Sugar divestment by June 2008 - Sugar Company of Jamaica (SCJ) losses to rise to $18b
The Government has set June 2008 as the deadline for completing the privatisation of its sugar assets, held by the Sugar Company of Jamaica. Prime Minister Bruce Golding told the House of Representatives yesterday that Cabinet will make a decision on the divestment...
Seprod forms new biscuit subsidiary - Kraft assets a US$4m acquisition
Local manufacturing company, Seprod Limited, has created a new subsidiary called International Biscuits Limited (IBL) for the assets acquired from Kraft Foods Jamaica in August. International Biscuits has already begun production of Butterkist ...
FSC probing Broilers September share trades
The Financial Services Commission (FSC) said Monday it was still investigating the case involving Jamaica Broilers, making it "improper to speak" on the circumstances of the trades made by seniors managers days before the company reported expected...
Shaw confirms $15b overspending - Signals revised deficit target of 5% of GDP
Finance Minister Audley Shaw yesterday confirmed unreported government spen-ding of $15.4 billion, which, by Wednesday Business estimates, effectively pushes the true budget deficit to $38 billion as at August. The official figures show a deficit of $22.7 billion....
Jamaica Livestock Association Limited (JLA) to build chain of super stores - Investing $50m in Sav store
The Jamaica Livestock Association Limited (JLA) is investing $50 million to diversify its product offerings at its Savanna-la-Mar, Westmoreland store, saying it would be modelled off the operation at Linstead. The JLA has a wider plan to transform its retail operations....
Alcar to construct $160m transport centre in downtown Kingston
The Urban Development Corporation (UDC) is to oversee construction of a $161 million 'Urban Transport Centre, to be developed at Water Lane, Kingston, starting this month. The new centre will replace the existing bus park currently located in the Parade area...
Balancing the Portfolio
Overview - The banking industry to date has been growing and changing immensely over the last decade or more. There is a much more level-headed approach in assessing and balancing risks and returns. As the economy continues to improve it will stimulate growth....
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