Jamaica Business News

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Updated: 17 hours 49 min ago

RURAL EXPRESS - Jamaica Sustainable Farm Enterprise to develop organic farming

November 22, 2014 - 4:50pm
MORE AND more, people all over the world are eating less cultivated food that has been nourished by man-made fertilisers. Their main concern is that the consumption of the said food contributes to ill-health, and eventually death.

RURAL EXPRESS - Shirley Butler farming for life

November 22, 2014 - 4:50pm
FIFTY-FIVE-year-old farmer Shirley Butler has been selling agricultural produce in the Spanish Town market for 35 years and is reputed to be one of the longest serving vendors in that facility.

Safety agency to push for bigger airbag recall

November 20, 2014 - 11:45pm
The federal government is demanding that the auto industry recall millions of additional cars equipped with faulty airbags that can injure and even kill a driver.

First Global on the front line

November 20, 2014 - 11:45pm
First Global Bank (FGB) believes strongly in giving back to the communities in which it operates, and its flagship corporate social responsibility programme, 'Music - Perfect Pitch for a Sound Education', targets primary schools in Kingston, Mandeville and Montego Bay, the areas where its branches are located.

Pan-Jam and partner buying Oceana hotel

November 19, 2014 - 11:07pm
The Urban Development Corporation (UDC) has inked a deal for the sale of the Oceana Hotel to a Canadian/Jamaican consortium for $385 million.

CWC overpaid for Columbus by US$1b, says Digicel

November 19, 2014 - 11:07pm
Smarting from comments that it was motivated by sour grapes, Digicel Group is doubling down on its plan to push for aggressive review of the pending CWC/Columbus International tie-up Tuesday, even as it alleged that its British rival negotiated a bad deal.

JPS recruits poverty agency to fight electricity theft

November 19, 2014 - 11:07pm
Jamaica Public Service Company Limited (JPS) is spending $30 million on a one-year pilot to regularise electricity connections in seven low-income communities in the capital.

DBJ recommended Government acquire Outameni property

November 19, 2014 - 11:07pm
Development Bank of Jamaica (DBJ) has confirmed information to Wednesday Business that two years ago it recommended that either the National Housing Trust or the Urban Development Corporation should acquire the Orange Grove property housing Outameni Experience.

Jamaican economy contracted in September quarter, says BOJ

November 19, 2014 - 11:07pm
After four consecutive quarters of growth, the Jamaican economy is estimated to have contracted in the September 2014 quarter, largely due to the impact of drought on agricultural crops and production of water, said Brian Wynter, governor of the Bank of Jamaica (BOJ).

Reduce bureaucracy to make business friendlier - IMF

November 19, 2014 - 11:07pm
A team which undertook the sixth review of Jamaica's economic support programme with the International Monetary Fund (IMF) has reemphasised the need for the government to reduce bureaucracy to create a more business-friendly public sector.

Bob Marley: Marlboro Man of marijuana?

November 19, 2014 - 11:07pm
Privateer Holdings, a Seattle-based private equity firm that invests in the marijuana industry, has struck a deal with the estate of the Jamaican reggae star to launch a global cannabis brand.

Facebook takes on tech giants with social network for the workplace

November 19, 2014 - 11:07pm
Facebook is working on a new website called "Facebook at Work" to get a foothold in the office that will see the social network of more than 1bn people compete directly with Google, Microsoft and LinkedIn .

Petrobras to create anti-corruption unit after two dozen arrests

November 19, 2014 - 11:07pm
The head of Brazil's Petrobras vowed on Monday to use a widening corruption scheme to improve governance at the state-run oil giant, in part through creation of a compliance department aimed at stamping out corruption.

JSIF, COJ well-run but Board of Supervision two decades behind

November 19, 2014 - 11:07pm
Minister of Local Government ßand Community Development Noel Arscott operates a good website for his Ministry.

Youth ministry needs funds to bring audits up to date

November 19, 2014 - 11:07pm
We commend Minister of Youth and Culture Lisa Hanna for her ministry's recent response to our earlier column.

Hype TV expands to Florida

November 19, 2014 - 11:07pm
Local entertainment station Hype TV has entered the American market through a US$250,000 push into South Florida.

Cameron: Red warning lights flashing for global economy

November 18, 2014 - 10:57pm
The global economy's problems seem to be multiplying. Hours after the leaders of the world's 20 most developed economies sought to boost confidence by promising to increase global output by US$2 trillion over five years, Japan said it had fallen into recession.

LAC demand for new aircraft to reach 2,300 by 2033

November 18, 2014 - 10:57pm
A report by Airbus has forecast that the Latin America and Caribbean regions will require around 2,300 new aircraft by 2033.

Cameron: Red warning lights flashing for global economy

November 18, 2014 - 10:46am
The global economy's problems seem to be multiplying. Hours after the leaders of the world's 20 most developed economies sought to boost confidence by promising to increase global output by US$2 trillion over five years, Japan said it had fallen into recession.

The Gleaner records $71m pre-tax profit

November 17, 2014 - 10:45pm
The Gleaner Company's strategies to increase revenue and improve operational efficiencies under tough market conditions continue to have a positive impact on the media entity's performance to date in its 180th year of operations.