Business

The Bahamas government says it will not consider new oil exploration or drilling applications for the vast archipelago's waters until a "very stringent" environmental framework is put in place. The environment ministry will also review existing licences...

West Indies Home Contractors (WIHCON) will be investing close to J$1 billion on two residential developments in Mona, with an eye on the homebuyer market segment for professionals and entrepreneurs. The developer last...

NORTH WEST Clarendon member of parliament (MP) Michael Stern has blamed a lack of funding for foot-dragging on the construction of a new market in Spaldings, which lies on the Clarendon-Manchester border...

United States Federal Reserve officials signalled at their August meeting that they would consider going beyond a modest program to purchase government debt if necessary to boost the US economy. Minutes of the Fed's discussions from the August 10 meeting...

Political opponents of the Stephen King administration say St Lucia could end up losing control of 500 acres of land after the collapse of an agreement for the construction of a luxury hotel on the island....

The Caribbean region's largest rice producer says it will start selling the grain to Venezuela. Guyana expects to sell 70,000 tons (64,000 metric tonnes) of rice to its South American neighbour.

A mandatory requirement for the production of a taxpayer registration number (TRN) by persons doing money transfer transactions took effect this summer, three years late.A central bank official says the measure...

A merged entity which could be responsible for doling out more than J$8.4 billion a year in financing to micro, small, medium and large businesses is getting the thumbs up from exporters and small entrepreneurs...

The International Air Transport Association has said 47 major carriers it monitors to assess the industry's financial health reported a net profit of US$3.9 billion in the second quarter.

Cuba has begun allowing foreign investors to lease government land for up to 99 years, a step toward a future that could be filled with golf courses ringed by luxury villas, beachfront timeshares and vacation homes for well-heeled tourists....

Jamaica Producers (JP) Group Limited reported flat sales and operating profit in the second quarter ending July 3, covering 13 weeks of operation, but was flush at the bottom line due to a one-off gain...

Japan's government and the central bank threw the economy a double lifeline Monday, seeking to contain a strong yen and revive a faltering recovery. To boost liquidity, the central bank unveiled a new six-month low-interest loan programme to financial...