Grenada has described as 'unfortunate and untimely' the downgrading of the credit rating of the Barbados-based Caribbean Development Bank (CDB) by the ratings agency Moody's Investors Services.CDB's rating was cut by one notch from Aaa to Aa1....
Apart from international interest centred on Bob Marley, reggae music and Usain Bolt, among Jamaica's top world-class sprinters, another feature of growing interest is the public debt burden and its...
Jamaica is aiming for a fiscal deficit target of 3.8 per cent, Finance Minister Dr Peter Phillips disclosed Thursday, as he opened the Budget Debate with warnings that Jamaica would have to live within its means....
The Port Authority of Jamaica (PAJ) is wooing Disney Cruise Line, arguing that it would raise the country's profile as a family vacation destination.Disney executives were recently invited to Jamaica by the PAJ in an attempt to secure docking for its...
Trade between Jamaica and Canada has shrunk dramatically in the past four years, but now Canada is exploring energy investments as one way of arresting the decline.Canadian companies are pitching investments of up...
The write-down of the mobile network of Lime Jamaica was primarily blamed for a US$244-million (J$19.7b) impairment loss recorded by its parent Cable & Wireless Communications.The actual impact of the write-down...
Telecoms provider Digicel this week announced what appears to be the first digital merchant payment system which does not require the use of a bank account, credit card, nor a smart phone.The product, called Beep...
Conglomerate Lascelles deMercado and Company is considering selling millions of its Carreras shares, sources tell the Financial Gleaner.The exact amount remains to be determined, but according to one source with knowledge of the transaction now be...
Oil prices dropped near their lows for the year following warnings of a "severe recession" in Europe and an apparent easing of tensions over Iran's nuclear program...
The International Monetary Fund (IMF) has issued a tough assessment of United Kingdom (UK) economic policy, urging the coalition government and Bank of England to do more to boost demand in the economy.The IMF's report of its latest consultation with...
Today is being observed as Labour Day in Jamaica, 'smack dab' in the middle of Workers' Week in the year when Jamaica observes its 50th anniversary as an independent nation.While it is a cherished annual tribute to the resilience of the working class ...
National Commercial Bank Jamaica (NCB) now plans to list up to US$225 million worth of shares on the New York Stock Exchange, according to a US filing on Monday which raises the bank's initial projection for its initial...
Pan Caribbean Financial Services said Tuesday that it will launch at least three new unit trust products later this year, and will move its Montego Bay operation into larger offices to keep pace with growing business...
The 17-country Eurozone risks falling into a "severe recession", the Organisation for Economic Cooperation and Development (OECD) warned on Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown from dragging...
Pan Jamaican Investment Trust shelled out US$4 million (J$351 million) for its 20 per cent shareholding in tour operator Chukka Caribbean controlled by the Melville family.The move was initially announced last week but...
Ralph Chen is seen as something of a champion for minority shareholders, inside the annual general meetings (AGM) of large listed companies, so it perhaps explained his communication to the Pan Caribbean Financial Services' board....
Minister of Tourism and Entertainment, Dr. Wykeham McNeill, has scrapped plans to merge the Tourism Enhancement Fund and the Tourism Product Development Company (TPDCo)
Stock down after IPO - Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday.By late afternoon, Facebook's stock was at $34.26, down 10.4 per cent from Friday's closing price...
St Lucia is taking steps to increase wireless broadband (WiFi) internet penetration with an ultimate plan to make it free across the country, Prime Minister Dr Kenny Anthony has announced.
The World Bank has assembled a team of financial experts to conduct a three-day workshop on the design and application of an appropriate Public Expenditure and Financial Accountability framework
A blonde bundle of energy all but whizzed into the office as we settled down at Flow's New Kingston head offices. A firm handshake and a bright musical 'hello' later, Michele English was whirling into her seat while flashing her tresses into place....
In a nod to their cold war-era relationship, Russia has announced it is to write off Guyanas US$50 million debt to the former Soviet Union, Moscows ambassador Nikolay Smirnov said on Thursday...
Chairman of the Barbados-based Caribbean Tourism Organisation (CTO), Rickey Skerrit has welcomed the decision by the US-based Royal Caribbean Cruise Line to re-introduce summer cruising to the region after indicating that no new ship build tonnage is...
