Petrojam valued at US$130m - Venezuelans to pay US$64m for 49%
Venezuela's state-owned oil company, Petroleos de Venezuela SA (PDVSA) will pay just under US$64 million for its proposed 49 per cent stake in the Petrojam oil refinery and seems set to lend Jamaica a major...
RJR to acquire control of two cable stations
Radio Jamaica Limited (RJR) announced Tuesday that it has struck a US$1.75 million (J$115 million) deal with two cable stations in which it will acquire majority stakes. The media group signed agreements with Reggae Entertainment Television...
No relief for used car dealers
The government is pressing ahead with its September 1 deadline for used car dealers to begin paying all their taxes at the time they clear imported vehicles, but has promised to make the transition as easy as possible...
Jamaica Stock Exchange (JSE) down two per cent in two days
The summer doldrums continued on the this week with the main JSE Index shedding almost two per cent of its value over the past two days. Mayberry's Research Manager, Rex Shettlewood, attributed the continued decline...
Sale of Topaz real estate will proceed, says NCB's attorney
National Commercial Bank (NCB) says that it will be going ahead with its advertised auction of 81B King Street, despite a full-page advertisement which the owners of the property, Topaz Jewellers, took out in the newspaper in an apparent bid to dissuade..
Digicel to enter Guyana
Guyana has approved a cellular licence for Digicel to operate a GSM network there, which the Irish-owned telecoms immediately welcomed as an opportunity to expand its "footprint into South America."
No problem, says Salada - Scorched coffee safe, still tasty
Salada Foods, the listed coffee processing company, confirmed that recent production problems caused scorched bits of coffee beans to reach consumers in at least one of its brands of instant coffee, but says the product is not hazardous to health.
Sterling heads to the Eastern Caribbean - Assets top $3.9b
In four years, Sterling Asset Management has grown its funds under management from $257 million to $3.9 billion, a 15-fold increase, and has announced plans to introduce a new equity fund and to push its products within the region before the end...
LoJ revenues grow but six-month profits dip
Jamaica's leading life insurance company, Life of Jamaica (LoJ), reported six-month net profits of $1.17 billion, significantly lower than the comparative period in 2005 for which its earnings were restated at $1.52 billion.
Sony, Dell to pay for notebook recalls
DALLAS, Texas (AP): Dell Inc. said it will issue free replacement batteries to the owners of 4.1 million notebook computers with batteries made by Sony Corp. that were determined to be at risk of overheating and catching fire.
Students grade teachers for hire - Selection process spurs UK pupils on to improved marks
A SIXTH form college in south London has come up with a unique way of improving students' work. The Archbishop, Michael Ramsey Technology College in Camberwell allows them to sit on interview panels when hiring teachers.
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