Business

A TAX audit of Pegasus Hotels of Jamaica has found that the company did not pay over income tax on gratuity and allowances for workers for four years, negatively affecting the company's retained earnings by some J$37...

THE TOP two technocrats that interface between Jamaica and the International Monetary Fund (IMF) are backing the Golding administration's moves toward a pro-growth programme, a direction that implies some amount of new spending...

A showdown looming, Defence Secretary Robert Gates urged the United States Congress to cancel a costly alternative engine for the Pentagon's next-generation fighter jet Wednesday, and vowed to explore "all available legal options" to stop production ...

TRELAWNY, Falmouth: AS ROYAL Caribbean's Voyager of the Seas cruise ship makes its maiden call to Falmouth this morning, residents of the historic town are anticipating its arrival.The last cruise ship left the Falmouth...

World Bank President Robert Zoellick says global food prices have hit "dangerous levels" that could contribute to political instability, push millions of people into poverty and raise the cost of groceries.

The Guyana Sugar Corporation (GUYSUCO) has signed an agreement with the Guyana Agricultural and General Workers Union (GAWU) that could result in more than 1,500 workers benefiting financially under an annual production incentive scheme.Union officials...

The parent company of the New York Stock Exchange said Tuesday that it agreed to be acquired by the operator of the Frankfurt stock exchange in a deal that will create the world's largest financial markets company....

St Lucia's Tourism Minister Allan Chastanet is due in Trinidad and Tobago on Friday for talks with officials of Caribbean Airlines Limited (CAL) on increasing the number of airline seats and the increased cost of travel across the region....

Glen Beache, chief executive officer of the St Vincent and the Grenadines Tourism Authority (SVGTA), says the government plans to commission its new Argyle International Airport in early 2013. Beache, the tourism minister in the former Unity Labour Party...

Bank of Jamaica governor Brian Wynter says prices will likely moderate in the March quarter and is forecasting inflation of one to two per cent, and that the fiscal year outcome will fall within ...

UC Rusal, the largest owner of bauxite/alumina assets in Jamaica, says it will spend as much as US$17.5 million (J$1.5b) to recommission its Windalco-Kirkvine Works Plant, which will restart production on July 1 after a two-year shutdown....

HAVING INVESTED US$170 million in the construction of the new cruise port in Falmouth, Charly McDonald, a director at Royal Caribbean International, believes his employers have shown tremendous commitment and belief...