China Motors, which operated an auto dealership in Montego Bay, St James, and claimed that it was plagued by complaints of defective vehicles sourced in China, has lost its bid to have a default judgment against the company set aside.
Betting, gaming and lottery company Supreme Ventures Limited (SVL) has reported increased profits for the nine months to September 30, 2012, but said the company continued to face the challenge of increasing bad debts as agents become delinquent in settling outstanding invoices.
Grades and standards for fresh agricultural produce are considered among the main tools for the marketing of commodities in the local and international markets due to worldwide commercialisation of agricultural produce.
THE AGRICULTURE ministry has failed to deliver on the promised transformation of its fisheries division into an executive agency and promulgation of a new fisheries act, with no resolution of either issue in sight.
Minister of Agriculture and Fisheries Roger Clarke last Thursday served notice of Government's intention to impose a levy on lobster exports, similar to the US$1 cess charged for every pound of Queen Conch legally harvested and exported from Jamaica.
ERIC YOUNG is confident that by next week, farmers in Cane River will begin to benefit from use of a 5.5 horsepower pump which was presented to them on Saturday.
Published:Wednesday | December 12, 2012 | 12:00 AM
Delta Airlines said it will buy almost half of Virgin Atlantic for $360 million as it tries to catch up to rivals in the lucrative New York-to-London travel market.
Published:Wednesday | December 12, 2012 | 12:00 AM
The Italy-based producer of alcoholic and non-alcoholic beverages, Davide Campari-Milano Group, on Monday described as successful the 99 per cent acceptance of its tender offer for all issued and outstanding ordinary and preferred shares of Lascelles deMercado and Company.
Published:Wednesday | December 12, 2012 | 12:00 AM
HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a United States (US) money-laundering probe.
Published:Wednesday | December 12, 2012 | 12:00 AM
Despite the challenging economic environment, stockbroking outfit Barita Investments Limited said it has increased its net profit for the financial year ended September 30, 2012 by 16 per cent to approximately $255 million.
Published:Wednesday | December 12, 2012 | 12:00 AM
The Guyana government says it will sign a new air transport agreement with the United States that will stimulate competition and minimise government intervention.
Published:Wednesday | December 12, 2012 | 12:00 AM
Prime Minister Dr Denzil Douglas has announced a postponement of the national budget after two members of Cabinet failed to attend meetings at which the fiscal package had been discussed.
Published:Wednesday | December 12, 2012 | 12:00 AM
Agriculture Minister Roger Clarke recently joined with cane farmers in bashing the business practices of Pan Caribbean Sugar Company (PCSC), whose operations appear to diverge from traditional commercial arrangements.
Published:Wednesday | December 12, 2012 | 12:00 AM
The locally based Facey Group, one of the largest distribution companies in the Caribbean, has secured a landmark US$182 million (J$16.5 billion) loan for refinancing and working capital requirements within the 30 territories in which it operates.
Published:Wednesday | December 12, 2012 | 12:00 AM
Senior lecturer in the Department of Economics at the University of West Indies, Mona, Dr Damien King, has suggested that sectors currently earning income in foreign exchange are likely to post net gains as the Jamaican dollar continues to lose value.
Published:Wednesday | December 12, 2012 | 12:00 AM
British police arrested three people Tuesday as part of their investigation into the manipulation of a key benchmark interest rate, the first British arrests in a scandal that's had global ramifications.
National Commercial Bank Nation Builder National and Regional Awardee, Canco Limited, has had a positive impact on the local community of Seaforth in St Thomas for more than 26 years. Not only has Canco Limited assisted with a breakfast feeding programme at the Seaforth Primary School, but the company's plant is located in the community.
Members of the Business Process Outsourcing (BPO) and Information and Communications Technology (ICT) sector have formed an umbrella group, the Business Processing Industry Association of Jamaica (BPIAJ) with the support of the Jamaica Promotions Corporation (JAMPRO), the national investment and export promotion agency.
The Antigua-based regional airline, LIAT, Friday unveiled a new business plan it said would help reverse an EC$43-million loss last year while projecting a two per cent profit in 2013.
Scotia Jamaica Building Society (SJBS), which saw its mortgage portfolio grew to more than $13 billion during its last financial year, said its competitors appeared to be concentrating on offering the lowest rates, but said it will not be part of any...
Jamaica Hotel and Tourist Association (JHTA) president, Evelyn Smith, expects tourist arrivals in 2012 to grow two per cent year on year, aided by new airlift which doubled arrivals from countries such as France and Colombia.
