Fri | May 22, 2015

Business

The domestic beer market is now at least 50 per cent larger than it was when J. Wray...

A LOCAL group of gas station owners calling themselves EDJ Acquisition Company Limited are to bid for the assets of Jamaica's fourth largest petroleum marketing company, Petcom, the Financial Gleaner has confirmed.The consortium includes Trevor...

The continued lagged impact of the drought which prevailed last summer has been blamed for the poor performance of the Jamaican economy during fiscal year 2014-15, with the Planning Institute of Jamaica (PIOJ) estimating expansion of a mere 0.1 per...

The panel created to prevent a repeat of the 2008 financial crisis says banks and other financial institutions are stronger now but regulators must remain alert to new risks, including the danger posed from cyberattack.In its annual report to...

Exxon Mobil Corp confirmed Wednesday that it has made what it calls a "significant" oil discovery off Guyana, in waters also claimed by Venezuela as part of a long-running border dispute between the South American countries.The company and Guyana's...

Four of the world's biggest banks agreed Wednesday to pay more than US$5 billion in penalties and plead guilty to rigging the currency markets, a rare instance in which federal prosecutors have wrung an admission of criminal wrongdoing from a...

Pressured by mounting complaints of a language barrier, Cable and Wireless Communications Plc will return its call centre operations to the Caribbean, with plans for a 200-seat contact centre that will replace the service now provided from Spanish-...

Japan's economy grew at a faster-than-expected 2.4 per cent annual pace in the January-March quarter, suggesting a recovery is gaining traction despite persisting weakness in corporate and household spending.About two percentage points of the first...

would be taking a firmer approach to supervision. The FSC itself is headed by Executive Director Janice Holness."Effective August 1, 2015, the FSC will implement a zero-tolerance approach to breaches of the legislation which it administers. This...

The Development Bank of Jamaica (DBJ) said on Friday that it has concluded the sale of resort properties FDR Pebbles and FDR Resort.Neither the buyer nor the terms of the sale were disclosed."The DBJ's legal department has just advised that the sale...
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