Friday | March 6, 2015

Business

The Bank of Jamaica(BOJ) is reporting that loansto the smallest of firms, microenterprises, were recorded in statistically significant numbers for the first time in the September quarter.From its most recent credit conditions survey, the central...

A replacement has been found for Dr Eileen Chin who has stepped down as managing director of Lasco Manufacturing Limited due to ill health.Chin, a Cuban by birth and wife of Lasco Group Chairman Lascelles Chin, has run the manufacturing operation...

Copperwood Pork, operated by the Caribbean Broilers Group, has hit back against claims of a shortage of the meat to processors, saying it is motivated by efforts to gain market advantage through imports."The cries of specific processors to import...

In a tough economic atmosphere in which growth is hard to come by, one is pleased that there are a couple of sectors that are showing signs of some economic growth.Recent announcements from the European Union (EU) suggest that a traditional...

The decade has been pretty tough on the Caribbean.After posting a growth rate of 4.2 per cent year-on-year in 2011, the region went into a tailspin. In 2012, the Caribbean's GDP growth was 2.6 per cent y/y. It slipped to 2.5 per cent y/y in 2013 and...

Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth."People kinda need to settle in for a while," Tillerson said at the company's annual...

The CEO of Volkswagen AG is staying with his cautious outlook for this year, saying it's a "balanced statement" based on growth in the United States, Europe and China versus trouble spots such as Russia and Brazil.

Supreme Ventures Limited (SVL) has taken on a new business partner, which will manage what the company refers to as its new 'route gaming system' now being tested in select locations.Under a US$5 million partnership with local company, ICE Jamaica...

GraceKennedy Limited has racked up a new record year for revenues, but large expenses linked to inventory and other costs of doing business, plus a larger salary bill, have squeezed the conglomerate's profit margins.For 2014, GraceKennedy reported...

Proven Investments Limited has sold the loan portfolio of its hire purchase subsidiary, Asset Management Company Limited, to Access Financial Services for $500 million, a move aimed at consolidating the operations of both companies, says Proven's...
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