Azan divests MegaMart real estate to pension funds

MegaMart Wholesale Club has sold its retail stores in Portmore and Montego Bay to a group of pension funds in a deal worth J$2.3 billion. The deal will result in external ownership of all the real estate assets - land ...

OUR bows out, but JPS not giving up on new plant

The Office of Utilities Regulation has formally cancelled its agreement with JPS for development the 360 MW liquid natural gas plant, but the power company said Tuesday that the decision does not mean an end to the energy project.Jamaica Public Service...

Scotia, IDB credit-rating system tackles access to bank loans

Scotiabank Jamaica is developing a new risk-rating system for small businesses in eight sectors, in partnership with the Development Bank of Jamaica and with backing from the Inter-American Development Bank. The two-year programme will clarify...

Jamaica trails Panama in logistics hub race

Jamaica has been touting its plan to develop itself as the world's fourth logistics hub, but Panama is ahead of the game and will likely take that title.Jamaica is banking on Panama's signature project, the canal expansion...

Profits slide at CPJ

Start-up costs associated with a second CPJ Market outlet and the popular Cru Bar clipped profits at Caribbean Producers Jamaica Limited in its December quarter.The distribution company known for its wine and meat products spent J$80 million developing...

S&P sued for pre-crisis mortgage ratings fraud

The United States government is accusing the debt-rating agency Standard & Poor's of fraud for giving high ratings to risky mortgage bonds that helped bring about the financial crisis.The government filed a civil complaint late Monday against...

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