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Business

Seprod prospers despite poor economic conditions

CHAIRMAN OF the Seprod Group, Desmond Blades, said that although strong competition in the market forced the prices of many of its products down during the last financial year, the company saw a 32 per cent increase in its operating profit. "This is a...

Sharp rise in Island Life profits

PRESIDENT of Island Life Company, Michael Fraser, is up-beat about the future of the insurance company after posting a profit of $22.9 million in its first quarter unaudited results ending March 2001, following its $166 million profit in the audited...

US investor looks to inject $115m into IT sector

Acting Financial Editor A TEAM of US investors from the company Global Technology and Business Solutions (GTABS) International is looking to invest $115 million (US$2.5 million) in Jamaica's nascent Information Technology (IT) industry.

Bonnick concerned about potential problems in sub-sectors

CONSULTANT economist to the World Bank, Dr. Gladstone Bonnick, who in the early 1990s pointed the Jamaican Government to the imminent crisis in the financial sector and later coined the acronym FINSAC for Financial Sector Adjustment Company, has now...












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