No LNG before 2010 - Alcoa prepared to invest elsewhere
Head of the state-owned National Gas Company in Trinidad and Tobago, Frank Look Kin says the twin-island state still has intentions of supplying LNG to Jamaica but at a date beyond 2009."We haven't reneged on any deal;it is still on, but it will come at a later date,...
GraceKennedy acquires 30% of Barbadian insurer
The Jamaican conglomerate GraceKennedy Limited yesterday announced its acquisition of a 30 per cent stake in Barbados-based general insurer, Trident Insurance Company, deepening its foray into the regional insurance business.Don Wehby, the deputy head...
Carreras winding up pension scheme - Decision remains on who gets surplus
Carreras Limited said last week that it would be winding up its old pension scheme in order to give the company an easier handle on managing and investing pension funds.Managing Director Michael Bernard said the Financial Services Commission was informed...
LoJ improves core business, but profit growth anaemic
Life of Jamaica (LoJ's) net profit attributable to shareholders was up only five per cent to $2.57 billion for calendar year 2006, but that's before you trim the fat from the 2005 earnings, says president and CEO Richard Byles....
Mirant reports post-bankruptcy profit - Boosted by sale of Philippines assets
Mirant Corp, an international energy company and 80 per cent majority owner of Jamaica's monopoly power provider, said Monday it posted an increased fourth-quarter profit, boosted by a number of one-time gains...
NWC invests $90m in infrastructure, equipment for CWC
National Water Commission (NWC) has invested more than $90 million in new equipment and sewer infrastructure upgrades within the vicinity of Sabina Park in readiness for the Cricket World Cup to launch off in Jamaica on March 11.But, the water agency...
Eight months later, Carreras still awaits tax verdict
The Revenue Court is yet to hand down its ruling on Carreras Limited's challenge of the $5.7 billion tax assessment against the company in 2003, more than nine months after the hearings concluded."On May 22, 2006 the matter was addressed in the Revenue...
Citigroup bids US$10.8b for Japanese broker
TOKYO, Japan (Reuters): Citigroup bid US$10.8 billion for Japan's scandal-hit Nikko Cordial Corp yesterday, hoping to secure its biggest Asian deal and mark its resurgence in the world's second-biggest economy.Citigroup, the largest U.S.
US$12.5m payola settlement
WASHINGTON, United States (AP):Four major radio broadcast companies have tentatively agreed to pay the government US$12.5 million (?9.5 million) and provide 8,400 half-hour segments of free airtime for independent record labels and local artistes...
|
