Jamaica Gleaner Business
Published: Monday Wednesday | January 28, 2009
Big WIHCON project in the works - 1,000-unit residential complex in Old Harbour - Another development for Mona
West Indies Home Contractors (WIHCON), which has been responsible for some of Jamaica's biggest real housing projects, is planning a 1,000-home development on the outskirts of Old Harbour. Assuming the plans pass the scrutiny of planners and regulators...
CMK bottlers markets new alcoholic beverage
Packaging company CMK Bottling, in operation now for about two years, is trying for a foothold in the alcoholic-beverage market with the introduction of its first product, Lymelite, a drink made from a blend of lime juice and rum...
PAJ to resume operational control of port - APM's contract ends this week
The Port of Authority of Jamaica (PAJ)will resume day-to-day operation of the Kingston's container port next month when the seven-year management contract with Danish firm, APM Terminal ends. But the PAJ has not ruled out outsourcing of the operations again in the future...
Jockey plant on the market for US$5.6m - No takers for Lucea factory space
Jockey International has put its Sandy Bay plant on the market for US$5.6 million, or about US$63.90 per square foot, but Coldwell Bankers which is handling that sale declined comment on whether there are similar plans for the garment company's other...
ICWI winds up Carib equity fund - Falls short of 10-year target
The Caribbean Investment Fund (CIF) has cashed in its shares and given its investors a US$20.2 million payday, having achieved less than half of its investment target.The CIF initially was agreed on in 1993 by Caricom governments to pump...
Board probing illicit coffee on the market
The Coffee Industry Board (CIB) says it has detected some $300,000 of illicit coffee on the market in recent weeks, being retailed without the required permit."We have found at least two companies importing coffee without the requisite permit," said...
Jamaica exploring sale of Jamalco stake
Prime Minister Bruce Golding said Tuesday that Jamaica might sell its remaining 45 per cent interest in the Jamalco refinery in May Pen, saying the preliminary hunt for a buyer had begun.The talks, he said, are at an exploratory stage only, suggesting...
Economic woes shelve investment projects
Guyana's prime minister says the economic crisis is forcing two international companies to rethink billion-dollar investment projects in the South American country.Samuel Hinds says the Chinese Bosai Minerals...
Bahamas hotels layoffs
A big Bahamas resort says it has laid off nearly a fifth of its employees as the world economic crisis slashes tourism across the Caribbean. A statement from the Westin and Sheraton Grand Bahama Our Lucaya Resort says 181 employees, or about 18 per cent...
Russian consortium to help Cuba prospect for oil
Leading Russian oil companies pledged to help Cubapetroleo with pros-pecting, production, refining and other aspects of the oil industry under an agreement signed in Moscow on Friday before Cuban President Raul Castro's visit this week, Russian news...
