Jamaica Gleaner Business
Published: Monday Wednesday | November 18, 2009
JMMB acquires savings and loans - Expands presence in Dom Rep
Jamaica Money Market Brokers (JMMB) has acquired a 80 per cent stake share in Corporacion de Credito America S.A. (CCA) a Domini-can Republic-based savings and loans institution. The deal is subject to regulatory approval. The US$1.2-million transaction... Read More...
Digicel reports 10% growth in half-year profit
Digicel Group on Monday said it made US$364 million on operations at half-year, from revenues of US$857 million from its 24 markets in the Caribbean and El Salvador.It was, the company said, a 10 per cent improved outcome at half-year ending September... Read More...
GraceKennedy hires risk consultant to strengthen financial division - Adds new Caribbean markets for foodGrace
Kennedy Limited has retained a risk assessment and audit firm called Protiviti Inc to assess its internal systems and make recommendations for their recalibration to avoid a repeat of the US$19.9 million (J$1.8 billion) loss on trading activities ... Read More...
Trade Winds outsources Tru-Juice exports - Partners with US distributor to double foreign sales
Trade Winds Citrus Limited, makers of Tru-Juice, is taking aim at a more ambitious market in North America, with a range of juices launched last week under a new label that depicts the country's national bird to immediately define the product as Jamaican... Read More...
CIB taps Ex-Im for working capital - US$10m loss projected for coffee in 2009 - Drought squeezes quality from cherries
The Coffee Industry Board (CIB) is projecting losses in the region of US$10 million (J$890 million) due to the failure of crops and its forecast of a near one-third decline in bean production to year end, following on an extended drought in coffee country... Read More...
Cuba to buy less US food
Cuban purchases of food from the United States will fall by at least a third this year as the island slashes imports to stabilise an ever-weak economy further hammered by the global economic crisis, a top trade official said Monday... Read More...
Dominica signs deal to export drinking water
Dominica will allow an export company to ship billions of gallons of its river water to parched countries around the globe, officials said Saturday.Prime Minister Roosevelt Skerrit's Cabinet signed a deal Thursday with a Colorado company ... Read More...
How to pay for health care? Tax the rich - poll
When it comes to paying for health overhaul, Americans see just one way to go: tax the rich. That finding from a new Associated Press poll will be welcome news for House Democrats, who proposed doing just that in their sweeping remake of the United States medical system... Read More...
Changing the health-care system with a master's in public health
Throughout this recent global recession, a few industries, one of them being the health-care industry, have managed to escape the major negative effects. Pundits in the USA have forecast that the health-care industry will generate three million new wage... Read More...
