Category: Business

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CDB Launches Transformative Strategy for Trinidad

The Caribbean Development Bank,CDB, has formally launched a country strategy for Trinidad and Tobago, which proposes financial support of over USD$400-million for the...

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Jamaica Broilers Reports $8bn Profits

Jamaica Broilers Group is reporting a $14-dollar jump in net profits, amounting to over $8-billion compared to just over $7-billion for the same period last year....

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Property Taxes to Come Down

Finance Minister, Audley Shaw, has announced a reduction in property tax rates. The Minister made the announcement yesterday as he opened the budget debate for the...

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Scotia Investments Rakes in $150m Quarterly Profits

President of Scotia Investments Jamaica, Lissant Mitchell is reporting a net profit of almost $150-million for the quarter ended January 31. It represents a 27-percent...

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$45bn in Dormant Bank Accounts

An estimated $45-billion are currently in so-called ‘dormant’ bank accounts. That revelation was made this afternoon by Finance Minister, Audley Shaw, as he...

A sign for Moody's Corp. is shown Aug. 13, 2010 in New York. Moody's Investors Service is a credit rating agency. (AP Photo/Mark Lennihan)

Moody’s Downgrades Barbados Credit Rating

Credit ratings agency Moody’s is the latest downgrade Barbados The downgrade comes less than a week after Standard and Poor’s also lowered its long-term...

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Scotiabank Clocks $2.2bn in Early 2017 Net Profits

President and CEO of Scotia Group, Jackie Sharp is reporting net profit of just over $2.2-billion for the three months ended January 2017. This represents a $250-million...

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Gas Prices Down This Week

There’ll be a reduction in the price of all major petrol products at the pumps today. Petrojam says the price of 87 and 90 octane gasoline has decreased by $0.12...

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King Pepper Returns to Canadian Market

Jamaican condiment and seasoning manufacturer King Pepper Products has successfully re-entered the Canadian market and is now looking to capitalize on its recent...

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Jamaica Teas Aiming for Higher Revenues & Profits after Big 2016

CEO of Jamaica Teas, John Mahfood is budgeting for higher revenues and profits for 2017 following a successful 2016 Financial Year. In 2016, Jamaica Teas delivered net...