Casino resort bids down to two - Salm and partners withdraw

The Ministry of Finance says only two of five prospective casino resort investors remain in the running for Approved Integrated Resort Development (AIRD) status, saying two were disqualified for unpaid bid fees....

SSL creates new cambio, remittance subsidiary

Stocks and Securities Limited (SSL) has announced the pending launch of a new cambio and remittance subsidiary, but the central bank, which regulates both market segments, said Tuesday that the company does not yet have the requisite licences....

Byles cautious, but sees ... Signs of green shoots

Co-chairman of the Economic Programme Oversight Committee (EPOC) Richard Byles said there were signs of green shoots under Jamaica's economic reform programme agreed with the International...

C2W Music starts collecting revenue - Announces partnership with Notting Hill

C2W Music Limited is showing increased revenue and a profit for the first time in its short history, according to its latest unaudited financial results for the quarter ended June...

Blue Power soap division dominates group profit

For the first time in Blue Power Group's history, its soap division was responsible for more than 50 per cent of total net profit, according to the latest annual results.Blue Power Group has kept up its sales figures for 2014 but has seen overall...

Trinidad Cement fails in last ditch effort to halt shareholder meeting - New TCL board elected

rTrinidad Cement Limited (TCL) was back court again on Tuesday in a last ditch effort to halt a special meeting some shareholders plan to use to oust some of the current directors that was scheduled for 5...

Public pension reform programme won't work - Unfunded obligations at $680b and growing

Public-sector employees now enjoy very generous pension benefits that Government pays from current revenue. The Jamaican Government does not put aside the necessary funds...

Bacon's Bahamas row reaches court in New York - Neighbour accuses billionaire of waging a smear campaign

A battle over Clifton Bay, a postcard-perfect patch of turquoise waters off the western coast of the Bahamas, has raged for years between its billionaire hedge fund...

BHP Billiton moves ahead with asset spin-off

BHP Billiton shares dropped nearly 5 per cent after the global mining house unveiled long-awaited restructuring plans that raised concerns for London-based investors and did not include a share buyback as part...

PricewaterhouseCoopers faces suspension, US$25m fine

PriceWaterhouse-Coopers will pay US$25 million and face a two-year suspension from consulting for new bank clients under an agreement with New York regulators following an investigation that showed the company improperly altered a report about Bank ...

McDonald's to sell packaged coffee

McDonald's plans to start selling its packaged coffee at supermarkets nationally by early next year, a move intended to help raise the profile of the coffee sold at its US restaurants.The world's biggest hamburger chain has made a deal with Kraft Foods...

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