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Updated: 5 min 46 sec ago

Oil price seesaws near US$104 amid Ukraine tensions

5 min 46 sec ago
The price of crude oil was volatile around US$104 a barrel on Monday amid escalating tensions in Ukraine. By early afternoon in Europe, benchmark US crude for May delivery was down 11 cents to US$103.63 a barrel in electronic trading on the New York...

GlencoreXstrata selling Peruvian mine to Chinese consortium

5 min 46 sec ago
A group of Chinese state-owned companies is buying a Peruvian copper mine from GlencoreXstrata Plc for US$5.85 billion, adding to a wave of Chinese resource acquisitions abroad.Glencore, based in Switzerland, said Sunday it signed an agreement to sell...

Create business enviro, says Barnswell

April 14, 2014 - 12:09pm
Scean Barnswell, mayor of May Pen, has urged residents of Rocky Point, Clarendon, to find innovative and creative ways to encourage business in their community.Mayor Barnswell was speaking at the official ceremony to hand over the newly constructed...

Jamaicans loving JPS eStore

April 14, 2014 - 12:09pm
Jamaica Public Service's (JPS) flagship eStore along Ruthven Road has been open for little over a year and has seen bright business.eStore ePro (sales rep) Kaylee Hines told The Gleaner the best-selling product is the eStore...

NHT promotes enterprise among Jamaicans

April 12, 2014 - 10:50pm
Residents in National Housing Trust (NHT) built schemes who have businesses or a business idea are being invited to enter the trust's inaugural Entrepreneurial Challenge.

Council seeks contractor for Falmouth transport centre

April 12, 2014 - 10:50pm
Councillor Garth Wilkinson, chairman of the Trelawny Parish Council and mayor of Falmouth, says the bidding process has started to find a suitable contractor for the construction of a new transportation centre and market zone, which is slated to commence in June.

LIME Jamaica makes big bet on AWS spectrum

April 11, 2014 - 10:45pm
The new 15-year licences and spectrum acquired by the top two mobile phone providers will position both to deploy fourth-generation broadband services at higher speed, but LIME Jamaica has chosen to buy spectrum at a higher frequency.Both companies plan...

Access Financial trying to oust CEO

April 11, 2014 - 10:45pm
A stock market notice on Thursday alerted investors to upheavals at Access Financial Services and efforts to oust the microfinancier's chief executive officer....

Petrojam, Customs haggle over $3b claim for re-exports

April 11, 2014 - 10:45pm
Petrojam Limited says it is still owed more than US$33 million by the Jamaica Customs Agency, for import duties that should have been refunded at re-export of petroleum products manufactured at its Kingston-based...

World Bank pressing for more productive use of remittances - But study acknowledges limits on returns

April 11, 2014 - 10:45pm
Washington, DC: Jamaica and other countries in the region that rely heavily on remittances should encourage households to use some of the money transfers for asset building, particularly through investments in health...

Digicel aims to double ICT business

April 11, 2014 - 10:45pm
Digicel Jamaica has seen a greater than 50 per cent rise in ICT revenues in the financial year just ended, with ICT now making up more than 10 per cent of the company's revenue base, according to its top executive."We see this continuing to increase...

Proven to launch renounceable rights issue

April 11, 2014 - 10:45pm
Chris Williams, president and CEO of Proven Management Limited (PML), said Wednesday that by the end of April Proven Investments Limited will offer current shareholders additional equity in the company under a rights issue...

Time to grow or stop paying lenders - Debt, salaries define Budget

April 11, 2014 - 10:45pm
Last year this time, Finance Minister Peter Phillips was at the receiving end of endless criticism for not getting the IMF deal done, and many in his party and some Cabinet colleagues were...

BCIC weathers the storm

April 11, 2014 - 10:45pm
With higher premium income, flat claims growth year-over-year and foreign exchange gains during the year, British Caribbean Insurance Company Limited (BCIC) grew net profit by 21 per cent in 2013.Net earnings at yearend...

Audi's RS 7 is answer to Porsche, Mercedes

April 11, 2014 - 10:45pm
The 2014 Audi RS 7 checks all the boxes and then some for wealthy car buyers who want a stylish, luxury sedan that looks like a coupe, delivers 500-plus turbocharged V-8 horsepower and comes with a high-brow German pedigree.With a starting retail price...

Poverty levels falling, World Bank data shows

April 11, 2014 - 10:45pm
WASHINGTON, DC: Calculations based on data released by the World Bank show that as at 2010 upwards of 30 million people in Latin America and the Caribbean or 5.4 per cent of the population in those countries...

Online security flaw exposes millions of passwords

April 10, 2014 - 10:27pm
An alarming lapse in Internet security has exposed millions of passwords, credit card numbers and other sensitive bits of information to potential theft by computer hackers who may have been secretly exploiting the problem before its discovery....

JN Foundation pays it forward

April 10, 2014 - 10:27pm
Some clients of JN Fund Managers now have the option of contributing to charity through its 'JNFM Pays Forward' programme, and Children First, along with the Jamaica Down's Syndrome Foundation (JDSF), were the first of the five recipients for funding...

Prayer Breakfast Committee gives to CUMI

April 10, 2014 - 10:27pm
The National Leadership Prayer Breakfast Committee (NLPBC) recently presented a cheque for $400,000 to the committee for the Upliftment of the Mentally Ill (CUMI) at the Victoria Mutual corporate offices ...

Issa Trust Foundation gives to hospital

April 10, 2014 - 10:27pm
An ECG machine was presented to the Bustmante Children's Hospital by the Issa Trust Foundation last week - just a small part of the J$7-million donation of equipment and supplies made by the foundation to hospitals across Jamaica....