Jamaica Business News
The oldest and leading newspaper in Jamaica
Updated: 15 hours 23 min ago
Not even a month after flatly rejecting a takeover bid by two Brazilian companies, Chiquita will open its books to them.
Neville James, the father of the founder of Access Financial Services, will join the board of the microfinancing, and CEO Marcus James has nominated three others as directors in a move to reclaim control of the company's board.
Jamaica surpassed the targets for the primary surplus and the Net International Reserves (NIR) during the period April to July 2014, co-chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, said on Monday.
Local real estate experts are noting a rise in new residential construction as the local currency weakens against the United States dollar, but say there is a pass-through effect on the size of mortgages sought by prospective homebuyers.
The local beverage market has seen the addition of a bagged water product which has spread to several parishes but the local regulatory body with oversight of the processed foods industry, Bureau of Standards Jamaica (BSJ), says the activity has not been approved.
CGX Energy Inc, the Canadian oil and gas exploration company that holds three licences in the Guyana-Suriname Basin, says it has obtained an order from the Guyana court restraining Spanish-owned Repsol Exploracion SA from farming out the Kanuku petroleum prospecting licence.
Minister Noel Arscott, Minister of State Colin Fagan, Acting Permanent Secretary (PS) Dione Jennings, and Jennifer Edwards, executive director of the National Solid Waste Management Agency (NSWMA), have demonstrated little regard for accountability or the Access to Information Act.
Cars that can talk to each other and almost drive themselves at freeway speeds are just two years away from the showroom, according to General Motors executives.
Britain has for the first time waded in to BP's legal battle over payouts for the Gulf of Mexico oil spill, saying US court rulings against the energy group raise "grave international comity concerns".
Sales of bonds backed by riskier US corporate loans have surged to their highest level in seven years, helping to fuel a leveraged lending boom that is concerning regulators.
For the first time in years, Apple's iPhones weren't the star of the show.
Japan's economy shrank more sharply in the second quarter than first estimated, and the latest indicators suggest only a modest bounce back since then.
Chiquita is postponing a vote on its proposed merger with the Irish fruit seller Fyffes as it awaits a new bid from another potential buyer.
China's Alibaba Group is seeking to raise up to us$24.3 billion in its upcoming IPO - an amount that would be the most raised by a company in a stock market debut.
Venture Capital expert Josh Lerner, Harvard Business School professor of investment banking, and chair of the university's Entrepreneurial Management Unit, will be the keynote speaker at the Development Bank...
Mayberry Investments Ltd (MIL) is seeking to educate its clients about the recently introduced FATCA legislation.
It's all systems go for tomorrow's Development Bank of Jamaica Venture Capital Conference 2014 at the Jamaica Conference Centre...
Industry sources say that the sharp decline in mortgage volume seen in the June quarter, as reported by the Planning Institute of Jamaica (PIOJ), is unlikely to persist.
Cable and Wireless Communications Plc (CWC) is making a renewed effort to turn around the fortunes of subsidiary LIME Jamaica, with a planned investment of US$250 million in the network over the next three years.
Kingston Properties Limited (KPREIT) has now sold four residential condominiums in Miami valued at approximately US$980,000 as it seeks to finance the purchase of another set of apartments in that same United States (US) city.