Singapore's first casino-resort is set to partially open Wednesday, a key part of a government plan to reduce reliance on manufacturing and brand the tightly controlled city-state as a cosmopolitan Asian capital. Resorts World Sentosa...
The structural reforms coming for the financial system, including new controls on fiscal policy, will create a better balance for the execution of monetary policy that allows price targets to be set and maintained, Bank of Jamaica Governor...
Jamaica's participation in Expo Shanghai 2010, a six-month long trade show in China, is being coordinated by four Government ministries, using Jamaica Trade and Invest (JTI) as a rallying point for business interest.The expo is expected to bring some 70...
Finance Minister Audley Shaw, hours before he would table new legislation in Parliament Tuesday, announced new powers for the central bank over Jamaican firms in a round of sweeping policy changes for the financial system that would also force Shaw into stronger ...
The space in the Liguanea Plaza, which up to recently was occupied by the Hi-Lo Food Store, has been taken over by Tony and June Wong, who are expanding their north-coast grocery operation, General Foods Supermarket, into Kingston....
Citigroup Inc became the latest bank to take a cautious view of consumers' credit problems, reporting a US$7.77 billion fourth-quarter loss due to failed loans and the costs of repaying government bail-out money.The bank said Tuesday it did see some...
Due to the financial crisis, which prompted countries to seek external help from big lenders, the Inter-American Development Bank (IDB) is reporting that it issued loans in 2009 at nearly twice the pace of the previous year to set a new record....
Economic activity in the third quarter of 2009 was marginally better, by 0.7 per cent, than the June period, but output fell 2.3 per cent in a year-on-year comparison. In the September 2009 quarter, Statin registered $123.25 billion of real gross...
In 2009, Latin America and the Caribbean dodged a bullet.Their efforts over the previous decade at better economic management and smarter social policy paid off, and the worst global recession in a generation caused only minor damage...
In mid-January, 227 farmers received certificates of participation for their involvement in the Banana Sector Rehabilitation Project (BSRP) which ended in December 2009. The HEART Trust/NTA BSRP was aimed at retraining ...
Britain's Tullow Oil PLC said Monday it will exercise its pre-emptive right to buy 50 per cent of two Ugandan oil fields from Heritage Oil PLC for US$1.5 billion, potentially blocking a bid by Italy's Eni SpA.Tullow and Heritage each own a half share in...
What seemed like a cruel joke is now a humbling experience. So said Stephen Bell, regional vice-president of Seaboard Marine. The experience which Bell referred to is having his father, Robert Bell, a veteran in the shipping industry, report to him, at least on paper...
Swiss Reinsurance Company said Monday it transferred part of its US life insurance business to American investor Warren Buffett's Berkshire Hathaway Inc for 1.3 billion Swiss francs (US$1.27 billion) to free up capital and invest it more profitably...
AUDI HAS reported that sales of its luxury cars were down 4.2 per cent on the year in December, but said full-year sales still beat its most recent forecast.The Volkswagen AG unit said it sold 79,300 cars last month.Over the whole of 2009, it sold...
Q. I have a big decision to make. I applied for my best friend's dream and have been accepted. She made me aware of the job and I even assisted her to redesign her resume...
Britain will host a meeting of finance officials from the Group of Seven nations on January 25 to discuss measures to protect the public from future bank failures, including a proposed global insurance levy, the Treasury said yesterday....
United States-based aviation attorney Mike Slack said enough facts have been established to hold American Airlines (AA) responsible for the runway mishap involving Flight 331 in Kingston last month.Slack, who visited...
The Digicel network is now functioning well in Port-au-Prince with more and more customers connecting to it and being able to make and receive calls, text messages, email and BlackBerry Messenger notes. The telecommunications com-pany, in a statement ...
The international ratings agencies followed through to place Jamaica in default on announcement of the $700 billion debt-exchange programme, JDX, that is recalling 350 domestic bonds.
While new housing developments are going up along the Highway 2000 corridor of St Catherine in response to what is being described as brisk demand for homes with a below-$10 million...
The Jamaica Tourist Board (JTB) two years ago joined the throng of marketers tapping social networking sites as a way to drum up business when it revamped its website.Now, the agency is investing millions to develop a channel on YouTube, according to...
Advantage General Insurance Company has rolled out a product targeted at strata corporations, entities which will soon be expected to adhere more vigorously to insurance requirements under the amended Strata Titles Act.
