Jamaican energy company to build ethanol plant in Kingston
Energen Development Limited (EDL), a Jamaican firm set up in early 2004 to develop energy projects, is near to finalising a deal with Canadian equity backers of a 120-million gallon (454 million litres) ethanol plant in Kingston...
Cash Plus negotiating purchase of Blythe hotel
Cash Plus Group of Companies, led by former banker, Carlos Hill, is finalising purchase of a 79-room Golden Seas Beach Resort from businessman and former principal of the UGI and CVM Television, Neville Blythe, Wednesday Business has learned.
BNS extraordinary meeting today - Remodelling plan still concerns investors
Scotiabank Jamaica shareholders will pronounce today on a plan to create a new structure for the commercial bank under a scheme to establish a new holding company that will, in effect, become BNSJ's parent.Under a multistep transaction ...
AIC defends Trinidad business -Says corporate shake-up a deliberate strategy
Michael Lee Chin's AIC Financial Group doesn't deny that it has had a difficult time finding its footing in Trinidad and Tobago.But the group rejects that its three years in the east Caribbean market has been shambolic, insisting that a major corporate shake-up...
Life of Jamaica adjusts mortgage rate
Life of Jamaica has slashed a percentage point off its mortgage loan rates for first time borrowers, the first rate cut in three years, in an attempt to grab a bigger market slice. The insurance company, which has been offering mortgages for almost 30 years...
Digicel raises US$1.4 billion from corporate bond issue
Digicel Group Limited, newly incorporated in Bermuda, said it has successfully raised US$1.4 billion from a corporate bond offer, giving Denis O'Brien the capital he needs to finance full acquisition of the company's shares from minority partners...
Aubyn Hill responds to 'fit and proper' allegations
Corporate consultant Aubyn Hill, at the centre of a storm in Trinidad over shake-outs at AIC Financial Group in Trinidad, on Monday swept aside reports that he would have been denied a 'fit and proper' designation if not for the intervention of finance Minister ...
RJR doubles 3Q profits
Radio Jamaica Limited posted strong third-quarter profits to December 31, which at $72.8 million more than doubled the out-turn in the comparative 2005 period, on stronger revenues and slimmed cost of sales.The media company said its improved turnover...
Toyota to build new US plant
TOKYO, Japan (Reuters): Toyota Motor Corp. said yesterday it will build a new plant in the United States, the latest sign of its pressing need for capacity to keep up with booming demand, with media reports placing the factory in the southern state of Mississippi.
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