Blue Mountain brand - 'Not for sale'
The Blue Mountain brand will remain the property of the Coffee Industry Board, government officials have said in reassurance to dampen sector concerns that the planned divestment of Wallenford could include the world famous coffee name.
The Finance Minister's gluttony - Fiscal accounts end year $37b in the red
Finance Minister Dr. Omar Davies eked out a small budget surplus of $1.9 billion at the fiscal year just ended, but got there only by massive over-borrowing. Faced with underperforming revenue collections which ended the 2006/07 year at 4.8 per cent or 10.6 billion...
Wisynco boots Ironman
In a matter of months, Wisynco Group Limited will cease the manufacturing of Ironman water boots, worn by farmers islandwide, in a concession to the forces of globalisation, or more specifically, competition from China's cheaper imports. "I don't know the exact date," said Wisynco...
JPS power flows from retail business
The US$1.082 billion valuation of Mirant Corporation's Caribbean assets to be sold to Marubeni appears to be based on total 'enterprise value', the theoretical takeover price to buy all the acquiree's outstanding shares plus the company's debt...
$25 billion farmers' bonanza - Led by Sandals, local producers finding big hotel markets
Sparked initially by the strategic decision of one top hotel chain, local farmers and traders are being served increasinglylarger slices of the hotel market, whose food purchases range into billions of dollars annually to satisfy the appetites...
EU applies subtle pressure
The European Union is urging regional countries to finalise their negotiating stance by August, as it presses to meet a year-end deadline to conclude Economic Partnership Agreement (EPA) talks with Cariforum, a group that includes Caricom and Dominican Republic....
Sherwin Williams looks to regional markets
Sherwin Williams (WI) Limited, the local subsidiary of the global paint-manufacturing company is investing $200 million over the next five years to expand its reach into the Caribbean via a new distribution network. "We are going to be retooling...
Free trade and the right of protectionism
For decades, Alan S. Blinder, a Princeton University economist, former Federal Reserve Board vice-chairman and perennial adviser to Democratic presidential candidates, argued along with most economists that free trade enriches the United States and its trading partners...
Frank Ward new head of rum group
West Indies Rum & Spirits Producers Association Inc. has announced the appointment of Dr. Frank Ward as chairman of the board effective May 1. He succeeds Patrick Mayers, who retired April 30. Ward, who is managing director of the Rum Refinery of Mount Gay Limited, has been involved...
Dollar's decline tracks US fall from grace
The United States may have no military equals, but the challenges to its financial power have become impossible to ignore. A stark reminder came last Friday when the weakening dollar slumped to a record low against its main rival, the euro, after the U.S.economy recorded...
Big broker lands flat - NCB Cap income rises 17 per cent, but so do expenses
Faced with a challenging economic environment and a weak equities market, NCB Capital Markets, the investment and brokerage arm of the National Commercial Bank group, has posted flat profits for its six months ending March 31, 2007....
Guyana rules Jamaica rice market
Guyana has complained that selected countries of the Caribbean Community's (CARICOM) 15-member bloc are not supplying timely and accurate data on their rice imports while sidestepping application for the 25 per cent common external tariff (CET) on imported rice....
'Venezuela to import Brazilian ethanol'
Venezuela will begin importing Brazilian ethanol and the leaders of both countries enjoy a solid friendship despite past disagreements over biofuels, the Venezuelan Foreign Minister said on Monday."They've tried to use (biofuels) for intrigue, to divide our countries...
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