Business

As companies set up their annual strategic-planning retreats, there is a natural temptation to forget about the future, and focus on today. While the recession has driven us to examine daily cash flow, it is a mistake to think that the long-term future doesn't matter.

The Port Authority's Rosalie Donaldson and Transport Minister Mike Henry (right), step up for the trophy presented by World Travel Awards founder Graham Cooke (centre) for the Historic Falmouth Cruise Port, which was selected as the Leading Tourism Development Project in the Caribbean.

In December of 1991, I bought a Shelter Life Policy with Jamaica Mutual Life Assurance Society. The premium was J$544.10 per month. My beneficiary would get J$300,000 when I died. I paid the premium for nearly 20 years and only took J$25,000 and J$12,000 from the policy. Now I am told that I have four options to keep the policy relevant.

Prime Minister-designate Andrew Holness has vowed to move swiftly to reduce the bureaucracy which is stifling businesses locally.

WORK TO neutralise the cyanide-polluted water at the AUSJAM gold-mining facility in Kraal, Clarendon, is continuing, despite an assurance from the independent consultant engaged to carry out the task that it would have been completed by the end of July.

HORNS BLARED, drowning words from cursing taxi operators, as 41-year-old Navlet Whittaker meandered through traffic in downtown Mandeville; she is a vendor under divine order.

The divestment of Air Jamaica cost some US$164 million (J$14 billion), according to Dennis Chung, who said the figure was about US$40 million less than budgeted...

Black Sand Acquisition Inc announced Tuesday that it would extend its hostile takeover offer for Lascelles deMercado to yearend...

The Urban Development Corporation (UDC) is set to rescind its decision to sell a state-owned property in downtown Kingston to Bashco Trading Company, having admitted to breaching the Government's divestment guidelines because it failed to advertise...

Jamaica dipped seven spots to rank 88 in the Doing Business Report 2012 representing its seventh straight year of decline due to difficulty obtaining electricity supply and a burdensome tax structure...

Citigroup has agreed to pay US$285 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was starting to collapse.The US Securities and Exchange Commission said Wednesday that the big Wall...

The International Monetary Fund (IMF) has recommended a two-year wage freeze as Barbados seeks to deal with a subdued economy.In a statement issued on Monday night following a two-week visit to the island...