Caricom mulls bilateral pact with US
The 15-member Caribbean Community (Caricom) is considering approaching the United States for a bilateral trade pact, but it is months before the Community decides on whether it will go ahead, according to top trade negotiator...
Red Stripe bottom line pinched by 270% increase in tax charges
A four per cent increase in sales volume for Red Stripe, driven by a positive turnaround in domestic sales, was not enough to absorb the 270 per cent increase in tax charges faced by the local brewer for the three months...
LOJ posts strong 3Q premium income
Market leader Life of Jamaica (LOJ) has posted strong third quarter results of $722 million, or 50 per cent growth in net profits relative to the 2005 quarter, equivalent to 16 cents per share attributable to shareholders.
APM imposes penalty for breach of port appointment system
Port manager APM Terminals Jamaica Limited says four of every 10 clients with appointments fail to meet their scheduled pick up times for cargo, causing disruptions in port logistics at the busy Kingston wharves.
Pan Carib's third-quarter profits up, nine-month performance flat
Pan Caribbean's net income grew 22 per cent to $271 million for its September 30 quarter over the comparable quarter a year ago, giving earnings per share of 50 cents. Despite a very competitive environment with the industry experiencing shrinking...
Carreras 2Q profit, earnings per share decline
Carreras Limited's profits dropped dramatically to $577 million in the last quarter to September 30, relative to the $985 million it netted in the comparative 2005 period, slicing earnings to stockholders to $1.19 per share...
Montego Freeport back in black
Montego Freeport Limited (MFL), a state-owned company, has posted six-month profit of $4 million to September 30 despite a $14 million operating loss, earning shareholders a less than one cent return.
Germany seizes 1m knock-off Nikes ... In world's largest counterfeit haul
HAMBURG, Germany (AP): German customs officers have seized what they said could be the world's largest haul of counterfeit goods, including nearly one million pairs of knock-off Nike sneakers. The customs department in the northern port of Hamburg...
Shell-led natural gas project could face US$15b fine
MOSCOW, Russia (AP): A top environmental regulator suggested yesterday that Russia could seek up to US$15 billion for environmental damages and other losses it blames on a Shell-led consortium involved in a liquefied natural gas project..
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