GraceKennedy Limited has signed an agreement to purchase 100 per cent shareholding in beverage company Unibev Limited, an advancement on the deal it struck two years ago with the company to acquire the…
Category: Business & Economy
Portland bleeds US$7m on Merqueo write-down
Portland JSX Limited, the locally listed fund that’s managed by Portland Private Equity, posted a US$7.23-million net loss for the May quarter due to write-downs related to its Merqueo investment. However, the equity…
IRS aims to go paperless by 2025
Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the Internal Revenue Service, IRS, next filing season as the US agency aims to go completely…
Gas prices up $4.50, diesel up $4.50
The state-owned oil refinery, Petrojam, has announced increases in the prices of all its products, effective Thursday. E-10 87 is to move up by $4.50 to sell for $179.95 per litre and a litre of…
Factory workers melt under sweltering heat
Record-breaking temperatures are being felt by warehouse and factory workers with little or no cooling units. The world recorded its hottest day ever on July 3rd — a record then beaten on July…
Finzi fails in final fight with JRF over Finsac debt
Businessman Winston Finzi, whose assets became entangled in the financial sector meltdown and rescue programme nearly three decades ago, has failed in a long-running bid to reclaim property from the American-owned company that…
Rising temperatures raise concerns
THE intensifying heatwave has occasioned renewed urgent calls for companies to establish an occupational safety and health (OSH) policy, according to one lecturer at The University of the West Indies (The UWI), Mona….
New boss, same priority at JPS
Jamaica Public Service Company’s newly installed president faced the power utility’s shareholders for the first time on Friday saying he wants to make progress on curbing the theft of electricity prior to the…
UWIDEF and FLOW gift cutting edge technology to UHWI’s ICU
The University of the West Indies Development & Endowment Fund (UWIDEF) and Flow have once again partnered to deliver much-needed state-of-the-art equipment to the University Hospital of the West Indies’ (UHWI) Intensive Care…
Dispute over Persian Gulf gasfield poses early challenge to Saudi-Iranian rapprochement
An escalating dispute over a gasfield in the Persian Gulf poses an early challenge to a Chinese-brokered agreement to reconcile regional rivals Saudi Arabia and Iran. Saudi Arabia and neighbouring Kuwait jointly claim…