Cigarette market under threat - Organised crime unit called in
Local cigarette retailer Carreras Limited is in a fight to reclaim its market from what highly placed sources say is a thriving underground trade for cigarettes controlled by bosses of organised crime. Carreras, a listed company that is 51 per cent owned by British American Tobacco (BAT)...
EPA text released
The full text of the Cariforum-European Union Economic Partnership Agreement (EPA) is now available to the public, posted in two parts on the Caribbean Regional Negotiating Machinery (CRNM) website (www.crnm.org)."The text that has been released reflects the result of the legal scrub...
JPMorgan offers Bear Stearns' best brokers incentives to stay
JPMorgan Chase & Company is offering bonuses to the top brokers at Bear Stearns Cos. to get them to stay with the company after it is acquired, JPMorgan said Tuesday. The packages, which would go into effect when JPMorgan's buyout is completed, are aimed at keeping Bear Stearns'..
Gas guzzlers reign in new-car market
Jamaica's crave for gas-guzzling vehicles remains strong, with sport utility vehicles (SUVs) continuing to top new-vehicle sales despite spiralling fuel prices that see motorists paying out more at the pumps.Regular gas or 87 octane is now flirting with a $70 per litre price...
GraceKennedy to pay $163m in dividends
Conglomerate GraceKennedy Limited has declared dividends of under 50 cents per stock unit, to be paid in two months. The group, whose operations are split into two divisions, investment and food/retail, last year made super profits of more than $3.5 billion or $10.45 per share...
Musson's stake in Seprod now 42%
Musson Jamaica Limited, in several trades reported by the Jamaica Stock Exchange (JSE), has snapped up more than 14.62 million additional shares in Seprod, boosting its hold on the manufacturing entity by another 2.8 per cent....
Financial fallout forces ratings review
The New York-based Standard & Poor's (S&P) is reviewing the way it conducts rating assessments amid a growing debate over the credibility of the operations of rating agencies.The debate has been fuelled by the recent demise of several financial companies....
Tax rush nets $14 billion - Computer to track non-compliant businesses
Jamaican companies and individuals coughed up more than $14 billion of income tax at mid-March, a figure that the Tax Administration Services Department (TASD) is reporting as a substantial improvement on returns filed a year ago. The tax department collected 38 per cent or $2.72 billion ...
JPS credit union opens doors to Digicel
The JPS credit union, a saving institution with $1.6 billion of assets, has opened its membership beyond the electricity sector to include telecoms Digicel Jamaica employees. As a result, the JPS Employees Cooperative Credit Union or JPSCCU has renamed...
Alcoa under criminal probe
The United States Justice Department has begun a criminal investigation into whether aluminium maker Alcoa Inc participated in bribery in the Persian Gulf state of Bahrain. Alcoa is co-owner with the Jamaican Government of the Jamalco aluminium refinery in Clarendon....
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