Port Authority selects Pihl for $1b reclamation project
The Port Authority of Jamaica (PAJ) has chosen international construction company E. Pihl & Sons AS for a US$16.5 million (J$1.19 billion) job to reclaim lands at the Hunts Bay shoreline in Kingston. Pihl was selected under open tender, which the National Contracts...
Pardy's ties with Flow not entirely severed
Richard Pardy, who last week gave up his job as head of Flow Jamaica, will likely remain with the Columbus Communications group as an advisor or consultant, the company has said. Pardy left Flow for personal reasons, which, Wednesday Business...
Duprey replaces Ashenheim as Lascelles chairman - Company set for another record year of profits
Lawrence Duprey, one of Trinidad's most powerful businessmen, has taken charge of his newest asset and solidified his hold on Lascelles deMercado and Company Limited, by taking over as chairman of the conglomerate last week, and giving seats to two of his own lieutenants...
Jamaica giving up on export bananas - Local consumption triples foreign sales
Jamaica has virtually written off bananas as an export crop, and will be using the next five years to develop niche markets for the fruit and grow local consumption. "The future of banana, for me, is primarily in local consumption, including local value-added," said Agriculture...
REIT listed on JSE
Carlton Savannah REIT Jamaica Limited (CSREIT), the first and only real estate investment trust company in Jamaica, yesterday listed on the Jamaica Stock Exchange at a price of $5.91. The stock, which will trade under the symbol CREIT, recorded no...
GraceKennedy challenged by cautious consumers
Conglomerate GraceKennedy Limited grew revenues by a fifth to $27 billion in its first six months to June 30, despite what the company points to as a growing cautiousness among consumers. Its net profit was a lot less robust, improving only by five per...
EPA signing on for September 2
Director General of the Caribbean Regional Negotiating Machinery (CRNM), Henry Gill, said the September 2 signing of the Cariforum-European Union Economic Partnership Agreement (EPA) was still on, despite calls for the new trade deal to be...
Brazil weighs ethanol challenge at WTO - Wants 54-cent US tariff lifted
Brazil is likely to ask the World Trade Organization to open a blockbuster case into United States ethanol tariffs, a senior official said, outlining the first possible dispute to arise as a result of last collapse of global trade talks...
UN donates seeds to Haitian farmers
A United Nations food agency says it has started distributing seeds and tools to thousands of farmers in Haiti. The impoverished Caribbean nation has been one of the hardest hit countries in the global food crisis.
A guide to all important foundation skills
The development of skills is being fast recognised as a key and critical component to develop a competent labour force. The message is clear, workforce readiness is key to individual and national prosperity. Most governments in the Caribbean have put skills development high ...
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