Nicholas dismisses REDjet as serious rival

George Nicholas III, chairman of Caribbean Airlines/Air Jamaica rejects the view upstart carrier REDjet can be called an airline and insists that the regional carrier, which is owned by two governments, will refrain from...

JEA predicts lost market share under new US food law

Jamaican exporters say the new Food Safety Modernisation Act (FSMA), which calls for more rigid scrutiny of food products entering the United States, pose a great threat to the sector, and are already counting potential losses of up to J$7 billion per...

Sagicor to roll out J$2b real estate project in May Pen

Sagicor Jamaica is still finalising a J$2-billion plan for a commercial and residential complex in May Pen, but already the town's business association is touting its potential to grow jobs."Any development is always good for the community and we...

RBC Jamaica enters mortgage market

RBC Royal Bank Jamaica, the third-largest bank by assets, has entered the conventional residential mortgage market, targeting the middle to upper-income segment after delaying the launch of the service for more than two years to finalise rebranding ...

Nestlé deal to double frozen foods sales for Wisynco

Nestlé Jamaica Limited has signed Wisynco Group as exclusive distributor of its ice cream products.Wisynco managing director William Mahfood says the deal is expected to increase sales by its frozen foods division by 100 per cent over the next year....

Power brokers, opinion formation and democracy

All week the airwaves and international media have been abuzz with what appears, so far, to be the story of the century: Rupert Murdoch's News of the World's unexpected extinction. The move followed revelations that they hacked into phone messages...

Tax reform for growth in Jamaica

Politicos must bravely go where all experts have recommended before. The objectives of tax reform in Jamaica should be...

Hotel investment on the rebound

Hotel investment worldwide is rebounding after the deep slump, consequent on the Great Recession of 2008-2009, with US$14.8 billion having been invested in the second quarter of this year. This represented an increase of 117 per cent over...

Montego, Trelawny credit unions agree to merge

The Trelawny Co-operative Credit Union (TCCU) and Montego Co-operative Credit Union (MCCU) are negotiating a merger that would position the new entity among the top five with assets of J$3.2 billion and a loan pool of J$1.8 billion, once the deal...

Full take-up on COK share offer

COK Sodality's deferred share offer, Wealth Supreme, has been fully subscribed.The offer hit its J$300-million target on July 15, two working days ahead of its official closing date of July 18.The credit union said the plan was aimed at broadening...

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