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  • White South African workers to strike over perks for blacks

    September 5, 2018 5:58 AM 9

    JOHANNESBURG, South Africa (AFP) — A South African trade union launched a protest Monday against plans by the country's Sasol chemicals company to exclude white staff from a new employee share-ownership scheme. Solidarity, which has mainly white members including 6,300 at Sasol, said employees of the company's Secunda plant southeast of Johannesburg

  • Former Mexican president coming for 2018 CanEx Jamaica Business Conference and Expo

    September 5, 2018 5:58 AM 21

    MONTEGO BAY, St James — The media launch for the 2018 CanEx Jamaica Business Conference & Expo will be held inside Valencia Room C, Spanish Court Hotel in Kingston, tomorrow. According to organisers, announcements relevant to the 2018 hosting of the Caribbean's premier cannabis business conference and expo including speakers from around the world, will be made at tomorrow's

  • Derrimon expands distribution of SM Jaleel products in $4b deal

    September 5, 2018 4:51 AM 15

    The new distribution deal that Derrimon Trading Company inked with SM Jaleel & Company represents potential sales of $4 billion annually - according to chairman and CEO Derrick Cotterell - which would grow the company's top line sales by nearly 60 per cent. Derrimon will buy the goods under invoice from SM Jaleel for resale, said Cotterell. It's the most lucrative

  • Xi pledges U$60b in financing for Africa

    September 4, 2018 4:03 AM 6

    Chinese President Xi Jinping on Monday pledged US$60 billion in financing for projects in Africa in the form of assistance, investment, and loans as China furthers efforts to link the continent's economic prospects to its own. Speaking to a gathering of African leaders in Beijing, Xi said the figure includes US$15 billion in grants, interest-free loans

  • Venezuela orders banks to adopt cryptocurrency

    August 29, 2018 5:19 AM 15

    CARACAS, Venezuela (AFP) — Venezuelan President Nicolas Maduro ordered banks to adopt the petro cryptocurrency as a unit of account Monday, as the country struggles to emerge from a severe political and economic crisis. Public and private banks must now reflect all financial information in bolivars and petros, according to a resolution of the Sudeban

  • Noble shareholders back US$3.5 bn deal in fight for survival

    August 29, 2018 5:19 AM 5

    SINGAPORE (AFP) — Commodities trader Noble Group's shareholders backed a US$3.5-billion restructuring deal on Monday, in a major boost for the embattled company's efforts to stay afloat. The deal is aimed at pulling the company back from the abyss of a three-year crisis sparked by a fall in commodity prices, allegations of irregular accounting practices

  • Final green light for C&WJ-SECCU merger, after narrow miss

    August 29, 2018 5:00 AM 11

    The latest merger of credit union businesses passed its last major hurdle this month. But it has now emerged that the tie-up of the St Elizabeth Cooperative Credit Union, (SECCU), with Community & Workers of Jamaica Co-operative Credit Union, (C&WJCCU), was almost derailed several months ago when farmers revolted. It took sustained backroom discussions

  • Caribbean Flavours to supply sugar, salt reducer to regional manufacturers

    August 29, 2018 5:00 AM 15

    Caribbean Flavours & Fragrances Limited (CFF) is now rolling out a salt and sugar reducing agent for distribution to the beverage and baking trades in Jamaica and the Caribbean, under the brand name Flavour Fit. The product - to be made locally by Caribbean Flavours on behalf International Flavours Fragrances (IFF) - has more than 100 applications, depending

  • Jamaica Customs encourages online feedback

    August 22, 2018 5:16 AM 23

    The Jamaica Customs Agency (JCA) is encouraging its customers to utilise its Customer Relationship and Feedback Form (CRFF) online platform. The form can be accessed at: www.jacustoms.gov.jm. The CRFF replaces the Customer Enquiry Form, and is part of the JCA's thrust to improve the quality of service provided across the agency, as it provides a wider

  • Hike in hospital fees to hit insurers

    August 19, 2018 4:49 AM 16

    Arising from the increase in user fees in public-health facilities on August 1 for individuals who have health insurance, local insurance providers say that they expect the annual payout to local hospitals to increase. Already, these charges have been trending higher yearly with increased usage of public hospitals since 2016 when the Ministry of Health