Business

Real-estate developer Robert Cartade's newest project has passed the scrutiny of local and national planning authorities, but is pending approval from the Real Estate Board, he said this week. The National Environment and Planning Agency, which last year...

After turning in a record sales performance last year, highland coffee company Mavis Bank Central Factory Limited (MBCF), which produces the Jablum-branded coffee, is seeing a fall-off in sales this year....

National Commercial Bank Jamaica Limited (NCB) has posted another record year of profit, even as it comes under pressure to relieve customers of some of the massive fees that it and other commercial banks have levied on clients....

Customs revenue for the first six months of the 2010-2011 financial year has exceeded the department's projections by $3 billion, Commissioner of Customs Danville Walker has revealed.Walker, who made the disclosure Tuesday at the Jamaica Chamber ...

Jamaica has tapped two coffee entities for divestment but is yet to finalise the terms on which the state assets will be sold off or otherwise into private ownership. Jampro has been putting out feelers in the meantime in international markets ...

Two high-ranking Caribbean Community (CARI-COM) officials have said that St Maarten is welcome should it decide to join the regional bloc.St Maarten was recently granted greater autonomy under new country status within the Kingdom of the Netherlands....

The Guyana government says it will pull the tax concessions granted to a Malaysian firm if it fails to restart operations after laying off more than 250 workers.The workers were made...

The three Lasco companies that went public in September have each reported half-year net profit for the period ending September, amounting to more than J$300 million, but only two of the three grew their bottom lines....

Proven Investments Limited (PIL) will go public by next March, the company said Monday, well within the 18-month deadline it promised the private holders of its share.The announcement was made alongside the company's revelation ...

In the story titled 'Fish import ban lifted', the statement that imports are 100 per cent cheaper should have read 50 per cent cheaper.

American International Group Inc said Monday it raised nearly US$37 billion from the sale of two foreign insurance units and will use that money to repay a government bailout.The insurance giant closed its previously announced sale of American Life...

Venezuela's largest privately owned steel producer vowed Monday to challenge President Hugo Chavez's order to expropriate its assets, even as soldiers arrived to oversee the takeover. Sidetur's board of directors issued a statement promising legal action...