FCIBJ to float $1.5b bond
FirstCaribbean International Bank (Jamaica) (FCIBJ) is to approach the local capital markets next week to raise $1.5 billion via a variable bond issue, Wednesday Business has learned from a reliable source. It is understood that FCIBJ will use the funds to expand its growing loan....
E-school to be pioneered in Jamaica as hook for investors
The American International School of Kingston (AISK) has advanced plans to establish what chairman Peter Melhado says will be the first e-school in the Caribbean. Melhado is selling the school as a hook for investment, saying foreign investors would feel more secure...
Caricom wants 'special provisions' for sugar, bananas
Regional negotiator Ambassador Richard Bernal said Tuesday that the exclusion of bananas from a European Union propsoal to cut duties from products it buys from the African Caribbean and Pacific (ACP) region is to be raised at a meeting of trade ministers in Kingston....
Alcoa Q1 profit beats estimate
Aluminium producer Alcoa Inc said Tuesday its first-quarter profit rose nearly nine per cent as favourable metal prices and strong sales boosted results. The Pittsburgh-based company, which co-owns the Jamalco refinery with the government of Jamaica...
Red Stripe, eight other Diageo brands cop impact award
Red Stripe beer, brewed in Jamaica, has copped a Hot Brand award from Impact Databank.The local beer was one of nine Diageo brands to win the award, said a company release issued out of the United Kingdom. "Diageo is the only company to be recognised for its brand...
Chavez warns Venezuela could seize private hospitals
President Hugo Chavez warned that his government could take over private hospitals if they continue raising prices for care. Chvez made the remark during a speech at the presidential palace, saying if private hospitals "keep speculating, increasing prices, they will have to be regulated....
Mirant exploring sale, merger
Mirant Corp said on Monday it was considering a possible sale and other moves to boost the power provider's value for shareholders. The Atlanta-based energy company is currently selling its business in the Philippines, six United States natural gas-fired...
US files two complaints against China at WTO
The United States (U.S.) filed two new complaints against China at the World Trade Organisation (WTO) yesterday over copyright policy and restrictions on the sale of American movies, music and books, trade officials said. The move at the WTO comes a day...
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