Jamaica Business News

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Updated: 22 min 43 sec ago

Mystic Mountain boss to set up rehab in Blue Mountains in medical tourism venture

20 hours 58 min ago
Jamaica could soon have its own luxury drug and alcohol rehabilitation centre in the Blue Mountain...

Red Stripe looking to double localbeer consumption in three years

20 hours 58 min ago
Local brewery Red Stripe Jamaica is looking to double local beer consumption by 2019.Managing Director Ricardo Nuncio says he is convinced the goal is...

Blue Power earnings double

20 hours 58 min ago
Blue Power Group Limited grew sales from both its soap and lumber divisions, which bubbled first-quarter 2016 net profits up 101 per cent year on year.Earnings per stock unit for the...

Half Moon upgrading resort

20 hours 58 min ago
The multimillion-dollar construction of a large warehouse, energy plant, and redesigned golf course are among the latest capital projects slated for the five-star hotel.They are part of...

Jamaican economy grows 1.1% in June quarter

20 hours 58 min ago
Favourable weather and the strengthening of the global economy are among the main factors that contributed to an estimated 1.1 per cent expansion in the Jamaican economy...

Andre Burnett | Could Bolt-mania propel Usain to US billionaire status?

20 hours 58 min ago
Among all the other discussions about Usain Bolt that I've been a part of over the past month, only one in particular was divisive enough to spark a three-hour-long telegram argument.The subject...

New Mitsubishi Mirage an economical hatchback

20 hours 58 min ago
The 2017 Mitsubishi Mirage subcompact hatchback combines subtle restyling, more power, more features and gas-sipping performance in an economical package.The base, five-door Mirage hatchback comes with...

Dismal oil lease bids linked to low prices

20 hours 58 min ago
A federal official says low oil prices are the reason few companies were interested in bidding in the latest oil lease sale for the Gulf of Mexico.The regional director for the Bureau of Ocean Energy...

The hidden risk to the economy in corporate balance sheets

20 hours 58 min ago
America has a debt problem, but it's not what you think.Yes, the federal government owes trillions of dollars more than it did a few years ago. Yes, Americans are still struggling to pay off...

A peace deal, at last - Next a referendum to seal historic pact between Colombia and rebels

20 hours 58 min ago
The president of Colombia is moving fast to hold a national referendum on a peace deal meant to end a half-century of bloody conflict with leftist rebels, saying...

Pfizer on buying spree with AstraZeneca antibiotics deal

20 hours 58 min ago
Drugmaker Pfizer Inc is continuing a shopping spree with its fourth acquisition since the April collapse of its planned US$160-billion megadeal to buy rival Allergan Plc and move its headquarters...

Kenya president signs law to cap bank interest rates

20 hours 58 min ago
Kenya's president on Wednesday said he signed into law a bill that caps interest rates for bank lending and deposits, saying it is clear that Kenyans are frustrated with the "lack of sensitivity"...

Nigeria central bank bans 9 local banks from trading forex

20 hours 58 min ago
Nigeria's central bank has banned nine local banks from trading in foreign exchange, accusing them of withholding US$2.1 billion in government funds and "round-tripping" to profit from a...

Rain bolsters August wheat harvest in parts of Texas

20 hours 58 min ago
As truckload after truckload of harvested wheat makes its way from smaller grain elevators in Hereford and Canyon to larger operations in Amarillo for loading on to trains and shipment by rail,...

Apple boosts iPhone security after Mideast spyware discovery

20 hours 58 min ago
A botched attempt to break into the iPhone of an Arab activist using hitherto unknown espionage software has triggered a global upgrade of Apple's mobile operating system, researchers said...

Final phase of Rousseff trial begins in Brazil

August 25, 2016 - 12:00am
The last medals have been handed out, the athletes have all gone home and the fireworks at Rio de Janeiro's Maracana Stadium are fading into memory. Now Brazil's real drama begins.Just days after the closing ceremony of the Rio Olympics, Brazilian...

Minority C&WJ shareholders press for Liberty buyout

August 24, 2016 - 12:00am
A group of shareholders has reached out to the Financial Services Commission seeking to force a buyout offer from Liberty Global for their Cable...

Salada aiming for elusive $1b sales club

August 24, 2016 - 12:00am
In the wake of the surprise resignation of its latest general manager, whose exit becomes official this month end, coffee processor Salada has tapped one of the company's executives to lead the operation.Jerome Miles' tenure lasted 20 months.His...

Popeyes to roll out another eight stores

August 24, 2016 - 12:00am
Fast-food franchise Popeyes Chicken is in expansion mode with the opening of a new outlet in Portmore this month, and plans for three more stores this year alone.Brand manager Richard Dunn also indicated that there is more to come next year."Before...

Dolphin Cove weighs alternate plan for first regional park

August 24, 2016 - 12:00am
Chairman and founder of Dolphin Cove, Stafford Burrowes, says the company will likely bump up plans for expansion to St Lucia as its first regional park over the Turks and Caicos Islands (TCI) for which it has been trying for some time to obtain...