Broilers gives up on fish export - Expects to profit from decision
Jamaica Broilers Group has shut down its export fish operation, effective July 1, a decision forced on the company by a resistant market that would not pay more for its fresh fillet, leaving the company to suck up higher production costs as raw material and fuel prices escalate...
Jamaica Broilers to double ethanol plant
Jamaica Broilers on Wednesday decided to proceed with the expansion of its ethanol business, and will pump US$15 million (J$1.1 billion) of new capital into expanding the plant at Port Esquivel. The project will double capacity from 60 million gallons of wet ethanol ...
AIC increases stake in CVM
Michael Lee Chin's AIC Limited has acquired additional stake in CVM, growing the Canadian-based company's share well beyond the initial 51 per cent acquired two years ago, informed sources say.The Financial Gleaner was unable to confirm, however, that Lee Chin's mutual...
FirstCaribbean bank indicted under money laundering law
A court hearing in which FirstCaribbean International Bank (FCIB) in Belize is facing more than 100 charges has been set for September 4 by that country's Chief Magistrate Margaret McKenzie. The bank has been indicted on allegations of failing to report...
Ripping off consumers - Revenue judge wants fair trade law revamped
Victims of misleading advertisements cannot be compensated by the court because the Fair Competition Act does not give the court the power to do so. This shortcoming has resulted in Revenue Court Judge Roy Anderson making a special call this month for the Act to be amended...
Shareholders chide board for C&WJ losses
Shareholders attending Cable and Wireless Jamaica's 21st annual general meeting (AGM) stopped short of blaming the board of directors and management team for not intervening sooner to stem losses at the firm. The company in a year accumulated $2 billion of losses...
Conference on cuba - Jamaica, Cuba to sign tourism MOU
Jamaica stands ready to assist Cuba, as a relative newcomer to Caribbean tourism, grow its hospitality business, Edmund Bartlett said Tuesday, announcing that the offer was to be formalised under an agreement with the Spanish-speaking nation. A memorandum of understanding...
Banana issue threatening to split WTO
Jamaican lawmakers have signalled that the African Caribbean and Pacific grouping is prepared to fight a decision by the European Union to cave on bananas, saying too many vulnerable economies are invested in the trade. The The EU, under pressure from Ecuador...
New Palace gaming lounge for Mandeville - Fletcher's transfers under new name
Fletcher's, a gaming lounge once located at Upper Waterloo Road in Kingston, has transferred its operation to Mandeville, and is now trading as Palace. The company says the location was chosen based on its high disposable income...
The need to know: Exploring Olint and Air Jamaica
Two stories cry out for reporting by the business press. They may be told differently from diverse angles. One, happenings at Olint, requires skill, experience and access of a seasoned investigative reporter. That story is the more difficult to tell because sub judice rules ...
Legal Commentary - Unfair trade practices and the EPA
The concern that cheaper imported products will flood the local economy hence depressing prices and capturing market share is a legitimate one for a manufacturer in any country where the government proposes to enter into reciprocal trade agreements...
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