MegaMart Wholesale Club has sold its retail stores in Portmore and Montego Bay to a group of pension funds in a deal worth J$2.3 billion. The deal will result in external ownership of all the real estate assets - land ...
The Office of Utilities Regulation has formally cancelled its agreement with JPS for development the 360 MW liquid natural gas plant, but the power company said Tuesday that the decision does not mean an end to the energy project.Jamaica Public Service...
Scotiabank Jamaica is developing a new risk-rating system for small businesses in eight sectors, in partnership with the Development Bank of Jamaica and with backing from the Inter-American Development Bank. The two-year programme will clarify...
The United States government is accusing the debt-rating agency Standard & Poor's of fraud for giving high ratings to risky mortgage bonds that helped bring about the financial crisis.The government filed a civil complaint late Monday against...
Jamaica has been touting its plan to develop itself as the world's fourth logistics hub, but Panama is ahead of the game and will likely take that title.Jamaica is banking on Panama's signature project, the canal expansion...
Start-up costs associated with a second CPJ Market outlet and the popular Cru Bar clipped profits at Caribbean Producers Jamaica Limited in its December quarter.The distribution company known for its wine and meat products spent J$80 million developing...
The Alaskan Brewing Company is going green, but instead of looking to solar and wind energy, it has turned to a very familiar source: beer.The United States-based beer maker has installed a unique boiler system in order to cut its fuel costs.
Michigan Attorney General Bill Schuette is warning residents to be on the lookout for potential used-car buying scams.Schuette's office issued a consumer alert Monday warning Michigan residents of dealers trying to sell refurbished cars without...
Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiralling inflation.The price freeze applies to every product in all of the nation's largest supermarkets - a group including Walmart, Carrefour, Coto...
The Bahamas government says it is important to develop alternate forms of energy, complaining that the high cost is also impacting foreign investment into the country. These are issues that concern us and let me just state it for you....
The Antigua and Barbuda government says it is seeking support from opposition legislators as it seeks to resolve its long standing gaming dispute with the United States.Finance and Economy Minister Harold Lovell said both sides in Parliament had a stake...
The St.Kitts-Nevis Chamber of Industry and Commerce Friday called on Prime Minister Dr. Denzil Douglas to ensure that an opposition inspired motion of no confidence on his administration is brought before the National Assembly without further delay.
The umbrella Jamaica Co-operative Credit Union League has tapped one of its top strategists, Heston Hutton, to head up a new subsidiary set up to provide professional services to its credit-union members.
Robert Drummond has quit his job as president of First Global Financial Services (FGFS), ending eight years of employment with the GraceKennedy conglomerate to be his own boss.
West Indies Home Contractors Limited (WIHCON) is projecting revenue of at least J$400 million from a new commercial development at 34 Lady Musgrave Road, a high-priced location on the cusp of New Kingston, but is not saying how much it plans to invest.
