Castor beans for bio-diesel production - Enthusiasts propose mass cultivation to cut fuel cost
Biofuel enthusiasts here are proposing the mass cultivation of castor beans - a shrub that already grows in the wild across the island - for the production of bio-diesel to be used as a fuel blend in the transport sector...
Private sector leaders broadly support JLP manifesto, but need more details
The Private Sector Organisation of Jamaica (PSOJ), while broadly endorsing the plans put forward by the Jamaica Labour Party in their manifesto, nevertheless wants a more detailed plan of action."The PSOJ generally shares the broad principles outlined...
Victoria Mutual Building Society (VMBS) says competition in mortgages reaches all-time high
Victoria Mutual Building Society (VMBS) says the competition in the mortgage loan increased from both public and private sector institutions last year.In their 2006 annual report, presented to VMBS members and staff at their annual general meeting held on July26...
Air Jamaica spends millions on 'wet leasing' - Airline struggles to cope with summer traffic
The national airline, Air Jamaica, has been forced to 'wet lease' a number of aircraft to service several of its North America routes as it struggles to cope with an unusual increase in traffic this summer. "We are having a bumper summer," Air Jamaica's vice-president...
Wisynco sacks Bigga Cola as trade-off to distribute Coca-Cola drinks locally
The Wisynco Group has stopped producing the popular Bigga Cola soft drinks to concentrate on manufacturing and distributing the international brand Coca-Cola range of sodas and flavoured drinks.Director of sales at Wisynco, Hal Holness told the Financial Gleaner...
COMMENTARY - FINSAC revisited - Pt I
FINSAC, I believe, by agreement of the major political parties, was kept out of political debate in the 1997 elections. At the time it was thought too sensitive an issue for waning confidence in the economy to be the subject of partisan political debate.
Owen urges action on cross-border taxation
BRIDGETOWN, Barbados (CMC): Prime Minister Owen Arthur Wednesday called on the United Nations to use its position to help establish rules to govern cross-border taxation issues and develop schemes to assist middle-income countries...
Neal & Massy still has eyes on Bajan shippers - analyst
BARBADOS, Bridgetown (CMC): Although Neal & Massy has decided not to go ahead with its merger with Bar-bados Shipping and Trading (BS&T), an analyst here says the company has not given up on getting a firmer grasp on its current business...
Sluggish sales for US in July
NEW YORK (AP): The back-to-school shop-ping season had a disappointing start in July as Americans rattled by a weakening housing market and other financial pressures stayed away from stores and malls.As merchants reported sluggish...
Lula hit by crises, reform hopes fade
BRASILIA (Reuters): Corruption scandals and his own poor handling of Brazil's worst air disaster have raised doubts about President Luiz Inacio Lula da Silva's leadership and hit hopes for economic reforms during his second term in office. Lula remains popular...
Chinese group bids for stake in Bear Stearns
NEW YORK (Reuters): Beijing-backed CITIC Group is negotiating for a minority stake in Bear Stearns Cos.Inc., as investors worry about a sharp downturn in the United States investment bank's fixed-income and mortgage-related revenue, Forbes magazine reported yesterday.
ABN takeover talks reach executive level
UTRECHT, Netherlands (Reuters); The Royal Bank of Scotland-led consortium that wants to buy ABN AMRO entered talks with the Dutch bank at an executive level yesterday, consortium member Fortis said.RBS, together with Belgian-Dutch Fortis and Spain's...
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