Business

Scotiabank Jamaica's J$500 million Productive Sector Growth Fund II was fully subscribed at mid-January, the bank said Tuesday. The loans, ranging from J$2 million to J$20 million, were priced at 8.95 per cent....

Monopoly electricity distributor Jamaica Public Service Company (JPS) made US$34.2 million (J$2.96b) net profit last year, or 14.5 per cent less than the previous year, due to higher operating and finance costs, but still paid hefty returns to its...

The Hillshire Hotel has been placed on the market for sale by PricewaterhouseCoopers (PwC) to recover fees for two employees of the auditing firm that were appointed co-interim receivers of failed investment scheme, Cash Plus....

Oil prices on Tuesday climbed to the highest level since May on concerns about Europe's oil supplies.Iran announced on the weekend that it will stop selling oil to Britain and France in retaliation for a planned European oil embargo this summer....

The Jamaican economy recorded its fourth consecutive quarter of real growth during the period ending December 2011, even as the country documented the lowest annual rate of general price increases for the last five years....

The Bank of Jamaica is reporting that the economy recorded its fourth consecutive quarter of growth during the period ending December 2011.

Eurozone governments worked into the night on Monday hoping to agree on a long-awaited rescue package for Greece, saving it from a potentially calamitous bankruptcy next month, but several key points of division remained, senior officials said....

Professor Trevor Munroe, has called for more rigorous scrutiny in the administration of private and public pension funds.

WESTERN BUREAU:PRIME MINISTER Portia Simpson Miller says the soon-to-be negotiated International Monetary Fund (IMF) agreement will provide a measure of confidence to businesses, while offering some hope...

The UNESCO Institute of Statistics and the Global Issues website declares boldly, "Considering that nearly 800 million adults cannot read or write, that two billion people lack basic sanitation, that nearly half of the world's...

Triple-service provider Columbus Communications, which trades as Flow Jamaica, said its network infrastructure was already capable of supporting local number portability (LNP) and it was committed to working with stakeholders to ensure its im-plementation as quickly as possible.

When in the 1980s it became apparent that Europe's preferential regimes for bananas and sugar were coming to an end, an impassioned debate began about a transition to other forms of economic activity.