The Finance ministry, whose needs traditionally have been the greatest driver of central government budget increases, will operate this coming fiscal year with $80 billion less than it spent in the 2009-10 period...
Hong Fan Trading, a Chinese company that specialises in the production and sale of metallic elements that help to strengthen alloys, has made an offer for the government's 45 per cent share of Jamalco alumina...
Scotia DBG Investments Limited has successfully recruited two of Jamaica's top investment strategists, Dr Adrian Stokes and Jason Morris, trumping efforts by Victoria Mutual who had been after the two men for its team....
Seeking a new direction, owners of Altamont Court in New Kingston say they are now going after pleasure-seekers and corporate functions, as business from its former staple...
LIME has confirmed that it struck a deal with Telecomunicaciones Gran Caribe (TGC), the Venezuelan/Cuban conglomerate granted a licence last year to build a fibre-optic link from Jamaica to Cuba....
A foreign-owned casino has opened for business in Georgetown, but Guyanese nationals have been told they will not be allowed to gamble there.The decision by Princess Casino comports with the law, which requires...
A senior United Nations official said Monday that it will take up to US$11.5 billion in investment, pumped in over three years, for Haiti to fully recover...
The Jamaica Exporters' Association (JEA) is now looking to secure new cargo carriers to move produce out of Jamaica, business that up to now has been handled by Air Jamaica.But the exporters say Caribbean Airlines Limited (CAL) is not among the options...
Scotia DBG Investments has culled four proposals from the dozen received, and will decide in five days, by next Monday, which of them will be invited to bid for majority share of the 310-room Jamaica Pegasus hotel.The sale is now expected to extend into...
The ICD Group is in negotiations with Victoria Mutual Building Society to buy its insurance subsidiary, but the Matalon-owned company said it would divulge no details of the transaction before a deal is struck....
Conglomerate GraceKennedy Limited has decided to delist from the Barbados and Eastern Caribbean stock exchange, citing low levels of trading in those markets."The low levels of trading in GraceKennedy's stock on both these exchanges do not justify...
R Danny Williams has taken over the top seat at Sagicor Life Jamaica (SLJ) Limited as chairman of the board of the company he founded four decades ago....
GM Challenger said Tuesday that it was still in negotiations with Ford Motor Company for an exclusive distribution and repair contracts for Volvo, but the company is already handling repairs and a model...
Blue Power Group Limited, a soap manufacturer and building-materials retailer, has opened subscription on its 22.599-million share offer at $3.89 per share in an initial public offering that...
Zhejiang Geely Holding Group expects to wrap up talks on buying Ford Motor Company's Volvo car unit by the end of this month, a spokesman for the Chinese auto maker said Tuesday."I cannot tell the exact date, but so far everything goes smoothly...
Google Inc's partial withdrawal from the China market brought swift condemnation from the government Tuesday while leaving Chinese Web surfers to wonder whether they would be able to access a new offshore search engine site or be blocked by censors...
Britain is urging the Cayman Islands to find new revenue sources and diversify its struggling economy after ruling out direct taxation.The British territory's government also needs to reduce public spending and create a three-year plan to cut the...
British Airways worked to get operations back to normal on Tuesday following a three-day strike by cabin crew that the airline says cost it about £21 million (US$31.5 million).
Insurance firm CGI Holdings said it is nearing a deal for the purchase of CLICO International General Insurance Company Limited's operations in Barbados and the Organisation of Eastern Caribbean States (OECS).
The Inter-American Development Bank (IDB) said Monday it has agreed to forgive US$479 million in debts owed by quake-ravaged Haiti.Bank President Luis Alberto Moreno said the bank's board of governors voted to forgive the debt...
The supplier market for individual retirement account (IRA) products continues to grow, with NCB Insurance Company Limited (NCBIC) on Tuesday putting out its own 'Smart Retirement' plan....
Neville Malcolm, resident at the Marie Atkins Night Shelter in downtown Kingston, says he isn't going anywhere anytime soon. Malcolm was one of the residents who took part last Wednesday in LIME's Kindness Day across the Caribbean....
The Government's debt-exchange programme will deny pensioners the benefit of nearly a quarter of the interest the National Insurance Fund (NIF) was due to raise from government bonds.Labour Minister Pearnel Charles last week...
