US$4m boost for Pepsi Jamaica - Capacity to increase 30%
Central America Beverage Corporation (CABCORP), the new majority owner of Pepsi-Cola Jamaica Bottling Company Limited and other regional operations that two months ago were owned by PepsiAmericas, is pumping US$10 million into its Caribbean assets...
VMBS expects 50% dropin mortgage business
Victoria Mutual Building Society (VMBS) last year reported robust growth in mortgage loan portfolio, but is now projecting that business will be so bad this year that it will erase all of the gains in 2008. Roy Hutchinson, chairman of the VMBS...
New Lascelles chair to be named - Duprey goes, but Carballo remains a director
Lawrence Duprey, who spearheaded last year's acquisition of Lasceclles deMercado only to preside over the collapse of his CL Financial Group a mere half-year later, has resigned from the Lascelles board in the latest retreat from his former corporate empire...
JP reports $100m half-year profit
Having divorced itself from its loss-making food group, Jamaica Producers has rebounded and is reporting half-year profits of $100 million - just over half of which was booked in the last three months ending June 30. Serious Foods Group, a drag...
Customs willing to slash scrap metal fees
The Customs Department is bowing to calls from players in the scrap metal industry for amendment to the fees imposed on the sector, but is opting to keep the charges low rather than waive them entirely. Industry and Commerce Minister Karl Samuda is lobbying...
Cuban grocery stores shuttered - Sparks food shortage fears
Upscale grocery stores that were scheduled to close two days last week for inventory remained shuttered Monday, sparking rumours of food shortages because of the country's dire economic situation. More than a dozen stores in Cuba's capital ...
Bermuda to wind up BAICO branch
Depositors with British American Insurance Company's (BAICO) have been warned that they could lose money as the Bermuda Monetary Authority (BMA) began court action to wind up its operations. The BMA announced it had applied to the Supreme Court to wind...