Grace lands deal in $8b hotel food trade

Listed conglomerate, Grace-Kennedy Limited has struck a deal with the Government that will see the aggressive financial services, food distribution and hardware retailer planting its feet firmly in the trade in fruits and vegetables, which agriculture ministry officials...

Dollar gain underlines positive signs

Sabrina Gordon, Business Reporter The Jamaican dollar closed trading on Wednesday this week at $87.99 to the United States (US) dollar, representing a significant 1.8 per cent appreciation against the US currency since the start of the year.

Eridania returns to sugar auction

Months after backing away from buying the remaining three sugar estates under Government's control, Italian firm, Eridania Suisse SA, has made a surprising about-face and is now among eight potential investors which submitted expressions...

Drought drains NWC's revenue

The state-owned monopoly piped water provider, National Water Commission (NWC), is accustomed to revenue shortfalls, a situation that has got from bad to worse. With net consumer receivables of more than $2.7 billion up to February...

China bauxite deal quarrel drags on

The office of the attorney general (AG) has sided with the Ministry of Energy and Mining (MEM) in the ongoing feud between that department and the Office of the Contractor General (OCG) over the proposed...

Wallenford coffee goes to market in months

The assets of Wallenford Coffee Company (WCC), the largest and among the best known producers that make up the elite Blue Mountain coffee brand, are expected to finally hit the market this summer, as the Government has...

New technology system to enhance GraceKennedy's risk management

Conglomerate GraceKennedy is setting aside up to J$457 or just more than US$5 million to buy a new information technology platform designed to increase risk management while driving efficiencies and new business across its local banking and investment...

Bartlett asks for US$10 million to do damage control

The Ministry of Tourism is seeking US$10 million to launch a public-relations campaign to mitigate the fallout that the recent violence in western Kingston has had on the tourism product.The industry is reporting losses of US$350 million....

Links between business and crime

Are there links between business and crime? Obviously, yes! But are they positive, negative, more one than the other? Jamaica Chamber of Commerce says the operation in Tivoli Gardens last week is likely to have a tab of...

Johnathan Brown elected president of credit union group

Johnathan Brown, retired director of domestic debt in the Ministry of Finance and the Public Service, has been elected president of the Jamaica Co-operative Credit Union League (JCCUL) at it 69th annual general meeting held on May 22.Brown succeeds...

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