The Inter-American Development Bank (IDB) says Jamaica will modernise its fiscal administration to improve customs and tax revenue collections and better manage debt and government operations, in a programme partly funded by a US$65-million loan.
"We want to make sure that the imbalances that led to the situation in the Eurozone today cannot happen again … we want a new treaty, to make clear to the peoples of Europe that things cannot continue as they are."
A Caribbean appeals court on Monday sided with a group of United States investors in a long-standing battle with Antigua and Barbuda over a luxury resort battered by hurricanes.
The austerity plan devised by Italy's new government won wide-ranging support Thursday, with both United States Treasury Secretary Timothy Geithner and the European Central Bank chief saying it would help the debt-strapped nation move in the right direction.
Disabled Americans, facing even higher hurdles than others finding jobs, would get a boost under an Obama administration plan to set new hiring procedures for government contractors.
Bank shares led stock markets lower Thursday after the president of the European Central Bank reined in hopes that it would take a bigger role in dealing with the debt crisis that has crippled the 17-country Eurozone.
Credit rating agency Moody's Investors Service has scrapped the rating of Air Jamaica but maintained the B3 rating of its debt as part of activities to reflect the airline's change in majority ownership...
The Jamaica Railway Corporation (JRC) is continuing to sell off non-core assets to finance the reinstatement of rail services to targeted communities across the island, with officials saying that property valued at about $3 billion was being offloaded.
Insisting that Jamaica, in its current circumstances, has no option but to maintain a borrowing arrangement with the International Monetary Fund (IMF), the People's National Party (PNP) indicated yesterday that concluding a three-year facility with...
The majority French-owned TransJamaican Highway earned US$33.9 million (J$2.9 billion) in toll charges from local motorists last year, which reflected a US$3.7 million or J$318-million decline in the amount collected during the pre-crisis levels in...
An increase in subscription and revenues from value-added services boosted telecommunications firm Digicel's group revenues for the six months ending September 2011 by 16 per cent to US$1.24 billion.The company, which concluded in November a deal to...
Exec Direct Aviation Services Limited (EDA), Jamaica's only all-cargo airline, has begun to diversify its product offering with a new online shopping and package and mail forwarding service.The company recently launched what is described as 'ShipMe'....
Noranda Jamaica Bauxite Company predicts a stable 2012 amid a rise in its St Ann-based bauxite sales which went up 27 per cent to US$115 million (J$9.8 billion) in the nine months to September this year.The prediction is based on forward orders from...
Oil is back above $101 per barrel after earlier losing ground when a government report showed an unexpected increase in supplies. Weakening demand for gasolene and other petroleum products was the cause...
The union representing workers at the Hilton Trinidad hotel on Wednesday criticised the United States government over its failure to grant a licence to the hotel to host the Caribbean Community (CARICOM)-Cuba summit there on Thursday....
WESTERN BUREAU:THE CARIBBEAN has strongly criticised the United Kingdom government, accusing it of showing complete disregard for the region's future economic prosperity and the role of tourism in its development...
Subaru of America is recalling three of its car models and Honda Motor Co is recalling some motorcycles, all because the brakes can malfunction.The Honda recall covers 126,000 GL-1800 motorcycles from the 2001 to 2012 model years...
Power, politics and people problems - I usually chuckle whenever someone tells me he or she doesn't believe in office politics. More so, I cringe when I hear the statement, "Politics is dirty, I hate anything to do with it".
The Editor, Sir: The following is the Ministry of Agriculture's response to an article published in last Friday's Financial Gleaner under the headline, 'Jamaica squanders $500m ginger export prospect'.
The Barbados-based Caribbean Tourism Organisation (CTO) Tuesday said it is "deeply disappointed and surprised" by the British government's decision to continue discriminating against the Caribbean as it relates to the controversial Air Passenger Duty (APD) system....
Pilots employed with the regional airline, LIAT, have reported sick for duty forcing the airline to acknowledge that there would be cancellations or rescheduling of flights on Tuesday.The action by the pilots follows the airline's decision to terminate...
The Obama administration is announcing a wide-ranging effort to use United States (US) foreign aid to promote rights for gays and lesbians abroad, including combating attempts by foreign governments to criminalise homosexuality....
The Antigua and Barbuda government says it will conduct early next year, a review of three initiatives introduced last July to stimulate activity and build confidence in the local economy.Governor...
Stocks wavered between small gains and losses in midday trading Tuesday after Standard & Poor's (S&P) expanded its downgrade threat against Europe to include the region's bailout fund.The credit-rating agency warned late Monday...
