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Business

Published:Wednesday | January 19, 2011 | 12:00 AM

Moving to alleviate an acute power shortage in Haiti, a new 30-megawatt plant was commissioned January 12 in the capital, on the first anniversary of the earthquake.The plant was a US$57-million project, according...

Published:Wednesday | January 19, 2011 | 12:00 AM

The Guyanese government Monday presented a GUY$161.4 billion (US$7.9 billion) budget to the National Assembly providing a series of tax relief for individuals and businesses, as well as increases in pensions and public assistance."Budget 2011 makes...

Published:Wednesday | January 19, 2011 | 12:00 AM

Venezuela's opposition reacted warily to a call for conciliation from President Hugo Chavez, saying the socialist leader has spent years in office disparaging them as "bandits" and repeatedly stating that reconciliation was impossible.

Published:Wednesday | January 19, 2011 | 12:00 AM

Guyana says it will seek advice from oil-rich Trinidad and Tobago to help develop its fledgling energy sector as the country moves to drill its first offshore well within months.A government statement said that President Bharrat Jagdeo remains confident...

Published:Wednesday | January 19, 2011 | 12:00 AM

EX-IM Bank Jamaica on Tuesday urged Jamaican producers to begin retrofitting their operations for energy efficiency to contain costs, as oil prices climb on the world market.Crude sold for more than US$91 per barrel Tuesday and is forecast to hit...

Published:Wednesday | January 19, 2011 | 12:00 AM

George Nicholas III is not willing to say just yet whether the Air Aamaica acquisition by Trinidad and Tobago was a good investment.He prefers to wait out a three-year timeline for the relaunched carrier to pay back its new...

Published:Wednesday | January 19, 2011 | 12:00 AM

Dr Ralph Gonsalves, prime minister of St Vincent and the Grenadines, is warning that failure to resolve the rescue of British American Insurance Company could hurt his government and CARICOM.The process has been slowed by leadership changes in Barbados...

Published:Wednesday | January 19, 2011 | 12:00 AM

The National Health Fund (NHF) is partnering with Guardian Life Limited to coordinate benefits for the holders of their respective health-insurance cards under a plan for more efficient processing of transactions, the second of its kind in two years. ...

Published:Wednesday | January 19, 2011 | 12:00 AM

Andrew Pairman, the sole owner of Intelligent Multimedia Limited (IML) will seek to raise up to $150 million on the private equity market by offering investors a chance to buy 25 to 40 per cent of the video board advertising company....

Published:Wednesday | January 19, 2011 | 12:00 AM

NEM Insurance Jamaica Limited is this year looking for continued growth in its property and liability insurance business segments that showed strong performance in 2010, to make up for falling returns from the company's...

Published:Wednesday | January 19, 2011 | 12:00 AM

Trinidad Cement Limited (TCL) said Monday that it will cease paying its debts until a new turnaround plan is crafted and agreed to by lenders and investors in the company.Markets in Jamaica and Trinidad shrugged off the news.The cement group says a...

Published:Tuesday | January 18, 2011 | 12:00 AM

On her 60th birthday, on February 19 this year, Brigitte Ann Foreman will bid farewell to the Jamaica Customs Department, a journey that began when she was only 19.The most memorable year of her career was 1991 when she was sworn in as the first liaison customs officer ...

Published:Tuesday | January 18, 2011 | 12:00 AM

Chief executive Officer of Apple Inc Steve Jobs is taking his second medical leave of absence in two years, raising serious questions about his health and the leadership of a company at the forefront of a personal computing revolution....

Published:Tuesday | January 18, 2011 | 12:00 AM

Cuba said Sunday that the Obama Administration's decision to lift some travel restrictions on students, academics and religious groups and make it easier for Americans to send money were positive steps, but not nearly enough while Washington maintains...

Published:Tuesday | January 18, 2011 | 12:00 AM

A former Swiss banker on Monday supplied documents to WikiLeaks that he alleges detail attempts by wealthy business leaders and lawmakers to evade tax payments.Rudolf Elmer, an ex-employee of Swiss-based Bank Julius Baer, said there were 2,000 account...

Published:Monday | January 17, 2011 | 12:00 AM

Deputy Prime Minister Dr Kenneth Baugh left for Geneva, Switzerland, on Friday for the World Trade Organisation's (WTO) Trade Policy Review scheduled for next week.The two-day review, starting tomorrow, will be Jamaica's third review in 16 years, since...

Published:Monday | January 17, 2011 | 12:00 AM

Furniture which had been removed from the Trustee in Bankruptcy's office in New Kingston on Thursday by a St Thomas bailiff and his team seeking to recover nearly $9 million allegedly owed by Cash Plus Group Ltd, have been returned...

Published:Monday | January 17, 2011 | 12:00 AM

WESTERN BUREAU: The Jamaica Hotel and Tourist Association (JHTA) is hailing the resumption of direct service by the island's flagship carrier, Air Jamaica, as instant branding for the island, guaranteeing that healthy...

Published:Monday | January 17, 2011 | 12:00 AM

DETECTIVES FROM the Organised Crime Investigation Division (OCID) have arrested four men for breaches of the Cybercrimes Act. The men, who are from western Jamaica, have also been charged with conspiracy to defraud, uttering forged documents, larceny ...

Published:Monday | January 17, 2011 | 12:00 AM

Much attention is being given to Jamaican tourism once again! But without the right strategies and tools, tourism will fail. Godly revelation is the only way to ensure longevity and prosperity in this area...

Published:Sunday | January 16, 2011 | 12:00 AM

Dr Paul Rhodes, a retired Washington internist of Jewish heritage, has made Portland his home and the base of operations for his post-retirement career.

Published:Sunday | January 16, 2011 | 12:00 AM

Question: A Nissan motor truck heading towards Eastwood Park Road and a Honda motor car were travelling in opposite directions along Westminster Road.

Published:Sunday | January 16, 2011 | 12:00 AM

Gordon 'Butch' Stewart has agreed to surrender his 33 per cent stake in the management company for Sandals Whitehouse for US$1, but will then buy the hotel property outright from the Government in a deal that prices the resort at US$40 million (J$3.4 billion).

Published:Sunday | January 16, 2011 | 12:00 AM

Owners of the 521 unregistered strata properties in Jamaica have been notified that they are liable for prosecution, effective the end of January, by Chief Executive Officer of the Commission of Strata Corporations Sandra Watson.

Published:Sunday | January 16, 2011 | 12:00 AM

The International Monetary Fund (IMF) last Friday completed the third review of Jamaica's economic performance under the standby arrangement (SBA) and approved the immediate disbursement of US$49.3 million.

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