Fixed income market near 'standstill'

The inertia in the fixed income market was first evident in May when a three-year bond priced to yield 7.25 per cent got just J$715 million in subscriptions....

Ocean Spray distributorship means 10% more business for Pepsi Jamaica

Pepsi Cola Jamaica Bottling Company's acquisition of the distribution contract for Ocean Spray juice drinks will boost its business by an estimated 10 per cent, the company said Wednesday.Pepsi Jamaica took over the distributorship on September 1...

Rum Fire parts company with Red Stripe

Western Bureau: The Hussey family-owned Everglades Farms has parted company with Red Stripe Jamaica, which it hired as the exclusive distributor of its white overproof rum brand Rum Fire, and is now on the hunt for a new...

Basil Naar charts five-year growth path

First Heritage Co-operative Credit Union (FHC) has 10 offices open to members concentrated in five zones, but Chief Executive Officer Basil Naar...

IWC fund makes seventh acquisition

Real-estate fund IWC Opportunity Fund I, acquired its seventh property in the Tri-State area of the United States, financed from funds raised last December from mostly Jamaican investors.The building, located at 808 Macon Street, is situated along the...

World's oldest rum sells 300 bottles, 500 to go

Spirits company J. Wray & Nephew Limited on Wednesday revealed that it sold the equivalent of US$1.5 million (J$135m) worth of its premium reserve rum, aged 50 years to mark Jamaica's golden jubilee....

How the credit unions stack up

The Jamaica Teachers' Association Co-operative Credit Union (JTACCU), which has one of the smallest memberships of more than 30,000 among local credit unions, retains pole position in the sector with the largest asset base.JTACCU assets are valued...

Market choreography

In the same way as Solor's hallucinogenic reverie reverts to a string of graceful shades descending from the Himalayas in La Bayadare, the market is being choreographed into a striking tableau to end a very challenging year.One by one, the pieces...

Taxation and economic prosperity

David Leonhartd in the September 15 issue of the New York Times Sunday Review discussed the issue of tax cuts and the claim that they lead to economic growth.

Fire at Venezuela refinery

A fire that broke out at a Venezuelan oil refinery was apparently caused by a lightning strike, the country's top oil official said Thursday.Oil Minister Rafael Ramirez said the fire began on Wednesday night, engulfing two fuel tanks at the El Palito...

More contextual reporting, please

The EDITOR, Sir:I write in response to your article 'Consumer group against break-up of JPS monopoly'.This article confirms what many Jamaicans believe - we really don't have journalists, we have reporters.In this 21st...

Eurozone in deepening recession, survey finds

Europe appears headed for a deepening economic recession despite a recent easing in market concerns over the three-year debt crisis, a closely watched survey found Thursday.Financial data company Markit said its purchasing managers' index - a gauge...

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