US$24m citrus rescue plan
Jamaica's Citrus Growers Association (CGA), a co-operative of farmers, has a billion dollar plan to boost fruit production, but says its implementation is contingent on government's largesse. "Our proposal for the resuscitation and replanting was about US$23 million...
Investors grab $12.7b of new VR bond
The Finance Ministry in its first foray into the local capital markets for this fiscal year has raised $12.7 billion from investors on a variable rate bond, which it will redeem in 10 years. Governments VR bonds have been more heavily subscribed over the past year...
NCB reports 32% profit in 2Q
The National Commercial Bank Group is reporting a 32 per cent year over year increase in its net profit for its second quarter mainly as result of the growth in the bank's income from its non-core operations. For the quarter ending March 31, NCB's net profit surged to $1.6 billion...
Isaacs-Green taking on 'agri-tourism' market - New plans for Jamrock
Patricia Isaacs-Greene, the owner of the Green Produce Farm, has a three-year plan to expand the Claremont operation, and branch out into new supply markets in the hospitality sector. Green Produce already supplies spice and beverage companies, but Isaacs-Green sees untapped potential....
Jamaica to partner with NZ on business development
Jamaica is to forge closer commercial ties with the world's most friendly country for investors and second for doing business by entering a pact with Business New Zealand (BNZ), an advocacy group for enterprise and business development.
UK firm to cruise Falmouth's harbour
The Port Authority of Jamaica has selected Mott MacDonald, a global engineering and design consultancy, to conduct a feasibility study on Falmouth, to test the coastal town's suitability as a cruise port. The US$248,150 (J$16.3 million) contract has hurdled National Contracts...
Central American, Carib nations to explore trade deal
Caribbean and Central American leaders will explore a possible trade agreement during talks next month in Belize, the 15-member Caricom bloc said Wednesday.Heads of state from the two regions, which announced their intention to negotiate a trade deal last month...
Financial prudence and equity: NHT and tourism gratuities
Budget time came and is about to go. Customary discourse on proportions to social services, capital, election spending, etc., is now dutifully completed. Yet for me, two stories on the same day - Gleaner, April 13 - disclose an issue of much greater consequence...
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