Sugar deal pays off

Jamaica is yet to deliver all the raw sugar promised to Eridania Suisse SA, but has already paid back the funds seeded by the European trader and refiner and booked a profit from the monies collected on shipments to date....

Chinese-car dealership

Car-parts company André's Auto Supplies Company Limited is about to launch into motor-vehicle sales with an arrangement all but tied up for the acquisition of the dealerships for the Great Wall and JACS brands...

Real economy contracts 1.4% in Q1

The Planning Institute of Jamaica (PIOJ) said Thursday that three sectors of the economy grew in the first calendar quarter, but the performance of agriculture, tourism, and electricity and water were insufficient...

Europe pays off in sales for JP

Jamaica Producers (JP) Group's refocus on markets in Europe beyond bananas has positioned the company for turnover and profit growth when others in its class are struggling to maintain sales in an income-depressed domestic market....

JPS fuel bill doubles, profit grows 693%

Electricity consumers paid an approximately J$12.5-billion energy bill for fuel used by provider Jamaica Public Service Company (JPS) to power its grid between January and March this year.The utility bills its fuel charges as a pass-through cost...

20-year Chinese loan to build low-cost houses

The Chinese have emerged as major backers of low-cost housing for Jamaicans, pumping financing of up to J$6.3 billion into new projects to be rolled out this year.The Housing Agency of Jamaica (HAJ) plans to put some 9,800...

Apology to the so-called 'PIIGS'

Sincere apologies to Portuguese, Italian, Irish, Greek and Spanish nationals: you are no PIIGS. My May 14 column was altered.

Of copyright and competition

The case brought by Paymaster Jamaica Limited against Grace Kennedy Remittance Services Limited (GKRS) and Paul Lowe raised legal issues not frequently dealt with in our court system and has now...

Oil settles at US$68 after day of wild swings

Oil prices resumed their May swoon Thursday as concerns over the European economy had traders bailing out of energy commodities.

Venezuela takes control of 31 brokerages in currency probe

Venezuelan regulators have taken over management at 31 brokerage companies while investigating what they say may be illegal currency-trading practices, as well as money-laundering and management problems ...

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