A lucrative marketing deal with elite United States-based coffee house Starbucks could serve as a cushion to the blow Jamaica's high-end-earning coffee industry is expected to suffer from a US$12 million, or more than J$1 billion, plunge in sales, resulting from the extended drought conditions of the past several months.
Alexander Archer is a goat farmer in Clarendon who closed his Spanish Town supermarket to invest in agriculture. He borrowed $4 million from the Development Bank of Jamaica (DBJ) in 2006 at 13 per cent interest for seven years, to introduce solar energy on his property and also improve other areas of farm management.
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While the governing body for the local coffee industry, the Coffee Industry Board (CIB), has embarked on a programme to cultivate other markets apart from Japan, the predominant destination for Jamaican premium coffee, the board and its main trading partners in that Asian market, have come up with a scheme to improve the profile of the product there.
Leading corn and sugar refiner, the United Kingdom (UK)-based Tate & Lyle, with which Jamaica recently signed a forward sale-export agreement for sugar worth US$46 million, has reported a dip in annual profits,...
The Small Business Association of Jamaica (SBAJ) is to receive much-needed technical assistance from a Commonwealth Secretariat team, a London based multi-lateral inter-governmental agency which will see to the implementation of the small-business...
EAST ST LOUIS, Ill (AP):The United States (US) government has accused a former Canadian resident possibly living in the Philippines of bilking some 40,000 investors spanning six continents of $70 million in an Internet-based Ponzi scheme.
Is runaway debt giving you sleepless nights? Experts advise that individuals should not borrow more than a certain percentage (35 to 40 per cent) of income earned.
MILAN (AP):How low can the euro go? Many economists think the 16-country currency is headed for a significant decline because of Europe's government debt crisis.
Scotia Group Jamaica Limited has reported net profits of $2.6 billion for its second quarter ending April, a financial performance, which, though still strong, is seven per cent less than the banking group netted in the same period last year, reflecting...
Within days of Britain's new coalition government taking office, it announced that it would replace its controversial Air Passenger Duty (APD) with a per-plane tax or duty (PPD).