JPG resumes banana exports

Jamaica Producers Group (JPG) resumed the export of bananas last December but says its markets will be limited to countries in the Caribbean that do not grow the fruit.JPG had ceased the exporting the centuries-old...

UDC puts Belmont property up for sale

The Urban Development Corporation is advertising the property it owns in Belmont, St Ann, for sale to private developers, through its agent the Development Bank of Jamaica (DBJ).The DBJ says the property incorporates 3.4...

Little-White property Orange Grove put up for auction

The 10-acre Orange Grove Great House property that is the centrepiece of the Outameni natural history attraction in Trelawny has been put up for sale by auction.The property and great house are owned by Orange Valley...

Red Stripe capacity sits idle in weak economy

Close to half of Red Stripe's beer manufacturing capacity is now idle, and the plant at Spanish Town Road has cut production time from seven days to five amid falling sales."The last couple of years have been challenging...

Flow to invest another J$30b in five years

Flow Jamaica plans to invest US$350 million (J$30b) over the next five years to provide new services of which roughly 10 per cent would be expended this year, the telecom provider said.The five-year investment upon...

SVL to delist from TTSE

Gaming and lottery company Supreme Ventures Limited (SVL) has opted to delist from the Trinidad and Tobago Stock Exchange (TTSE), citing low trading volumes.SVL advised in a January 3 letter to TTSE that it would delist at the earliest date possible...

Eleven car dealers close, survivors gear up for sales recovery

The used car sector lost eleven dealers last year, none of them major players, but their exit caps another bad year for auto traders that not even government intervention was unable to fully counter.The used car dealers...

Tourism not as buoyant as cheerleaders say

Contrary to the picture of buoyant tourism arrivals and earnings conjured up by the former minister of tourism, the latest Jamaica Tourist Board statistics show that the slide in stopover arrivals that began in...

Your columnist - Tea Party-accused leftist leaning adviser to Simpson Miller government

Among the responses to last week's column on the failure of our indigenous financial services sector in mid-1996 and national debt as important policy backdrops, I highlight one....

Facebook bares business soul in IPO filing

The unveiling came late Wednesday when the company filed its plans to raise US$5 billion in an initial public offering of stock.It's a revelatory moment that prospective investors, curious competitors and nosy reporters have been awaiting for two...

TALKING JOBS

Senior Project Director at Convergys Corporation, Bryan Carpenter (left), and Minister of Industry, Investment and Commerce Anthony Hylton pose with a handshake during their meeting at the Hilton Rose Hall Resort & Spa in Montego Bay...

Standford trial highlights

January 31: Ex-worker says Stanford lavishly spent on projects. A former employee of Texas tycoon R.

American Airlines to cut 13,000 jobs

The parent of American Airlines wants to eliminate about 13,000 jobs, 15 per cent of its workforce, as the nation's third-biggest airline remakes itself under bankruptcy protection.The company proposes to end its traditional pension plans,...

Carlos Slim denies he has monopoly on Mexico telecom

Telephone magnate Carlos Slim denied Tuesday that he has a monopoly on telecommunications in Mexico, disputing a report by an international economic forum that say a lack of competition has cost the country billions.Slim, who is the world's richest man...

Movements

Hylton joins N&M board - Top Jamaican banker Patrick Hylton has joined the board of Neal & Massy Holdings Limited, a Trinidadian conglomerate with businesses spread across...

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