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Business

Published:Friday | March 18, 2011 | 12:00 AM

Japan's central bank sprayed more cash over jittery money markets Thursday as a major bank's ATMs suffered a two and a half hour outage nationwide and the yen shot to a record high.

Published:Friday | March 18, 2011 | 12:00 AM

Oil prices climbed back above US$100 per barrel at midday Thursday after a crackdown on protesters in Bahrain increased concerns that unrest there threatens to spread to OPEC heavyweights Saudi Arabia and Iran.

Published:Thursday | March 17, 2011 | 12:00 AM

Despite a three per cent decline in revenues, The Gleaner Company Limited has reported a creditable performance for the financial year ending December 2010.Profit before tax for the year amounted to $621 million, with a one-off gain of approximately...

Published:Thursday | March 17, 2011 | 12:00 AM

JSM Wireless UK, a leading global supplier of financial information software, yesterday announced an agreement with Digicel, the leading mobile network operator in the Caribbean, Central America and the Pacific, to launch its financial application on...

Published:Thursday | March 17, 2011 | 12:00 AM

FINANCIAL SECRETARY Dr Wesley Hughes yesterday rejected speculation that the reduction in the size of the 2010-2011 Budget is a result of directives from the International Monetary Fund (IMF).Central Kingston Member of Parliament Ronald Thwaites...

Published:Wednesday | March 16, 2011 | 12:00 AM

I frequently receive emails from readers who express deep dissatisfaction with their jobs, but who see no way out but to 'grin and bear it'. These correspondences invariably come with a 'do not publish' directive. This is understandable since no one wants to risk...

Published:Wednesday | March 16, 2011 | 12:00 AM

The Federal Reserve offered its most optimistic view of the US economy since the recession ended, even as Japan's nuclear crisis stoked new worries around the globe.The economic recovery is on "firmer footing" and the jobs market is "improving...

Published:Wednesday | March 16, 2011 | 12:00 AM

Energy prices are tumbling to the lowest levels this month as world markets react to a growing crisis in Japan.Dangerous levels of radiation have been reported leaking from a crippled nuclear plant in the northeastern part of Japan, and analysts say the...

Published:Wednesday | March 16, 2011 | 12:00 AM

National Security Minister Dr Errol Cort has responded to reports of a civil suit filed against him in connection with money allegedly received from disgraced financier Allen Stanford who is facing multi-billion-dollar fraud-related charges...

Published:Wednesday | March 16, 2011 | 12:00 AM

President of the Caribbean Hotel and Tourism Association (CHTA), Josef Forstmayr, Monday said his organisation had been very supportive of the Economic Partnership Agreement (EPA) signed between Europe and the Caribbean Forum countries because...

Published:Wednesday | March 16, 2011 | 12:00 AM

Construction of Jamaica's second cement-production plant is expected to begin within the next three months if Canadian engineering firm Cemcorp gets the approval of the National Environment and Planning Agency (NEPA)...

Published:Wednesday | March 16, 2011 | 12:00 AM

A decline in business has led to the closure of a branch of COK Sodality Co-operative Credit Union in St Andrew.

Published:Wednesday | March 16, 2011 | 12:00 AM

More than one million persons in rural Jamaica are now able to access wireless Internet service from Dekal Wireless Jamaica following the completion of phase two of the company's islandwide build out of their Super WiFi broadband network....

Published:Wednesday | March 16, 2011 | 12:00 AM

The Government will be extending the Urban Renewal Tax Relief Act to cover the old industrial belt between Three Miles and Six Miles in Kingston to spur business activities in that area....

Published:Wednesday | March 16, 2011 | 12:00 AM

Red Stripe, sole brewers and bottlers of beer in Jamaica, has inked a deal with the Hussey family-owned Everglades Farms to be the exclusive distributor for Hampden Estate's first-ever bottled rum for the local...

Published:Wednesday | March 16, 2011 | 12:00 AM

Jamaica says it fears that the decision by the European Union (EU) to bring aviation into its Emissions Trading System will start a process that will see increasing levels of environmental taxes levied on aviation before any global approach ...

Published:Wednesday | March 16, 2011 | 12:00 AM

The European Union (EU)-funded effort to rehabilitate 2,000 acres of previously neglected local land for increased cocoa production is 60 per cent completed and is expected to meet the project-termination deadline...

Published:Tuesday | March 15, 2011 | 12:00 AM

Japan's devastating earthquake and tsunami may cost the global insurance industry as much as US$60 billion, which would make the disaster the most expensive ever behind Hurricane Katrina, according to early...

Published:Tuesday | March 15, 2011 | 12:00 AM

A domestic political spat over Portugal's austerity policies threatened Monday to derail progress on resolving the debt-laden country's financial woes and could spell the minority government's downfall.Market pressure on Portugal, viewed as at risk of...

Published:Tuesday | March 15, 2011 | 12:00 AM

Kingston Wharves Limited (KWL), in expressing its gratitude to the Jamaica Customs Department for its cooperation over the Christmas season, honoured members of the department who played a vital role in improving the clearance of cargo for customers...

Published:Monday | March 14, 2011 | 12:00 AM

Daraine Luton, Senior Staff Reporter Carib Cement Company Limited (CCCL), benefited from a $28.4 million general consumption tax (GCT) break in December 2010, despite the freeze on discretionary waivers imposed by the Ministry of Finance.The cement...

Published:Monday | March 14, 2011 | 12:00 AM

As the nation experiences the continued disintegration of core values and principles that makes a nation strong, it is becoming clearer that what is needed is good mentors for those coming up to emulate and bring the nation back to where it was...

Published:Sunday | March 13, 2011 | 12:00 AM

Karl Samuda, minister of industry, investment and commerce, has sought to allay fears of manufactures and exporters who warned last week that tens of thousands of jobs could be lost if the Government presses ahead with plans to eliminate the Modernisation of Industry programme (MoI).

Published:Sunday | March 13, 2011 | 12:00 AM

In October 2010, another car hit mine at a four-way stop at about 5:30 p.m. The other driver appeared to have been distracted and went through the stop sign while my car was already in the intersection. I sounded my car horn to no avail. Damage to my car was to the front fender, behind the front tire, and the driver's door. The other vehicle sustained damage to its front.

Published:Sunday | March 13, 2011 | 12:00 AM

Albert Jonas, a craftsman who assembles handcraft items in Irish Town, St Andrew, says he is about to become a homeless man if he doesn't clear a $2.57 million debt owed to the Jamaican Redevelopment Foundation Inc (JRF).

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