Jamaica Business News

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Updated: 3 hours 31 min ago

Butch's private paradise

5 hours 34 min ago
On Sandals Resorts International's website, the hotel group touts five brands, two of which relate to at least nine villa holdings, at least three of which are the private property of the company's founder and chairman that have been opened up to...

EXIM offers trade insurance to explorers of new markets - Covers commercial and political risk

5 hours 34 min ago
EXIM Bank Jamaica is moving to double growth in its trade credit insurance portfolio with an offer of coverage for local producers as they enter into non-traditional markets including South America, chief officer for credit Charles Lewis indicated...

Barbados green lights CWC, Columbus merger conditionally

5 hours 34 min ago
The Fair Trading Commission of Barbados (FTC) Friday gave conditional approval for Cable and Wireless Communications Plc (CWC) to acquire Columbus International.The companies mainly operate under the brand names of LIME and Flow, respectively.In a...

How to save profitably

5 hours 34 min ago
QUESTION:I am seeking advice on how to save. I currently save with a credit union, earning an interest of 6.0 per cent compounded monthly, but should I also have a USD (United States dollars ) savings account? The way I see it is, what I would pay...

Male and under-30 - Is the risk overblown?

5 hours 34 min ago
QUESTION:Can you recommend some insurers who may be willing to insure my 22-year old son at a reasonable cost? He is a full-time student at a tertiary institution, who got his driver's licence four years ago. Since then, he has been driving without...

Your worst nightmare: Employee who won't accept responsibility

5 hours 34 min ago
What should you do with a colleague, employee or boss who fails to accept responsibility?It's an awful realisation. Suddenly, someone you work with shows you his true colours when placed under pressure. In a desperate attempt to avoid blame and...

The Russian presence in the Caribbean

5 hours 34 min ago
Over the last five years, Russian interest in the Caribbean has been growing steadily; so that today Moscow's diplomatic profile and its economic presence in a number of Caribbean nations is now stronger than at any time since the end of the Cold...

Central bank announces resolution plan for CLICO

March 28, 2015 - 12:00am
The Central Bank of Trinidad and Tobago Friday said it had instituted a five-point plan that would result in billions of dollars being used to settle the outstanding debts owed by Colonial Life Insurance Company (CLICO). “Central Bank CLICO...

Fish back proves Gov't is out of touch

March 27, 2015 - 12:00am
Even some ardent detractors have had to call it a reasoned, empathetic and statesmanlike Budget speech that was presented by Opposition Leader Andrew Holness on March 19.He introduced many government MPs - maybe all, including the prime minister -...

Mexico: Time for something new

March 27, 2015 - 12:00am
Mexico is the unsung hero of Latin America. It was not the beneficiary of any catchy acronyms or marketing campaigns.Even though it is an important producer of raw materials, the commodity boom came and left without much of an effect on the economy....

Master developer sought as partner for Caymanas project

March 27, 2015 - 12:00am
The Ministry of Industry, Investment and Commerce is searching for a consultant to conduct a feasibility study on the Caymanas Special Economic Zone (CSEZ), at the same time that it has launched a search for a master developer for the 1,700-acre...

Movements

March 27, 2015 - 12:00am
Salada gets new chairmanCoffee-processing company Salada Foods Jamaica Limited says John Bell has resigned as director and chairman of the company's board, effective March 5.He was replaced immediately by Patrick Williams as chairman.Kathryn Lewis...

HJ Heinz buying Kraft, building US$28b food giant

March 26, 2015 - 12:00am
H.J. Heinz Company is buying Kraft Foods, creating one of the largest food and beverage companies in the world with annual revenue of about US$28 billion.The Kraft Heinz Company will own Kraft, Heinz, Oscar Mayer, Ore-Ida and large stable of other...

Morris: Despite depreciation Jamaican dollar still overvalued

March 25, 2015 - 12:00am
The value of the Jamaican currency against its US dollar is expected to continue to slide for the rest of the year albeit at a slower rate, according to strategists at Scotia Investments Jamaica Limited.

Jamaica poised to earn a Grade A

March 25, 2015 - 12:00am
Jamaica is expected to earn a Grade A for Budget credibility for fiscal year 2014-15 under the Public Expenditure and Financial Accountability Framework (PEFA), a standard established by the European Union to assess a country's actual domestic...

Passing IMF tests yields direct benefits - Phillips

March 25, 2015 - 12:00am
Finance and Planning Minister Dr Peter Phillips has rubbished claims that the International Monetary Fund's (IMF) endorsement of the Government's management of the economy, evident in the approval of quarterly performance targets, was...

Venezuela to probe suspected corruption in offshore holdings

March 25, 2015 - 12:00am
CARACAS, Venezuela (AP): Venezuela is launching a probe into large offshore bank deposits amid a spate of reports that at least US$2 billion was siphoned off by corrupt, top-level officials at state-run oil company PDVSA.

Petrojam future uncertain as Mahfood, Paulwell suggest lifting CET on petroleum products

March 25, 2015 - 12:00am
Energy Minister Phillip Paulwell has joined Private Sector Organisation of Jamaica (PSOJ) President William Mahfood in calling for a review of the pricing arrangements under which Jamaica imports refined petroleum products from Trinidad.Both suggest...

CMA CGM gets concession for KCT

March 25, 2015 - 12:00am
The consortium of French shipping group CMA CGM and its port terminals subsidiary, Terminal Link, has been selected for a long-term concession to finance, expand, operate and transfer Jamaica's main seaport, Kingston Container Terminal (KCT).Prime...

Energy projects to deliver electricity at 12.9 US cents

March 25, 2015 - 12:00am
Minister of Science, Technology, Energy and Mining Phillip Paulwell says the Government has been presented with three alternative fuel choices for the retrofitting of the combined-cycle plant at Bogue.At the same time, he said two other energy...