American firm to invest US$30m in green energy plant
American energy firm GreenRG Management LLC, which last year got the go-ahead from Cabinet to set up business in Jamaica, said it will be investing some US$30 million (J$2.6 billion) to finance a plant to manufacture...
Food exporters not eager to borrow
Local members of the food-exporting industry are yet to take up any of the J$100-million loan fund offered by the Government of Jamaica through the EXIM Bank to upgrade and which was put in place...
Blue to expand Shell network
Blue Equity LLC is now focused on integrating new asset Shell gas operator Cool Petroleum Holdings into the group, and says it will be expanding the network of gas stations nationwide. The private equity firm also hinted...
Ross urges continuity in Jamaican economic programme
International financial analyst Carl Ross believe the Jamaican economy is on the mend and that to solve the financial problems policymakers need only implement measures already in place.Ross, the managing director...
Jamaica is open for business
Mark Linehan, chief executive officer of Digicel Jamaica, is selling the idea of Jamaica as an excellent place to do business, citing the performance of his company in its decade of operation...
PM makes 'absolute' commitment to investors
Prime Minister Portia Simpson Miller on Tuesday drove home a message that her administration would be prudent spenders and that Jamaica was open for business to owners of capital willing to invest."Let me reassure all investors, both domestic...
Competition heats up in cocoa market
Cocoa prices have been falling on the international market, but Jamaican growers expect a turnaround and are positioning internally to ride the upswing.The private group of growers, Jamaica Cocoa Farmers' Association...
How financial services and debt generate prosperity, defeat poverty
There's so much to explore and consider in Jamaica's jubilee year of Independence, occurring as our population so recently heralded the demise of our first one-term government of the half-century....
EXIM secures US$20m from PetroCaribe Fund
The National Export-Import Bank of Jamaica has signed a US$20-million loan agreement with the PetroCaribe Development Fund (PDF) for on-lending primarily to small and medium-size businesses in the productive sector.An immediate spin-off of the loan is...
TCL to challenge CARICOM Commission
The Caribbean Court of Justice (CCJ) Wednesday granted permission to the Trinidad Cement Limited (TCL) to challenge the jurisdiction of the CARICOM Competition Commission to investigate the cement market.
JN recruits Nina Chang
Jamaica National Building Society has recruited Nina Chang to run the new JN Financial Services which opened December in Montego Bay.Chang's background is in the commercial banking field, where she has worked for 17 years.
Leaders look to China's investments abroad
Chinese investment abroad is drawing scrutiny as global leaders increasingly look to China to prop up the world economy, even as some remain wary of the country's dominance.The head of one of China's biggest private equity firms said Thursday that...
Oil back at US$100
NEW YORK (AP):The price of oil is higher after new reports on jobs and manufacturing show a steadily improving US economy that will need more oil and gas.Benchmark oil on Thursday rose US$1.23 to US$100.63 per barrel at midday in New York.
Sponsors sweeten Expo 2012 kitty
LIME Jamaica is a major sponsor of this year's staging of the JMA/JEA Expo.