Published:Thursday | August 13, 2015 | 2:57 PMNeville Graham
Finance Minister Dr Peter Phillips is predicting a further downward movement of domestic interest rates. He says this is due to recent policy implementation gains and market forces propelled by the upcoming National Debt Exchange (NDX) payment of $...
Published:Tuesday | August 11, 2015 | 11:37 AMNeville Graham
Seprod Limited said it distributed about $64-million in notice pay last Friday to nearly 500 workers employed to subsidiary Golden Grove Sugar Company on the farm side of the operation.The company also faces the prospect of shelling out another $207...
Published:Wednesday | August 5, 2015 | 4:51 PMNeville Graham
Brian Pengelley has been running the Jamaican operations of Ameco since March, an American-owned equipment company that has done business in Jamaica for close to two decades.Pengelley was said to have been headhunted for the job to replace Patrick...
Published:Friday | July 17, 2015 | 4:07 PMNeville Graham
Proven Investments Limited has agreed to back as much as 55 per cent of the financing needed by a local consortium of bidders who are going after the Petcom asset.Christopher Williams, chief exe-cutive officer of Proven Manage-ment Limited, the...
Published:Thursday | July 23, 2015 | 11:02 AMNeville Graham
Stewart's Auto Sales Limited has snagged luxury dealerships formerly repre-sented by ATL Automotive, a division of the ATL Group, and will begin to sell the Jaguar and Land Rover brands as of September 1.The ATL Autohaus showroom in New Kingston is...
Published:Tuesday | July 21, 2015 | 11:26 AMNeville Graham
Stewart's Auto Sales Limited has snagged luxury dealerships formerly represented by ATL Automotive, a division of ATL Group, and will begin to sell the Jaguar and Land Rover brands as of September 1.The ATL Autohaus showroom in New Kingston is...
Published:Sunday | July 19, 2015 | 12:00 AMNeville Graham
Former Prime Minister of Barbados Owen Arthur is warning of the urgent need to adjust to the new realities of the Caribbean economy.He said the question facing Caribbean governments is how fast they can allow an economy based on a new paradigm to...
Published:Wednesday | July 15, 2015 | 8:11 PMNeville Graham
Bookings are already coming in for Courtyard Marriott Kingston, which will take in its first guests on October 2.General Manager Koen Hietbrink says when the hotel officially opens later this year, it will be strictly business. That is to say, the...
Published:Friday | July 10, 2015 | 2:28 PMNeville Graham
The Jamaica Public Service (JPS) said it has been granted telecommunications licences and has the requisite infrastructure to venture into the sector if it so desires, but has no concrete plans to enter the market at this time.According to President...
Published:Friday | July 10, 2015 | 4:32 PMNeville Graham
They have come with the muscle and they have mapped out the strategy. Epson knows Jamaica is HP country when it comes to printers and they are aiming to change that. The Talk of The Town restaurant at The Jamaica Pegasus hotel in New Kingston was...
Published:Wednesday | July 8, 2015 | 5:56 PMNeville Graham
Consultations are on in earnest between government officials and stakeholders in the sugarcane industry in the wake of a veiled threat by manufacturing conglomerate Seprod Limited to pull out of sugar production.Permanent secretary in the Ministry...
Published:Thursday | July 9, 2015 | 12:00 AMNeville Graham
Sterling Investments Limited saw total profit rose by just under 28 per cent on the back of a roughly 60 per cent increase in total assets, the company reported in its financial results for the year ending December 2014.Profits moved from $45.9 million...
Published:Thursday | July 2, 2015 | 11:43 AMNeville Graham
Caribbean Cement Company Limited is Jamaica’s Champion Exporter for 2014, for which it was awarded the Governor General’s Trophy on Wednesday night by the Jamaica Exporters Association. Caribbean Cement also copped the Category III...
Published:Friday | June 26, 2015 | 10:19 AMNeville Graham
The Jamaica Stock Exchange (JSE) is going after 50 newlistings, a target it hopes to hit within two years.The project is backed by the Inter-American Development Bank (IDB) and is especially targeted at SMEs.JSE General Manager Marlene Street-...
Published:Wednesday | June 24, 2015 | 12:00 AMNeville Graham
Those who do not take advantage of a range of incentives and opportunities offered by the National Water Commission (NWC) can expect drastic measures to come their way.The NWC says it will proceed with the measures in a bid to fulfil its goal of...
Published:Thursday | June 18, 2015 | 7:12 PMNeville Graham
Affiliated companies Quality Network Co-operative (QNet) and Credit UnionFund Management Services (CUFMC) have moved into shared premises close to both the commercial hub of Half-Way Tree and the business district of New Kingston.The credit union...
Published:Thursday | June 18, 2015 | 12:41 PMNeville Graham
Brian Samuel, coordinator of public-private partnerships (PPP) at the Caribbean Development Bank (CDB), is calling for more extensive use of PPP arrangements in the financing of major public infrastructure works.He says there are significant gains...
Published:Tuesday | June 16, 2015 | 12:01 PMNeville Graham
J. Wray & Nephew Limited is putting $10 million behind an introductory campaign for Stag beer and has collared dancehall front-man and summer-time dance king ‘Ding Dong’ Kemar Ottey for the promotions. Still Wray and Nephew will not...
Published:Tuesday | June 16, 2015 | 2:13 PMNeville Graham
Starting this weekend, Seprod will be slashing the price of its Cool Fruit brand of juice drinks by as much as 30 per cent, setting the stage to grab market share in the packaged drink segment.It follows the official unveiling of the company's newly...
Published:Tuesday | June 9, 2015 | 5:49 PMNeville Graham
Mounting claims have put a dent in profits at General Accident Insurance Company Limited.Managing Director Sharon Donaldson is reporting worrying first-quarter results that show claims moving up nearly 26 per cent to $185 million, compared to $147...
Published:Tuesday | June 2, 2015 | 12:00 AMNeville Graham
When the operator of the private luxury bus service Corporate Express launches into business next week, it is expected to do so using buses owned by Jamaica Urban Transit Company (JUTC).But the state-owned JUTC says that type of arrangement, in the...
Jamaican tech start-ups got a chance to make the perfect pitch last Thursday.Ten entities involved in the Start-up Jamaica Programme made five-minute pitches and fielded questions about their business as they sought to convince California venture...
Published:Tuesday | May 19, 2015 | 6:32 PMNeville Graham
A second luxury bus service called Corporate Express is about to enter the market, starting with one route from Kingston to Port Antonio and two buses, which will eventually grow to a fleet of four.Businessman and hotelier Ernest Constantine '...
