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Business

Published:Sunday | August 7, 2011 | 12:00 AM

The Barbados-based discount airline, REDjet, is to begin flights into St Lucia from as early as October, Tourism and Civil Aviation Minister Senator Allen Chastanet announced on Friday, even as he attempted to broker the carrier's links between the Eastern Caribbean and Panama.

Published:Sunday | August 7, 2011 | 12:00 AM

The Facey family-controlled Pan Jamaican Investment Trust has revealed an early 2012 construction date for its planned Marriott Hotel in New Kingston.

Published:Sunday | August 7, 2011 | 12:00 AM

I am a young person - I am employed - who wants to start investing early but am not sure what kind of investments to make considering that I have very little to invest. Could you kindly suggest where I could locate such an individual who could help me take the little I have and do some sound investing?

Published:Sunday | August 7, 2011 | 12:00 AM

My vehicle was written off after a truck collided into its rear while it was parked. Can the insurance company, having insured the vehicle at one amount, deduct from the claim what it says, is depreciation in the value of the vehicle? The insurance company have also deducted a service charge (an excess or deductible) from the claim...

Published:Friday | August 5, 2011 | 12:00 AM

World financial markets are still reverberating from the suicidal political showdown in Washington last week over the raising of the US debt ceiling which, for the first time, was tied to budget cuts - a demand by ideological purists of the Republican...

Published:Friday | August 5, 2011 | 12:00 AM

An International Monetary Fund (IMF) mission ended a two-week visit to The Bahamas with a report that economic recovery in that country is gaining strength...

Published:Friday | August 5, 2011 | 12:00 AM

Satellite TV provider DirecTV Group Inc said Thursday that its net income in the second quarter increased 29 per cent as its subscriber base grew, especially in Latin America.But the company added far fewer subscribers in the US than it has in previous...

Published:Friday | August 5, 2011 | 12:00 AM

The US stock market is in the midst of its biggest retreat since the financial crisis.The Dow Jones industrial average plunged as many as 440 points in Thursday afternoon trading. It is now down more than 1,200 points since July 21.

Published:Friday | August 5, 2011 | 12:00 AM

Kraft Foods Inc said Thursday it plans to split into two publicly traded companies, with one focusing on its international snack brands like Trident gum and Cadbury chocolates and the other on its North American grocery business that includes Maxwell...

Published:Friday | August 5, 2011 | 12:00 AM

First Jamaica Investment's J$14.5 billion in assets and shares were fully absorbed into realtor parent company Pan Jamaican Investment Trust Wednesday, following a successful court ruling backing the scheme and earlier shareholder approval, according...

Published:Friday | August 5, 2011 | 12:00 AM

The Belize government has confirmed that British Caribbean Bank Limited has filed an application before the Trinidad-based Caribbean Court of Justice (CCJ) seeking an injunction to stop it from passing the Belize Constitution 9th Amendment Bill into law.

Published:Friday | August 5, 2011 | 12:00 AM

The Jamaica Stock Exchange (JSE) has narrowed the period in which junior market companies must list their shares after an offer through the exchange from 14 calendar days to seven.JSE said it would facilitate earlier secondary market trading...

Published:Friday | August 5, 2011 | 12:00 AM

Irrespective of anything Minister of Finance Audley Shaw may say or wish to say about his prowess and understanding of business and finance, the fact is the administration's relationship with the IMF has been anything but smooth...

Published:Friday | August 5, 2011 | 12:00 AM

Peart to lead JSDA - Gary Peart, chief executive officer of Mayberry Investment Limited, was elected the new president of the Jamaica Securities Dealers Association (JSDA) on July 28....

Published:Friday | August 5, 2011 | 12:00 AM

Lascelles DeMercado and Company says it has no suitor other than the Black Sand Acquisition Inc, but even that takeover process has been scoffed at by the new leader of the spirits conglomerate who says the proposal is yet to be presented for scrutiny....

Published:Friday | August 5, 2011 | 12:00 AM

Black Sand Acqusition Inc on Thursday re-affirmed its US$3.86 per share offer price for Lascelles deMercado and Company in response, it said, to shareholder queries on what went into the pricing of the shares...

Published:Friday | August 5, 2011 | 12:00 AM

The Financial Services Commission (FSC) took temporary control of Intertrade Finance Corporation Limited on Wednesday, as it moves to assess the company's true financial health.The takeover extends to subsidiary Intertrade Investments Limited....

Published:Friday | August 5, 2011 | 12:00 AM

The Trinidad Cement Limited (TCL) debt restructure deal will result in an 18-month debt moratorium for its Jamaican subsidiary Caribbean Cement Company, according to general manager Anthony Haynes in discussion with shareholders Thursday...

Published:Friday | August 5, 2011 | 12:00 AM

Cubana Distributors Trading Limited, a new company formed some five months ago by local businessman Roy D'Cambre has ventured into the beverage market with the local distribution of Cuban beer 'Cristal'...

Published:Friday | August 5, 2011 | 12:00 AM

Tax Administration Jamaica (TAJ) is not saying how much taxes go unremitted by the employers targeted under an aggressive collection programme dubbed REAP, but the amount is counted within the J$20 billion...

Published:Friday | August 5, 2011 | 12:00 AM

Jamaica's bankers have drafted their own code of conduct as a self-policing tool that they say was passed to the central bank for review late last year after a public pushback on expensive transaction fees hit...

Published:Thursday | August 4, 2011 | 12:00 AM

The Trinidad and Tobago government has called on citizens to choose their country over self-interest.In a full page advertisement targeting the trade unions planning a national strike, the Persad-Bissessar administration said that as it seeks to chart...

Published:Thursday | August 4, 2011 | 12:00 AM

THE NATIONAL Contracts Commission (NCC) has approved the purchase of US$182,000 (J$15.5 million) worth of meteorological instruments for the conducting of wind resource assessment in Jamaica.Wigton Wind Farm Limited, the state-owned producers of wind...

Published:Thursday | August 4, 2011 | 12:00 AM

Research In Motion Limited yesterday unveiled five new BlackBerry phones with touch screens, as it hopes to revive the line's dwindling appeal in the face of competition from the iPhone and Android smartphones.The new phones had been expected earlier...

Published:Thursday | August 4, 2011 | 12:00 AM

MANDEVILLE, Manchester: THE CLOSURE of the West Indies Aluminium Company (Windalco) Kirkvine works in Manchester on March 31, 2010 brought sadness, despair and hopelessness. It affected many persons, from the employees and their families to persons dependent...

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