Wed | Feb 26, 2020

Business

Published:Friday | October 29, 2010 | 12:00 AM

Penning my initial reaction to Finance Minister Audley Shaw's prescription of more banks to enhance competition, hoping interest and service charges would trend down, I wondered whether he was clear ...

Published:Friday | October 29, 2010 | 12:00 AM

J. Wray and Nephew Limited, Jamaica's premier rum distillers, has once again copped the Governor General's trophy as Manufacturer of the Year for 2009. J. Wray and Nephew last won the award, presented by the Jamaica Manufacturers' Association...

Published:Friday | October 29, 2010 | 12:00 AM

The Jamaica Livestock Association (JLA) continues to be hampered by inadequate working capital, posting a net loss of J$30 million at the end of its third quarter, even while increasing revenues. Its outlook, however, is rosier than past performance...

Published:Friday | October 29, 2010 | 12:00 AM

Within the past three weeks 'a substantial shareholder(s)' of National Commercial Bank Jamaica Limited (NCB), which is controlled by Jamaican-Canadian billionaire Michael Lee-Chin, has disposed of more than 23 million of the bank's shares...

Published:Friday | October 29, 2010 | 12:00 AM

In the story titled 'Palace to launch 3D in Mandeville', the Jamaican dollar equivalent of the investment was incorrectly stated as J$43 million.

Published:Friday | October 29, 2010 | 12:00 AM

The Government and trade unions yesterday officially reactivated the Public Sector Monitoring Committee, which will address issues such as wages, employment, productivity enhancement and cost-savings measures relating to the public sector....

Published:Friday | October 29, 2010 | 12:00 AM

Jamaica's Supreme Court has barred three petrol stations controlled by, or associated with, businessman Charles Chen from selling petroleum and car-care products until the court hears, and rules on, a claim by petroleum marketing company Total Jamaica...

Published:Friday | October 29, 2010 | 12:00 AM

Lloyd Kerr, owner of Empire Supermarket, is expanding his chain through acquisition, having struck a deal with Super Plus Food Stores for its Portmore Pines operation in St Catherine, sources have confirmed.The terms of the deal were not...

Published:Friday | October 29, 2010 | 12:00 AM

With losses averaging J$3 billion per annum over the past three years, most of it due to a write-off of old mobile infrastructure and building a new network, LIME Jamaica is negotiating with a global...

Published:Friday | October 29, 2010 | 12:00 AM

Exxon Mobil Corp said Thursday that income jumped 55 per cent in the third quarter on higher oil prices and increased production.

Published:Friday | October 29, 2010 | 12:00 AM

Venezuela's state oil company is considering selling some of its assets in the United States, the country's top oil official said Wednesday.

Published:Friday | October 29, 2010 | 12:00 AM

Beijing's campaign to make its fuel-guzzling economy cleaner and more efficient is making progress again after its huge economic stimulus caused a setback by triggering a boom in energy-intensive industries, the government said Thursday.

Published:Friday | October 29, 2010 | 12:00 AM

Grenada is partnering with international choco-late-making company L.A. Burdick to construct a modern plant as part of the efforts to improve cocoa production on the island.

Published:Thursday | October 28, 2010 | 12:00 AM

Bolivia's president Evo Morales says the Andean nation will proceed with or without a foreign partner and begin manufacturing lithium batteries.He said it will invest about US$900 million and start production in 2014. The landlocked South American nation...

Published:Thursday | October 28, 2010 | 12:00 AM

Stocks slid on Wednesday as concerns grew over whether the Federal Reserve's plans to buy Treasury bonds might be smaller and slower than anticipated.Another day of mixed earnings and economic reports also dragged down stocks.

Published:Thursday | October 28, 2010 | 12:00 AM

PARLIAMENT HAS approved the guarantee of US$20 million to the Students' Loan Bureau (SLB), even as members of the House of Representatives agreed it was not enough to allow the children of the poor access to tertiary education.The loan, which is being...

Published:Wednesday | October 27, 2010 | 12:00 AM

The employment of persons with disabilities (PWD) is a topic that is seldom addressed by business owners. It is believed, often incorrectly, that hiring these persons will result in added expenses such as special equipment to accommodate...

Published:Wednesday | October 27, 2010 | 12:00 AM

The following is taken from the Private Sector Organisation of Jamaica's Economic Policy Framework...

Published:Wednesday | October 27, 2010 | 12:00 AM

Ford Motor Company's third-quarter net income rose 68 per cent as it grabbed a bigger share of the United States auto market and buyers paid more for its highly rated cars and trucks.It was Ford's sixth-straight quarterly profit and the company's best...

Published:Wednesday | October 27, 2010 | 12:00 AM

Caribbean Airlines Limited (CAL) will begin a twice-weekly service to Grenada, taking over the route previously serviced by Air Jamaica, whose operation it acquired this year.In April, the Jamaican Govern-ment acquired a 16 per cent stake in CAL as part...

Published:Wednesday | October 27, 2010 | 12:00 AM

K divestment of the Norman Manley International Airport would likely increase the possibility of a merger of air and seaport oversight agencies, Earl Richards has said.The Norman Manley divestment, which is structured to include the domestic aerodromes...

Published:Wednesday | October 27, 2010 | 12:00 AM

Jamaica Producers Group (JP) is upgrading its peeling and packaging facility in Annotto Bay, St Mary, from which the company intends to start delivering to the market fresh produce ready for the pot.The company hopes to bring some of the products...

Published:Wednesday | October 27, 2010 | 12:00 AM

In today's story 'Factories Corp puts 13 properties on the market', the book value of the properties was incorrectly stated as J$589.2 billion.

Published:Wednesday | October 27, 2010 | 12:00 AM

Lime Jamaica has accused Digicel Jamaica of misrepresenting its WiMax broadband technology as fourth generation or 4G, saying it is more likely being delivered from a 3G platform, but the Irish mobile provider has hit back immediately...

Published:Wednesday | October 27, 2010 | 12:00 AM

With an eye on future earnings, the Govern-ment is marketing to potential investors several resort locations across Jamaica which are slated for development.And to lure them, Jampro is dangling various...

Pages

Subscribe to Business