Blue Diamond Hotels and Resorts will take over the management of the former SuperClubs Breezes Negril Grand Resort and Spa on April 17, says the Jamaica Tourist Board. Blue Diamond, will operate the 210-room under its Memories brand.
Billionaire investor Denis O'Brien has put together a powerhouse group to bid on a telecoms licence in Myanmar.The consortium led by Digicel Group also includes George Soro's Quantum Strategic Partners Limited and YSH Finance Limited, a member of the Yoma Strategic Holdings group owned by Serge Pun.
Finance Minister Dr Peter Phillips has selected a new team leader for the divestment of the state-owned horse-racing company. The new Caymanas Track Enterprise Team (CTET) will be chaired by Keith Duncan, group chief executive officer of Jamaica Money Market Brokers.
In October of 2012 I paid my motor premium of J$34,715.93 by credit card to a broker in May Pen. As usual, I received a discount as I was off the island for a month. In January of this year, I received a letter from the insurer. It stated that my policy would be cancelled within 10 days if the premium was not paid in full.
Despite clear evidence that visitor arrivals into the Caribbean from Britain continue to decline - down by 9.6 per cent in 2011 - the UK Treasury has chosen once again to ignore the representations made by Caribbean governments about the economic damage caused by air passenger duty (APD).
A new report on American aid to Haiti in the wake of that country's devastating earthquake finds much of the money went to US-based companies and organisations.
Food and financial-services conglomerate GraceKennedy Limited plans to buy back 2.5 per cent of its stock over 12 months amounting to more than eight million shares valued at close to half-billion dollars at Thursday's closing price....
Starting next month, mobile provider Digicel Group will sell its own Android smartphone, the Digicel DL600, in an apparent attempt to grow and monetise Internet usage.It's Digicel's first branded phone using the Android...
Sagicor Life Jamaica Limited has taken over the unit trust operations from investment subsidiary, Sagicor Investments Jamaica Limited, which places full responsibility for the management, investment and administrative...
Cabinet has approved the sale of Wallenford to investor Michael Lee-Chin.However, seller Development Bank of Jamaica says there are still senstive issues to be discussed before a final deal is reached."The terms of the divestment of the assets...
Financial analyst and management consultant Dennis Chung has been appointed as CEO of the Private Sector Organisation of Jamaica, replacing outgoing head Sandra Glasgow....
LIME Ja cuts 305 jobsLIME Jamaica, which has outsourced some of its operations to international firm Ericsson, has announced that the services of 305 members of its support delivery teams will be terminated effective May.LIME says they have the option...
When we consider the state of many of the economics in the Eurozone and especially the recent near meltdown in Cyprus at the end of last month, many do contend that politicians are not at all economic...
The March 30 New York Times published 'State-Wrecked: The Corruption of Capitalism in America', an opinion piece written by David Stockman, a former Michigan Republican congressman and budget director in the Reagan administration from 1981...
Nico Distributors Limited has lost its legal fight to recover three cold rooms valued at J$3.6 million, which were affixed to property seized by Billy Craig Investments Limited to recover a debt. The Montego...
Gaming company Supreme Ventures Limited (SVL) has consolidated its subsidiaries into one, Prime Sports Limited, which now has responsibility for all gaming operations....
There is no lack of ambition in Panama. With soaring skyscrapers and dozens of new projects on the drawing boards, the Panama that existed only half a dozen years ago is a distant memory...
The government has secured the support of the International Monetary Fund (IMF) for a minimum level of social intervention programmes to protect the most vulnerable
Two private-sector organisations are warning that the Jamaican economy is nearing crisis level amid concerns of a rapid slide in the local currency.At the end of trading yesterday, the US dollar was being sold at a record J$99.16...
The Bahamas will host a one-day regional Foreign Account Tax Compliance Act (FATCA) workshop next week as Caribbean countries seek to comply with new regulations outlined by the United States. Financial Services Minister...
