Spirit Airlines, a low-fare airline that ferries vacationers to the Caribbean and other spots, says it could raise up to US$320 million by selling shares to the public.
YAM FARMERS in Southern Trelawny say the failure of the Ministry of Agriculture to make good on its promise to restart operations at the yam house in Wait-A-Bit is severely restricting their ability to market the surplus yam they now have.
DURING MID-MAY, students from Temple University, USA, will be working with the White Horses Primary School in Roselle, St Thomas, to convert a greenhouse into a nursery, prepare beds, and plant crops. The initiatives are in keeping with the school's kitchen-garden project, which is part of the Ministry of Agriculture's National School-Garden Programme.
SOME HOTELS on the north coast are now showing an interest in produce available at the Ministry of Agriculture and Fisheries' farmers' markets. On Wednesday, chefs from Runaway Bay Heart Hotel and Breezes Runaway Bay Resort visited the farmers' market at White River, St Mary, which was being held midweek for the first time in the parish.
The National Housing Trust has reported that up to Thursday, at least 272 applications had been received for the Unions Estate Phase Three units in Twickenham Park, St Catherine, which went on sale this week.
THE PORTLAND Parish Council is racing against the clock to prevent the Jamaica Railway Corporation (JRC) from removing an old railway coach along with a turntable from a location in Port Antonio. The JRC, which owns the railway carriage and turntable, informed the council of its intention to remove the items, and have them transferred to Kingston for resale in the lucrative scrap-metal trade.
ST ANN BUSINESSMAN Dean Burrowes has started a project aimed at ensuring that several schools in St Ann become energy independent by using solar-powered energy.
R.Allen Stanford, the Texas-born financier, who is accused of using his Antigua-based Stanford International Bank Limited to run a multibillion-dollar Ponzi scheme, will go on trial from September 12, according to court documents released in Houston.
As the new and tighter regulatory regime unfolds, the head of the Caribbean Confederation of Credit Unions, Melvin Edwards, is advising Jamaican community lenders to consider tweaking products and seek out mergers to strengthen their operations and stay...
The Jamaica Public Service Company (JPS) will be swapping out another 35,000 electricity meters for units with digital display, starting Monday.The process will take more than seven months, and should wrap up by yearend.The new meters will be...
Tax expert Ethlyn Norton-Coke has likened the power vested in the newly created position of Commissioner General at the merged government revenue department, Tax Administration Jamaica, to that of a dictatorship...
Oil rose Thursday in volatile trading to settle near US$99 per barrel, with a weaker dollar offsetting concerns about a slowdown in world demand.Benchmark crude for June delivery gained 76 cents to settle at US$98.97 per barrel on the New York...
As some think of The Bahamas, Barbados, Bermuda, British Virgin Islands (BVI) and Cayman Islands, their memory or imagination conjures up beautiful white-sand beaches, breathtaking sunsets and a laid-back population that is for the most part...
WESTERN BUREAU: With the global economic issues still seen as the most significant challenge facing the region's hospitality sector, lenders are now more conservative about backing tourism projects, says KMPG Jamaica's...
Digicel Jamaica on Wednesday launched its new cloud computing services as offsite data backup solution for companies, becoming the first local telecoms firm to seek out business in the relatively untested market segment...
United States Federal Reserve Chairman Ben Bernanke and other regulators gave Congress an update Thursday on their efforts to implement the biggest overhaul of the nation's financial rules since the Great...
The initial public offering (IPO) of Honey Bun shares was oversubscribed within one minute on Wednesday, receiving applications in excess of J$200 million or about four times the offer, according to lead broker and financial adviser Mayberry Investment...
Patrick Hylton testified before the FINSAC Commission of Enquiry this week, laying out his involvement in the bailout operation mounted by the Jamaican Government. Hylton, as a consultant to the Government, influenced the decisions made...
The files of all debtors in financial institutions whose insolvency led to their acquisition by FINSAC during the 1990s should be opened to public scrutiny, as well as the Commission of Enquiry, to determine whether borrowers were fairly treated, Patrick Hylton has suggested....
IN A banking environment where debt defaults have been spiralling, PanCaribbean Financial Services says said it will be focusing on maintaining the quality of its portfolio as its non-performing loans climbs.In its just-released first-quarter results...
Global insurance company American International Group Inc and the federal government are offering to sell a total of 300 million AIG shares to the public.AIG and the government did not specify a price for the shares in a regulatory filing on...
ST CATHERINE businessman Sean Green was denied bail on Monday when he appeared in the Corporate Area Resident Magistrate's Court on charges of money laundering and conspiracy to defraud.Senior Resident Magistrate Judith Pusey has ordered him to return...
A former Wall Street titan was convicted Wednesday of making a fortune by coaxing a crew of corporate tipsters into giving him an illegal edge on blockbuster trades in technology and other stocks — what prosecutors called the largest insider...
TREVOR HEAVEN, president of the Jamaica Gasolene Retailers Association (JGRA), admits that there is merit to Kingston Mayor Desmond McKenzie's claim that the majority of the gas stations in the Corporate Area are operating without a trade licence....
Venezuela's state oil company says the failure of an air-circulation system has affected production at the South American country's largest refinery, but the problem will not affect oil shipments.
