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Business

Published:Wednesday | May 30, 2012 | 12:00 AM

Market analysts are still weighing the full implications, but the initial reaction to the proposed dividend tax is that it is unlikely to dissuade stock market investors.Finance Minister Dr Peter Phillips plans to raise J$300 million...

Published:Wednesday | May 30, 2012 | 12:00 AM

Scotia Group Jamaica said Tuesday that the bank has hit a phase in its growth cycle beyond which it is difficult to add market share.Still, president and CEO Bruce Bowen said the group is targeting new products...

Published:Wednesday | May 30, 2012 | 12:00 AM

Cigarette distributor Carreras Limited made J$2.59 billion in net profit, which reflected a 21.7 per cent drop in annual earnings, due in part to competition from illicit smoke products and taxation.Declining indicators included revenues, cash flow,...

Published:Wednesday | May 30, 2012 | 12:00 AM

FedEx Corp said Tuesday that it is buying Brazilian transportation and logistics company Rapidão Cometa Logística e Transportes SA to expand its presence in the region...

Published:Wednesday | May 30, 2012 | 12:00 AM

They are new players in juice manufacturing, but the owners of Orijin say they expected nothing less than a competitive field amid reports that they are now jockeying for position on grocery shelves against other household...

Published:Wednesday | May 30, 2012 | 12:00 AM

Concerns that Spain's ailing banking sector might worsen the European debt crisis weighed on markets Tuesday, though Asian indexes eked out gains on hopes that China will take new measures to boost its economy.Spain's banks are sitting on massive...

Published:Wednesday | May 30, 2012 | 12:00 AM

Spanish oil firm Repsol says it will stop looking for oil in Cuba after hitting a dry well drilled at a cost of more than US$100 million.Repsol Chairman Antonio Brufau says the company decided not to make another attempt but that the Petroliam Nasional...

Published:Wednesday | May 30, 2012 | 12:00 AM

The Urban Development Corporation (UDC) is hunting among senior management talent for a new general manager (GM). The state agency has advertised for a candidate with no less than 15 years experience as manager of a "multi-disciplinary company"...

Published:Wednesday | May 30, 2012 | 12:00 AM

The debt crisis that has ravaged Europe for the best part of three years has exposed a dislike of the single currency but little desire to abandon it, a wide-ranging survey of public opinion found Tuesday.Pew Research Center's survey across eight...

Published:Wednesday | May 30, 2012 | 12:00 AM

Mark Linehan, chief executive of Digicel Jamaica, says the newly proposed telecommunications tax will prove harmful to the sector in which his company operates, as well as the broader economy.Noting that a vibrant telecoms sector is a boost for capital...

Published:Wednesday | May 30, 2012 | 12:00 AM

Dimitris Kosvogiannis, country manager for Spanish hotel group Fiesta, says he plans to wean the chain's Jamaican operations from the national electricity grid, citing high energy costs.Kosvogiannis said Fiesta Jamaica...

Published:Wednesday | May 30, 2012 | 12:00 AM

Japan's Marubeni Corp is buying Nebraska-based grains company Gavilon Holdings LLC for about $3.6 billion in a move to capitalise on rising demand in developing nations for grain and fertiliser.The privately-held Gavilon owns and runs a grains...

Published:Tuesday | May 29, 2012 | 1:31 PM

Although the General Consumption Tax (GCT) has now being imposed on raw foods such as ground provisions, it is not applicable when sold in markets

Published:Tuesday | May 29, 2012 | 10:32 AM

Tourism and Entertainment Minister, Dr. Wykeham McNeill, will chair a meeting of representatives of the Jamaica Hotel and Tourist Association (JHTA) and senior government technocrats tomorrow morning

Published:Tuesday | May 29, 2012 | 12:00 AM

Former Prime Minister Tony Blair said Monday that he couldn't stand up to Britain's media tycoons while in power, telling an official ethics inquiry that doing so could have dragged his administration into a political quagmire.Blair's testimony, briefly...

Published:Tuesday | May 29, 2012 | 12:00 AM

Dream Weekend regulars are gearing up for the annual weekend trek to Negril, Westmoreland, but they might have to shell out in excess of a whopping $100,000 for the pleasure of partying...

Published:Monday | May 28, 2012 | 5:26 PM

Struggling BlackBerry-maker Research In Motion Ltd. said Monday that it is losing another senior executive

Published:Monday | May 28, 2012 | 4:54 PM

The Book Industry Association of Jamaica (BIAJ) has called a special emergency meeting of its members to address the issue of general consumption tax (GCT) being applied to books

Published:Monday | May 28, 2012 | 12:00 AM

MANY Rally Jamaica enthusiasts will remember when Suzuki took the first five top spots in Rally Jamaica and Richard 'Daddy Stew' Stewart took everything his Suzuki Cultus could give with pedal-to-metal flat out driving....

Published:Monday | May 28, 2012 | 12:00 AM

After enduring one too many harsh winters, blizzard-like conditions in New York a few years ago made Red Stripe Senior Brand Manager Sean Yelle (say Yell) yearn for warmer climes. Arriving at work knee-deep in snow, he joked with his colleagues...

Published:Sunday | May 27, 2012 | 12:00 AM

The rate at which profit is taxed for companies will be equalised with the income tax rate paid by their employees and individual Jamaicans, starting January 1.

Published:Sunday | May 27, 2012 | 12:00 AM

Supreme Ventures Limited (SVL) has wrapped up the acquisition of a property on Harbour Street in Kingston for construction of a new headquarters for the lottery company.

Published:Sunday | May 27, 2012 | 12:00 AM

One of the oddities of the region is that it is often easier to read in the media about what is happening in North America or Europe than it is to discover what is happening in neighbouring nations that speak another language.

Published:Sunday | May 27, 2012 | 12:00 AM

Not even the colours of the shirts could outshine the smiles of the Island Grill staffers when Prime Minister Portia ...

Published:Sunday | May 27, 2012 | 12:00 AM

Shareholders of Capital and Credit Financial Group have three weeks to decide whether to sell their holdings to Jamaica Money Market Brokers at the offer price of J$4.55 per share.

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