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Trade Winds Citrus stares down challenges
Trade Winds Citrus managing director Peter McConnell picks oranges from a tree in one of his orchards in Wakefield, St Catherine last month
TRADE Winds Citrus Limited (TWCL) is looking to overseas markets as it searches for new revenue sources that will help offset rising operational costs as well as imports that threaten the very existence of the local citrus industry. "We are looking at markets which can provide viable options for us, while still ...more
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25 influential women in business
Sunday, March 14, 2010
Females across the globe last week celebrated International Women's Day in recognition of the gender's economic, political and social achievements. Today, Sunday Finance shows our appreciation to Jamaican women who have made significant inroads in th ...more
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Sunday, March 14, 2010
MEXICAN tycoon Carlos Slim, who has knocked Bill Gates from the top of the Forbes list of the world's billionaires, is famed for his lack of ostentation and aggressive investments during crises. Slim, 70, took the top spot for the first time in the ...more
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Twin evils of debt and death haunt Jamaica — Alemanni
Sunday, March 14, 2010
IN a well timed address to the rotary club of Kingston last Thursday, Head of Delegation of the European Union (EU), Ambassador Marco Mazzochi Alemanni, noted that the EU's Debt Reduction Programme focuses on the two key areas of macroeconomic suppor ...more
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Sunday, March 14, 2010
A few weeks ago the Government of Jamaica initiated the Jamaica Debt Exchange (JDX) transaction, this was done as the debt structure and fiscal position of the country was not sustainable. In plain old English, the government was spending more than ...more
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Sunday, March 14, 2010
Dennis Cohen (left),National Commercial Bank (NCB) deputy Group managing director and Bernadette Barrow (third left),NCB assistant general manager- Small & Medium Enterprises Division, share in the moment of sweet victory as Auto Channel managing ...more
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Sunday, March 14, 2010
Why do we pay taxes? EACH year as we approach the March 15 income tax due date, we repeatedly hear the question, "why do we pay taxes?" This question is not peculiar to Jamaicans and in fact is frequently asked worldwide. The simple truth is that ...more
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Sunday, March 14, 2010
Keeping your head down The issue pertaining to Wayne Chen's visa cancellation, has the higher elements of Jamaica's social order in a paroxysm of frenzy and fear. The embarrassment quotient seems too much to bear. The US visa is worn more often than ...more
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Sunday, March 14, 2010
Dear Claudienne I have seen your effectiveness in helping people to solve certain problems. Having made numerous calls to no avail I have decided to seek your assistance in dealing with this situation. On Sunday July 13, 2008, I catered for a funct ...more
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Sunday, March 14, 2010
NIGold benefits are paid from the National Insurance Fund (NIF) and not the National Health Fund (NHF) as was stated in the article published on Sunday, March 7 entitled 'Health Care Boost for Pensioners'. Towards a surgeon's fee of $100,000, the Pla ...more
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Audi races ahead of other VW brands
Friday, March 12, 2010
Volkswagen's luxury brand Audi which is sold by ATL Autohaus in Jamaica - is racing ahead of VW's other makes and generated more than 85 percent of total operating profit in 2009, according to group figures released yesterday. Audi's operating prof ...more
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Quality of Jamaican fuel is cause for concern
Friday, March 12, 2010
THE quality of fuel Jamaican motorists put into their vehicles is a cause for concern as engines become more technically proficient. Added to that is the fact that the Jamaican market is opening up to more brands that require a higher octane leve ...more
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Friday, March 12, 2010
WHENEVER I am interviewed about the Jamaican economy, I usually come to the conclusion in my book that the only way for Jamaica to come out of our present downward spiral is to make a fundamental structural shift in our economic and social arrangemen ...more
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Wind farm project to provide more power savings
Friday, March 12, 2010
A US$49-million wind farm expansion project in Jamaica -- that will reduce carbon emissions, significantly boost electricity production and save the country millions of dollars -- will be launched in a week's time. The Wigton Wind Farm expansion pr ...more
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FirstCaribbean Jamaica continues to grow revenues
Friday, March 12, 2010
First Caribbean International Bank (Jamaica) is reporting an increase in revenues and stability in the face of both a local and global downturn in the economy, largely due to operational cost management and a strong parent based in Barbados. Speakin ...more
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Customs makes big illegal cigarette bust
Friday, March 12, 2010
THE Jamaica Customs Contraband Enforcement Team (CET) on Saturday seized a container with over 400 cases of illegal cigarettes valued at $120 million destined for St Maarten. Police could not confirm the identity of the owner of the container, but ...more
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Guyana government considers re-entry into airline business
Friday, March 12, 2010
The high and increasing cost of travel to and from Guyana and its regional neighbours has prompted the Bharrat Jagdeo administration to consider starting up a state-owned airline. President Jagdeo said having a national carrier once again is not be ...more
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World Bank to partner with Caribbean on renewable energy options
Friday, March 12, 2010
Yesterday, the President of the World Bank, Robert Zoellick met with the heads of government of CARICOM countries in Rouseau, Dominica. As the world looks to 2010 for the grip of the global economic crisis to lessen and recovery to take firmer hold ...more
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Mixed results at FirstCaribbean Group
Friday, March 12, 2010
FIRSTCARIBBEAN International Bank has recorded decreases in net income and net interest income for the quarter ended January 31, 2010, but operating income grew. According to recently released consolidated financial statements, net income amounted t ...more
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Flow plans TT$250m cable xpansion
Friday, March 12, 2010
Communications company Columbus International Inc, which operates under the cable TV and broadband network Flow in Trinidad and Tobago, will spend $250 million to expand operations in the country this year. Columbus will continue with the 'aggressi ...more
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New energy legislation in Barbados
Friday, March 12, 2010
The Barbados government is expanding its energy platform to introduce new legislation that would allow the Barbados Light and Power Company Limited to purchase its electricity from independent renewable energy sources. Minister of Economic Affairs ...more
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Friday, March 12, 2010
THE US trade deficit narrowed unexpectedly in January as imports and exports declined and overall volume fell for the first time in five months, the government reported Thursday. The Commerce Department said the trade deficit shrank to a seasonally ...more
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Diageo shot at in Caribbean rum war
Friday, March 12, 2010
Diageo PLC accused rival Bacardi Ltd of trying to drive its Captain Morgan rum production out of the United States in order to protect its own substantial rum subsidies from the Puerto Rican government. Guy Smith, executive vice president of Diageo ...more
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Canada's CIBC takes 22.5 per cent of Bermuda bank
Friday, March 12, 2010
Canadian Imperial Bank of Commerce has acquired a 22.5 per cent stake in Bermuda's Bank of NT Butterfield & Son Ltd. in a deal that expands its footprint in the Caribbean region. Under the terms of the deal, CIBC invested US$150 million as par ...more
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The importance of managing litigation risks
Friday, March 12, 2010
BUSINESSES may be extremely exposed to the risk of litigation if they do not take simple actions to protect themselves. This is according to Yaneek Page, founder and managing director of Future Services International Limited (FSIL), a legal funding a ...more
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Intcomex enters security market with surveillance cameras
Friday, March 12, 2010
INTCOMEX, Jamaica's largest distributor of computers and accesories, is turning its attention to security, launching a series of surveillance cameras that the company says offer the best in video surveillance technology. The Arecount Vision, ACTi an ...more
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