|Orange squeeze - Dip in Florida crop puts strain on juice market
Jamaica's citrus producers have warned consumers of a likely sharp spike in the price of the orange juice and drinks they process in face of a slump in Florida's orange crop that is driving up the price for the imported frozen concentrate...
Davies solves BNS, DBJ quarrel with subsidy - But no date set for loan disbursements to begin
Government will pick up the tab for administering two loan financing packages of $600 million, nullifying a quarrel between the Bank of Nova Scotia and the Development Bank of Jamaica over the interest rate spreads...
Investment manager blasts stock market timidity... Gives poor grade to listed companies on information flow
Managing director of pension fund managers, Prime Asset Management, Rezworth Burchenson, hit hard at listed companies Wednesday, saying they were cagey with information and suggested that senior managers and board directors need to bone up...
Government committed to Air Jamaica for the long haul, but with new direction
Finance Minister Omar Davies will shortly seek Cabinet approval of a new restructuring plan for Air Jamaica, including the possible change of the airline's fleet from Airbus to Boeing planes, the latest in the long list of efforts....
Jamaica Producers finalises sale of UK Fruit
Jamaica Producers has completed the sale of its 65 per cent stake in UK-based banana ripening and fruit distribution company, JP Fruit Distributor, for US$41.9 million (approximately J$2.76 billion).
Government of Jamaica borrowings running $26b above budget
The Jamaican Government has spent 65 cents out of every dollar on servicing its debt during the first four months of the current fiscal year, missing its target of 59 per cent due to a $7.2 billion increase in amortisation costs above budget.
Further interest rate cuts likely
In a highly bullish press briefing on the state of the economy, Finance Minister Dr. Omar Davies said "further moderation of monetary policy" was likely in the near term, having pointed to positive movements in all major economic performance indicators...
Venezuela cuts another 50,000 barrels of oil
OPEC member Venezuela made a second cut in oil production this month, trimming a further 50,000 barrels per day (bpd) from its output on Sunday, in addition to a cut of the same size made on October 1, a senior official said on Wednesday.