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Business
Jamaica Business News, Economy, and Financial Sector Information
Are the new telecoms licences up for sale too pricey?
Wednesday, May 22, 2013
Already delayed by a week, the auction of two wireless broadband telecommunications licence has been postponed. The Spectrum Management Authority (SMA), which was apparently unable to attract firm interest in the 700-megahertz (MHz) band licences at the minimum price of US$40 million ($4 billion). The Government a ...more
GK goes after mobile money
Wednesday, May 22, 2013
GRACEKENNEDY is among seven applicants to have so far sought authorisation to become electronic retail payment service providers.
The conglomerate, which owns a bank and the largest remittance business in Jamaica, aims to be a first mover with techn ...more
JPS, ATL partner on energy-saving retail products
Wednesday, May 22, 2013
THE Jamaica Public Service (JPS) and appliance giants Appliance Traders Limited (ATL) have partnered to provide energy-saving products and services to customers.
The partnership, which was sealed in a Memorandum of Understanding ...more
Purity boosts income 58%
Wednesday, May 22, 2013
Having undergone change in its culture since listing, Purity bread maker, Consolidated Bakeries boosted its first quarter profit by 58 per cent.
The new comer to the Jamaica Stock Exchange (JSE) Junior Market posted $14.2 million in profit before t ...more
Fiction, Tracks & Records post losses
Wednesday, May 22, 2013
KINGSTON Live Entertainment (KLE) Group, operators of the Fiction nightclub and Usain Bolt's Tracks & Records restaurant, racked up first quarter net losses of $17.3 million for the period ending March 31, 2013.
The company attributed the losses ...more
Colombia turning brain drain to gain
Wednesday, May 22, 2013
Slowing migration and increased re-settlement through renewed public confidence has helped to drive the Colombian economy, says the country's investment promotion agency.
Proexport Colombia last week hosted an economic conference in Miami that showc ...more
BCW Capital to raise $500-m for Caribbean Producers
Wednesday, May 22, 2013
CARIBBEAN Producers Jamaica (CPJ) has hired BCW Capital to manage a major bond offering as the food service distributor seeks to raise up to $500 million primarily to help reduce existing debt.
The company is attempting to raise the funds through th ...more
Evicting a tenant
Wednesday, May 22, 2013
EVICTING a tenant is probably one of the most difficult tasks faced by landlords of properties governed by the Rent Restriction Act (hereafter referred to as "the Act"). Quite often, a landlord may find himself on the 'wrong side' of the law by engag ...more
Diageo — Cheers to you and yours!
Wednesday, May 22, 2013
People drink for many reasons, whether it be to celebrate good news or just to relax with friends. Whatever the reason, the array of brands that are offered by Diageo are used to celebrate every day and everywhere.
Diageo, which trades on both the ...more
The art of gentle persuasion
Wednesday, May 22, 2013
Do you always get exactly what you want regardless of the consequences to others involved? If the answer is 'yes' then you must have very strong powers of persuasion. You will also fall into one of two human categories: baby or psychopath. Babies and ...more
Best Buy reports loss on restructuring costs
Wednesday, May 22, 2013
MINNEAPOLIS, USA - Best Buy reported a loss for its fiscal first quarter yesterday as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
Its adjusted earnings beat Wall Street exp ...more
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