Venezuela's Central Bank said Monday it will allow businesses to obtain up to US$4.2 million a year by trading currency through the country's bond market.
Nearly a quarter million Cuban workers are discovering there's no such thing as a free lunch.The government is dramatically expanding a programme that shuts workplace cafeterias while giving people stipends to buy food on their own.It is part of a...
Retail grocery chain Hi-Lo Food Stores will enter Portmore, St Catherine later this year, with plans to commission its first store by yearend.The GraceKennedy-owned subsidiary has not revealed the exact location of the new...
Jamaican Teas Limited, formerly Tetley Tea Company Jamaica Limited, is seeking J$98 million of equity capital when it open its offer of 29.4 million shares on Thursday, June 17.In the prospectus posted last Thursday on the Jamaica Stock Exchange...
Lawyers from one of the three firms defending R. Allen Stanford in his civil case have asked a judge to let them drop the jailed Texas financier as a client.
Venezuela's government said Monday it is taking over management of a private bank after discovering serious financial problems.The bank's owner condemned the takeover as political retribution against him and the critical TV station he helped found.
China boosted its holdings of United States Treasury debt for the second straight month as total foreign holdings of US government debt increased.That development should help ease concerns that lagging...
Farmers, now unable to produce in large volumes because of unstable markets, should soon have access to new selling points designed solely for them and targeted at small hoteliers and others in the tourism trade who need...
Taiwan and China have agreed on the structure and content for a landmark trade deal that could bring about the closest relations between the longtime rivals since their split amid civil war in 1949.
I am a director and shareholder in a small company in Jamaica. The company has made a decision to increase sales by looking to expand in the UK market. This would necessitate my travelling to the UK to facilitate this venture. What would I need to do to conduct business in the UK?
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.
