Business

The following is an outline of the process used in the divestment of Air Jamaica as provided in a statement from chairman of the Divestment Committee, Dennis Lalor. In an effort to bring clarity to the discussion about the process which was and is being...

Jamaica's consistently low levels of economic growth over the last three decades have baffled even the brightest minds in economics. For a country so blessed with natural resources, good geographical proximity to the largest economy (as measured by GDP) in the world - the USA, a fairly high level of human capital, the economy has not lived up to its potential.

A small Jamaican firm that has made a name for itself providing technology-based solutions for some financial administration problems that plague schools has secured a United States government contract and an undisclosed amount of capital from American billionaire George Soros to transfer its expertise to a problem-plagued school-lunch programme in the West African nation of Ghana.

Following through on the mantra of the GraceKennedy group to grow its core busi-nesses through the introduction of new products and services, the conglomerate's subsidiary banking business, First Global Bank, has placed two new credit cards on the market.

THE OPPOSITION People's National Party (PNP) is demanding answers from the Government regarding how revenue raised from the gas tax is being used.This follows Transport Minister Mike Henry's announcement that the share of the...

In the face of a whopping 485 per cent jump in breach of the rules of the Jamaica Stock Exchange (JSE) over the past two years, and last year's marked 43 per cent upswing in violations over the 2008 figure, market authorities have tightened the screws...

SAN JUAN, Puerto Rico: Insurance company United America Indemnity Ltd has announced it wants to shift its legal home to Ireland from the Cayman Islands, continuing a trend of international companies seeking exits from Caribbean offshore financial...

A reader emailed me. I offer the exchange in its entirety before making a few relevant comments: "Over the years, I have read many of your articles and found them balanced on most issues excepting those issues which relate to the previous PNP...

Despite the challenging circumstances facing economies and businesses around the world, corporate leaders in the Caribbean and Latin America who do business with the United States are upbeat about the future, according to the latest Association of...

Jamaica's appeal judges have overturned a Revenue Court ruling that, barring a government challenge, will lead to the reimbursement of more than $2.27 billion in assessment and penalties that the listed Carreras Limited...

During a press conference on Monday to outline the Jamaica Airline Pilots Association's (JALPA) drive to purchase Air Jamaica, its combative spokesman, Russell Capleton, addressed a roomful of vocal supporters....

ST JOHN'S Antigua (CMC):The Antigua and Barbuda government has signalled its intention to shed state-owned entities, with the signing of a deal for an international broker to lead the process to divest State Insurance Corporation (SIC).The Baldwin...