Jamaica Gleaner :: Business
The oldest and leading newspaper in Jamaica
Published Date: Fri, 4 Jul 2008 06:02:01 EDT
- SCJ sold for US$25m - But Jamaica to pump funds back into Brazil company, give up Petrojam Ethanol Limited
The Jamaican Government will apparently receive no cash, but instead get a 25 per cent stake valued at US$25 million (J$1.8 billion) in the vehicle being used by Infinity Bio-Energy, the Brazil-based ethanol manufacturer, to acquire the state-owned sugar company.
- C&WJ turns to Ericsson for high-speed mobile network
Aiming for a 'transformation' of its mobile market, Cable and Wireless Jamaica (C&WJ) has sealed a US$30 million (J$2.1 billion) deal with Ericsson to expand its network and upgrade to 3G technology capable of deploying a wider range of broadband services, and at faster speeds.
- 100% tax waiver extended
Finance Minister Audley Shaw has said yes to requests for the tax amnesty to be amended, giving businesses and the self-employed another month to qualify for full waiver of penalties and interest.They now have until July 31 to pay off their principal...
- Equity transfers across stock markets a multimillion-dollar business
The movement of stock units across regional stock markets has emerged into a multimillion dollar activity, with Jamaica, based on the volume of reported transactions, emerging as the preferred market for Caribbean investors to redistribute their equity holdings.
- Jamaican companies pull back on investment plans
Jamaican firms have pulled back sharply from near-term investment plans in the face expectations of weak profits and a deepening pessimism about the state of the economy, the latest survey of business confidence shows. The quarterly survey for the...
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