Clampdown on bootleg Blue Mountain coffee

Chairman of the Coffee Industry Board (CIB), Delano Franklyn, yesterday announced the formation of a new Brand Infringement and Enforcement Task Force to combat the rising problem of fraudulent Blue Mountain coffee brands on the local market, as well as unlicensed imports of coffee.

Property developer 138 Student Living Jamaica Ltd prices IPO at $4

The initial public offering (IPO) of real-estate company 138 Student Living Jamaica Limited aims to raise $562.9 million from a float of ordinary and redeemable preference shares on the stock market, starting Thursday.

'Too early to relax primary surplus target'

Three technocrats have suggested that it would be unwise for the Government to deviate from the 7.5 per cent of gross domestic product (GDP) primary surplus target agreed under Jamaica's economic support programme with the International Monetary Fund (IMF).

SEC issues subpoena to Brazil's Petrobras

The US Securities and Exchange Commission has issued a subpoena to Brazil's Petrobras for documents relating to an investigation into the state-controlled oil company.

Spice island offers case study in debt traps

The small Caribbean island of Grenada offers a salutary lesson on the dangers of loading up with debt for governments tempted by easy money.

FSC sets $1m minimum for retail repo purchases

The Financial Services Commission (FSC) will phase in new minimum transaction values for retail repos over the next year - $1 million for local-currency purchases and US$10,000 for foreign-currency repos.

No egg shortage for Christmas

The Jamaica Egg Farmers Association (JEFA) says egg production is comfortably above the 11.5 million needed to satisfy local demand this Christmas and that the market is unlikely to face another shortage as happened last year.

Island Grill Sovereign to reopen mid-December

Thalia Lyn, the owner and chief executive officer of the Island Grill quick-service restaurant chain, is eyeing the second week of December to reopen the fire-damaged outlet at the Sovereign Centre mall in Liguanea in time for the usual Christmas rush.

ACB $10m travel bill

The last accounts for the Agricultural Credit Board (ACB) are audited by Grant Thornton for the period ending March 31, 2013.

Equities underperform money market, USD securities

Continued weak investor interest in the equities market is linked to competing higher returns on money-market instruments and capital gains on foreign currency investments, according to the Bank of Jamaica (BOJ).

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