Jamaica Gleaner Business
Published: Monday Friday | September 4, 2009
Cement battle, Round 2
The Tank-Weld Group has said it will "vigorously resist" an official complaint by Caribbean Cement Company which implies it is trading in dumped cement, while jibing the cement maker for cash flow problems that delayed the payment of salaries in August. Read More...
$480m exposure for KES homebuyers - But banks have first call on assets
But banks have first call on assetsHouse hunters who put down deposits on real estate being developed by KES Development Limited are the most exposed now that the company has failed, official documents show. KES, according to papers filed with the Companies ... Read More...
August Treasuries shed two points
The August Treasury bill auction by the central bank returned anaemic results, marked by low investor interest.Of the $800 million on offer, applications amounted to $550 million.The bids on the benchmark six-month bond yielded 18.21 per cent, down more... Read More...
GraceKennedy grows Hi-Lo as Super Plus shrinks - Acquires two stores from the Chens
Dionne Rose, Business ReporterHi-Lo Food Stores, the retail subsidiary of conglomerate GraceKennedy, is in expansion mode having acquired two supermarket operations from the Wayne Chen-led Super Plus."It was done in the... Read More...
Digicel to offer mini laptops with 4G service next year
Digicel Jamaica, when it rolls out its new 4G WiMAX service by mid-2010, will be offering netbooks to broadband customers at what the company insists will be a competitive price to rival the service offered by those who deploy 3G... Read More...
Digicel says cross-rate deal a 'drastic' play for market share
A deal struck between LIME Jamaica and Claro Jamaica on reduced cross-network rates was up for mention at a technical meeting of the Fair Trading Commission (FTC) yesterday morning, a day after Digicel began floating the idea that the agreement between... Read More...
Commentary - Sharing the burden of adjustment
The Gleaner reported last week that Prime Minister Bruce Golding and Finance Minister Audley Shaw have gone on the offensive in the wake of strident demands from some public-sector groups still upset over the Government's decision ... Read More...
Stanford back in jail with leg aneurysm
A lawyer for Texas billionaire R. Allen Stanford says his client is back in jail after medical tests detected a non-life-threatening aneurysm in his leg.
Attorney Dick DeGuerin says doctors at Conroe Regional Medical Center said the condition... Read More...
Belgians in search of more Jamaican business, partnerships
In preparation for a full Belgian trade mission due in Jamaica at year end, an advance team from the Wallonia Foreign Trade and Investment Agency (AWEX) in Belgium arrived this week to scout out possibilities for partnership and investment.... Read More...
Movements
Zachary leaves Freeport board - Zachary Harding has resigned from the Montego Freeport Limited's board, effective August 28.He was named to the board less than a year ago, in November 2008, when he was deputy tourism director at the Jamaica Tourist Board,... Read More...
