Jamaica is now Gruppo Campari's second-largest market in the Americas, according to the spirit company's newly released nine-month earnings report.Through the operations of local subsidiary J.
It is amazing how our elected officials abuse us and our weak and desperate economy.This fledgling and growth-avoiding economy needs all the help it can get, and our municipalities and many parish councils appear to be hell-bent on blocking numerous...
Partially influenced by declining borrowing rates, the loan market grew by J$16.7 billion in the September quarter, with the agriculture and tourism sectors taking the lion's share of business...
BH Paints West Indies Limited has given up its rights to the Glidden line of paints, having developed its own low-odour paint technology branded as Ultima...
A meeting between representatives of the RBC Royal Bank Jamaica and union representatives for laid-off workers at the former Wyndham hotel is scheduled for the Ministry of Labour next Tuesday, November 26.It is expected that the bank will, at the...
By ramping up local production of limestone and its derivatives, Jamaica could exploit lucrative overseas markets and generate inputs for local feed, food and pharmaceutical...
McDonald selected ICAJ Distinguished Member - The Institute of Chartered Accountants of Jamaica (ICAJ) has selected Everton McDonald as the 2013 ICAJ Distinguished Member for contribution to the institute and the accountancy...
The Office of Utility Regulations (OUR) has seen a jump of more than 50 per cent in the number of complaints that have been made to it about local utility companies over the last quarter, increasing by more than 300 calls from the previous quarter....
Burger King (Restaurant Associates Ltd) has for the third consecutive year contributed to the scholarship fund of the Women's Leadership Initiative (WLI), through which the organisation's mentees are assisted with educational expenses.The WLI is a...
Elgin Town Basic School, the largest school to be built so far by Food For The Poor in its 'Jamaica 50 Campaign', in collaboration with the Ministry of Education and HEART Trust/NTA received a much-needed boost from the RBC Royal Bank of Canada. ...
Published:Wednesday | November 20, 2013 | 12:00 AM
GraceKennedy's general insurance portfolio is unlikely to see a recurrence of one-off events linked to the motor business of a Jamaican subsidiary, which led to a near J$25 million loss, says Group CEO Don Wehby.Revenue is up three per cent in the...
Published:Wednesday | November 20, 2013 | 12:00 AM
Trinidad Cement Limited (TCL) has a bright outlook on its home market, is optimistic about Jamaica, but concerned about Barbados.In its third quarter, the cement maker reported a turnaround from a loss of TT$11 million in the previous period to a profit...
Published:Wednesday | November 20, 2013 | 12:00 AM
Captain Morgan is not the only rum brand to be owned by two competing distillers. Havana Club is owned by the Cuban government and French distiller Pernod Ricard, but the brand is also owned by Bacardi in the United States (US) market....
Published:Wednesday | November 20, 2013 | 12:00 AM
The Editor, Sir:The Financial Services Com-mission (FSC) writes in relation to the article entitled 'Private pensions now a $300b market - 337 dormant plans to be wound up', and published in the Financial Gleaner of Friday, November 16, 2013.It is...
Published:Wednesday | November 20, 2013 | 12:00 AM
As of October 23, commercial and merchant banks as well as building societies had J$64 billion of cash and other assets parked at the Bank of Jamaica (BOJ) as regulatory reserves.All deposit-taking institutions (DTIs)...
Published:Wednesday | November 20, 2013 | 12:00 AM
XFUND on the riseSagicor Real Estate X Fund shares have traded up three per cent since their listing last Friday.The stock, which trades under the symbol 'XFUND', closed Monday at $5.15 per share, up from its IPO price of $5.Jamaica...
Published:Wednesday | November 20, 2013 | 12:00 AM
We were recently sent two Jamaican media articles detailing the horrors and challenges associated with insurance fraud, from which it was apparent that during harsh economic times, this an increasing phenomenon as persons...
Published:Wednesday | November 20, 2013 | 12:00 AM
Eppley Limited says it plans to tap the market at intervals for funds, just ahead of its second offer for equity capital in three to four months, which chairman Nigel Clarke has said should not be interpreted as a negative.Rather, Eppley's planned...
Published:Wednesday | November 20, 2013 | 12:00 AM
JPMorgan Chase & Company will pay nearly US$300 million to California's public employee and teacher pension funds as part of a settlement related to mortgage-related investments, state Attorney General Kamala Harris announced Tuesday....
Published:Wednesday | November 20, 2013 | 12:00 AM
Ciboney Group Limited has now valued its sole remaining asset at $245 million, but says it is willing to consider an offer of four-fifths the market valuation.Ciboney's board is also willing to accept a deal at 20 cents per share for the company and the...
