Jamaica Gleaner
Published: Wednesday | November 14, 2012
Home : Business

Lascelles' remaining assets worth J$800m - To be sold off in four months
The board and shareholders of Lascelles deMercado officially approved the setting-up of a new company aimed at offloading J$800 million worth of Lascelles assets within four months. Shareholders will receive the sale proceeds...

Confidence rebounds despite scarce jobs
Business confidence recorded a significant gain in the third quarter of 2012, with most of the uptick concentrated in firms' optimism of the future prospects for Jamaica's economy and an improved outlook in their financial position.Consumer confidence...

JP makes new hire to drive food sales - Warns Sandy will dampen 4Q results
Jamaica Producers Group (JP), the shipping and food conglomerate, made a profit of J$17 million in its September quarter, or eightfold year earlier levels.The gain came from its share in associated companies and joint...

Sandals gets multi-year tax breaks on La Source acquisition
Grenada has offered a raft of incentives to Sandals Resorts Inter-national (SRI) in exchange for an agreed US$100-million investment in the financially strapped La Source hotel for which closure would have meant the loss of some 200 jobs....

176 countries agree to crush black market tobacco
A South Korean Health Ministry official says 176 countries, including European Union members and China, have agreed on an international protocol to eliminate tobacco black markets.If the protocol is ratified, the countries will be required to introduce...

Conduit looking for opportunity in Jamaican LNG - Commissions convertible 66-megawatt plant
Conduit Capital, an investment fund that owns energy assets in Jamaica, wants to invest domestically in liquefied natural gas (LNG). J. Scott Swensen, chairman of Conduit Capital Partners Limited, also said his company is raising another round of capital...

China begins pivot to consumption driven economy
BEIJING, China:In the face of a slowdown of global demand for its manufactures, domestic consumption is this year driving growth in China.Beijing officials suggest this is evidence of the deepening success...

Report signals new danger for Caribbean rum trade
Caribbean rum producers face the prospect of losing market share to Central American countries despite the Economic Partnership Agreement between Cariforum and the European Union.Cariforum countries get tariff...

Google, Amazon, Starbucks accused of tax avoidance
British lawmakers on Monday accused major multinational companies of aggressive tax avoidance, amid calls by the United Kingdom (UK) government for a global crackdown on firms that seek to evade taxes.In sometimes bitter exchanges at a three-hour...

EU suspends airline carbon tax
The European Commission on Monday proposed freezing the imposition of carbon-emission charges on non-European Union (EU) flights for a year, a move that could prevent an international airline dispute from turning into a global trade war.The Commission...

BlackBerry 10 release date set for January 30
Research In Motion said Monday that it will hold an official launch event for its new BlackBerry 10 smartphones on January 30...


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