Stocks lost some of their early gains and turned mixed yesterday despite the death of Osama bin Laden, several strong earnings reports and a major drug industry acquisition.The Dow Jones industrial average rose 27 points, or 0.2 per cent, to 12,839 in...
We join the thousands of university graduates, undergraduates and prospective students in welcoming the reduction in interest rates on Students' Loan Bureau (SLB) funds.The burden of student loan repayment...
The Government has taken aim at businesses, especially in the retail trade, which it claims are using pieces of paper as customer receipts in order to avoid the general consumption tax (GCT)....
NEW DELHI , India(AP):Air India pilots demanding more pay, defied a court order yesterday, to end their strike and refused to work for a fifth day, forcing the beleaguered national carrier to cancel three-fourths of its scheduled flights.The airline...
Time and seasons are critical to understand in business and in managing a nation's economy. Even the time in which a person seeks to win an election is important. One who merely has a natural perspective cannot predict the outcome of an economy...
A local housing developer has been charged by the Fraud Squad after regulator, the Real Estate Board (REB), initiated investigations and subsequently alleged he was advertising and collecting money for a project that had not been approved by the...
The European Union's competition watchdog is investigating the practices of some of the world's largest banks, as well as a clearing house and a financial data firm, in the market for credit default swaps (CDS).
Tourism in Latin American and the Caribbean was last estimated as a US$58-billion industry two years ago, and about 74 million visitors vacationed in the region last year, the most current data indicate.
Finance Minister Winston Dookeran has recommended that the entire board of the state-owned Caribbean Airlines Limited be dismissed and replaced with one headed by former BWIA chief executive officer Conrad Aleong.
QUESTION: I just read your advice to someone wanting to purchase a house in a year's time and I thought you could advise me of the best investment for some money I have saved.- Marion
National Commercial Bank (NCB) has reported a 15 per cent increase in net profit to J$6.12 billion for the six-month period ending March 31, 2011.The bank reported profit of J$5.3 billion in the comparative period a year ago.
Director of professional services at the Mona School of Business (MSB), Dr William Lawrence, has called for urgent modifications to the Companies Act to help resuscitate Jamaica's small business sector.
The Housing Agency of Jamaica (HAJ) says It will spend J$2.8 billion to develop homes targeted at low-income earners in St James and St Catherine within the next two years.
The Office of Utilities Regulation (OUR) said Friday that the Jamaica Public Service Company Limited (JPS) was the sole bidder for the supply of 480 MW of generating capacity,...
Tax Administration Jamaica will be opening up two lines of communication through which the public can confidentially submit information about persons they suspect are not paying...
FINANCE MINISTER Audley Shaw has confirmed that the finalisation of the Air Jamaica-Caribbean Airlines deal that was set for today has again been delayed.
The Turks and Caicos Islands completed a roughly US$280 million bond sale Tuesday that officials say aims to help the British dependency tackle a fiscal crisis. The Caribbean islands' London-appointed governor said the sale "buys us the time we need ...
From the United States to Japan, it is illegal to drive a car without sufficient insurance, yet governments have chosen to run the world's 443 nuclear power plants with hardly any insurance coverage whatsoever.Japan's Fukushima Dai-ichi nuclear...
Venezuela is imposing a windfall profits tax on royalties from oil projects when crude prices are above US$40 a barrel, seeking to squeeze as much as US$16 billion mostly out of foreign oil companies, the government said Tuesday....
Milverton Reynolds, managing director of the Development Bank of Jamaica, says his agency has cleared scrutiny of government-procurement watchdog and is now just weeks away from finalising negotiations for the sale of Mavis Bank Coffee Factory....
Kingston businessman, Aubrey Smith, told the FINSAC enquiry on Wednesday that he had no outstanding debt with Century National Bank (CNB) when it was taken over in 1996, but was later told he owed...
The agency that executes the fast-track process for the approval of development projects is likely to survive its one-year test phase, which wrapped up in March, its coordinator has said.Hugh Gordon, the director of Development Assistance Centre (DAC),...
