BNS Jamaica remodels
Restricted by banking regulations, which limit the investments of commercial banks in a single entity, Scotiabank announced on Monday that it plans to reshape its business model by establishing and listing a new holding company...
Harmonisation taking security precautions for 2,200-acre property
Harmonisation Limited has invited bids from security companies to safeguard the 2,200-acre property on which the US$2 billion luxury resort, Harmony Cove, is to be developed. The project is two years away from construction...
Biggest shareholder in Rockfort power plant to auction 42% stake
CMS Energy, the Michigan-based company, whose 42 per cent is the single largest block of shares in Jamaica Private Power Company (JPPC), has put up its stake for sale, the company has reported.
HEART selects new boss
Chief Technical Director of the HEART Trust National Training Agency, Donald Foster is to become the new executive director of that organisation, taking over from the present head Robert Gregory, who demits office on March 1...
Kingston room rates skyrocket for CWC
HOTELS IN Kingston have, in some cases, jacked up their room rates more than 100 per cent during the period of the Cricket World Cup - March 5 to April 28 - a Wednesday Business survey shows. However, hoteliers claim that there are no specific...
CIBC to pay US$212m for FirstCarib minority shares
CIBC WILL pay US$212 million for another 129.8 million shares offered up by minority stockholders of FirstCaribbean, following the close of the takeover bid that has now boosted its ownership in the regional commercial bank...
Wray & Nephew lands Absolut distribution deal
J Wray & Nephew, Jamaica's premier rum distillers, said Monday it has acquired the distribution contract for Swedish vodka, Absolut, but did not reveal the specifics of the deal.
Depressed trading income clips DB&G's 3Q profits
Investment bankers Dehring Bunting and Golding (DB&G) reported a poor third quarter to December 31, with its earnings report reflecting a 17 per cent fall in profits to $204.7 million relative to $245.7 million made...
PepsiCo CEO to take on additional job of chairwoman
NEW YORK, United States (AP): PepsiCo Inc. said Monday that Chief Executive Indra K. Nooyi will assume the additional title of chairwoman of the soft drink and snack food company. As its CEO, she was already one of the highest-ranked women...
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