Clash of the titans - Digicel sues C&W Phone company vows 'vigorous' fight
Digicel Group, a fast-growing mobile company owned by Denis O'Brien of Ireland, has filed suit against its main rival in the Caribbean, saying Cable & Wireless Plc had illegally employed tactics to delay its entry into seven regional markets, and claiming unspecified damages....
Fong-Wright resigns as Private Sector Organisation of Jamaica (PSOJ) chief executive - Sandra Glasgow's appointment as PSOJ chief executive takes effect September 3
Lola Fong-Wright has re-signed as chief executive of the , after three years in the job, but she is to be replaced almost immediately by Sandra Glasgow whose background has been largely in the field of education. Fong Wright who was appointed to the PSOJ ...
Cash Plus distances itself from SwissCash - Denies investing funds with the Internet-based company
Saying it was in no way engaged in foreign currency trading, Cash Plus Limited this week denied any links to SwissCash, an international investment company which promises returns of 25 per cent on investments. Cash Plus Vice President of Operations, Christopher Goulbourne...
Guardsman builds fleet to 75 armoured trucks - Business booming for security company
Guardsman Armoured Limited, a subsidiary of the Caribbean's largest security service provider, has expanded its fleet of armoured trucks to 75, having acquired 16 new vehicles this year. The new acqusitions represent an investment of at least US$1.2 million...
Corn-fed ethanol production takes food prices higher
Jamaica buys some 300,000 tonnes of corn on the world market annually for the manufacture of animal feed, sector companies say, but almost daily the price for the commodity climbs higher as competing demand from ethanol producers scoop up supplies.
Air Jamaica, Exotic Farm look to charters to lift fresh produce - But UK company unhappy, seeking alternatives
Exotic Farm Produce Limited, a United Kingdom- based fresh produce importer and distributor, is considering a relocation of its distribution hub and has entered into negotiations with another country airport, saying it was exploring the least costly option for getting its products...
Petrotrin raises US$750m - Funds to finance upgrade offive refineries
Trinidad and Tobago's state-owned integrated energy company, Petro-trin, has successfully raised US$750 million from a bond offering to fund its Gasolene Optimisation Project (GOP). The project includes the construction of five new plants, which are already well-advanced....
Delta posts US$1.77b profit in second quarter
Delta AirLINES, the third-largest American carrier, cited a 5.5 per cent gain in sales as it reported Wednesday that it swung to a profit in the second quarter, which saw it emerge from bankruptcy after shaving billions of dollars in costs. The Atlanta-based company's results...
Court gives all-clear for Caribbean Star takeover talks
The Industrial Court in St.John, Antigua has reversed its earlier ruling, and has now paved the way for cash-strapped LIAT to resume negotiations regarding the sale of the regional airline, Caribbean Star. The court on Wednesday, agreed to reverse an earlier decision handed...
Jamaica Urban Transit Company (JUTC) $12 million hub for Portmore
The Jamaica Urban Transit Company (JUTC) says it will be building a short term park and ride bus park in Portmore at a cost of $12 million commencing August.The park which will be constructed on 15,232.77 square metres or 3.76 acres of land acquired...
COMMENTARY - UWI: Surviving fit by evolution
My Editor has promised to indulge me, if I give prior notice, and if I feel an issue is important enough, by allowing me a longer column. Usually I don't seek her indulgence. Why? Opportunity cost of Financial Gleaner, print media 'real estate' is expensive - the negative...
Leveraging new Internet -What's all the hype about Web 2.0, and why should you care?
Many of Jamaica's leading industries will be impacted by the ability of companies to innovate and create new business models via the internet.For Caribbean businesses, the implications are enormous - the web will offer new avenues for marketing and revenue generation...
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