Harry leaving Digicel
Digicel's Harry Smith, chief customer relations officer, who helped spearhead the rapid ascendancy of the Irish mobile phone company in the Jamaican and regional markets, has resigned his job, reportedly after a big payday recognising his contribution....
Jamaica Public Service Company (JPS) reports $199m loss - Hurricane recovery costs, foreign exchange losses erase earnings
A four-hundred-and-twenty million-dollar bill linked to hurricane recovery costs and added foreign exchange losses linked to the depreciating currency have pushed the Jamaica Public Service Company (JPS) into a loss position in its September quarter....
KFC increases prices by 10% - Cites devaluing dollar, high raw-material costs
KFC Jamaica has tacked an overall 10 per cent increase on to its prices across the 31-store fast-food chain, saying the move was linked to a six per cent decline of the Jamaican dollar for the calendar year to date. But Mark Myers, managing director of Restaurants of Jamaica...
Huge growth projected in cash-based Christmas spending - MultiLink network projects 26% hike in debit card transactions
The nominal value of Jamaica's debit card transactions during the month of December has almost tripled over a five-year span, based on data gleaned from J.E.T.S., operators of the MultiLink debit network. Now, general manager for MultiLink, Edmundo Jenez, is projecting a 26 per cent...
VMBS fires back with 12% savings offer
The Victoria Mutual Building Society (VMBS) has introduced a high-interest-saving product called iSave which it underscores is not only more competitive but also a saf on the market to build wealth. The product is offered through the regular VMBS saving facility and gives members...
Government to back $300m banana loan for Jamaica Producers - Also to foot insurance bill
The Jamaican Government is to guarantee a US$4.2 million ($300.3 million) loan from the Development Bank of Jamaica (DBJ) under a rescue plan for banana jobs and to preserve the fruit's export market to the European Union, its main buyer. The Golding administration is also...
PIOJ reports marginal growth - Hughes forecasts equally challenging December quarter
A downturn in agricultural production and mining activities curtailed economic growth to 0.5 per cent for the third quarter, but the Planning Institute of Jamaica (PIOJ) said the performance of the economy was better than projected given the impact of Hurricane Dean...
The complicated Neal & Massy, BS&T deal - Withdrawal of offer remains an option
Fettered by a stop order on the trading of Barbados Shipping & Trading Company Limited (BS&T) shares, Neal and Massy Holdings Limited has extended its takeover offer for a month but remains locked in a legal fight with regulators that has left the deal in question....
Lawmakers press for new approach to resolve Antigua gambling case - Criticises USTR for mishandling trade dispute
The Bush administration should explore legislation to roll back a U.S. ban on Internet gambling instead of paying compensation to the European Union and other trading partners, the chairmen of two House of Representatives committees said on Monday.
Cable & Wireless Jamaica takes half-billion$ write-down
Cable & Wireless Jamaica Limited has given up on collecting more than half a billion dollars in debts, and has written off the receivables in its second quarter while at the same time chalking up net losses of $478.7 million for the period. ...
Jamaica Producers Group ( JP ) losses mount to $326m - Sunjuice, snacks take big hits
Jamaica Producers Group profit worries deepened in its October quarter, pushing year-to-date losses to $326 million on disappointing results from its two cash-generating business segments. In the Fresh and Processed Foods division, which accounts for 80 per cent of sales...
Jamaica Money Market Brokers (JMMB) doubles 2Q profit
Jamaica Money Market Brokers Limited (JMMB) has posted improved second quarter results due mainly to gains from securities trading, to bounce back from a disappointing first quarter.For the September quarter the group generated gross profits of $327.2...
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