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Business

Published:Sunday | June 6, 2010 | 12:00 AM

Within the next two weeks, beer company Red Stripe will complete its consultation with staff, paving the way for making several positions within the company redundant by the end of June.

Published:Sunday | June 6, 2010 | 12:00 AM

Realtors say there is no surplus of office space in the uptown business district of New Kingston, but at least one investor who relies on the usually top-end rentals the area commands, says they have space that is slow in getting off their hands.

Published:Sunday | June 6, 2010 | 12:00 AM

It is being suggested that the Government either significantly increase the funding it provides to the state-owned micro- and small-business training and promotions agency, Jamaica Business Development Centre (JBDC), or farm out to private-sector entities to provide, at market rates, the services that the agency now offers.

Published:Sunday | June 6, 2010 | 12:00 AM

Former chief executive officer (CEO) of the Jamaica Employers'Federation (JEF), Jacqueline Coke-Lloyd, has been appointed to the board of Sagicor Life Jamaica.

Published:Sunday | June 6, 2010 | 12:00 AM

The central bank continues to signal lower interest-rates to the financial markets, cutting the rate payable on its 30-day instrument this past week to 9.5 per cent, from the previous 10 per cent, set in February.

Published:Sunday | June 6, 2010 | 12:00 AM

Using general consumption tax (GCT) returns as a measure of business buoyancy for micro and small enterprises (MSEs), these entities registered major sales declines in 2009, as evidenced by a $96.4 billion fall-off in business over 2008, the Government's latest issue of the Economic and Social Survey of Jamaica (ESSJ) compiled by the country's economic planning and monitoring authorities, has shown.

Published:Sunday | June 6, 2010 | 12:00 AM

It has been said that a crisis is a terrible thing to waste. The current recession, too, the pundits say, is chock-full of opportunities.

Published:Sunday | June 6, 2010 | 12:00 AM

The Government is pressing ahead with an ambitious plan to tap into the lucrative import-substitution market, especially involving the sale of food to the local hotels. However, lingering doubts are still being voiced about both the ability of Jamaican producers to displace foreign suppliers, and the desirability of presenting tourists with only locally produced staples.

Published:Sunday | June 6, 2010 | 12:00 AM

On May 27, President Obama sent a new United States national security strategy to Congress.

Published:Saturday | June 5, 2010 | 12:00 AM

Starting July 1, Air Jamaica will resume daily flights to Grand Cayman, as well as the return of its summer service from New York (JFK) to the islands of Barbados and Grenada.

Published:Friday | June 4, 2010 | 12:00 AM

The assets of Wallenford Coffee Company (WCC), the largest and among the best known producers that make up the elite Blue Mountain coffee brand, are expected to finally hit the market this summer, as the Government has...

Published:Friday | June 4, 2010 | 12:00 AM

Are there links between business and crime? Obviously, yes! But are they positive, negative, more one than the other? Jamaica Chamber of Commerce says the operation in Tivoli Gardens last week is likely to have a tab of...

Published:Friday | June 4, 2010 | 12:00 AM

Months after backing away from buying the remaining three sugar estates under Government's control, Italian firm, Eridania Suisse SA, has made a surprising about-face and is now among eight potential investors which submitted expressions...

Published:Friday | June 4, 2010 | 12:00 AM

Johnathan Brown, retired director of domestic debt in the Ministry of Finance and the Public Service, has been elected president of the Jamaica Co-operative Credit Union League (JCCUL) at it 69th annual general meeting held on May 22.Brown succeeds...

Published:Friday | June 4, 2010 | 12:00 AM

The Ministry of Tourism is seeking US$10 million to launch a public-relations campaign to mitigate the fallout that the recent violence in western Kingston has had on the tourism product.The industry is reporting losses of US$350 million....

Published:Friday | June 4, 2010 | 12:00 AM

The office of the attorney general (AG) has sided with the Ministry of Energy and Mining (MEM) in the ongoing feud between that department and the Office of the Contractor General (OCG) over the proposed...

Published:Friday | June 4, 2010 | 12:00 AM

Conglomerate GraceKennedy is setting aside up to J$457 or just more than US$5 million to buy a new information technology platform designed to increase risk management while driving efficiencies and new business across its local banking and investment...

Published:Friday | June 4, 2010 | 12:00 AM

The state-owned monopoly piped water provider, National Water Commission (NWC), is accustomed to revenue shortfalls, a situation that has got from bad to worse. With net consumer receivables of more than $2.7 billion up to February...

Published:Friday | June 4, 2010 | 12:00 AM

Sabrina Gordon, Business Reporter The Jamaican dollar closed trading on Wednesday this week at $87.99 to the United States (US) dollar, representing a significant 1.8 per cent appreciation against the US currency since the start of the year.

Published:Friday | June 4, 2010 | 12:00 AM

Listed conglomerate, Grace-Kennedy Limited has struck a deal with the Government that will see the aggressive financial services, food distribution and hardware retailer planting its feet firmly in the trade in fruits and vegetables, which agriculture ministry officials...

Published:Thursday | June 3, 2010 | 12:00 AM

The Commission of Inquiry into the local sugar industry, headed by University of the West Indies Professor Alvin Wint got underway on Tuesday. The other members of the commission are Wilfred Baghaloo...

Published:Thursday | June 3, 2010 | 12:00 AM

IN A move that could pave the way for lower call rates locally, the Telecommunications Appeals Tribunal has dismissed an appeal from Mossel Jamaica Limited against a decision of the Office of Utilities Regulation (OUR)....

Published:Thursday | June 3, 2010 | 12:00 AM

The Government department that polices the country's labour laws, the Ministry of Labour and Social Security, is reporting an increase in breaches of the Employment (Termination and Redundancy Payment) Act in the 2009-2010 financial year...

Published:Wednesday | June 2, 2010 | 12:00 AM

WASHINGTON (AP): Construction activity surged in April by the largest amount in nearly a decade.

Published:Wednesday | June 2, 2010 | 12:00 AM

Australia's central bank left its key interest rate unchanged at 4.5 per cent Tuesday, citing increased caution among investors in the wake of Europe's sovereign debt crisis.

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