Business

The Government's total tax take might be challenged by the ongoing recession, but the customs department is reporting robust growth in port collections, which it attributes to a clampdown on evasion....

The ATL Group on Thursday announced the acquisition of dealerships for luxury brands Jaguar and Land Rover, bringing the marquees it now represents in Jamaica to five. The brands will be represented by ATL Automotives Division, but will share operating...

Lasco Group of Companies, after 22 years of operating in Jamaica as a privately owned entity, will within the next two months become publicly listed, trading on the Jamaica Stock...

Antiguan Prime Minister Baldwin Spencer has extended an invitation to Washington return to the negotiating table to settle their Internet-gaming dispute.Antigua wants the United States (US) to either remove the online gaming ban or negotiate...

Alcoa Inc said Monday it posted a second-quarter profit as it sold more aluminum in the commercial vehicles, packaging and construction markets. The Pittsburgh manufacturing giant reported net income of US$136 million, or 13 cents share, for the quarter...

With a tight new cap freshly installed on its leaking well in the Gulf of Mexico, BP planned gradual tests starting Tuesday to see if the device can stop oil from pouring into the sea for the first time in nearly three months...

Venezuelan authorities on Monday accused two people of spreading false rumours about the country's banking system using Twitter.Luis Enrique Acosta and Carmen Cecilia Nares are suspected of violating a provision...

National Meats and Food Distributors Limited, in an acknowledgement of its weakened financial position, has cut 131 staff members. Managing director David Phillips announced the redundancies to staff Friday, July 9.The cuts were "due to the company's...

Trinidad's new energy minister said Tuesday that all energy-related deals, including the 2004 agreement to supply liquefied natural gas (LNG) to Jamaica, are under review.But Caroline Seepersad-Bachan would not say...

Caribbean Cement Company Limited (CCCL), having won the first round of a fight over Vulcan-made cement, is now questioning the basis of the final ruling by the anti-dumping commission that there was no threat to the local industry and has signalled that...

BPM Financial will be expanding to Montego Bay in early 2011, the company said Tuesday."We would want to have a physical presence in Montego Bay because already we have a growing client base in the area.

Britain's recession was deeper than estimated previously, official statisticians said Monday, as they confirmed that the economy grew by only 0.3 per cent in the first three months of the year.Britain entered recession in the fourth quarter of 2008...