THE ROLLOUT of its new German car dealership will cost ATL Automotives Limited considerably more than announced four months ago. The bill is now estimated at around US$23 million for the development of showrooms and service centres in both Kingston and Montego Bay...
The Betting, Gaming and Lotteries Commission (BGLC) is finalising with Tanny Shirley a deal to purchase the Shirlhome building on Hagley Park Road in Kingston, which it will outfit as its permanent headquarters and centralise operations...
The International Monetary Fund (IMF) board of directors has signed off on a disbursement of SDR 63.7 million or US$93.9 million (J$8.06 billion) to Jamaica, having finalised its review of the country's first test under the standby arrangement signed...
Today's Furniture Limited is locking shop, a casualty of the declining market for high-end furniture that has forced retailers into cutting operations or permanently closing doors. The furniture store at 92C Constant Spring Road is closing down...
TWO YEARS after it changed ownership, the Hilton Kingston hotel is to undergo a name change, again. Delroy Howell, the new owner, has said he is advanced in plans to sever ties with Hilton World-wide...
A Puerto Rican senator has been indicted for allegedly supporting legislation in favour of a private security company in exchange for a trip to Las Vegas to watch a boxing match, authorities said Tuesday.Senator Hector Martinez Maldonado, 41, is accused...
World leaders who addressed a severe economic crisis with an unprecedented show of strength last year are finding it harder to maintain their solidarity in the face of new challenges.Despite US appeals to refrain from removing stimulus measures too...
Brazil's government wants to tighten restrictions on foreign ownership of farm lands in Latin America's biggest country, the Agrarian Development Ministry said Tuesday.Ministry spokeswoman Denise Mantovani confirmed published remarks by Minister...
An international effort to truly limit whale hunting collapsed Wednesday, leaving Japan, Norway and Iceland free to keep killing hundreds of mammals a year, even raiding a marine sanctuary in Antarctic waters unchecked.The breakdown put diplomatic...
Brazil's state-run oil company says it will invest US$224 billion through 2014 and double production by 2020.About 95 per cent of that will be invested in Brazil.Massive offshore oil finds have been discovered near Brazil's coast and some forecast they...
Oil executives sharply criticised United States (US) President Barack Obama's six-month ban on deep-water drilling at a major industry conference Tuesday, saying the world did not have enough other sources of oil to eliminate using deep-sea rigs.
American Airlines is inspecting 56 of its Boeing 767 jets after cracks were detected on at least two planes. American spokesman Tim Wagner said Tuesday the cracks were discovered in the pylons that attach...
Germany's car industry, the backbone of Europe's largest economy, is booming again. Fuelled by the huge appetite for German luxury cars in China and the fact that the plunging euro has made European products cheaper abroad, manufacturers...
CARICOM countries will finally have a voice at a major forum of world leaders that precedes this month's Summit of G20 countries in Toronto.Jamaica and Haiti are among 10 countries...
Dr Denzil Douglas, chairman of the Organisation of Eastern Caribbean States (OECS), says an economic union among member countries should start to take effect early next year, following last Friday's historic signing...
Jamaica College (JC) alumni will tonight pay tribute to two Jamaican businessmen at the association's annual dinner.Michael Campbell, the chairman of Island Car Rentals, and Michael Bernard, managing director of cigarette distributor Carreras Group...
Jamaica Public Service Company Limited has secured a Japanese grant to study whether the Great River in St James has sufficient juice to produce electricity on a commercially viable basis.The river, which runs close to the border of Hanover...
High Court Justice Errol Thomas has ruled in favour of Canadian investor Alexander Fundora to remove the Antigua-appointed Vantis Business Recovery Services from the Stanford case.
FirstCaribbean International Bank Jamaica will cut its prime lending rate by two percentage points effective July 1, lowering it to 18.25 per cent in a move the bank is attributing to the success of the debt swap in February and the performance ...
Six eastern Caribbean countries may well hold the key as to whether or not the 1986 global ban on commercial whaling is overturned, thereby opening up the Southern Ocean Whale Sanctuary around Antarctica to hunting.
Pan Caribbean Financial Services Limited (PCFS) has notified the market that in two weeks, it will move to redeem more than three million preference shares, or exactly half the stock units issued over two years ago when...
Sagicor Life Jamaica has closed the sale of its general insurance business in Cayman Islands to Bahamas First Holdings Limited, but said Friday it continues to maintain a presence in that country through its other holdings....
Concerned about the possibility of bid-rigging and the use of insider information by the former Petroleum Corporation of Jamaica (PCJ) chairman, Ian Moore, the Office of the Contractor General (OCG) yesterday launched an investigation...
Barita Investment Limited is eager to expand its product offering to cauterise the loss of income stemming from Jamaica Debt Exchange (JDX), the strengthening of the Jamaican dollar and the financial sector's move away from heavy reliance on repurchase...
Seaboard Jamaica has been awarded 'Top Shipping Solutions for Exporters, 2009' by the Jamaica Exporters' Association (JEA). The company also won the award between 2002 and 2005.
