$3b wind farm deal - Wigton hiring Danish firm to supply new turbines
Wigton Windfarm Limited, a subsidiary of the Petroleum Corporation of Jamaica, has struck a $3 billion deal with Vestas Wind Systems AS for nine wind turbines. But the finalisation and award of the contract must clear one more hurdle - Cabinet approval. Under the deal with Wigton...
Sugar divestment by July 1 - G o l d i n g
The government will begin to hand over state sugar assets to the new owners at the start of July, Prime Minister Bruce Golding has been quoted as saying.The government has been negotiating with sole bidder, Inifinty Bio-Energy of Brazil, since January...
Petrojam share sold at fair price - No sweetheart deals for Venezuelans, says Christie
The US$63 million which the Venezuelan national oil company, PDVSA, paid for a 49 per cent of Jamaica's Petrojam oil refinery was more than the Government was willing to accept for the entire facility in the mid-1990s attempted management buy-out of the plant...
Sagicor group lists on Jamaica Stock Exchange (JSE)
Sagicor Financial Corporation (SFC), one of the region's oldest insurance companies, yesterday crosslisted on the Jamaica Stock Exchange at a price of $244.11, joining its local subsidiaries Sagicor Life Jamaica and Pan Caribbean as a publicly traded company in this market...
Digicel to go after Costa Rican market - Subscriber base now tops 6.5 million
Digicel Group has set its sights on Costa Rica, a market that telecommunications watchers say is ripe for exploration by big players, following passage of new legislation that paves the way for competition in mobile services. Signals Telecom...
The team behind the new PanCaribbeanBank
PanCaribbeanBank Limited, Jamaica's seventh and smallest commercial bank, by assets, has named three branch managers to oversee its five-branch commercial banking network, and has kept the institution's old board intact. The new bank, a subsidiary of Pan...
Fitch gives RBTT higher grade
Royal Bank of Canada's acquisition of RBTT Financial Holdings has given the regional company a boost in rankings from Fitch. The new RBC Financial (Caribbean) Limited's individual default rating has been upgraded to 'A+' from 'BBB-', reflecting, said...
Gov't to absorb $86b Air Jamaica debt
Prime Minister Bruce Golding has warned that the government will have to embrace Air Jamaica's more than US$1 billion debt if it finds a buyer for the troubled carrier.Jamaica hopes to rid itself of the loss-maker by March 2009, which, at last report...
Innovation - the key to success
Innovation is the cornerstone of opportunity for corporations. With technological advances and a global economy, companies must be more innovative and flexible than ever if they are to thrive. Fear of change within the corporate culture is the greatest obstacle to innovation...
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