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Business

Published:Friday | November 12, 2010 | 12:00 AM

A strong sense of pessimism shrouded the start of an economic summit of rich and emerging economies Thursday, with US President Barack Obama and fellow world leaders arriving in Seoul sharply divided over currency and trade policies....

Published:Friday | November 12, 2010 | 12:00 AM

The local utilities watchdog is preparing to use the big stick of statutory regulations to demand a wide range of disclosure demands on the burgeoning telecommunications that could have the effect of drastically shaking up...

Published:Friday | November 12, 2010 | 12:00 AM

In Georgetown, Guyana, I take a moment to contemplate what I have seen and expe-rienced these last few days. Notions of Guyana on the way to failed statehood, popular among a select group of perhaps insufficiently...

Published:Friday | November 12, 2010 | 12:00 AM

RBC International Banking said this week that it has tapped Suresh Sookoo to head its Caribbean operation.The move would be in line with market expectations, as it formalises an announcement first made two years ago.RBC International is a division...

Published:Friday | November 12, 2010 | 12:00 AM

Karl Samuda is backing efforts of the local bedding sector whose members are lobbying for mattress imports brought in by hoteliers to be stripped of duty-free status, so that Jamaica-made products don't have to compete...

Published:Friday | November 12, 2010 | 12:00 AM

The Jamaican economy has been thrown into a tail-spin by several days of bad weather that affected the island in late September, with the country's central bank this week unveiling a litany of negative economic prognostications...

Published:Friday | November 12, 2010 | 12:00 AM

Jamaica's central bank says it is ready to receive applications for the establishment of credit bureaux, now that the requisite laws and regulations have been passed."The legal framework is now in place and the Bank...

Published:Friday | November 12, 2010 | 12:00 AM

THE EDITOR, Sir:IT IS most unfortunate that the lead story in the Business section of your November 10 edition - both the headline and the lead sentence - asserts as fact that LIME is selling part of its operations to a global telecoms company.While...

Published:Thursday | November 11, 2010 | 12:00 AM

Strong profits on new cars and trucks helped General Motors (GM) Company earn US$2 billion in the third quarter, enhancing the company's appeal as it nears next week's initial public stock offering.The third-quarter earnings of US$1.20 per share nearly...

Published:Thursday | November 11, 2010 | 12:00 AM

Backed by entrepreneur Chris Blackwell, Jamaica will this weekend host its first TED conference, a gathering of innovators, thinkers and academics to explore game-changing ideas and spark debate around science and technology....

Published:Thursday | November 11, 2010 | 12:00 AM

Red Stripe Jamaica is in the hard business of beer and beverages, but now the company is giving reign to its softer side, as dispenser of knowledge and job skills. ...

Published:Wednesday | November 10, 2010 | 12:00 AM

Barita Investments Limited has forged an agreement with international equity trading firm Stock USA, a move which the company said will now provide its local clients with an American equity trading platform while affording the company an opportunity...

Published:Wednesday | November 10, 2010 | 12:00 AM

The International Monetary Fund (IMF) said Tuesday that inflation has surged in Trinidad despite weak economic activity.Inflation hit 6.7 per cent in the first quarter of 2010.Trinidad's economy was battered in 2009 but is now healing, the agency...

Published:Wednesday | November 10, 2010 | 12:00 AM

The European Union (EU) is reviewing whether budgetary support to the Caribbean and other developing countries, according to an official statement issued in Guyana."Budget support is, however, not a blank cheque.

Published:Wednesday | November 10, 2010 | 12:00 AM

The European Union has signalled willingness to help Jamaica fund its bauxite liabilities, after Prime Minister Bruce Golding said on the weekend that he was struggling to identify funds to pay Glencore AG.

Published:Wednesday | November 10, 2010 | 12:00 AM

Remittance flows, which the World Bank described as "the lifeline" of many Latin American economies, is likely to close the year two per cent higher than last year's figures, new estimates show.

Published:Wednesday | November 10, 2010 | 12:00 AM

Congressional investigators announced Monday they will probe whether the United States (US) Food and Drug Administration's office in Puerto Rico has failed to adequately oversee pharmaceutical plants that dot the US island.House Oversight and...

Published:Wednesday | November 10, 2010 | 12:00 AM

Grenada's Foreign Minister Peter David says he has been given the assurance by his counterpart in Trinidad and Tobago that the new Persad-Bissessar administration will honour a boundary delimitation treaty signed between the two countries earlier this...

Published:Wednesday | November 10, 2010 | 12:00 AM

Barbados-based Caribbean Tourism Organisation (CTO) has proposed reforming the controversial air passenger duty (APD) imposed by Britain with a one-rate charge for flights within Europe and another rate applicable to long-haul trips....

Published:Wednesday | November 10, 2010 | 12:00 AM

For people of a certain age, the name 'Pan Am' still strikes a chord.From its birth in 1929 to its demise in 1991, Pan American World Airways was the gold standard in air travel, and Brownsville played a key role,...

Published:Wednesday | November 10, 2010 | 12:00 AM

LIME Jamaica is selling off a piece of the company to a global telecoms company, the company disclosed this week, further clarifying the exploratory talks under way with a global telecoms provider." The company is in the process of exploratory talks...

Published:Wednesday | November 10, 2010 | 12:00 AM

George Roper, former deputy executive director of the Financial Services Commission (FSC), has joined the Scotia Group Jamaica team in a senior capacity as vice-president of compliance operation. Roper's appointment was announced by the bank on Monday...

Published:Wednesday | November 10, 2010 | 12:00 AM

Members of the motor-vehicle trade are hopping mad over the existing rate of import duty on their vehicles coming through the wharves, and they are demanding a new tax regime that will help breathe life back into their depressed businesses.They also...

Published:Wednesday | November 10, 2010 | 12:00 AM

Karl Samuda, minister of industry, investment and commerce, is reporting improvement in cutting bureaucratic delays in his own ministry, but admits he has fallen short of target."I don't think we have been able to reduce in our ministry that whole...

Published:Wednesday | November 10, 2010 | 12:00 AM

Canco Limited, which cans food products under the Linstead Market Jamaica label, is finalising a distribution contract for its products in Canada, which is set to be inked by year...

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