Rush on for agri loans
There has been a rush of applications for loans from the Development Bank of Jamaica for the development of agricultural projects under the Government's special loan facility initiated to boost the productive sector. According to figures provided by McDonald...
Hardware & Lumber to spend $80m on information system
Hardware & Lumber, a GraceKennedy (GK) subsidiary, says it will spend just over $80 million (US$1.2 million) on a new management information system, which its boss Don Wehby expects will help to drive efficiency and squeeze more profit out of the business....
Producers Group faces a squeeze - Loses $102 million in first quarter
Having endured a difficult first quarter and projecting that the rest of 2007 will be tough, Jamaica Producers Group (JPG) says it is hunkering down to cut costs even as it seeks to enhance efficiencies and utilise spare capacity.
Seprod still suspended
Desmond Blades' Seprod Group, whose trading stock was suspended by the Jamaica Stock Exchange (JSE) on Friday, has not yet said when it will file the outstanding financials, the absence of which triggered the JSE's action. The suspension became effective on Monday...
Plant supplement to boost yields 30%
A new plant supplement, which the manufacturers are claiming increases yield by as much as 30 per cent, has entered the Jamaican market.The product, which is manufactured by Agro Nanotechnology Corporation out of the United States and distributed by NG...
Cyber fraud costing retailers millions
LONDON (Reuters): Cyber fraud is costing retailers an estimated 580 million per year - a figure which could surge almost three-fold by 2010, says a new report.Almost two thirds of online merchants have been affected by Internet fraud, losing on average...
EU agrees to open up markets to ACP partners
BRUSSELS (Reuters): European Union countries agreed on Tuesday to open up their wealthy markets fully to imports from former colonies with phased-in access for rice and sugar, but put off a decision on when to open the banana market.
Plant waste as ethanol source
SAO PAULO, Brazil (Reuters): A Brazilian company said yesterday that it has come up with a way to produce ethanol on an industrial scale from plant waste. The development could revolutionise the industry by boosting fuel output without depleting supplies of food staples...
Neal & Massy, T&T to merge with Bajan shippers
PORT-OF-SPAIN, Trinidad (CMC): The Trinidad-based conglomerate, Neal & Massy Holdings, says it will merge its operations with the Barbados-based Shipping and Trading Company (BS&T) to form one of the largest Caribbean corporations.
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