Carib Cement plans $1.3b debt swap - Vote set for January 5
Jamaica's Caribbean Cement Company Limited is planning a debt swap with its parent, Trinidad Cement Limited (TCL), that would free the company of US$15 million (J$1.34 billion) of liabilities. The company proposes to convert the debt to preference shares ...
WTO delares end to banana war
European and Latin American countries on Tuesday ended a 13-year dispute over banana tariffs in a deal that will significantly open EU markets to more imports from countries such as Ecuador. The agreement signed by trade...
NCB Capital Markets rearranges Air Jamaica financing
NCB Capital Markets Limited (NCBCM) has arranged $1.8 billion of financing for Air Jamaica, under a revised deal that restructures a previous loan underwritten by the brokerage.NCBCM had originally arranged $3.1 billion of financing for the airline...
Jamaica Beverages in market push for Trinidad drinks - New GM to redefine distribution system
Soft drink distributor Jamaica Beverages Limited is preparing to launch a marketing assault designed to grab a bigger slice of the flavoured beverage market here for its range of Trinidad-made products...
Test run
At a price tag of US$143,000 (J$12.8 million), an old unit owned by the Jamaica Urban Transit Company has been reconditioned and made roadworthy by Brazilian firm Incavel Omnibus E Pecas.If the unit performs to road standards, Jamaica would consider...
Can't get that job offer?
A poor or lukewarm reference may be sabotaging your efforts to nail that job. Reference checks are vital to an employment decision the higher the position being applied for in the organisation...
IDB approves US$10m loan for Jamaica
Saying Jamaicans will see reduced traffic fatalities, safer journeys and lower transport costs, the Inter-American Development Bank (IDB) has signed off on a new loan to improve the country's roads. The bank said the US$10 million (J$895 million) loan...
Seven top JSE awards - Ying appeals for more participation
A total of six listed companies and a non-listed brokerage took top honours in the JSE Best Practices Awards for their performance in 2008, with Pan Caribbean Financial Services and Scotia DBG Investments Limited sharing the trophy....
Guyana lands new US$5m loan to strengthen financial sector
The Inter-American Development Bank (IDB) will funnel US$5 million to Guyana as a policy-based loan to shore up that country's financial sector.The IDB said the funds would facilitate 'competitiveness' programmes to increase access to financial services...
More losses projected for airlines - 30 carriers eliminated in 2009
The global airline industry will face another harrowing year in 2010, with losses expected to reach US$5.6 billion despite some recovery in passenger and cargo traffic, an industry group said Tuesday....
British Airways turns to court to avert Xmas strike
British Airways (BA) sought a court injunction Tuesday to prevent a 12-day strike by cabin crew that would cause havoc for one million travelers over the Christmas and New Year's holidays. British Airways PLC said it was seeking to stop the planned walkout ...