Carreras sells holdings in Lascelles
Carreras Limited has offloaded its investments in local conglomerate, Lascelles deMercado, with the sale of some 740,000 shares, as the company presses ahead on plans to narrow its focus to core business. A Financial source indicated that the trade, which took place on Tuesday...
$88 billion wage bill - Increase twice inflation
Government has provided for a $10 billion or 13 per cent increase in wages in the current budget, a recurrent expense that is second only to interest payments on the public debt, according to Financial Gleaner calculations...
Jamaica Producers Group seeks 'ethical' banana producer title
Jamaica Producers (JP) is hunting the title of 'ethical' producers of bananas, by seeking Fair Trading Certification in the UK, which is the new rave among banana consumers, says group divisional director and CEO-in-waiting Jeffery Hall....
Three-month dip in GDP
The Jamaican economy declined 0.7 per cent in the October-December period, relative to the third quarter, but grew 2.6 per cent when compared year-on-year, the state agency for economic data collection reported Tuesday. Nominally, GDP for calendar 2006 was $246.8 billion...
Guyana threatens legal action over rice trade
Guyana is threatening legal action against its Caricom member states which routinely breach a five year pact on production, export and import of the commodity.Senior rice officials in Georgetown, including chairman of the Caribbean Rice Association...
The Spanish are coming ... again - 20 firms to explore investments in May
Spain's confederation of companies last week explored investment potential in Jamaica, beyond tourism, out of which a 20-member trade mission of potential investors in energy, construction technology, and air charters, among other sectors...
Jamaica top sugar producer in January - But exports at zero
Jamaica has emerged top sugar producer in the Caribbean in the month of January, but got to pole position only because the Guyana crop is winding down.With all the factories having started milling, Jamaica produced 25,296 tonnes of sugar ...
Reparations, they won't go away
Why am I not at all surprised? Jamaicans are tremendously animated by injustice and un-freedom - recall their responses to 1960s U.K. racial discrimination and 'skinhead' aggression. They saved the day for West Indians as opposed to behaviours pejoratively dubbed 'Paki-Bashing'...
Alutrint smelter plant gets greenlight
Trinidad's Environmental Management Authority (EMA) has given clearance to Alutrint for construction of a smelter plant at the Union Industrial Estate in la Brea.EMA managing director Dr.Dave McIntosh told a news conference late Monday that a Certificate of Environmental...
S&P downgrades Grenada
Standard & Poor's on Tuesday lowered its long-term foreign and local currency sovereign credit ratings on Grenada to 'CCC+' from 'B-', citing concerns about priorities linked to debt repayment.The global rating agency said there were signs of increasing fiscal pressures...
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