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Business

Published:Friday | December 17, 2010 | 12:00 AM

Despite a sharp uptick in the cost of its operations at the factory floor and elsewhere in the company, Blue Power Group Limited has reported a 77 per cent jump in its second-quarter net profits, to J$8.4 million.

Published:Friday | December 17, 2010 | 12:00 AM

The management of the Urban Development Corporation (UDC) has all but given up on the local skills market in the state-run agency's search for staff to fill a plethora of positions it has advertised since mid-year....

Published:Friday | December 17, 2010 | 12:00 AM

Hugo Chávez's government sold China oil for as little as US$5 a barrel and was upset that China apparently profited by selling fuel to other countries, according to a classified United States (US) document released by WikiLeaks.

Published:Friday | December 17, 2010 | 12:00 AM

The Jamaica Stock Ex-change hosted its annual Best Practices Awards on December 8 in recognition of stock market companies that excelled in various categories in 2009.

Published:Friday | December 17, 2010 | 12:00 AM

In the midst of a sluggish world economy and difficult local economic circumstances, issues relating to climate change are not high on the agenda of many businesses. However, despite the recession, the challenge of addressing energy ...

Published:Friday | December 17, 2010 | 12:00 AM

Jamaica Money Market Brokers (JMMB) will be going to the market in January with a new preference share offer, structured in two parts to raise a combined J$2.1 billion. ...

Published:Friday | December 17, 2010 | 12:00 AM

IFC has arranged US$30 million (J$2.58b) in long-term financing for the Jamaica Public Service Company Limited (JPS), a portion of which will fund upgrades to limit system losses.

Published:Friday | December 17, 2010 | 12:00 AM

Finance Minister Audley Shaw says he will be unveiling initia-tives to make the banking sector more competitive, as he ramps up pressure on lenders to reduce the cost of capital at a faster rate....

Published:Friday | December 17, 2010 | 12:00 AM

As much as J$11 billion in cash is expected to flow into the system this week and next, and while money in circulation for December continues to increase year after year, retailers and the central bank are in agreement that it won't translate...

Published:Thursday | December 16, 2010 | 12:00 AM

Rural Economic Development Initiative in support of honey production in central Jamaica - In keeping with Ministry of Agriculture & Fisheries' strategy to stimulate rural economic growth and increase the nation's overall competitiveness, the Jamaica...

Published:Thursday | December 16, 2010 | 12:00 AM

Having spent more than $60 million over the past two years on technology upgrades, the GraceKennedy group is spending another $15 million in 2011 on equipment at its meat-processing plant...

Published:Thursday | December 16, 2010 | 12:00 AM

Nearly three years after the Morant Bay courthouse in St Thomas was destroyed by fire, Cabinet has approved $45 million for the construction of temporary facilities.Finance Minister Audley Shaw on Tuesday told members...

Published:Thursday | December 16, 2010 | 12:00 AM

Operators of Mavis Bank Coffee Factory say they want to sell the factory's product in Britain.They are hoping they might be able to forge an alliance with Jamaica-born celebrity chef, Levi Roots, to smooth the way into the market.

Published:Thursday | December 16, 2010 | 12:00 AM

Chrysler and Volkswagen announced large recalls Wednesday to address potential accidental air-bag deployments and possible fuel leaks.Chrysler Group LLC said it was recalling more than 367,000 minivans to address potential accidental air-bag deployments...

Published:Thursday | December 16, 2010 | 12:00 AM

Facebook founder and CEO Mark Zuckerberg has been named Time's 'Person of the Year' for 2010, joining the ranks of winners that include heads of state and rock stars as the person the magazine believes most influenced events of the past year...

Published:Wednesday | December 15, 2010 | 12:00 AM

The largest Us oil refinery released 10 million pounds of illegal pollution in the last five years, violating federal air pollution laws thousands of times, according to a lawsuit filed Tuesday by environmental groups.The lawsuit against ExxonMobil ...

Published:Wednesday | December 15, 2010 | 12:00 AM

The West African nation of Ghana is poised to begin pumping oil today, Wednesday, for the first time, kicking off a lucrative new industry expected to bring US$1 billion annually to a part of the world where most people...

Published:Wednesday | December 15, 2010 | 12:00 AM

Mother's Enterprise Limited, the operator of the Mother's restaurants will be opening another outlet in the Corporate Area and expanding two other existing locations as it positions the business to meet what its operators said is growing customer...

Published:Wednesday | December 15, 2010 | 12:00 AM

In a Port-au-Prince warehouse loaded with tarps, plywood, corrugated roofing, nails and other building supplies, company owner Patrick Brun says he had hoped to get contracts from the billions of dollars in international aid promised to Haiti.His...

Published:Wednesday | December 15, 2010 | 12:00 AM

A dedicated body for settling of commercial disputes will begin operating here in January, as businesses seek less costly and more time sensitive avenues to solve trade squabbles.The centre, which is a project of the Private Sector Organisation...

Published:Wednesday | December 15, 2010 | 12:00 AM

The path to Don Wehby's ascendancy to the top of the GraceKennedy group was clearer Tuesday after the company announced that he will assume the CEO's title next July, while the current boss, Douglas Orane, will be named executive...

Published:Wednesday | December 15, 2010 | 12:00 AM

The Government's business and development financing outfit, the Development Bank of Jamaica (DBJ) is on the hunt for more money to kick-start energy projects.It is said to be now wrapping up negotiations with the World...

Published:Wednesday | December 15, 2010 | 12:00 AM

The Economic Commission for Latin America and the Caribbean (ECLAC) says economic growth in the Caribbean this year will be much more slower than that of Latin America.It said that the Caribbean economies will expand...

Published:Wednesday | December 15, 2010 | 12:00 AM

The Dolphin Cove sale of shares attracted more than 500 subscribers, whose bids amounted to 206.9 million shares valued at J$620 million. The offer was for 80 million shares at J$3 per unit.

Published:Wednesday | December 15, 2010 | 12:00 AM

Germany would be willing to support the European Central Bank (ECB) with more capital if the bank said that was necessary, a government official said - a step that would reinforce the ECB's finances as it tries...

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