GraceKennedy creating $2b distribution hub
GraceKennedy Limited, the big Jamaican conglomerate, is constructing a J$2-billion facility off the Spanish Town bypass in St Catherine that will bring a large segment of its food distribution and cold storage into a single complex, senior officials confirmed...
Sandals, C&WJamaica ink $500m deal
Cable and Wireless Jamaica (C&WJ) has secured a three-year contract with Butch Stewart's Sandals Resort International (SRI) as primary provider of data transport and mobile services to the hotel group. The new arrangement covers Sandals 17 properties spread throughout...
CL Financial creates holding company for Lascelles shares
Lawrence Duprey's CL Financial Group has created a special purpose vehicle as holding company for its new acquisition Lascelles deMercado, bought through its spirits subsidiary Angostura Limited. CL Spirits Limited, which is 100 per cent owned by CL Financial...
JPS, Petrojam to build $21b petcoke plant
Jamaica Public Service Company (JPS) and state-owned oil refinery Petrojam and its parent company, the Petroleum Corporation of Jamaica (PCJ) have signed off on a deal to construct a new US$300 million (J$21.6 billion) petcoke co-generation power plant in Kingston...
Caribbean sugar production falters - Volumes, exports down in current year
Caribbean sugar factories have produced and exported less sugar so far this crop year than the prior season, a portion of which is due to Trinidad and Tobago's total exit from the market. The Sugar Association of the Caribbean (SAC) said in its May report on production...
Region to fight erosion of trade preferences
As World Trade Organization (WTO) talks began in Geneva on Monday, the Caribbean made it clear that it would not throw open its doors to free trade simply for the sake of liberalisation. Director General of the Caribbean Regional Negotiating Machinery...
America Movil shares fall
Shares of heavyweight America Movil fell on Tuesday, dragging down the Mexican stock market, as billionaire Carlos Slim's company failed to meet high profit expectations in the second quarter. By midmorning Tuesday, shares for Latin America's largest mobile phone service...
Airline losses climb, thousands of jobs to go
The losses keep piling up for airlines, as three of the nation's biggest carriers on Tuesday said high fuel costs overwhelmed higher revenue in the quarter that ended June 30. UAL Corp's United Airlines posted the biggest loss of US$2.73 billion or US$21.74 per share...
Good manners at work
Just think about it; from where you sit in your new job, every employee around you also had a 'first-day-on-the-job'. The first-day jitters can last a little while depending on just how friendly and helpful your co-workers are, and more importantly, how well you prepared you are...
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