GraceKennedy Limited made US$12.3 billion from the sale of investments, which a top executive said Thursday was from the disposal of government bonds and other securities last year.But group Chief Operating Officer Don Wehby sidestepped comment...
Petrojam has reportedly shut down production of ethanol, idling the 40-million gallon capacity plant for lack of feedstock, one lawmaker is speculating. Petrojam Ethanol Limited (PEL) up to press time was yet to comment on questions that it requested...
Disparate treatment was meted out by FINSAC to investors and principals in the sector.In my situation, the Government not only stripped me of all assets that were in any way connected to any Eagle enterprise but also my personal assets having no...
Jamaica International Insurance Company Limited (JIIC) says it is now fronting more business to other companies, a realignment that shifts peril and other risk off its books but has also cost the company three-quarters...
Cable and Wireless Communications Plc has vowed to recover legal costs incurred over three years of fighting a lawsuit brought by Digicel Group in the United Kingdom that claimed the former monopoly erected barriers to its entry into seven Caribbean...
Intermittent revelations about Lehman Brothers' operations immediately prior to its collapse provide an interested public with a rare keyhole view into a once scenic, beautiful cave, the attraction and envy of all the world's wannabe financial centres.
Special Trade Correspondent - Rum earns over US$500 million a year in foreign exchange and provides regional governments with over US$150 million in taxes annually, making it the largest agriculture-based value-added Caribbean...
Trelawny's Long Pond factory is not outputting sugar at the pace that Jamaican officials would like, as it increases up production in its first season under new ownership of Everglades Farm, but nor are several other...
An organisation to recognise and highlight the skills and experience of retired persons, while providing them with an opportunity to continue to contribute to the development of the country, was officially launched today at the Knutsford Court Hotel...
The Guyana economy expanded by more than three per cent last year spurred by the recovery in the agricultural sector and continued strong gold production and robust activity in the non-tradable sector, the International Monetary Fund (IMF) has said...
Last year saw a decrease in the import bill as production of domestic crops went up. However, Minister of Agriculture and Fisheries Dr Christopher Tufton said if the drought continued, productivity would be affected.
Wall Street is hiring again. Among those in demand: traders of exotic financial investments such as derivatives, and risk managers whose job it is to keep companies from repeating...
Alcoa Inc opened the earnings season with a narrower first-quarter loss as demand for some aluminum products picked up from a year ago and prices rose. For the quarter that ended March 31, Alcoa, controlling partner in the Jamalco Refinery at Clarendon...
Employers are now seeking to reduce company expenses by any means possible. If you are interested in keeping your job for the long term, you should not leave yourself to the tender mercies of the chief...
Argentina says it will file a court appeal after a United States federal judge ruled a week ago that bondholders can seize US$105 million in Argentine central bank deposits held in the United States....
A United Kingdom-based company, Treboeth Developers Limited, is pouring US$11 million (J$990) into a beachfront property at Tower Isle in the parish of St. Mary where it will develop 32 condominiums.
Cemex has backtracked on its plan to sell off its 20 per cent holdings in Trinidad Cement Limited, having successfully rescheduled its debts. Sierra Trading, the vehicle used by the Mexican company for its holdings in TCL...
Trinidad-based Guardian Holdings Limited (GHL) has taken a hit of US$1.2 billion (J$16.5 billion) from its European business, but having written off the loss-making motor-insurer Zenith UK, the insurance conglomerate...
It is evident that across the globe, nations are experiencing increasingly, extreme weather conditions.In the Caribbean, this is now taking the form of a prolonged drought, not just in...
Aluminum Corporation of China Limited (CHALCO) is preparing to invest big in Jamaica's bauxite - and possibly the intricately linked energy sector - a deal that would lead to the divestment of more bauxite...
There is no uptick just yet in consumer confidence in Jamaica despite signs elsewhere in the world that the worst manifestations of the global economic crisis are beginning to recede, the quarterly consumer and business confidence survey has...
Kingston Properties Limited (KPREIT) has established a subsidiary in the United States, suggesting that the company plans a deeper foray into the investment market there.The company, a nascent real estate...
A Top CARICOM trade official is strongly defending the 2008 Economic Partnership Agreement (EPA) with the European Union amid recent suggestions that the agreement is not worth the paper it is written on. "I don't know if anyone can really say with any...
A month after the jobs of 762 employees from Windalco's Kirkvine and Ewarton facilities were made redundant, Minister of Energy and Mining James Robertson is confirming plans are under way to reopen at least one...
Microsoft Corp unveiled two cellphones Monday that are meant for social networking-savvy teens and 20-somethings in an attempt to revitalise its mobile business and regain ground on iPhones and BlackBerrys. Microsoft said its new touch-screen phones...
