Wigton sale cancelled - Investors not interested, PCJ to go it alone on expansion plan
Plans to divest the island's only wind energy facility, the Wigton Wind Farm have been scrapped three months into the new Jamaica Labour Party government. Consultant to the Petroleum Corporation of Jamaica (PCJ), Dr. Raymond Wright, disclosed Tuesday that a decision...
Tax authorities set sights on high-return schemes - Warn investors that payments are due
The revenue authorities will be going after what is likely to be tens of billions of dollars of unpaid income tax, having warned Jamaicans that their returns from proliferating high-yield schemes are subject to tax. On Monday, the Tax Administration Department(TAD)...
National Commercial Bank (NCB) makes $6.6b profit
National Commercial Bank (NCB), Jamaica's second largest banking group, has recorded its largest net profit yet, a solid $6.6 billion or $2.68 per share in a year when deposits also grew despite competition from high-yield investment schemes. NCB's profit grew $1.1 billion..
GraceKennedy revenues aim for new record - Can profits follow?
GraceKennedy Limited made $591 million after tax in the quarter ended September 30, pushing up its nine-month net profits to $1.7 billion or earnings per share of $1.74 and positioning the conglomerate for another record year of performance barring surprises....
Caribbean Broilers invests $200m in production system - Targets bigger slice of prepared foods market
The Caribbean Broilers Group, producers of cb chicken, has gone mainstream with its Caribbean Passion brand to exploit the growing prepared foods market, now estimated at some $8 billion in annual sales.Caribbean Broilers invested more than $200 million...
Manning promises to cut inflation, diversify economy
Fresh from a comfortable electoral victory, Trinidad and Tobago's Patrick Manning plans to 'hit the ground running' with plans that include diversification of the oil-based economy. "There will now be much greater progress than before," said Manning....
The young, future business leader: An endangered species? - Part II
It is as important that employees behave in a manner which is consistent with the organisation's strategy, as it is important that the work processes, the structures and the management hierarchies support the strategy.
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