Berger sees red over inferior paints
Hurting from the competition, Berger Paints has charged that the Bureau of Standards Jamaica is not doing enough to keep inferior imported paint products off the market, and is failing to police its own standards. "A lot of the imports are what you call cheapies," said managing...
Clampdown on damaged auto imports - No resale allowed for three years
In the past year, abouta thousand damaged vehicles have entered Jamaica for resale in contravention of import rules, pushing the Trade Board to clamp down on the practice. Raymond Reece, chairman of the motor vehicle committee at the Trade Board says neither dealers...
Petrotrin moves to raise US$750m for gas project
Petroleum Company of Trinidad and Tobago Limited (Petrotrin) is about to tap the international market for US$750 million of financing for an ongoing refinery upgrading and acquisition of new equipment by issuing a series of amortisation notes with tenure of up to 15 years....
Shaw hones in on misplaced priorities
Opposition spokesman on Finance, Audley Shaw, last week questioned Government's priorities, saying critically that some $9 billion was spent for a few days of World Cup Cricket when sectors like health need a resource boost...
Morris departs JPG in May - Search on for replacement
Peter Morris, chief operating officer and board director of Jamaica Producers Group (JPG), has resigned from the conglomerate, after 23 years with the company."At this point, I felt it time to pursue other opportunities," Morris told Wednesday Business.
Frozen assets not linked to personal, company assets, Croskery claims
Hugh Croskery, chairman and principal shareholder of Stocks and Securities Limited, says court orders freezing assets allegedly linked to Paul Chen-Young, do not include his personal nor company assets.Jamaica's Supreme Court and a court in Florida had ordered the freezing...
Anthony criticises VAT as oppressive
Dr. Kenny Anthony, former Prime Minister of St. Lucia, is against plans to introduce a value added tax (VAT), saying it was oppressive and undesirable for workers and the poor. Anthony's successor, Prime Minister Sir John Compton, last Thursday announced...
New insurance firms flock to BVI for haven
Dozens of new shareholder-owned insurance companies set up shop in the British Virgin Islands last year, joining a growing list of US insurers seeking to avoid taxes and regulation in their homeland, officials said Thursday.
FGFS analyst predicts bearish year for stock
With investors attracted t investments, it will be another bearish year on the Jamaica Stock Exchange, says assistant vice for research at First Global Financial Services, Dean McDonald." It is my view that the stock market will trend in a similar fashion..
Toyota overtakes GM in Q1 sales
Japan's Toyota Motor Corp. outsold General Motors Corp. by around 90,000 vehicles in the first quarter, moving a step closer to unseating its U.S. rival as the world's biggest automaker. Toyota has been widely expected to challenge 99-year-old GM this year...
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