Food-price cap a failure - But market stabilised, CAC survey finds
The government's $500 million subsidy programme that was meant to cap prices on basic food items for three months was ignored by most retailers, a survey by the Consumer Affairs Commission (CAC) has found. But the agency says the programme was somewhat effective, having served...
Business confidence steady - But consumers more cautious ahead of Budget Debate
Still riding the wave of optimism from last September's change of government, business confidence showed a mild uptick during this year's first quarter, although corporate Jamaica remained doubtful of a short-term take-off in the island's economy. At the same time, consumer confidence...
Pepsi marketing switch
John Burrowes, former marketing director of Pepsi Cola Jamaica, has been shifted to the beverage maker's regional team, and replaced here by Denise Dixon, the company said Tuesday. Dixon now has full responsibility for the planning, design and implementation of all marketing...
Ownership move approved by Capital and Credit Merchant Bank (CCMB) shareholders - To exchange five shares for six in CCFG
Shareholders of Capital and Credit Merchant Bank (CCMB) voted 99.98 per cent approval of the company's plan to delist its common stock and issue preference shares instead.The plan also calls for shareholders to switch their holdings to ownership of parent company Capital and Credit Financial Group ...
O'Brien, media company in stand-off - Digicel not affected, says Rabbitt
Billionaire Denis O'Brien, founder of the Digicel telecoms power-house, has reportedly set sights on a new acquisition but the target company is fighting what it perceives as hostile action and has labeled the Irish billionaire a 'dissident'....
Fuel dampens airline profit prospects
The slowing United States economy and surging jet fuel prices have forced an international trade group to lower its outlook on airline profits for the second time in four months, with domestic carriers expected to take the biggest earnings hit....
New 28-unit apartment complex for Norbrook - Lexington branches out with $1b investment
Developer David Stewart is transforming a 3.25 acre property in upscale Norbrook into a 28-unit luxury apartment complex - a $1 billion investment - he tells Wednesday Business. The first eight apartments in The Lexington - each 5,000 square feet - are being pre-sold for US$950,000...
Infinity BioEnergy, Government of Jamaica commence sugar negotiations - June sale still targeted
The sole bidder for Jamaica's poorly performing sugar assets has been identified as Infinity BioEnergy out of Brazil. Government now says it still expects to wrap up talks to maintain its June timetable for divestment. Infinity was one of eight companies prequalified to bid...
Heart over mind - Charting emotional intelligence
There are leaders who have the qualifications and then there are yet others who are 'Born Leaders'; one usually tends to stop at the phrase itself, seldom trying to go into the depth of the phrase. There have been many instances where an academically sound person loses the race to the top...
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