Early close on Lascelles deal - Angostura to pay off shareholders July 28 - Wants to take advantage of synergy
Angostura will pay off early the former shareholders of Jamaica's Lascelles deMercado Group it acquired in Jamaica, a move which the Trinidad-headquartered drinks company says will give it an early start in taking advantage of the synergies offered by the acquisition....
BOJ hikes interest rates a third time - Move to tackle inflation, strengthen dollar
The Bank of Jamaica yesterday jacked up interest rates by half a percentage on benchmark instruments, a move which it said was aimed at taming the inflationary pressures that have squeezed the economy since the start of the year...
Refinery upgrade cost hits $52b
Petrojam Limited, likely Jamaica's most lucrative company and operator of its sole refinery, last year grossed $89.8 billion (US$1.26 billion), and is set to top that record by two billion dollars as world oil prices climb and the company presses ahead...
Citrus growers to expand Juiciful line - But contingent on funding
Jamaica Citrus Growers (JCG), owners of the Juiciful brand, is to introduce two new juice lines in two months, but says the plan is contingent on funding.The cash-strapped operation is seeking $70 million of fresh capital to boost its business...
Obama's promise of debt relief a $29b opportunity for Jamaica
Democratic presidential candidate, Senator Barack Obama, is promising 100 per cent debt relief for the Caribbean if he becomes the next leader of the United States.That would translate for Jamaica into a $29 billion write-off in central government debt...
Hotel company Ackendown to be managed by Sagicor
The management of Ackendown Newtown Development Limited, a hotel company part owned by Butch Stewart but controlled by the state, is being outsourced to Sagicor Property Management Limited, formerly LOJ Property Management Company....
Tax amnesty 100 per cent waiver ends Monday
Business persons and individuals who owe back taxes have until Monday to pay up in order to qualify for full forgiveness of interest and penalties on their arrears. The amnesty programme, which has been in effect since April 11, will continue to August...
Producers Group buys Dutch juice company
Continuing refashioning from a company known primarily for growing and distributing bananas to a serious player in Europe's specialist juice market, Jamaica Producers Group this week spent €9.2 million (J$950 million) to acquire a Dutch juice and smoothie manufacturer...
Wind, hydro
Jamaica's efforts to pull in private capital for the development of renewable energy systems to replace as much as 15 per cent of the country's energy needs have so far failed to excite investors. Two offers, one to divest the Wigton Wind Farm and the other to develop...
Exposing Air Jamaica's loss to scrutiny
"In the case of Air Jamaica, from its very inception, the notion of externalities was central. It was seen as a means to improve the tourist industry, to provide employment opportunities in a highly skilled area for Jamaicans and, of course, it was seen as an instrument of national....
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