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GraceKennedy Buys US Company

GraceKennedy Buys US Company

KINGSTON, Jamaica, CMC – GraceKennedy has acquired the assets of USA food business, La Fe Foods Inc, through its wholly owned subsidiary, GraceKennedy Foods (USA) LLC, for US$26 million. Making the announcement, last Friday, GraceKennedy CEO, Don Wehby, stated, “This ...

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Caribbean Airlines Continues To Suffer Losses

Caribbean Airlines Continues To Suffer Losses

PORT OF SPAIN, Trinidad, CMC – The Trinidad-based Caribbean Airlines (CAL) is projecting a loss of just under TT$100 (One TT dollar = US 0.16 cents) million for its financial year 2013. Finance Minister, Larry Howai, said that the airline ...

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Repsol Discovers New Oil Reserve In Trinidad Waters

Repsol Discovers New Oil Reserve In Trinidad Waters

PORT OF SPAIN, Trinidad, CMC – The Spanish energy company, Repsol says it has discovered an oil reserve estimated at 40 million barrels of oil equivalent (boe) in the waters off Trinidad’s south-east coast. In a statement, the company said ...

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Jamaica Makes Successful Return To International Market

Jamaica Makes Successful Return To International Market

KINGSTON, Jamaica, CMC – Jamaica says it has made a successful return to the international money market after a three-year hiatus. A Jamaica Information Service (JIS) report noted that the island, bolstered by an order book of over $4 billion ...

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