Jamaica Gleaner
Published: Friday | December 28, 2012
Home : Business

Rust disease erodes coffee earning projections
The combined impact of hurricane Sandy and the re-emerging threat of coffee leaf rust disease has forced the Coffee Industry Board (CIB) to dramatically adjust its earnings forecast for the sector.The coffee sector is now...

IMF deal weighs on new year business outlook
Jamaica's top business lobby groups are cautiously optimistic about prospects for the new year, which kicks off in four days with a bailout agreement with the International Monetary Fund still unresolved and expectations...

Wing King restructures to go public
Wing King Limited has scaled back to one location, but owner Christopher Morgan says he is repositioning the food-service company to go public.Morgan says he has hired consultants to position the company for an initial...

Jamaica at risk of 'cascading' infrastructure damage
One massive disaster event could deprive Jamaica of as much as 60 per cent of its critical infrastructure because of the way in which vital services are clustered, according to disaster expert Keith Ford.He is recommending that the practice of grouping...

KPREIT mulls venture into property development
Kingston Properties Limited (KPREIT) is considering a foray into real estate development. The company, in what it said is a testing of the market, has placed advertisements inviting persons to apply for the purchase...

Barbados bonds downgraded to junk
The Central Bank of Barbados has joined the government indicating that it was not surprised at the decision of the Moody's Investors Service to downgrade the island's credit rating to Ba1, into junk territory.Finance Minister Chris Sinckler said that it...

Acceleration lawsuits to cost Toyota US$1b
With a proposed payout of more than US$1 billion, one major chapter of a nearly four-year legal saga that left Toyota Motor Corp fighting hundreds of lawsuits and struggling with a tarnished image has ended, though another remains....

Jamaica's China funding option
China is a big lender to many nations and regions. A few months ago, China was asked and the country's leaders eventually agreed to buy more Eurozone debt instruments and to work even closer with the European Central Bank...

Accrual accounting and fiscal discipline in Government
In view of the global financial crisis and recent debt crises in several countries, there has been growing recognition worldwide of the need to strengthen public-sector financial systems and procedures.This has been accompanied by increased demand for...

Top business stories in 2012
This would be the year when the global economy finally regained its vigour.At least, that's what many had hoped...

Oil at US$90
The price of crude fell Thursday following a reported drop in consumer confidence and also growing pessimism that political leaders in Washington can reach a budget deal.By afternoon, US benchmark crude fell 65 cents to US$90.33 a barrel in New...


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