Benchmark T-bill yields 12.5%In what appears to be a capitulation to Government's push to lower rates in line with the Jamaica Debt Exchange (JDX) offer, the monthly treasury bill auction yielded 12.5 per cent on the benchmark six-month bill and 11.68...
The Jamaican stock market is performing at levels not seen for six years, as equities struggle to compete with other investments, notwithstanding an environment of falling interest rates that, theoretically, should be good for stocks...
Digicel has unveiled the newest addition to its wide range of BlackBerry smartphones."The BlackBerry Bold 9700 smartphone gives customers the freedom and flexibility to organise their work and social life on one sleek and powerful device...
Commissioner of Customs Danville Walker has promised shipping agents and customs brokers that by summer of this year, the C87 form, a seven-page document, will become a single copy. The C87 is an electronic-entry lodgement system used for the importation...
United States President Barack Obama sent Congress a US$3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programmes....
Toyota Motor Corp said Monday its dealers should get parts to fix a sticky gas-pedal problem by the end of this week as the automaker apologised to customers and tried to bring an end to a recall that has affected 4.2 million vehicles worldwide....
The world's foremost gathering of business and government leaders wrapped up a five-day meeting with widespread agreement that a fragile recovery is under way; but no consensus on what's going to spur job growth and prevent another global economic meltdown.
Honda is recalling 646,000 Fit hatchbacks worldwide because of a glitch that could cause water to enter the power window mechanism, causing components to overheat. A spokeswoman says the recall affects the 2007-2008 models of the Fit...
THE GOVERNMENT has agreed to consider, for the next financial year, a programme of support for tertiary students in dire financial distress and at risk of deregistration. Students qualifying for this programme would be determined by means testing and on the recommendation ...
The intervention of Prime Minister Bruce Golding is being sought to bring closure to a dispute over aspects of the compensation package for commissioner of police-in-waiting, Owen Ellington. The Police Service...
STARTING TODAY, customers are expected to dig deeper into their pockets when purchasing a bag of cement.Carib Cement Company Limited is increasing the price of its product by seven and a half per centThe company said the increases have become necessary...
Subscribers to Flow's telephone service are demanding explanations at the sudden appearance of their private information in the national telephone directory, produced annually by a third party.
Prime Asset Management Limited and trainers Fitz-Ritson and Associates have teamed up on a programme to educate the overseers and administrators of pensions funds and human-resource managers in a new academic course to be...
Toyota Motor Corp's suspension of sales in the United States on an unprecedented scale to fix faulty gas pedals deals a blow to the automaker's reputation for quality and endangers its fledgling...
Last week one morning, I woke up to find in my inbox a copy of an open letter from the staff of Air Jamaica Holdings Limited to Prime Minister Bruce Golding, indicating "full support of the initiative presently under way by the Jamaica Air Line Pilots...
Who pays to promote the Caribbean as a destination that tourists should visit? Is it governments through general taxation, or is it the hoteliers and those in the private sector who benefit from the industry's success.
The Bank of Jamaica (BOJ) had to pick up $13 billion worth of bonds to bail out the Government earlier this month. Deputy Financial Secretary Darlene Morrison confirmed the transaction Thursday night but denied suggestions that it represented an advance to the Government.
Five business operators have been arrested for stealing electricity, as the Jamaica Public Service Company (JPS) intensifies its efforts to crack down on power theft.They were among 10 persons detained in the first two weeks of this year.
THE DEBT exchange and new taxation charges will result in a compression of the economy and an effective reduction of revenues from taxation, according to tax expert Brian Denning, who says the fiscal initiatives announced in the past nine months would effectively squeeze $82 billion from the system.
INDUSTRY PLAYERS in real estate are still upbeat that 2010 will see an improvement in the market on expectations that the cost of borrowing will become cheaper as interest rates trend downwards. This, despite reports that consumer confidence...
JAMAICA'S INVESTMENT houses have stepped up their push of unit trust products as a fairly safe alternative to stocks and fixed-income securities whose yields are constrained by economic uncertainty and a push to lower interest rates...
THE URBAN Development Corporation (UDC) has bought the old Machado complex in Kingston for $80 million, which it will convert into its new headquarters. UDC General Manager Joy Douglas, who confirmed the purchase, said the agency acquired the property,...
