Digicel loses

Cable and Wireless Communications Plc has vowed to recover legal costs incurred over three years of fighting a lawsuit brought by Digicel Group in the United Kingdom that claimed the former monopoly erected barriers to its entry into seven Caribbean...

Cane farmers pessimistic about sugar quota

Trelawny's Long Pond factory is not outputting sugar at the pace that Jamaican officials would like, as it increases up production in its first season under new ownership of Everglades Farm, but nor are several other...

Petrojam suspends ethanol production

Petrojam has reportedly shut down production of ethanol, idling the 40-million gallon capacity plant for lack of feedstock, one lawmaker is speculating. Petrojam Ethanol Limited (PEL) up to press time was yet to comment on questions that it requested...

GK gains US$12b from sale of investments

GraceKennedy Limited made US$12.3 billion from the sale of investments, which a top executive said Thursday was from the disposal of government bonds and other securities last year.But group Chief Operating Officer Don Wehby sidestepped comment...

JIIC fronts for new markets

Jamaica International Insurance Company Limited (JIIC) says it is now fronting more business to other companies, a realignment that shifts peril and other risk off its books but has also cost the company three-quarters...

Unravelling Lehman's creative destruction

Intermittent revelations about Lehman Brothers' operations immediately prior to its collapse provide an interested public with a rare keyhole view into a once scenic, beautiful cave, the attraction and envy of all the world's wannabe financial centres.

Deafening silence on rum

Special Trade Correspondent - Rum earns over US$500 million a year in foreign exchange and provides regional governments with over US$150 million in taxes annually, making it the largest agriculture-based value-added Caribbean...

Twelve years of lawsuits

Disparate treatment was meted out by FINSAC to investors and principals in the sector.In my situation, the Government not only stripped me of all assets that were in any way connected to any Eagle enterprise but also my personal assets having no...

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