Sagicor Jamaica is still finalising a J$2-billion plan for a commercial and residential complex in May Pen, but already the town's business association is touting its potential to grow jobs."Any development is always good for the community and we...
Nestlé Jamaica Limited has signed Wisynco Group as exclusive distributor of its ice cream products.Wisynco managing director William Mahfood says the deal is expected to increase sales by its frozen foods division by 100 per cent over the next year....
George Nicholas III, chairman of Caribbean Airlines/Air Jamaica rejects the view upstart carrier REDjet can be called an airline and insists that the regional carrier, which is owned by two governments, will refrain from...
Jamaican exporters say the new Food Safety Modernisation Act (FSMA), which calls for more rigid scrutiny of food products entering the United States, pose a great threat to the sector, and are already counting potential losses of up to J$7 billion per...
RBC Royal Bank Jamaica, the third-largest bank by assets, has entered the conventional residential mortgage market, targeting the middle to upper-income segment after delaying the launch of the service for more than two years to finalise rebranding ...
The European Union (EU) proposed new, tougher rules for banks that will force them to raise some €460 billion (US$650 billion) in capital by 2019, to protect themselves from another financial crisis....
IN ORDER to maintain and preserve the quality of the Jamaican coffee and protect its Jamaica Blue Mountain and Jamaica High Mountain Supreme trademarks, a coffee specialist from the Coffee Industry Board (CIB) will be assigned to China for a year...
Tax Administration Jamaica (TAJ) yesterday announced a raft of measures under a three-year plan it will be implementing to ensure that persons become tax compliant."Over the next three years, TAJ will be employing several strategies to boost...
The Barbados-based Caribbean Development Bank (CDB) says it will provide more than US$14 million in loans and grants for projects in a number of Caribbean countries.In a statement, the CDB said that St Vincent and the Grenadines will receive a US$12.62...
The Eastern Caribbean Central Bank (ECCB) says the member countries of the Eastern Caribbean Currency Union (ECCU) recorded a second consecutive year of negative growth in 2010.The communiqué issued at the end of the Monetary Council of the ECCB over...
Nissan Motor Co will more than double the number of states where it offers its Leaf electric car by this fall.But buyers will have to pay more to get it.
Coca-Cola Company's second-quarter profit rose 18 per cent on strong growth overseas and the acquisition of a bottler. The results beat expectations and the company's stock hit a 52-week high Tuesday....
Rupert Murdoch sparred Tuesday with a committee of lawmakers in London over the phone-hacking scandal that has rocked his global empire, reeling from tough questioning before recovering his composure and rebuffing his interrogators with flashes of his...
SAM DAVIS, Jamaica Public Service's (JPS) head of government regulatory affairs, last Thursday assured members of the Manchester Parish Council that customers could start seeing a difference in their electricity bill when the company introduces liquefied natural gas plants by 2014.
Antigua's Prime minister, Baldwin Spencer, has called on Caribbean Community (CARICOM) governments to subsidise the regional airline, LIAT, in the same manner as they provide a significant amount of money ...
Jamaican banks are seriously assessing the costs of complying with an imminent United States tax law requiring full disclosure of the value of accounts held by US citizens in local...
Regional rating agency, the Caribbean Information and Credit Rating Services (CariCRIS), has returned a rating of "adequate" for the Development Bank of Jamaica (DBJ), but noted that its creditworthiness is constrained by the lack of institutional focus...
After putting several of its housing development projects on hold for the last three years, Sagicor Life Jamaica has re-entered the real estate market, having broken ground for the construction of a 32-unit apartment...
Cabinet yesterday officially approved the sale of shares in the Jamaica Public Service Company (JPS) to Asia-based Korea East West Power (KEWP) following initial company announcements in April.The shares were sold by Japan-based Marubeni, which held 80...
Jamaica's air-travel ranking nosedived five spots below the soaring Trinidad & Tobago (T&T) amid the acquisition of its majority stake in local carrier Air Jamaica, according to an index published last...
Solid gains among retail and distribution stocks saw Caribbean stocks end the week of July 11 to 18 higher. For the week, 17,123,681 shares valued at $2,837,503 crossed the floors of the six stock exchanges across Caricom...
A mutually beneficial relationship forged through harsh economic realities is how executives are describing the collaboration which resulted in yesterday's official launch of the Seprod-produced Corn Mash, a new livestock feed supplement...
Worries that Europe's debt crisis will spread to Italy and Spain spooked investors Monday after stress tests into the continent's banks failed to ease tensions ahead of an emergency meeting of European Union leaders....
The White House weighed in with a veto threat Monday against a tea party-backed plan to let the government borrow another US$2.4 trillion, a measure conditioned on big and immediate spending cuts and adoption by Congress of a constitutional amendment ...
