Data from the Planning Institute of Jamaica, spanning 1982 to 2010, shows that real growth of gross domestic product (GDP) averaged less than two per cent per year.The Jamaican economy became more service-oriented with robust expansion in financial...
Ahead of the official opening of Expo 2012 today, group managing director of National Commercial Bank, Patrick Hylton, said it should inspire increased support for local goods.
The Jamaica Government goes to the market between today and next Monday to raise an unlimited amount of money from the re-opening of a variable rate benchmark investment note set to mature in 2013.
The Hennessy Group, producers of the world famous Hennessy Cognac, said it will release a limited edition bottle to celebrate the 50th anniversary of Jamaica’s independence.
The main St Lucia opposition United Workers Party (UWP) has done an about- turn on the implementation of the value added tax (VAT) and is now advising Government against imposing further hardship on the nation's poor at this time.Opposition Leader...
The Federal Reserve says the economy is growing moderately while cautioning that risks from Europe remain.It's holding off on taking any further steps to boost the recovery.
The six government officials named in Prime Minister Portia Simpson Miller’s delegation on a current visit to the United States will be undertaking important business for the country .
April 16-20, 2012 - The misery of 2012 continued for Caricom investors, as declines in financial and manufacturing stocks, saw the major Caricom indices registering losses for yet another week...
Jamaican savers have left roughly J$330 million untended at the country's largest bank, National Commercial Bank, which will become the property of the government unless account holders turn up before yearend to claim...
Prime Minister of Dominica Roosevelt Skerrit says his administration is considering a two per cent levy to fund health care.Skerrit, speaking on the state-owned DBS radio, said he is concerned about the high cost of seeking medical treatment abroad.His...
Spanish energy firm Repsol warned Monday that it would consider legal action against companies or investors that help Argentina exploit oilfields Repsol had planned to tap before its Argentine unit YPF was nationalised.Repsol discovered vast shale oil...
Guyana says at least 94 foreigners have been detained in 'Operation El Dorado' launched earlier this month to curtail illegal mining in the Puruni area.The Guyana government said most of those detained were from Brazil and that the operation involved...
Golden Seas resort in St Mary has been placed on the market by owner Neville Blythe, who has hired Coldwell Banker Jamaica Realty to sell the 79 room property.The resort, which sits on 8.14 acres of beachfront lands,...
Earl Jarrett, general manager of Jamaica National Building Society (JNBS), is calling for the National Housing Trust (NHT) to reconsider its role in the mortgage market as a rival to lenders.The state agency, he said, should stick to wholesale...
PricewaterhouseCoopers has identified a preferred buyer for the former Hedonism III hotel held by Runaway Bay Develop-ment Limited.Bids closed January 30 after a second try at recruiting a buyer."A preferred bidder has been selected with whom we are...
National Commercial Bank Jamaica (NCB) has put the administrative block of the Sand Castles hotel up for sale, but says it would not comment on whether the 174-suite hotel is still taking guests.The listed phone numbers at the hotel located in Ocho Rios...
Venezuelan President Hugo Chavez reappeared on television Monday after an eight-day silence, scoffing at rumours that his health took a turn for the worse and saying he plans to be back home Thursday after his latest round of cancer treatment in...
Claims that US retail giant Wal-Mart used payoffs to speed zoning and other permits in its break-neck Mexican expansion is sparking soul-searching in Mexico, where crowded government offices are the working grounds of shadowy facilitators known as...
Power company Jamaica Public Service Company and its Asian owners plan to create a vehicle to own and operate the planned 360-megawatt plant, whose output will be sold to the electricity provider once it is...
The Caribbean Electric Utility Services Cooperation (CARILEC), in association with the Jamaica Public Service Company Limited (JPS) will be holding two energy workshops in Kingston May 7-11.
Local marine and cargo surveyor and claims settling agents, R.S. Gamble (1998) Limited, a part of the Maritime Group of Companies, is celebrating its 100th year as agents of Lloyds of London...
A collection of worrying news out of Europe sent stocks sharply lower on Monday.New reports showed that European government debt continues to pile up despite severe budget cuts, which have led to unrest across the continent...
Google's United States lobbying bill more than tripled to US$5 million during the first three months of the year amid increased government scrutiny of the Internet search leader's business and privacy practices. The first-quarter expenses for political...
