Transition at MBJ Airport - Majority owner ACS to name new CEO, chairman
Jorge Sales, chief executive of MBJ Airports Limited, concessionaire for Sangster International, departs Jamaica at the end of June to take up a bigger assignment in Mexico, as head of a 12-airport operation managed by Grupo Aeroportuario del Pacfico...
Air Jamaica to drop eight Airbus planes, lease six Boeings - BA 'hurt' by Virgin deal
Mike Conway, president of Air Jamaica, says the two A340 planes that service the London route, will be returned to lessor, Airbus, in October, around the time that Virgin Atlantic takes control and launches its new flights between Norman Manley International and Gatwick.
GraceKennedy adopts anti-money laundering safeguard - Jackson criticises plan as power transfer
Despite an objection raised from the floor, GraceKennedy shareholders on Monday gave directors the go-ahead to impose sanctions on shareholders who decline todisclose the beneficial or true owners of GraceKennedy stock. The proposed penalty is an anti-money....
Pepsi expands, doubles annual investment - Targets bigger non-carbonated market
In a year it believes it is poised to make a profit, Pepsi Cola Jamaica Bottling Company Limited is doubling its annual investment to pump US$5 million (J$337.5 million) into its operation to upgrade its second bottling line at the Spanish Town Road plant in St. Andrew....
C&WJ grows net profit but margin dips - Prepayments, property boost assets
Cable and Wireless Jamaica Limited (C&WJ), claiming a vibrant Internet and mobile market, grew its revenues 9.5 per cent to $24.68 billion, from which it carved net profit of $2.05 billion for its financial year ending March 31.
JMB to float another $1b of housing bonds
Jamaica Mortgage Bank (JMB) will float new domestic bonds to raise $1 billion that will build on funds targeted for lending to developers and the mortgage market.The plan follows its raising of $1.1 billion last year through targeted placements.
Seven agri-processors certified by ISO as enviro-friendly
Seven companies in the food/agri-processing sector have gained ISO 14001 certification for successfully implementing new environmental management systems, having participated in a nine-month programme to bring their operations to international standards...
Suriname signs on to PetroCaribe agreement
Suriname has signed on to the PetroCaribe accord, under which Venezuela sells oil to Caricom countries on concessionary terms. The agreement, inked last week in Caracas, will see Suriname paying upfront 60 per cent of the cost of the oil it buys under the facility...
RBS-led bid for ABN tops rival
A consortium led by Royal Bank of Scotland (RBS) has launched a €71.1 billion (US$95.9 billion) bid for Dutch group ABN Amro, trumping Britain's Barclays ina battle for the world's biggest bank takeover. In a long-awaited move, RBS and its partners Fortis...
India, Argentina top execs clocking longest workweek
Business leaders in India and Argentina work the longest hours, clocking up to 57 hours a week, according to a survey published yesterday, while Italians work the shortest week at 47 hours. A survey by London-based accounting firm Grant Thornton...
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