Wray & Nephew expands rum warehouse - Taps EU funds for reinfrastructure, marketing projects
Wray and Nephew, the manufacturer of Jamaica's famed Appleton rums, will today formally open an upgraded ageing and blending facility at its Kingston headquarters, one of a series of enhancements by the distillers that were partly financed by the European Union ...
Four investors vie for Pegasus - But hotel owners seek rules change ahead of share sale
Four potential bidders are already lined up to buy the Government's 60 per cent stake in Pegasus Hotels of Jamaica Limited, operators of The Jamaica Pegasus, the four-star hotel located in the heart of the New Kingston business hub...
Government proposes new lending institution - Wehby leading talks
The Golding administration is trying to spark private-sector interest in a plan for a new lending agency that is meant to offer alternatives to the commercial banks and state-owned Development Bank of Jamaica (DBJ). The intent is to help those businesses...
Tax the poor!
Should the Government levy GCT on a basic food item, such as bully beef, necessary for survival, consumed by poor, possibly unemployed, struggling single mothers? Yes.And if you happen to be a struggling single mother, you should be all for it....
Poking holes in the PM's crisis plan
Prime Minister Bruce Golding struck a sober and conciliatory tone in his Budget presentation Tuesday that covered a wide cross-section of issues.In certain areas it provided greater information and clarity on the plans...
UTech's unpaid tuition fees grow to $270m
The University of Technology (UTech) has more than a quarter of a billion dollars outstanding in uncollected tuition fees, in a growing problem for the institution.Some $270.5 million of fees remained outstanding according...
JCS: Tax cellphone talk, not computers
THE JAMAICA Computer Society (JCS) is lobbying government to roll back the general consump-tion tax on computers, saying similar revenues could be generated by increasing the cess instead on cellphone talkers.The JCS is proposing that government charge...
Bank stress tests show some need more funds
Some of the largest American banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds.The United States Treasury Department was to officially release...
FSC tightening risk assessment for general insurers
The Financial Services Commission (FSC) is in the process of switching the methodology used to measure solvency levels of general insurance companies - from the minimum asset test (MAT) to a more risk-based approach, the minimum capital test (MCT)....
Limited shock to Jamaican companies, CaPRI finds
Jamaican think tank, the Caribbean Policy Research Institute (CaPRI), has concluded that Jamaican businesses have only a small level of exposure to the global economic crisis.According to the CAPRI report on research findings published in April...
Cuba to build US$75m resort - Partners with Qatar state property group
Cuba and Qatar signed an agreement Wednesday to build a $75 million, 450-room resort on a cay south of the island.The two parties will spend 14 months hammering out financing details for the five-star Gran Paraiso...
COMMENTARY - Stimulus cannot be financed from thin air
Today it is commonplace to talk of governments creating a stimulus package, or, for those who like sweeter sounds: 'counter cyclical short term economic policy'.This is understandable. Everyone wishes to alleviate hardships created by the spread of recessionary...
LIME Jamaica rolls out new 'store on wheels'
LIME Jamaica has introduced a retail store on wheels, called the 'Lime-obile' - a retro-fitted Coaster bus. LIME says the mobile store will be used mainly in rural areas allowing LIME to expand its reach into more communities with its products and services.
Despite opposition, China-Trinidad seal smelter deal
Despite opposition from environmental groups, Trinidad and Tobago and China have signed a multimillion-dollar agreement for the construction of a smelter plant in La Brea. China's ambassador to Trinidad and Tobago, Huang Xing, said that the China...
T&T's downturn temporary - Manning
Prime Minister Patrick Manning described as "temporary" the downturn in the local economy, insisting that his government's development programmes would continue. Addressing a breakfast meeting attended by senior government officials and private sector...
Movements - Brown demits Salada board
Eleanor Brown has resigned as a board director of the Salada Foods Jamaica Limited, the company said in a stock market filing.Her resignation took effect April 21. At 80, Thorburn retires. Carroll Thorburn, having reached...