Business

The Ministry of Industry and Commerce has placed a ban on the importation of used motor vehicle tyres effective July 1, six months after relaxing the rules in an effort to clear a 6,000 backlog at the wharves.The number of tyres sitting on the ports...

Sagicor Life of Jamaica is shedding the historic Blue Cross of Jamaica property, acquired 18 months ago when it bought the company's health-insurance portfolio for J$1.7 billion.

The initial public offering for Jamaican Teas Limited was oversub-scribed two minutes after subscriptions opened in Kingston to a hungry equities market.Mayberry Investments Limited (MIL) lead broker and financial adviser to Jamaican Teas, advised in a...

With an eye on improving what it said was a flat sales performance over the past two years, large distributor HD Hopwood Limited has spent more that J$8 million to set up a new warehouse in Montego Bay, targeting the scores of smaller mom-and-pop shops...

Spirit Airlines made a deal with its pilots on Wednesday that will end their strike, and the airline said it would fly again starting today, Friday.

The head of Trinidad and Tobago's central bank voiced concern Tuesday about the government's deficit in this oil and gas-rich Caribbean nation.Bank Governor Ewart Williams warned that the 2010 budget projects that government spending will exceed...

SHANGHAI, China: The aroma was unmistakable. Freshly brewed Blue Mountain coffee welcomed visitors to the Jamaican booth at the Shanghai Expo, where the world has put its cities on display for six months to October 31.

Telecommunications company Digicel is to provide $100 million of the estimated $1 billion it will cost to repair the popular Coronation Market, which was significantly damaged during gun battles between the security forces and gunmen in the west Kingston three weeks ago.

The Baldwin Spencer administration is getting help from Owen Arthur to clean up this country's financial services sector.

Directors of British Sky Broadcasting said Tuesday they have rebuffed a buyout offer from Rupert Murdoch's News Corp that values the company at £12 billion (US$17.7 billion), but were willing to back a sweeter bid.

The Jamaican Government has ordered the Fair Trading Commission (FTC) to launch an investigation into the pricing structure of Caribbean Cement Company Limited, a day after the manufacturer announced an average 3.2 per cent increase in the cost of its...

The deal to merge British Caribbean Insurance Company (BCIC) and Victoria Mutual Insurance Company (VMIC) has been finalised, with the Matalon-controlled ICD Group now owning 68.5 per...