Jamaica Money Market Brokers Limited (JMMB) said Tuesday that it had amassed subscriptions totalling about two-thirds of the target on the second day of the offer.Marketing Manager Imani Duncan said that applications of some J$1.3 billion had come...
A reported investment by Goldman Sachs and a Russian investor of US$500 million in Facebook is a further sign that the social networking behemoth is becoming a powerful force even outside tech circles, even as the company tries to push off going public...
Oil prices rose to two-year highs Monday, at above US$92 a barrel, sparked by a weaker dollar and renewed optimism that a rebounding United States economy will lead an increase in the global demand for crude.By early afternoon in Europe, benchmark oil...
Scores of basic school children from the Union Gardens Christian Academy were fêted at the annual Christmas treat hosted by Kingston Wharves Limited (KWL) recently. Teachers as well as the school's administrators were also a part of the festivities...
For at least the past two decades, the Government in power has prevented the Jamaica Public Service Company (JPS) from implementing plans developed by the company for investment in a generating plant, despite the company's careful technical and economic analyses....
We have seen the prosperity and fall of individuals and businesses as a result of covenants with other individuals and nations.A covenant is a serious thing spiritually and naturally. It is an agreement that can either bring prosperity or curse....
High up in the top tier of the Trelawny stadium in Jamaica, I sat watching Shaka Hislop, Russell Latapy, Robbie Earle and some other football coaches working with about 100 young boys and girls.
An electronic trading system that will allow for real time simultaneous trading of stocks across Jamaica, Barbados and Trinidad and Tobago stock exchanges is to be launched this month, two decades after it was first mooted.
Last Friday, the final day of trading on the stock market for 2010, the bulls were running, with 10 of 18 stocks on the big board that traded making gains on the previous day.
Carreras Limited welcomed Richard Pandohie (left) as the new managing director of the cigarette distribution company at a reception held to honour Michael Bernard on his retirement.
Will 2011 be the year that the languishing Doha developmentround finally moves forward; or will it mark the point at which the members of the World Trade Organization (WTO) quietly accept that negotiating a single global undertaking on trade liberalisation is unlikely in the foreseeable future?
The Trinidad and Tobago government has given the greenlight for Caribbean Airlines Limited (CAL) to spend US$200 million on purchasing nine aircraft from the French manufacturer ATR, ending weeks of disagreement between the Transport and Works Minister Austin Jack Warner and the airline's board.
FirstCaribbean International Bank Jamaica has slapped huge increases on a range of transactions effective New Year's Day, closing some of the gap between the big- two banks for which fees and commissions are a multibillion-dollar business.
The recent trend of mergers and acquisitions in the credit union movement seems set to continue into next year, with members of Communications and other Workers of Jamaica Co-operative Credit Union Limited (C&WJCCU) to be asked next week to approve the entity's second acquisition in as many months.
CARICOM leaders will huddle over three days on what Haiti needs to propel its recovery agenda, which they will then pass on to a presidential commission whose job it is to set the work agenda.
Weeks after St Lucia's Tourism Minister Allen Chastanet denied that CARICOM Airways was operating illegally, the Eastern Caribbean Civil Aviation Authority (ECCAA) has ordered the carrier to discontinue operations immediately within the Organisation...
Red Stripe Jamaica says it has shuffled its spirits portfolio to ensure the top brands it distributes on behalf of parent Diageo Plc get dedicated focus in a pitch for new market share as its core business falters.
Ashtrom Building Systems Limited, an Israeli-owned construction company, has landed a J$1.2-billion contract from the National Housing Trust (NHT) to construct houses in Hellshire, St Catherine.The new job represents the fourth phase...
A year ago, in the aftermath of the worst recession in 80 years, I was optimistic about Latin America's significant economic transformation. For the first time ever, an international financial crisis had not thrown the region into a tailspin.
Soundings from the international oil markets portend renewed pressures on the Jamaican economy from rising oil prices. Indeed, experts who monitor global commodity markets are warning that the price of oil could reach US$100 per barrel in 2011...
Plopping her swollen ankles upon a purple couch, 72-year-old Dilma de Lima exults in the new government-built apartment she now calls home after a lifetime of misery in Brazil's slums...
Guyana exported 320,000 tonnes of rice this year from record production of 360,000 tonnes. Agriculture Minister Robert Persaud said the sector had performed beyond expectations...
Kevin HendRickson, through his company, Quivin Holdings Limited, has made an offer to minority shareholders in Pegasus Hotels of Jamaica Limited to buy up all outstanding shares, as mandated by stock exchange rules.Quivin acquired 59.81 per cent...
