Ansa McAl makes hostile bid for Barbados Shipping - Neal & Massy merger uncertain
Barbados Shipping and Trading Company (BS&T) was expected to decide today in Bridgetown on a proposed merger with Neal and Massy Holdings Limited, but may be forced to delay what was expected to be an endorsement of the deal following a hostile bid...
Lee Chin sells Berkshire-TWC
Billionaire investor Michael Lee Chin has sold his wealth planning firm, Berkshire-TWC Financial Group to Manulife Financial Corp, a deal that instantly doubles the latter's presence in the Canadian market. The 20-year-old Berkshire-TWC comprises companies Berkshire Securities...
Island Motors quits vehiclesale business - New company takes over Peugeot dealership
Island Motors Limited, the local dealers of the Peugeot and Ssangyong brands of motor vehicle is closing down its operations at the end of this week, and is handing over the dealership to a newly formed company called Progressive Motors 2007 Limited....
Digicel dealer network expands to 1,343 - Jamaica has 193
Digicel Group said Monday its regional network of stores and dealerships had grown to 1,343, the newest of which would have been established in three nascent markets - Haiti, El Salvador and Guyana. In Haiti, Digicel now has 301 dealer stores serving 1.4...
Petrojam's new ethanol plant to cost US$20m - Looks to local sugar sector for feedstock
Petrojam said yesterday the 60-million gallon ethanol plant announced last year will take US$18 million to US$20 million to build, but refinery manager Winston Watson said the search for a location continues. Watson told Wednesday Business that, notwithstanding Petrojam's acquisition...
Loss-making aerodromes an $80m drain on Airports Authority of Jamaica (AAJ) - Private investors, partners sought
THE AIRPORTS Authority of Jamaica (AAJ) will not give in to pressure from business interests to upgrade the island's domestic airports, according to chairman, Dennis Morrison, who says the capital expenditure could not be justified ...
H&L to roll out US$1.4m inventory system by November
Hardware and Lumber Limited, which trades as Rapid True Value, says its new US$1.4 million computerised platform to track inventory an customer needs with products on the shelves should come on stream fully in five months...
Barbados turns to China as market for branded sugar - Seeks R&D assistance on new cane varieties
Barbados has initiated discussions with China for assistance on research aimed at developing new varieties of cane that are more suited as feedstock for ethanol production, and for its speciality sugar products. Since last year, Barbados has been selling branded sugars...
Rice lawsuit threat
Guyanese rice producers are threatening legal action against two Caribbean island neighbours that buy subsidised rice from other regions without levying import taxes, an agriculture official said Friday. Montserrat, a British Caribbean territory...
Conoco, Exxon reject oil pact
ConocoPhillips will not sign an agreement with Venezuelan President Hugo Chávez for minority stakes in state-run joint ventures to keep pumping heavy crude oil, a company official familiar with the negotiations said yesterday.
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