Jamaica Mortgage Bank (JMB), one of the several big creditors owed money by KES Development Limited, is going after personal holdings of Hugh Scott and his wife Elesa, the directors of the failed real estate firm. The government-owned housing financier...
It is fashionable to compare Jamaica's 'underdevelopment', with Singapore's rise. Recently, Richard Byles of Sagicor Life Jamaica Limited, made the comparison: Jamaica off track, rudderless without a plan...
Guardian Holdings Limited (GHL) has shed two more subsidiaries, Gibraltar-based insurance carrier Zenith Insurance Plc and GHL Insurance Services UK Limited, but said the transactions should not be viewed as a pull back from the European market but, rather...
The Monymusk sugar factory began grinding cane this week, and is working with a set target of 37,000 tonnes of sugar from 426,000 tonnes of cane - a tonne cane tonne sugar or TCTS ratio of 11.51. The factory is still undergoing major rehabilitative work...
Reynolds joins Scotia, Dixon departs - Scotia DBG Investments Limi-ted has announced the appointment of Adrian Reynolds as assistant vice-president for treasury and trading, effective December 14, 2009....
The Government has sent clear signals this week that it is now ready to sign off on its letter of intent to the International Monetary Fund (IMF) for a US$1.3-billion stand-by agreement for 27 months. The draft letter of intent will be presented to the Cabinet for consideration...
"The virtual world knows no national boundaries." This complicates many of the dangers that lurk in cyberspace which are founded in the laws of different countries.Cleveland Allen, associate attorney at the New Kingston law firm Patterson Mair Hamilton...
Jamaica's central bank Governor Brian Wynter is confident the economic doubts that caused the domestic financial market to reject recent government bond offers will be lifted, removing the need for continued Bank of Jamaica (BOJ) lending, except in the most extreme...
Jamaica's letter of intent to the International Monetary Fund (IMF) is now ready, meaning the country could be just weeks away from signing a US$1.2-billion loan agreement with the IMF.
HUNDREDS OF trash trucks across California are rumbling down city streets using clean fuel made from a dirty source: garbage. The fuel is derived from rotting refuse that San Francisco and Oakland residents and businesses have been discarding in the Altamont landfill since 1980.
NINE MONTHS after Windalco suspended production at its Ewarton refineries, the bauxite company says it will implement a redundancy exercise for its 762 permanent employees at the end of March, this year.
Two of Jamaica’s leading advertising agencies have merged and will begin trading as DCC Prism Ltd effective February 1, 2010. The new firm comprised of Dunlop Corbin Communications and Prism Communications Ltd. will combine considerable skills and resourc
Grenada's prime minister Tillman Thomas expects the Caribbean island's economy to shrink 1.8 per cent in 2010 before returning to growth in 2011. The gross domestic product fell 7.7 per cent in 2009 due largely to declines in construction...
Jamaica Public Service Company Limited (JPS) has put back its first hydro plant back into service, spending US$1 million to add 0.77 megawatt of capacity to the grid.JPS said the Constant Spring Hydroelectric Power Plant that was recommissioned...
Australia is providing one million dollars (US$884,500) to the CARICOM Development Fund (CDF), the Caribbean trading bloc has announced, following a meeting between CDF chief executive officer, Ambassador Lorne...
Shareholders of Caribbean Cement Company Limited (CCCL) voted Tuesday in favour of the plan that would solidify Trinidad Cement Limited's hold on the Jamaican operation, but would also free the operation of US$15 million ...
M&M Jamaica Limited, an engineering and project management firm headed by Don Mullings has landed a $2.7 billion contract from the National Housing Trust (NHT) to develop 834 houses and house lots at Longville Park in Clarendon....
Billionaire Warren Buffett's Berkshire Hathaway Inc voted against Kraft Inc's proposal to issue 370 million shares to finance its bid for British candymaker Cadbury PLC, saying the plan gives Kraft...
Venezuela is lending the Haitian government US$33 million to turn a run-down airfield in the country's north into a major international airport and boost tourism hopes, a Haitian lawmaker has said.Senate President Kelly Bastien told Radio Metropole...
Dr Omar Davies' charge that a $3 billion advance to government by the Bank of Jamaica (BOJ) in November was unsecured funds that amounted to the printing of money, has been followed by an admission from the central bank that its support to the Golding administration...
Continuing to bleed from stalled lending to a slowed construction sector, coupled with the stranglehold of a mountain of bad debt, the Jamaica Mortgage Bank (JMB) is set to restart its programme of buying mortgages to provide an additional income stream....
The United States Federal Aviation Administration (FAA) is increasing oversight of American Airlines after three mishaps during landings last month.Jetliners' wingtips touched the ground during two landings, one in Charlotte, North Carolina, on December...
The race for America's natural gas riches grew more crowded Monday with the announcement that France's Total SA would spend US$2.25 billion to gain new access to deep fields in Texas.Total's deal with Chesapeake Energy Corp comes just three weeks after...
