Lawyers for the Texas tycoon, R. Allen Stanford, claimed on Tuesday that it was his former chief financial officer, not their client, who was the mastermind behind an alleged US$7 billion Ponzi scheme
WESTERN BUREAU: PRESIDENT OF the Jamaica Agricultural Society Glendon Harris is calling for a review of the procedures which govern how funds are disbursed to farmers to assist them with crop production....
THE LOCAL banana industry continues to reel from the devastation caused by Tropical Storm Nicole in 2008, with Jamaica having to import US$8.3 million worth of the fruit last year to meet the demands of banana-chips processors....
"THE SAFE feed we are offering Jamaican farmers and consumers is helping to secure the future of our livestock sector," says Dr Velton Gooden, quality systems manager at Newport Mills Ltd...
FOR YEARS, St Elizabeth farmers, especially those who do agriculture in the southern belt of that parish, have been faced with serious water woes and losses in revenue as a result mainly of drought conditions, despite loud...
Rupert Murdoch's News International has settled nearly all the cases against the company in the first wave of lawsuits for phone hacking by its journalists, with a new round of apologies and payouts announced Wednesday in a London court....
Development economist, Professor Norman Girvan, has urged the Caribbean Community (CARICOM) to sit up and pay attention as the Hugo Chávez-led Bolivarian Alliance for the Peoples of Our America (ALBA) continues to make rapid advances...
Lawyers for Texas tycoon, Allen Stanford, have claimed that it was his former chief financial officer and not their client who was the mastermind behind an alleged seven-billion-dollar Ponzi scheme.
Unicomer Jamaica, operators of the Courts furniture chain, has transferred the operations of the Constant Spring Road store temporarily to Washington Boulevard to facilitate its expansion. The chain's distribution centre is also to be expanded...
Anglo-Swiss mining group Xstrata PLC announced plans Tuesday to merge with commodities trading giant Glencore International PLC in a deal that will create the world's fourth-largest natural-resources group.The combined company, to be called Glencore...
Coca-Cola reported an effervescent fourth quarter on Tuesday, as the company sold more of its drinks globally and its earnings beat analyst expectations.Coca-Cola is benefiting from raising prices in North America, where consumer sentiment is slowly...
Oil prices rose nearly two per cent on Tuesday after Iran again threatened to cut off supplies to Europe.Benchmark US crude rose by US$1.56 to US$98.47 per barrel in New York afternoon trading.Brent crude...
The Insurance Company of the West Indies (ICWI) has announced a partnership with Alphonso Warner Insurance Agency in a bid to snatch part of the US$45 million (J$3.9 billion) British Virgin Islands (BVI) market.ICWI now operates in six regional...
Fitch Ratings agency on Monday affirmed Jamaica's ratings as stable at 'B-', but said crime and high energy costs continue to hurt the island's growth prospects.The agency hinted that a worsening fiscal deficit and debt-to-output under the new PNP...
Digicel Limited plans to raise US$250 million (J$21b) from a private placement of an eight-year bond.The proceeds will fund potential acquisitions, future capital expenditure and debt servicing.Digicel did not say when the placement of the senior notes...
International marketing firm Racebrook has been hired by receiver Ken Tomlinson to sell The Palmyra Resort and Spa, which has been in receivership since last July. John Cuticelli, the chief executive officer of Racebrook Marketing Concepts...
After 47 years as a privately run general insurance company, Advantage General plans to go public and list on the Jamaica Stock Exchange (JSE) within the next three months.The company which has been in operation since 1964 says it plan to raise between...
Lawyers for Allen Stanford on Monday told the federal court hearing the Texan financier’s fraud trial that the prosecution’s star witness cannot be trusted to tell the truth.
Greece's coalition government on Monday caved in to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid mounting international pressure to agree on austerity measures needed to secure major new debt agreements....
Eric Deans, director of shipping and policy research at the Maritime Authority of Jamaica (MAJ), recently returned to Jamaica after completing a PhD degree in marine policy at the University of Delaware in...
Dr Lorrise Williamson (left) tends to a patient during the Shipping Association of Jamaica's (SAJ) health fair held in partnership with the Rotary Club of Liguanea Plains, the Rotary Club ...
Reacting to entrepreneurs' complaints that the influx of Chinese businesses was posing a threat to their survival, St Lucia's foreign minister Alva Baptiste said on Monday that his government would help local entrepreneurs become more competitive rather...
If we want to create an economy-friendly environment then the number one focus must be on the youth. New solutions and ideas, even for job creation, will come from them; and if we are desperate for change as a nation, then we must be willing to change with the times....
The Private Sector Association of Jamaica has paid tribute to the late Mayer Matalon OJ, prominent businessman, who died on Friday. He was 89. Matalon is survived by widow Sarita, daugters Diana, Jacqueline, Gail, Rebecca and son, Joseph...
The Montego Bay-based Caribbean Producers Jamaica Limited (CPJ) has reported improved performance for the six months ended December 2011, with net profits increasing by 63 per cent to almost US$832 thousand, from US$510 thousand during the corresponding...
