Jamaica Gleaner News- Business - Friday

Denis O'Brien has 9 more markets to conquer

In one week, Digicel Group with all the fanfare that has become part of the company's operating signature, has officially launched operations in three regional markets where its spend has topped US$800 million. It sounds like a hectic schedule for the company's business ...

Broilers to triple capacity at cogeneration plant

Jamaica Broilers Group has a plan to triple capacity at its power co-generation plant in St Catherine, with targeted investment of US$4 million to US$5 million (J$312 million to J390 million). But Chief Executive Officer Robert Levy says the addition...

We're immune, says Woolworth Jamaica

Department store Woolworth Jamaica has said it is immune from any fall out from the operation in the United Kingdom, now on the verge on bankruptcy and seeking buyers."We are not connected in any way," said Peter Tuckey, managing director and principal...

Lascelles rakes in $3 billion profit

Lascelles deMercado and Company, which deals predominantly in wines and spirits, made $3 billion of net profit in the year just ended, September 30, on strong performance in most business segments. But the William McConnell-led conglomerate...

Scotia DBG joins billion-dollar profit club

Scotia DBG Investment Limited (SDBG) has, for the first time, recorded net profit above one billion dollars, a performance chief executive officer Anya Schnoor has credited to growth in funds under management and growth by acquisition...

Commentary - Striking terror at the financial heart of prosperity

ONE THING could push the financial meltdown off international headlines - a big terrorist attack. And it did. Last week from Mumbai. The 9/11 Commission questioned United States (US) Secretary of State Condoleezza Rice about the claim: 'Bin Laden Determined...

Letters - Air Jamaica price support

THE EDITOR, Sir: THE ECONOMIES of scale and efficiencies support your assertion of 'price support agreements with other carriers' if Jamaican stakeholders are not prepared to ante up the multimillion-dollar annual subsidy...

Manning opts for big spending cuts as tool against recession - Businesses, rivals take swipes at his economic judgment

Trinidad and Tobago's announced budget cuts have been heavily criticised by Patrick Manning's political rivals and businesses who say the basis of the adjustments have not been fully ventilated and defended. Manning at the top of the week said he expected a shortfall ...

Fitch downgrades Jamaica's CAP - As alumina company's debts climb

Clarendon Alumina Production Limited, which is servicing a US$200 million eurobond due to mature in 13 years, has been downgraded by Fitch Ratings agency. CAP, now 23 years in operation, is a partner with Alcoa in the Jamalco refinery in Clarendon....