Jamaican manufacturers guaranteed business from Government
After years of lobbying by the Jamaica Manufacturers' Association (JMA), the Government will now adopt a procurement policy in favour of local manufacturers which will see government sourcing 10 per cent of its purchases from small...
Grace's $466m tech glitch
GraceKennedy Limited is likely to take a near half-billion-dollar hit from technology glitches which developed last year during upgrades to its money transfer platform. The conglomerate has made provisions...
New president at the helm of JUTC
Ryan White, former chief executive officer of Issa Transport Group, has switched to the public sector as president of the state-owned bus service, Jamaica Urban Transit Company (JUTC). White assumed office on February 1...
Transition at Caribic Vacations
Gordon Townsend, owner of the family-run Caribic Vacations group in Montego Bay, has handed over the running of the company to his son Oliver Townsend, 39. The older Townsend said through his publicist that he was freeing himself to seek out...
Trinidad's LNG deal with Jamaica contingent on Venezuela
PORT-OF-SPAIN, Trinidad: Trinidad and Tobago, facing increasing demands for natural gas for several new domestic industries and for export in its liquified form, LNG, is banking on a formal cross border agreement with Venezuela...
Forex market will stabilise - BoJ governor
Central bank governor Derick Latibeaudiere said Wednesday he expected no major disruptions in the foreign exchange market, despite the pressures last month that clipped half a point off the value of the Jamaican dollar...
RBTT: No truth to buyout rumours
Port-of-Spain-based RBTT Financial Holdings on Wednesday swiftly denied Caribbean-wide speculation that a buy-out of the financial institution was almost a done deal, though regional markets were still being affected by the reports.
Sagicor lists on London Exchange
Sagicor Financial Corporation has listed on the London Stock Exchange becoming the first Caribbean business to trade on the United Kingdom index, the company announced. "A presence in the international capital markets is an integral part...
No date yet for sugar bids
The companies short-listed to vie for Jamaica's sugar assets are yet to be issued with the documentation to move the process forward, the Development Bank of Jamaica (DBJ) confirmed yesterday.
Rusal merger approved... Topples Alcoa as industry leader
Russian regulators have given final approval to a three-way merger that would create the world's biggest aluminum producer, the companies involved in the deal said Wednesday. At the start of the month EU regulators also cleared the deal...
Productivity, informal sector
Last week's column inch allowed no exploration of key issues: growth, productivity, capital stock estimation, informal sector and their interaction. Blavy's study referred to in a previous column established that: 'Jamaica has ...
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