Wednesday | January 2, 2013

Business

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Pan-Jam takes bigger stake in hotel project

Property company Pan-Jamaican Investment Trust has increased its stake in the proposed US$23 million (J$2b) Courtyard by Marriott hotel project from one-quarter to more than one-third in the wake of the exit of an unnamed fourth investor....

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Wisynco to take bigger bite of pizza market

Jamaica's pizza market is dominated by two rival players who currently operate 18 stores between them, with most of the business concentrated in Kingston.One new frontier, however, has been Portmore in St Catherine...

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Marley Coffee market expansion comes at costly price

Jammin Java, which trades as Marley Coffee, tripled sales in its third-quarter ending October over year-earlier levels, but the cost of securing new distribution channels led it to record a net loss of some US$944,000. The loss grew five per cent larger...

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New Year, new you, new life

From one point of view, a new year is nothing but a new day.In a sense, there's nothing magically different between New Year's Eve and New Year's Day, except for the fact of human beings' reckoning of time...

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NYC counts record 52m visitors in 2012

The Big Apple is a bigger-than-ever tourist draw, welcoming a record 52 million visitors this year, Mayor Michael Bloomberg announced Monday.The estimate, up more than one million from last year, caps several years of effort to make the tourist trade...

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Oil climbs the cliff, ends year at US$91.82

Oil prices rose Monday as political leaders were trying to finalise a deal to avert the 'fiscal cliff' hours before the deadline.The US had until midnight New Year's Eve to avert a tax increase for everyone and spending cuts that would have hit defence...