Business

Insurance provider Guardian Life Limited doubled its net profit during its financial year ended December 31, 2011, moving to J$1.4 billion from J$645 billion the previous year, according to its recently released...

Dr.Peter Phillips, Minister of Finance, Planning and the Public Service, and Stafford Burrowes, chairman and chief executive officer of Dolphin Cove, have been selected as the 2011recipients of the Carlton Alexander Awards...

Putting a bag in the overhead bin will soon cost some Spirit Airlines passengers US$100.

FACE OF THE WEEK - The Rev Dr Garnet Brown (right), a customer since 1957 of JN General Insurance Company (JNGI), formerly NEM Insurance Company, greets bearer Brenford Williams, who has worked with JNGI since 1969, while JNGI General Manager Chris Hind looks on at the renaming and official opening of JNGI's refurbished offices in downtown Kingston, on Tuesday, May 1.

Cedric and Beverley Linton waited 16 years to take out what for the family business was a big loan of just over J$2 million to procure stock and upgrade machinery. That was four years ago, but it helped position their company to take on big jobs today.

A few days ago, the CARICOM secretary general, Irwin LaRoque, revealed in Washington that CARIFORUM nations had begun a process which, if unresolved, will lead to a full complaint at the World Trade Organization (WTO) against the United States in relation to rum.

The countdown to imposition of the new United States food-safety law has begun, but gap audits for a number of processors are outstanding, tying the hands of local authorities who need the reviews to devise a programme of assistance for companies that might need to upgrade plant and equipment.

CALECIA JOHNSON from Farm Town in Discovery Bay is one of several persons who are taking advantage of an economic assistance project started by Noranda Jamaica bauxite company and its community council in January.

CIBC has been named as the strongest bank in North America and the third strongest bank in the world by Bloomberg Markets, a monthly magazine published as part of the Bloomberg business and financial news offering...

Pepsi-Cola Jamaica Bottling Company Limited is reviewing its entire supply chain and will wrap up a project to add new capacity to the plant within six months in a 'bet' by the beverage company that the soft drink market is poised to grow....

Marine attraction Dolphin Cove anticipates that overseas expansion will enhance its return on equity beyond the current 20 per cent. It signifies the growth potential for the Jamaican-based attraction, which nearly doubled its December yearend pre-tax...

A reader writes: "Who says Scotiabank and CIBC were solid as a rock? Did you know they actually went under three years ago but was brought up by the Canadian government? News just came out today that the gov't of Canada bailed out four banks totalling...