The harsh economic climate over the last year could cost the National Housing Trust (NHT) more than $1.2 billion this fiscal year. A breakdown of this figure shows that interest on investment is expected to decline by $671 million from last year, while employee contribution is projected to be $559 million less than last year.
The Caribbean Tourism Organisation (CTO) says tourist arrivals in the region are on the rebound with aggregate visitors to the wider Caribbean, as gauged by recorded arrivals from 23 of the 33 CTO member countries, increasing by 4.5 per cent so far in 2010.
Associated Manufacturers walked away with the title of Champion Exporter last Wednesday evening at the Jamaica Exporters' Association (JEA) annual awards banquet.
WESTERN BUREAU:Seven months after responding to the calls of domestic travellers, the Tinson Pen-based Airways International - operators of Jamaica Air Shuttle - will spread its wings across the Caribbean.
Hairdresser Roxanna Bailey-Black has had to weather a general business downturn and rising expenses as she has sought to follow her entrepreneurial dreams and commercial instincts...
CARACAS, Venezuela (AP):Venezuelan President Hugo Chávez announced Thursday the end of electricity rationing that has damaged the economy and led to rolling blackouts.The recent arrival of seasonal rains restored output from a crucial hydroelectric dam.
The Hendrickson family-run Sunset Beach Resort and Spa has joined the fight to re-energise the tourism industry to make up for ground lost as a result of the civil unrest in west Kingston recently.
The country's nine holders of conch-harvesting licences are at odds with the Government over what they say has been the failure of the authorities to provide quotas to begin harvesting for the...
BANGKOK (AP):World stock markets rose Friday, buoyed by optimism that the global economy could weather Europe's debt crisis after China's exports surged and US jobless claims fell.Even a dramatic warning from Japan's new prime minister that his country...
WASHINGTON (AP):Americans are pulling back on their spending, a trend that could slow the economic recovery if it continues.A sharp drop in retail sales points to still-wary shoppers and could lead economists to curtail their expectations for...
It seems to me that settling disputes through the courts is a very costly business which can negatively affect a person's financial position, particularly the person against whom the judgement goes.
GeneLeon,senior resident representative of the International Monetary Fund (IMF), has signalled the Fund's willingness to entertain discussions with the Government about the recent civil unrest in west...
Investment promotion when a destination's image is challenged, while difficult, is not impossible, but it calls for a proactive approach both by the government as well as the private sector, Virgilio Barco, executive director of Invest in Bogotá...
WESTERN BUREAU:OCCUPANCY LEVELS in the tourist resorts are down, forward bookings are dismal, and Kingston hotels are reporting declines in business of up to 70 per cent in some cases.
Thirteen years after it changed ownership, the now Hendrickson family-run Sunset Beach Resort and Spa, located on the tip of the Montego Freeport peninsula in Montego Bay, is yet to find...
CGM Gallagher Group, the largest and one of the oldest insurance brokers in the English-speaking Caribbean, formally met clients in St Ann Tuesday evening, who were formerly with Zenith...
In a move that could be a game-changer in the local mobile telephone business, Claro, Jamaica, the most recent entrant in the highly competitive telecoms market, has announced that it will be investing US$300 million, or more than J$26 billion...
Well do we remember the Gun Court, don't we? Red and dread, immediate in impact, it was billed as decisive - one bullet, perhaps even a spent shell in one's car, was visited with a draconian, mandatory sentence.
While many companies continue to tally the investment income decline arising from the Government-imposed bond exchange, at least one listed company, Sagicor Life Jamaica, is highlighting accompanying positives it reaped on its 2009 financials...
Hunting improved efficiency and lower costs, PanCaribbean Financial Services Limited (PCFS) is winding up its asset-management subsidiary, PanCaribbean Asset Management Limited (PCAM), and merging its unit trust management activities into the mainstream...
Principals of residential property developer New Era Homes 2000, Leo Taddeo and Benedetto 'Benny' Persichilli say they are now putting together US$80 million or J$7 billion, possibly with help from the National Housing Trust (NHT), to finance a project...
The recent dismissal by the Telecommunications Appeals Tribunal (TAT) of a challenge which telecoms firm Digicel had mounted against a 2004 declaration by utilities watchdog, the Office of Utilities Regulation (OUR)...
WASHINGTON (AP):The United States trade deficit rose to the highest level in 16 months as exports fell for the second time in three months, a potentially worrisome sign that Europe's debt troubles are beginning to crimp American manufacturers....
ST JOHN'S, Antigua (CMC):Communications giant LIME (formerly Cable & Wireless) has buckled under pressure from the Baldwin Spencer administration, reversing rate increases it had announced earlier this month.LIME announced rate increases...
