Shareholders of Caribbean Cement Company Limited (CCCL) voted Tuesday in favour of the plan that would solidify Trinidad Cement Limited's hold on the Jamaican operation, but would also free the operation of US$15 million ...
M&M Jamaica Limited, an engineering and project management firm headed by Don Mullings has landed a $2.7 billion contract from the National Housing Trust (NHT) to develop 834 houses and house lots at Longville Park in Clarendon....
Billionaire Warren Buffett's Berkshire Hathaway Inc voted against Kraft Inc's proposal to issue 370 million shares to finance its bid for British candymaker Cadbury PLC, saying the plan gives Kraft...
Venezuela is lending the Haitian government US$33 million to turn a run-down airfield in the country's north into a major international airport and boost tourism hopes, a Haitian lawmaker has said.Senate President Kelly Bastien told Radio Metropole...
Dr Omar Davies' charge that a $3 billion advance to government by the Bank of Jamaica (BOJ) in November was unsecured funds that amounted to the printing of money, has been followed by an admission from the central bank that its support to the Golding administration...
Continuing to bleed from stalled lending to a slowed construction sector, coupled with the stranglehold of a mountain of bad debt, the Jamaica Mortgage Bank (JMB) is set to restart its programme of buying mortgages to provide an additional income stream....
The United States Federal Aviation Administration (FAA) is increasing oversight of American Airlines after three mishaps during landings last month.Jetliners' wingtips touched the ground during two landings, one in Charlotte, North Carolina, on December...
The race for America's natural gas riches grew more crowded Monday with the announcement that France's Total SA would spend US$2.25 billion to gain new access to deep fields in Texas.Total's deal with Chesapeake Energy Corp comes just three weeks after...
If central bank data on the amount of currency that was in circulation during the just-concluded holiday shopping season are to be believed, consumers, despite the anxiety over the new tax package, had a jolly good Christmas after all. The Bank of Jamaica reports...
Ask Cedric Linton how he started his business and he will tell you about this long relationship with the Jamaica National Building Society (JNBS) and the role that the society has played in his life and business at BCNS Printers Limited...
DUBAI, United Arab Emirates (AP): Dubai opened the world's tallest skyscraper Monday and, in a surprise move, renamed the gleaming glass-and-metal tower Burj Khalifa in a nod to the leader of neighbouring Abu Dhabi...
The Urban Development Corporation (UDC) has said it will be pushing ahead with plans to redevelop downtown Kingston and is projecting to spend $250 million to rehabilitate the market...
New mortgages might be drying up as financing houses get increasingly wary of bad debt and first-time homeownership moves further beyond the reach if many, but some banks are reporting a spike in borrowings, using residential property already owned as...
The real estate market remains in the doldrums but local real estate agents are reporting that rental business volumes increased by as much as 40 per cent in 2009, even as...
Sandals Resorts International (SRI) has pumped $305 million into the renovation of its smallest property, the 52-room Sandals Inn at Kent Avenue in Montego Bay, which was recently reopened and renamed Sandals Carlyle.
A taxi service is a business with relatively small margins in profit and intense man-hour input, yet in July Paul Yapp decided to give up his position as paid employee in a Kingston company to create his own - Cool...
World stocks mostly edged higher Thursday as traders headed into the long New Year holiday weekend in a fairly upbeat mood, following a nine-month bull run that has seen many markets advance over 50 per cent since March.
President of the Jamaica Manufacturers' Association (JMA) Omar Azan, while accepting that in 2009 manufacturers benefited from the removal of the two per cent customs users fees (CUF) on raw material and capital equipment, says that more has to be done by government to encourage manufacturing in 2010 and beyond.
The Ministry of Agriculture is putting in place what it says is a high-level, strategic marketing committee to guide the diversification of marketing efforts for Jamaican coffee, with a keen eye on ramping up sales volumes to China, Europe and the United States.
THE TAX Administration Services Department (TASD) is advising that the increase in personal income tax rate will be applied to all individuals earning above $5 million per annum.
Sagicor Financial Corporation (SFC) said Wednesday that chairman Terrence Martins has retired from the company's board of directors effective December 31, and would be replaced immediately by Stephen McNamara. Martins, a former chief executive officer...
In 1992, Britain's Queen Elizabeth used the term "annus horribilis" to describe the year in which the marriages of her two sons, Charles and Andrew, broke down and Windsor Castle caught fire. Seventeen years later, Caribbean countries experiencing their own annus...
