Tue | Feb 19, 2019

Business

President of Mexico, Andres Manuel Lopez Obrador.

Mexican President Andres Manuel Lopez Obrador announced a US$3.9 billion bailout for the country's cash-strapped, state-owned oil company Friday and promised it an additional US$1.6 billion in revenue, making it a rescue package of up to US$5.5 billion.
The Honda logo on a 2019 Honda Civic on display at the 2019 Pittsburgh International Auto Show in Pittsburgh.

Honda will close a car factory in western England with the potential loss of 3,500 jobs, British media and a local lawmaker said Monday, in another blow to a British economy made jittery by Brexit.

Proven Investments Limited (PIL) has acquired a 20 per cent stake in events company Dream Entertainment Limited, adding a new line to the company’s portfolio of assets that is largely focused on investment, real estate, and microfinance in...

Trade Winds Citrus’s ambition to become a dairy producer is still unfulfilled after 18 months awaiting permits for its preferred cattle breed.

The green US$6.5 million multistorey edifice in New Kingston was much talked about during its construction when speculation was rife about its intended use.

Despite the tabling of a bill by the Jamaican Government for the hostile takeover of Venezuela’s minority holdings in the Petrojam refinery, the principals in A & A Lime Hall Development Company are still optimistic about reaching an...

Total Jamaica Limited appears poised to take the top spot in the local petrol market, at least in terms of the number of stations that it operates, with the announced agreement to acquire rival Epping. The terms of the acquisition were not...

For the financial year ending December 2018, IronRock Insurance – the newest entrant in a market of nine operating companies – generated a profit of $811,000. By itself that number would be unimpressive. But within its proper context...

The makers of Mountain Peak instant coffee, Salada Foods Jamaica Limited, ceased coffee production during much of its December first quarter due to an accident in the boiler room. “The decline arose in October 2018 from an accident in the...

A coalition of at least 10 manufacturers and distributors in the beverage industry have agreed to impose a cess on polyethylene terephthalate, or PET, bottles, funds from which will be paid to Recycle Partners of Jamaica, RPJ, as the businesses join wit
Subscribe to Business