Jamaica Money Market Brokers (JMMB) is planning to float a new preference share offer in five months to raise J$2.5 billion, a month after it is expected to pay out a similar sum to redeem two other issues that mature December 14.The brokerage said it...
Jamaica Producers (JP) Group Limited reported flat sales and operating profit in the second quarter ending July 3, covering 13 weeks of operation, but was flush at the bottom line due to a one-off gain...
Jamaican Teas Limited made J$306 million of sales in its nine-month period ending June 30, from which it made operating profit of J$56 million.Sales grew by J$74.75 million or 32 per cent relative...
A merged entity which could be responsible for doling out more than J$8.4 billion a year in financing to micro, small, medium and large businesses is getting the thumbs up from exporters and small entrepreneurs...
Scotia Group Jamaica Limited says it will be refocusing on core business to grow its customer base, while making it more convenient for clients to do business with the bank as it de-emphasises trading and investment activities...
A mandatory requirement for the production of a taxpayer registration number (TRN) by persons doing money transfer transactions took effect this summer, three years late.A central bank official says the measure...
Cuba has begun allowing foreign investors to lease government land for up to 99 years, a step toward a future that could be filled with golf courses ringed by luxury villas, beachfront timeshares and vacation homes for well-heeled tourists....
The Caribbean region's largest rice producer says it will start selling the grain to Venezuela. Guyana expects to sell 70,000 tons (64,000 metric tonnes) of rice to its South American neighbour.
A partnership of Dominican Republic businessmen has bought that country's oldest daily newspaper and its radio stations, officials announced Monday.The Dominican Republic's Central Bank formalised the sale of Listin Diario to a group of 20 wealthy...
Political opponents of the Stephen King administration say St Lucia could end up losing control of 500 acres of land after the collapse of an agreement for the construction of a luxury hotel on the island....
Hewlett-Packard (HP) Company said Monday its board has authorised the repurchase of US$10 billion in shares. The announcement comes as the personal computer maker is involved in a bidding contest with rival Dell Inc...
Starbucks Corp is set to debut its latest caffeinated concoction - flavoured instant coffee. The coffee giant plans to announce Monday four new, slightly sweetened varieties of its successful Via instant brew....
The International Air Transport Association has said 47 major carriers it monitors to assess the industry's financial health reported a net profit of US$3.9 billion in the second quarter.
United States Federal Reserve officials signalled at their August meeting that they would consider going beyond a modest program to purchase government debt if necessary to boost the US economy. Minutes of the Fed's discussions from the August 10 meeting...
With the drastic loss of jobs of tens of thousands of Jamaican workers over the past eighteen months, many people are finding it hard to recover.Even for those with the buffer of a redundancy package, the uncertainty can be unnerving."I was devastated...