Peter McConnell, managing director of Worthy Park Estates, has acquired additional cane lands from Government to increase production, but says his plan for the property is limited by the terms of the lease agreement...
Business confidence among Jamaican firms improved in the last quarter of 2009, but consumer confidence continued to decline, researcher Professor Richard Curtain said Tuesday."When you combine the two indices, you can see that confidence is rather flat...
Two of Jamaica's advertising houses Dunlop Corbin Communications (DCC) and Prism Communications Limited are merging operations to stay afloat in a recession-hit market.The merged entity will be called DCC Prism Limited."The advertising pie has not grown...
General Motors Company may reopen some shuttered factories because it can't produce certain vehicles fast enough, its North American president said Monday.Mark Reuss told reporters at the North American International Auto Show in Detroit that plants...
Dutch brewer Heineken NV said Monday it will buy the beer-making operations of Mexico's Femsa in an all-share deal that values the maker of Dos Equis, Tecate and Sol beers at US$5.5 billion, excluding debt. Including debt, which Heineken will assume...
New York Attorney General Andrew Cuomo on Monday pressed America's eight biggest banks to reveal how much they plan to pay out in employee bonuses for 2009.Cuomo told reporters that he also wants to know how the size of the banks' bonus pool would have...
Port Computer Services Limited (PCS), the Jamaican partner of Westbrook Technologies, is now offering FortisBlue, a web-based document management software catering to the entry level market. FortisBlue, which was launched internationally by Westbrook in...
It used to be that fast food was the answer when dining on a tight budget. Now, those budget meals are not only likely to pile on the pounds, but put the squeeze on patrons' pockets as well. While consumers were bracing for generally higher prices on goods and services...
The gains from the introduction of a graduated income-tax scheme will earn the Government little revenue, economist and university professor Damien King is suggesting in a swipe at the tax package announced December 23 by the Golding administration...
Question: My 2003 Honda Stream motor car was stolen on November 9, 2008. As I was not in Jamaica, I had difficulty in getting a police report. The settlement of the claim was delayed as a result.
Newly incorporated Proven Investments Limited (PIL) will be offering as many as 200 million shares in the company to investors in a private placement scheduled for January 20 to raise equity of up to US$20 million."Proven Investments Limited has filed...
Caribbean International Bank Jamaica Limited, says a slow economy presents the perfect opportunity to pursue higher academic learning."Earning an MBA in a slow economy helps individuals broaden their knowledge...
It took 10 years and $40 million to be completed, but on November 19, Elaine Peck launched the project on which she has spent much of her passion and all her resources — EPA Virtual Educator (EPAVE), which...
There is a new spirit of industry and anticipation at the Duckenfield sugar factory in St Thomas, which the Government sold last year to Seprod and Fred M. Jones Estate...
The once-cuddly relationship between Google Inc and Apple Inc is morphing into a prickly power struggle as the ambitions and ideas of the technology trendsetters increasingly collide. The growing use of high-powered phones for Web surfing ...
To almost no one's surprise, the United Nations' (UN) two week-long climate-change conference held in December in Copenhagen ended without any binding agreement being reached on how to regulate global carbon emissions. Instead, after a face-off between...
The continued uncertainty surrounding the details of the International Monetary Fund (IMF) agreement may have contributed to the current apathy that dominated equity trading last week. Trading on the stock market was characterised by very low trading volumes...
A string of exploding investment bubbles that started with the dot-coms and ended with mortgages and oil dominated the years from 2000 to 2009. And it looks like the next decade will be no different...
A CEO recently told me one of the greatest deterrents to staff productivity was the widespread financial problems among workers. Some had even taken out loans with so-called 'loan sharks' at rapacious interest rates....
BUSINESS STUDENTS, professionals and entrepreneurs gathered at the closing lunch of the Caribbean MBA Conference where they discussed management and investment strategies.
Moving to scotch speculation that it might be in trouble after two deals to raise cash, Sagicor Financial Corporation (SFC) said Thursday that it merely needed capital to fund its expansion in the United Kingdom (UK) and the United Kingdom (UK) and the United States (US) ...
Jamaica Mortgage Bank (JMB), one of the several big creditors owed money by KES Development Limited, is going after personal holdings of Hugh Scott and his wife Elesa, the directors of the failed real estate firm. The government-owned housing financier...
It is fashionable to compare Jamaica's 'underdevelopment', with Singapore's rise. Recently, Richard Byles of Sagicor Life Jamaica Limited, made the comparison: Jamaica off track, rudderless without a plan...
Guardian Holdings Limited (GHL) has shed two more subsidiaries, Gibraltar-based insurance carrier Zenith Insurance Plc and GHL Insurance Services UK Limited, but said the transactions should not be viewed as a pull back from the European market but, rather...
The Monymusk sugar factory began grinding cane this week, and is working with a set target of 37,000 tonnes of sugar from 426,000 tonnes of cane - a tonne cane tonne sugar or TCTS ratio of 11.51. The factory is still undergoing major rehabilitative work...
