WESTERN BUREAU:Tourism Minister Edmund Bartlett yesterday sought to reassure members of the international business community that the fallout from the impending divestment of Air Jamaica is anticipated...
FORMER BANKER Aubyn Hill has been re-engaged by Government to divest its sugar assets.Hill's renewed relationships with the Government was announced by Agriculture Minister Dr Christopher Tufton in Parliament...
The Office of the Contractor General (OCG) says it has concluded its special investigation into the airlift guarantee agreements entered into between American Airlines (AA) and Jamaica Vaca-tions Limited (JAMVAC)...
NEW YORK (AP):Stocks rebounded from a two-day slide Wednesday as Federal Reserve Chairman Ben Bernanke told Congress that low interest rates are still needed to support the economy. Bernanke sounded an upbeat note about a recovery...
Published:Wednesday | February 24, 2010 | 12:00 AM
Thousands of former sugar workers, left jobless after the Government's redundancy axe fell on some 7,000 of them in 2008, are now at risk of losing their homes,...
Published:Wednesday | February 24, 2010 | 12:00 AM
Apparently reflecting the continuing recession in the Jamaican economy, firms and corporate head-hunters placed more than 25 per cent fewer advertisements for jobs in the island's major newspapers...
Published:Wednesday | February 24, 2010 | 12:00 AM
The Government continues to draw down on multilateral lending facilities made easier by the standby loan agreement it has inked with the International Monetary Fund, having signed last week three policy-based loans totalling US$170 million ...
Published:Wednesday | February 24, 2010 | 12:00 AM
While the Government has made it clear that public sector workers will get no increase in salaries for two years starting in the 2009 financial year, the Minimum Wage Advisory Commission...
Published:Wednesday | February 24, 2010 | 12:00 AM
ALBANY, New York (AP):Employees at Wall Street financial firms collected more than US$20 billion in bonuses in 2009, the year after taxpayers bailed out the financial sector amid the economic meltdown, New York state Comptroller Thomas DiNapoli said...
Published:Wednesday | February 24, 2010 | 12:00 AM
It appears there is no end in sight for the ongoing conflicts involving two key players in the local cement trade, with competition watchdog, the Fair Trading Commission...
Published:Wednesday | February 24, 2010 | 12:00 AM
Shorna Newsome-Myrie, acting general manager of the Runaway Bay HEART Training Institute in Runaway Bay, St Ann, states that Jamaicans who are skilled in food preparation are in high demand.Employers include the newer hotels, cruise ships, overseas...
Published:Wednesday | February 24, 2010 | 12:00 AM
Regional insurance broker, CGM Gallagher, is expanding its business, having opened its ninth branch office in the island of Grenada in an effort to improve the company's reach in the eastern Caribbean."...
Published:Wednesday | February 24, 2010 | 12:00 AM
The Planning Institute of Jamaica (PIOJ) and the University of the West Indies (UWI) will tomorrow hold a joint seminar presentation on the Jamaican economy and the implications of the International Monetary Fund Agreement....
Published:Wednesday | February 24, 2010 | 12:00 AM
LIFE IS slowly returning to sugar production on the Vere plans of Clarendon. After several months of inactivity, the huge chimneys of Monymusk Sugar Factory began emitting smoke again in January...
Oral McCook, managing director of OGM Integrated Communications, has acknowledged the secondary effect that the advertising industry has on maintaining Jamaica's democracy through its support for the media."It is good to know that we are part of that...
PARIS (AP):Striking workers who have shuttered more than half of France's oil refining capacity are threatening to expand their walkout to the rest of the country's refineries, raising the risk of gas shortages ahead of key regional elections....
DUBAI, United Arab Emirates (AP):Dubai's battered real-estate prices have nearly bottomed out and should start to recover, but probably not until at least next year, the head of one of the troubled emirate's most prominent property developers...
LONDON (AP): SHARES IN GlaxoSmithKline PLC topped the list of fallers on Britain's FTSE 100 index of leading shares Monday after a United States (US) Senate report said the drug maker knew of possible heart attack risks tied to Avandia...
THE MAN who has led the Government's efforts to divest Air Jamaica, Dennis Lalor, has defended the process in the face of mounting criticisms over the decision to sell the airline to the Trinidadian entity...
Earlier this month, Prime Minister Bruce Golding made an official visit to the Republic of China, during which he held talks with that nation's leadership and secured new investments. The following are a few of the stories that came out of his visit....
Prime Minister Bruce Golding has indicated to Chinese investors that Jamaica is ready and willing to receive Chinese investment to expand the production of Blue Mountain coffee."What we are trying to encourage is Chinese investment in additional...
Prime Minister Bruce Golding has told Chinese investors that his government wants to develop Jamaica as a hub for Chinese commerce and trade with the wider Central and South American countries."We are strategically located, sitting mid-point between...
The following is an outline of the process used in the divestment of Air Jamaica as provided in a statement from chairman of the Divestment Committee, Dennis Lalor. In an effort to bring clarity to the discussion about the process which was and is being...
Newest entrants to the investment business, Proven Investments Limited (PIL), announced on Friday that its recent private placement has netted the US$20 million it recently went to the market for, making it one of the major players in the industry.
Jamaica's consistently low levels of economic growth over the last three decades have baffled even the brightest minds in economics. For a country so blessed with natural resources, good geographical proximity to the largest economy (as measured by GDP) in the world - the USA, a fairly high level of human capital, the economy has not lived up to its potential.
