Entrepreneurship was one of the hottest buzz words for 2013. From political and business leaders to the ordinary man on the street, everyone seems to be singing from the same enterprise hymn book that mobilising our people to start and grow businesses is the key to alleviating the country's high unemployment, anaemic economic growth and debilitating debt crisis.
Telecommunications provider Digicel is to purchase a submarine fibre network of 2,100 kilometres to extend between its markets of the French island of Guadeloupe and Trinidad.
Jamaica rates very poorly both internationally and regionally on broadband penetration for both mobile and fixed Internet access, according to a recent international study.
Twenty years have passed since Parliament established the Fair Trading Commission (FTC) in 1993 with the primary objective of positioning competition as the driving force behind economic activity in Jamaica. In the current fiscal year, approximately $73.5 million of scarce public resources have been approved to fund the FTC.
Dominica, one of the Caribbean islands battered by a slow-moving low-level trough that brought death and destruction to St Lucia and St Vincent and the Grenadines, said Thursday it was prepared to assist its fellow Organisation of Eastern Caribbean...
The new business registration form or super form comes into effect on January 2, 2014 to replace the old system whereby individuals visit multiple government agencies to incorporate a company or register a business name.The multipurpose registration...
Thousands of stakeholders in the Empire State Building lost more than $400 million in potential profits when the managing owners rebuffed potential buyers in order to sell public shares in the iconic skyscraper, a new lawsuit says.By spurning all-cash...
The Portia Simpson Miller-led administration on Tuesday passed a resolution for the removal of duty from several items when imported by owners and operators of hotels and guest houses.The exempt items include communication equipment, electric cooking...
The number of Americans applying for unemployment benefits dropped by 42,000 last week to a seasonally adjusted 338,000, the biggest drop since November 2012.
Oil prices edged up above $99 Thursday, the first trading day after Christmas, as violence in South Sudan stoked concerns about the country's oil production.Benchmark US oil for February delivery was up 17 cents to $99.39 a barrel in electronic trading...
Stocks moved higher in midday trading Thursday as Wall Street went back to work after the Christmas holiday.The yield on the 10-year Treasury note, a benchmark for many kinds of loans, crossed above the psychologically important three per cent mark.
Spain's finance minister has told a business newspaper that the government plans to cut income taxes for low-income Spanish families in 2014, but that citizens in higher-income brackets...
Successful stock investors followed some simple advice this year: Don't worry, be happy.Next year, though, they will need to temper that rosy approach.In 2013, investors who blocked out the scary headlines about a possible government default, budget...
Celebrity developer Donald Trump has filed two ethics complaints against state Attorney General Eric Schneiderman, accusing him of misconduct.Trump says the Democratic attorney general solicited campaign donations from Trump's daughter even as...
While Jamaica ranks poorly in its take up of broadband Internet, the country is seeing a surge in the sales of smartphones, according to local mobile companies Digicel and Lime.Both companies are selling Internet-capable smartphones for under...
Caribbean Information and Credit Rating Services Ltd (CariCRIS) has removed National Commercial Bank Jamaica (NCB) from rating watch and reaffirmed the rating of jmAA - on its debt issue of US$75 million.It has also reaffirmed its ratings of CariBBB on...
The Inter-American Deve-lopment Bank (IDB) and Compete Caribbean have provided funding of US$653,000 (J$69.2 million) to undertake reform aimed at improving business competitiveness in Jamaica under an ongoing technical assistance programme.Minister of...
Approximately one-third of respondents to a new Jamaica labour market survey said they anticipated an increase in the workforce in the year ahead, while 150 employers said they planned to expand their businesses.The findings are contained in the Labour...
Former Jampro boss returns to franchise model - Sancia Bennett Templer, the former president of Jampro, Jamaica's investment promotions agency, has opened a Cellaris phone accessory store in Manor Park, St Andrew.
Venecia Realty Company Limited has brought to market another 82 lots on which it plans to build one- to three-bedroom houses through its newest development, Jewel Estate in St Catherine....
The World Bank has rated The Bahamas as the wealthiest Caribbean Com-munity (CARICOM) country.The Washington-based financial institution said that The Bahamas is the most economically prosperous country,...
Denis O'Brien, the billionaire owner of international mobile telecommunications company, the Digicel Group, is to receive a special dividend of US$650 million (J$69 billion) according to a British newspaper.The Sunday Times of London reported on...
In the White Paper on public-sector pension reform tabled in Parliament last week, the Government is proposing that contributions from workers be set at five per cent of their salaries....
Unicomer Jamaica Limited, which operates the Courts furniture, electronics and appliance stores, has launched a new e-commerce portal which is expected to enhance revenue growth in the new year....
The Trinidad and Tobago government says it is seeking international assistance in dealing with an oil spill that is threatening several areas in the southern part of the country even as the Oilfield Workers' Trade Union (OWTU) said the state-owned...
