Jamaica Business News

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Updated: 4 hours 42 min ago

OUR role reduced, but still kingpin of renewables

October 24, 2014 - 10:02pm
Jamaica's decision to appoint an energy czar has led to changes in the job functions of the Office of Utilities Regulation (OUR), a portion of whose responsibilities have fallen to the Electricity Sector Enterprise Team (ESET).

Movements

October 24, 2014 - 10:02pm
Access appoints 7th director. Access Financial Services board has selected Maureen Vernon to fill the seat created at the microfinancing firm's annual general meeting in September.

KWL US$20m logistics facility breaks ground... To be ready for occupancy Jan 2016

October 24, 2014 - 10:02pm
Kingston Wharves Limited (KWL) will begin construction of its new logistics centre in November, and wrap up the development a year later.

New pension model reduces risk for employer

October 24, 2014 - 10:02pm
A new pension savings model, though not on Jamaica's radar, has piqued the interest of local pension fund managers, who say the rate of payouts under the system are guaranteed but not by the employer.

New superform still a hindrance

October 24, 2014 - 10:02pm
The recently instituted 'superform' at the Companies Office of Jamaica was initiated to cut red tape.

The seeds of demise

October 24, 2014 - 10:02pm
The stagnation of real wages for more than 40 years has been the topic of academic and policy debates.

Snowplough driver says he didn't see Total CEO's jet. Airport management under scrutiny

October 24, 2014 - 10:02pm
The driver of the snowplough that apparently caused the plane carrying the Total CEO to crash at a Moscow airport says he neither saw nor heard the private jet as it sped towards him down the runway in the dark.

Cigarette maker bans smoking at its offices

October 24, 2014 - 10:02pm
Camel cigarette maker Reynolds American Inc is snuffing out smoking in its offices and buildings.

Port union refuses to unload oil ship from Ghana

October 23, 2014 - 8:25pm
The powerful Oilfields Workers' Trade Union (OWTU) prevented its members from unloading a ship from West Africa on Tuesday saying that the state-owned oil company, Petrotrin, had not formulated any protocols to deal with the deadly Ebola virus that has killed nearly 5,000 people in West Africa.

Rules to be eased on mortgage bond risk

October 23, 2014 - 8:25pm
Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrowers will need to make hefty down payments.

Clinker shipments set sail - Dehring now chairman of Caribbean Cement

October 22, 2014 - 8:05pm
Caribbean Cement Company Limited begins supplies of a new 240,000 tonne clinker order from Venezuela this month, an 18-month contract that it is banking on to buffer export revenue for the Rockfort plant.

JPS pursuing new LNG talks, preps Bogue for propane conversion

October 22, 2014 - 8:05pm
The Jamaica Public Service Company (JPS) disclosed that it is now in talks with prospective suppliers of liquid natural gas (LNG) for local use, but reiterated that its earliest use of gas will be propane for the Bogue plant in Montego Bay.

SVL introduces five-minute game

October 22, 2014 - 8:05pm
Supreme Ventures Limited (SVL) has introduced a new game, Money Time, which is drawn every five minutes.

Oil slide checked

October 22, 2014 - 8:05pm
Investors rallied behind an encouraging report on the Chinese economy, halting a slide in oil prices.

IMF again urges US to ratify quota reform

October 22, 2014 - 8:05pm
The International Monetary Fund (IMF) has again urged the United States Congress to ratify quota and governance reforms agreed in 2010 to further strengthen the representation of emerging economies and enhance the participation of low-income countries.

IMF high-level forum on growth starts tomorrow

October 22, 2014 - 8:05pm
The International Monetary Fund (IMF) has noted that Caribbean economies have been slow to recover from the global financial crisis and hence, starting tomorrow, it will host a high-level forum in collaboration with Jamaica's Ministry of Finance and Planning to discuss ways of boosting the economies of the region.

NHF accounts appear stuck in quarantine

October 22, 2014 - 8:05pm
The last available accounts of the National Health Fund (NHF) to the public are for the year ended March 2012.

Facebook sues law firms, claims fraud

October 22, 2014 - 8:05pm
Facebook is suing several law firms that represented a man who claimed he owned half of the social network and was entitled to billions of dollars from the company and its CEO Mark Zuckerberg.

ExIm warns US of export risk from China

October 22, 2014 - 8:05pm
US companies risk losing out in the global export battle as a proliferation of Beijing-based development banks boosts Chinese rivals, a senior Obama administration official has warned.

What Lenovo can teach us about making takeovers work

October 22, 2014 - 8:05pm
If you are wondering where your transformational merger is going wrong, you may want to look in the toilets.