of Jammin Java, a US-based coffee company under his chairmanship.The stock traded at 60 cents Tuesday amid news of an...
National Housing Trust (NHT) will invest J$129 billion to put 28,880 housing solutions on the market over the next four years, the agency's managing director, Cecile Watson, said Wednesday.To meet that target, Watson said NHT has revised its capital...
Former adviser to the ministers of finance and agriculture, and former World Bank representative in Jamaica, Dr Wayne Henry, has been recruited by Bank of Nova Scotia Jamaica as vice-president of government affairs.Henry...
Douglas 'Rik' Parkhill, a 20-year veteran in the global financial services industry, has taken up his new posting as chief executive officer of CIBC FirstCaribbean International Bank, based in Barbados.Parkhill replaces John Orr, who has returned to...
The Development Bank of Jamaica (DBJ) has placed the Jamaica Citrus Growers Limited (JCG) on the market following a failed two-year effort to locate an equity partner for the indebted juice maker.On September 5,...
Published:Thursday | September 15, 2011 | 12:00 AM
OCHO RIOS, St Ann: WHILE HARASSMENT continues to be the number-one complaint of cruise passengers coming into Ocho Rios, there is finger pointing between the police and business operators regarding the implementation...
Published:Thursday | September 15, 2011 | 12:00 AM
Avis Budget Group Inc said Wednesday that it is dropping its bid to buy rival rental-car company Dollar Thrifty, citing current market conditions.The company said in a regulatory filing that while it has made significant progress towards getting...
Published:Thursday | September 15, 2011 | 12:00 AM
WESTERN BUREAU:THE GOVERNMENT is now in discussion with the People's Cooperative Bank and the Development Bank of Jamaica to lower interest rates to make access to credit easier for egg farmers, to expand their production."Egg rearing is one of my plans...
Published:Wednesday | September 14, 2011 | 12:00 AM
Brazil has donated US$500,000 to the Barbados-based Caribbean Disaster Emergency Management Agency (CDEMA) to assist the agency in disaster-management related projects...
Published:Wednesday | September 14, 2011 | 12:00 AM
Major British banks should separate investment banking operations from retail activities by 2019 to reduce the risks of taxpayers having to bear the cost of any future bailouts, a government-appointed...
Published:Wednesday | September 14, 2011 | 12:00 AM
German Chancellor Angela Merkel sought Tuesday to calm market fears that Greece is heading for a chaotic default as Europe struggles to contain a crippling financial crisis.Merkel rejected the notion that a Greek...
Published:Wednesday | September 14, 2011 | 12:00 AM
Don't Buy Without Value - The difference between a great company and a great investment is the price you pay.There were many fantastic businesses around in year 2000...
Published:Wednesday | September 14, 2011 | 12:00 AM
The third China-Caribbean Economic and Trade Cooperation Forum opened on Monday in Port-of-Spain with a promise by China to invest big in the region. Vice-Premier of the People's Republic of China, Wang Qishan told the opening ceremony ...
Published:Wednesday | September 14, 2011 | 12:00 AM
Local conglomerate Lascelles deMercado and Company (LdM) set another hurdle for its "hostile takeover" bidders Black Sand Acquisition on Tuesday, requiring them to resubmit their proposal in accordance with regulatory guidelines. ...
Published:Wednesday | September 14, 2011 | 12:00 AM
Food prices could rise next year because an unseasonably hot summer likely damaged much of this year's corn crop.The US Department of Agriculture (USDA) estimated Monday that a surplus of 672 million bushels of corn will be left over at the end of next...
Published:Wednesday | September 14, 2011 | 12:00 AM
After six years of absence, Norwegian Cruise Line has put Jamaica back on its itinerary.The first ship call, scheduled for October at the Ocho Rios pier, will follow pending visits by Norwegian Cruise executives this...
Published:Wednesday | September 14, 2011 | 12:00 AM
Caribbean stocks ended a week of heavy trading lower, as 43,765,886 shares valued at US$10,759,530, crossed the floors of the six stock exchanges across Caricom, with 25 stocks advancing, 44 declining and 56 remaining unchanged at September...
Published:Wednesday | September 14, 2011 | 12:00 AM
Insurance rating agency A.M. Best has revised its outlook for Jamaica International Insurance Company (JIIC) to negative from stable, citing continued underwriting losses and depressed investment income...
