New multimillion Petrojam contract goes to CGM - AGI 'fronting' for overseas firm - Insurance deals top $860m
Petrojam Jamaica Limited is taking steps to award another multimillion-dollar insurance contract to cover assets of the refinery in Kingston and Montego Bay. CGM Gallagher Insurance Brokers Jamaica Limited and Petrojam have agreed to a US$5.18-million deal...
Limited silver linings in this year's Budget
Before Minister of Finance Audley Shaw presented the eagerly anticipated revenue estimates and tax package for fiscal year 2009-2010 yesterday, Jamaicans had a portent of what was to come. "Increasing taxes is never easy or pleasant," declared Prime Minister...
Fairview complex sold
A buyer has been found and the contract already signed for the sale of the Fairview Shopping Centre in Montego Bay, one of four properties put on the market last year by the Cable and Wireless Jamaica Pension Fund, the Financial Gleaner has learned....
RBTT Jamaica to enter residential mortgage market - RBC merger to make headway June, finalise 2010
RBTT Jamaica, the nation's third-largest bank by assets, is set to enter the residential mortgage market by the end of the calendar year, a service already being offered by sister operations in the wider Caribbean. But the Minna Israel-led bank enters a market...
Jamaica reports more visitors, others say market in decline
Jamaica's tourism Minister Edmund Bartlett says visitor arrivals were up by two per cent over the period December 15, 2008 to April 21, 2009. That increase, he said, translated to some 650,000 stopovers.But five Caribbean countries are reporting...
LIAT names interim CEO
The Antigua-based airline, LIAT, on Wednesday announced the appointment of a member of its board of directors to oversee the daily operations of the company, 24 hours after it parted ways with its chief executive officer Mark Darby. In a brief statement...
Equal-pay law ineffective and unpoliced - Enforcement a 'waste of time', says labour ministry
Jamaica has a 33-year-old law that mandates pay equality between the sexes, but nobody monitors it even though the sparse information available demonstrates that the gap in salary for men and women remains entrenched. In fact, none of the agencies...
What the changing US policy means for Cuba's telecoms market
Cuba is the most attractive telecoms market for potential investors in the Western Hemisphere due to its large population of some 11 million people and feeble penetration rates for fixed and mobile telephony, both dial up and broadband Internet...
Education should be free
Undoubtedly a country's true development potential inheres in its people.Natural resources help, but on their own, and in the long run, can end up meaning little. Indeed, pungent smells as we pass the red mud lake and Jamaica's passionately crusading environmentalist...
US$4b Canada pledge to IDB a borrowing opportunity for Jamaica
The Canadian government has pledged US$4 billion to the Inter-American Development Bank (IDB) which will help the IDB to increase its lending capacity in response to the economic effects of the current financial crisis in the Americas....
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