Hit by costly raw materials - GK Foods 'scours' the world for supplies
Leading food manufacturer and distributor, GK Foods, a division of GraceKennedy Limited, is scoping out new suppliers of raw materials in a fight to rein in operational costs, to keep shelf prices down and put profits back on track. For the past six months...
C&WJ loses $4b - Parent profit dips
Telecommunications company Cable & Wireless Plc said it was considering a demerger of its business units after it posted a 5.7 per cent drop in full year net profit Thursday. The Jamaican company also released results to the Jamaica Stock Exchange that were below expectations...
Johnson returns to insurance - Today's Money recruiting replacement
Today's Money Limited, a 10-year-old company in the business of providing financial and business information to institutions and individuals, is now on the hunt for a new managing director.Orville Johnson, a shareholder who ran the company, in a return to his insurance...
Pension sector revalued at $150b - LOJ controls $51b Incomplete applications delay licensing of 537 funds, says FSC
The Financial Services Commission, regulator of the pension fund industry, has revised the sector's value at $150 billion, based on the applications from 537 superannuation funds and retirement schemes seeking registration. But the regulator ...
St Mary businessman in search of rice partners - Offering technical support for equity
Dudley Beek, who for more than a decade operated on the periphery of Jamaica's now dormant rice growing sector, is offering to sell his expertise to investors who plan to revive domestic production, but wants a piece of their operation in return...
Trinidad trails Jamaica on financial legislation - New bill to monitor cross-border companies, conglomerates
Trinidad and Tobago is lagging behind regional neighbours Jamaica and Barbados in its financial reforms, , placing it at a disadvantage in its march toward the creation of an international financial centre (IFC) in Port-of-Spain...
Peterkin launching out into business - Departs Sandals in three months
Following a 23-year run with Sandals Resorts International, Horace Peterkin is launching his own business, Hospitality Services Limited - a consultancy targeted mainly at small hotel properties, offering training, operational evaluation and restructuring, as well as advising...
Dual citizenship, Jamaican democracy and avoidance of consequence
My lawyer friend says: "If we can leave cheap parochial politics out of major decision making processes, we might come up with a worthwhile result. When the American constitution came into being, the excesses of George III were very much in mind, and a good effort ...
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