Jamaica Gleaner - Business - Wednesday

Lascelles plans near $1b upgrade of distillery

Wines conglomerate Lascelles deMercado plans to upgrade its existing distillery at a cost of nearly J$1 billion amid the finalisation of its acquisition by the Italy-based Campari Group.

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Rapid True Value to close Newport East branch

Hardware & Lumber Limited (H&L) is to close its Rapid True Value store at Newport East, Kingston, come December 31, as the company continues its rationalisation programme to maximise efficiency and continue improvement in its bottom line.

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JBA pushes for inter-governmental agreement on FATCA

The Jamaica Bankers Association (JBA) is again urging the Government to push for an agreement with the United States to ease the costs faced by local financial institutions if they are to conform with the Foreign Account Tax Compliance Act (FATCA).JBA...

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Motorists to pay for air as gasolene margins fall

President of the Jamaica Gasoline Retailers Associa-tion (JGRA) Derrick Thompson said Monday that retailers have seen a 20 per cent fall-off in sales in the last 12 months, resulting in increased competition among some 300 service stations to maintain...

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New marketers needed for Jamaican coffee in China

The exclusive contract between the Ministry of Agriculture and Fisheries and the Zhejiang Dunn's River Coffee Company for sale of Jamaican coffee in China will end on February 1, 2013, opening the way for a wider network of operators....

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After TCI acquisition ... Sandals considers buying another Caribbean resort

Chief executive officer of the Sandals International group, Adam Stewart, said yesterday that US$2.5 million was spent on revamping restaurants and undertaking other upgrading work at the Veranda Resort...

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Fast-growing fish may never wind up on your plate

Salmon that's genetically modified to grow twice as fast as normal could soon show up on your dinner plate. That is, if the company that makes the fish can stay afloat...

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Public-sector workers reject govt's zero per cent wage offer

Public servants grouped under the St Lucia Trade Union Federation (SLTUF) have voted to reject a government wage freeze and have mandated their union to accept nothing less than the 16 per cent salary increases over the 2011-2013 triennium...

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Caribbean committed to Canada-Caribbean farm programme

Officials from Canada and the Caribbean on Monday began a five-day review of the Canada-Caribbean Seasonal Agricultural Workers' Programme (CCSAWP) in Barbados with the region indicating it remained committed to the project.Labour and Social Security...

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UN chief urges faster response to global warming

UN Secretary-General Ban Ki-moon on Tuesday urged governments to speed up talks to forge a joint response to global warming, describing it as an "existential challenge for the whole human race"...

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Chinese units of 5 big US audit firms charged

Federal regulators have charged the Chinese affiliates of five of the biggest United States accounting firms with impeding the government's investigation of Chinese companies by refusing to turn over documents.The Securities and Exchange Commission...

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Ernst & Young accused of failing to meet standards

The Ontario Securities Commission (OSC) is going after the auditor of troubled Chinese timberland company Sino-Forest Corp, accusing Ernst & Young of failing to conduct its audits in accordance with industry standards....