Business

The Caribbean Information and Credit Rating Services (CariCRIS) has reaffirmed the creditworthiness of Sagicor Life Jamaica based on the companys dominant market position, healthy profitability and good capitalisation levels...

Proview Electronics says it is now seeking to regain worldwide rights to the iPad name and is suing Apple Inc for alleged fraud and unfair competition, hoping to have a 2009 sale of the trademark ruled void. The Taiwan-based maker of LED lights said...

Spirits conglomerate Lascelles deMercado and Company has blamed last December's election and a weak economy for a 12 per cent drop in net profit in its first quarter.Lascelles, owner of the famous Wray & Nephew and Appleton rums, said the local...

An amalgam of private-sector groups on Tuesday proposed to raise J$7.3 billion in new revenue annually for Government via 145 tax-reform measures aimed at widening the tax net while radically reducing the tax burden on corporations and the poor....

Two Jamaican companies have applied for registration as brokers to trade stocks on the Caribbean Exchange Network (CXN) on which trading is expected to kick off in one month.CXN is an electronic trading system that will allow for real-time cross-border...

Kingston Wharves Limited (KWL) has blamed the weak state of the Jamaican economy as well as the high cost of electricity for a 47 per cent downturn in after-tax profit, a moderate increase in revenue and flat performance in some areas during the year...

Lawyers will continue submissions in the Supreme Court tomorrow in an action brought by Digicel Jamaica challenging the jurisdiction of the FTC in its attempt to roll back the Digicel-Claro deal.

CariCRIS has reaffirmed the creditworthiness of Sagicor Life Jamaica.

The Kingston Wharves Group has blamed the weak state of the economy as well as the high cost of electricity for a 47.3 per cent downturn in after tax profit.

Britain has ordered an unidentified bank to pay half a billion pounds (US$800 million) in unpaid tax that it avoided by exploiting now-closed loopholes, a government minister said Monday. Exchequer Secretary David Gauke said that the bank had operated...

The weighted average selling rate of the US dollar to the Jamaican dollar inched closer to the J$87 mark at the close of trade today.

A prosecutor has told jurors at Texas tycoon R. Allen Stanford's fraud trial that computer hard drives belonging to the outside auditor for Stanford's Caribbean bank apparently were erased after the auditor died.