After more than two years of aggressively promoting LNG as the fuel of choice to power Jamaica's economy into the future, the Jamaican authorities do not yet have a definitive...
The insurance brokerage owned by Jamaica's credit unions has rebranded itself and says that it is now aggressively canvassing its parent entities for new business to drive growth and profit."We are positioning ourselves...
MOTORISTS WHO have failed to pay traffic fines over an extended period owe the Government a sum total of $3 billion.Prime Minister Bruce Golding told Parliament yesterday that the Inland Revenue Department had not...
NEW YORK (AP):Stocks slipped yesterday, threatening to break a seven-day streak of gains for the Dow Jones industrial average.Major indexes fell after the head of the United States central bank said that he expects unemployment to remain high for...
The police have issued and advisory urging members of the public to follow simple but necessary procedures to better identify and protect their cellular phones and laptops if they are ever stolen and/or recovered by the authorities.
VALENTINE'S DAY is just around the corner and these are the moments when love flourishes or perishes, depending on the amount of money you spend on your valentine. If you have someone in your life that is special to you...
At least one commercial bank is reporting a reduction in losses in credit-debit card fraud with the other major banks refusing to divulge if there has been any reduction.The National Commercial Bank (NCB) is reporting as much as a 68 per cent reduction...
After its roller-coaster operation of recent years, that has included family feuds, closure of several stores and an aggressive foray into the controversial cash-for-gold business, Steve Khemlani said the family retail...
Over the past two years, Jamaica's credit unions increased their stock of outstanding loans by approximately 10 per cent, but hiked their provision for bad debt by 78 per cent, reflecting the trend of people's inability...
Despite reporting a loss on its investment in Bay City Foods Limited, Jamaica Teas is upbeat about its future performance, banking on continued strong results from its tea business as well as JRG Shoppers Delite to offset the losses."We are starting...
Mobile giant Digicel has acquired controlling interests in Nextar Technologies, the leading systems integrator in the Caribbean region, after taking a 51 per cent stake in the Puerto Rico-based firm.The Denis O'Brien-owned firm would not reveal how much...
The Jamaica Public Service (JPS) is on the hunt for a new director of external affairs to replace Frank 'Tony' Ray, who goes into retirement by the second quarter of this year, but will 'retain a link' with the...
Sagicor Financial Corporation (SFC), parent company of Sagicor Life Jamaica on Monday announced that it is in discussion with International Finance Corporation (IFC), to invest up to US$100 million in the company. It was not immediately clear what stake...
Promigas, the Colombian gas pipeline company, says that it will remain part of a consortium with which the government is negotiating to build a liquefied natural gas (LNG)...
WASHINGTON (CMC):The International Monetary Fund (IMF) says economic activity in Trinidad and Tobago "remains weak" and that the near-term outlook is "affected by uncertainty".
Q: I am living in the Kingston 4 area and am 20 years old.I attended the Excelsior High School and Excelsior Community College. My reason for writing you is to ask, why is a job so hard to find?
BEIJING (AP):China's central bank raised interest rates for the second time in just over a month in a bid to dampen high inflation and guide blistering economic growth to a sustainable level.The People's Bank of China announced yesterday on its website...
The GSB Cooperative Credit Union Limited has indicated that its recent tender for a new loan-administration system is one of several measures intended to improve efficiency and profitability post-JDX. The government debt-switching exercise in January...
ST JOHN'S, Antigua (CMC): The High Court has ordered that 400 former employees of the Stanford Financial Group (SFG) be paid their retirement funds by the Eastern Caribbean Amalgamated Bank (ECAB), which was formerly owned by disgraced financier Allen Stanford...
Customs Week, celebrated this year under the theme 'Knowledge: A Catalyst for Customs Excellence', saw members of the public as well as stakeholders in trade being exposed to the operations of the Customs Department....
All eyes are watching the happenings taking place in the Middle East, particularly in Egypt! Egypt, Ethiopia and Libya are critical in the end time in the area of...
In its thrust for a more financially literate society, the Financial Services Commission (FSC) is offering financial lessons in schools to educate students about their rights and...
Secretary Manager of the Cocoa Industry Board, Steven Watson, wants more persons to invest in the product so as to ensure its viability and sustainability within the agricultural sector"The industry needs investments to grow; investment in farms,...
The Development Bank of Jamaica (DBJ) has embarked on a three-pronged initiative to promote its small and medium-sized enterprises (SME) energy-loan facility, which is financed by the PetroCaribe Fund. The initiative, to be undertaken over a 24-month...
