Jamaica Gleaner - Business - Friday

Trade Winds adds new wing and automation

Citrus company Trade Winds has added a new wing at its plant to store the fruit concentrate it produces, and has automated the cleaning of some tanks used for storage as the McConnells look to wind down a three-year plan to make the operation more efficient....

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Honey Bun cautious about growth

The annual sales of Honey Bun bakery are trending towards a new record amid plans to increase products and staff, but the company cautions that the soft economy could offset company projections.The bakery has delivered...

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IMF prods Jamaica to act swiftly on economy

An International Monetary Fund (IMF) mission which on Wednesday concluded its article four consultation and initiated discussions on an economic support programme for Jamaica, has recommended that the government...

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Tax reform white paper to be tabled with budget

A white paper on tax reform is to be tabled in Parliament at the same time that the estimates of expenditure for fiscal year 2012/13 are presented, Finance, Planning and the Public Service...

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Jamaica eligible for subscription to green money from IDB, JICA

The Inter-American Development Bank (IDB) and Japan International Cooperation Agency (JICA) have agreed to provide up to US$600 million in financing for renewable energy and energy-efficiency projects in Central America and the Caribbean over the next...

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Glencore to buy Canada's Viterra

Swiss-based commodities firm Glencore International Plc agreed Tuesday to buy Canada's largest grain handling company Viterra Inc, in a deal valued at Cdn$6.1 billion (US$6.14 billion).Glencore will immediately sell the majority of Viterra's Canadian...

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Coffee Board pays down debt as sales improve

The Coffee Industry Board expected the sector to turn over US$11.76 million (J$1.02 billion) for the crop year in 2011, but did 54 per cent better than expected.Christopher Gentles, director general of the Coffee industry...

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AgriMin recreates a whole new world for cocoa with EU funding

Jamaica produces cocoa at levels that is one-seventh of market demand, and the Ministry of Agriculture and Fisheries is moving to close the supply gap with backing of €300,000 (J$35 million) from the European...

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Divergent response to Caribbean financial crisis, Part III

Last week we were able to consider the timing of responses to financial crises.The conclusion is clear: responses are swift when crisis threatens the workings of the entire financial system. A further element we might include is the impact insolvency ...

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Burrowes predicts another good year for Dolphin Cove

Backed by robust sales, marine attraction Dolphin Cove tripled its yearly profit to J$204 million and has told shareholders they will be rewarded with a dividend of four cents per share.Dolphin Cove's...

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Charges filed against Chevron execs in Brazil for 'enviro crimes'

Federal prosecutors filed criminal charges against 17 Chevron and Transocean company executives on Wednesday for an oil leak in the Atlantic, a move deemed outrageous by those targeted but applauded by environmentalists.Prosecutors accused the...

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Nissan revives Datsun but only for emerging markets

The Datsun brand is making a comeback.Nissan Motor Company chief executive Carlos Ghosn said Wednesday that the revamped brand will be targeted at emerging nations where the biggest growth is expected for affordable stylish vehicles...