The deal struck between food marketing company Nestlé Jamaica and GraceKennedy member company Dairy Industries Jamaica Limited should bring in an additional $20 million in annualised revenue to the group, in addition to opening up a new market segment for its Swiss-owned partner. Dairy Industries is a joint venture
Scotiabank Jamaica yesterday announced that it will be closing its Black River and Old Harbour branches as part of several changes to its branch network which it said will better align its organisational structure with current revenues as well as the shift in customer preferences. The operations of the Black
11:12 am, Tue October 6, 2020 Further changes are coming to the 2020/2021 Budget. The Second Supplementary Estimates will be tabled this afternoon in the House of Representatives. On May 13, Finance Minister Dr. Nigel Clarke, tabled the First Supplementary Estimates. The figures showed that the budget had been been revised
1 - Check your account balance every couple of days to see if there are any strange fees charged to your account or any changes altogether. Discovering hidden charges or fees from early can save you time when you report it to your bank for investigation. You can do this
10:23 pm, Thu July 30, 2020 1. The US Federal Reserve The US economy shrank by a 32.9% annual rate in the April to June quarter as the country grappled with cut backs in spending during the pandemic. It was the deepest decline since the government began keeping records
Caribbean Airlines to restart flights between Jamaica, Antigua and Barbados 5:59 pm, Thu July 16, 2020 1. Caribbean Airlines is set to restart flight operations between Kingston, Jamaica and Antigua and Barbados on July 25. There will be twice weekly flights. Caribbean Airlines says the re-introduction of the flights is
The Bank of Nova Scotia (BNS) continues to reduce its Caribbean presence by selling some country operations. Caribbean Investment Holdings Limited (CIHL) announced on June 22 that it has reached an agreement for the purchase of Scotiabank (Belize) from Scotiabank Caribbean Holdings Ltd., a subsidiary of BNS for an initial
Reynaldo Thompson (left), manager – research, portfolio and fund management, Sagicor Select Fund Limited, inserts the Sagicor Manufacturing and Distribution strip on the listing board of the Jamaica Stock Exchange (JSE), during a listing ceremony on Wednesday December 18. Looking on are: (front row, from left) Marlene Street Forrest, managing
Moody's Investors Service (Moody's), the internationally recognised bond credit rating arm of Moody's Corporation, has changed Jamaica's outlook from positive to stable while upgrading the long-term issuer and senior unsecured ratings of the Government of Jamaica from B3 to B2. The senior unsecured shelf rating was upgraded from (P)B3 to
TOKYO, Japan — Pedestrians walk in front of an electric quotation board displaying the numbers on the Nikkei 225 index of the Tokyo Stock Exchange, in Tokyo on October 16, 2019. (Photo: AFP) The popular phrase is “higher risk is equal to higher returns”. This is a little misleading, because
