Jamaica Business News

The JamaicaN Government is to table amendments to the Caribbean Community (Free Movement of Skilled Persons) Act so as to broaden the categories of skilled nationals able to access jobs in other regional countries.Labour and Social Security Minister...

The board of governors of the Barbados-based Caribbean Development Bank (CDB) began a two-day meeting in St Lucia with a warning to regional countries that while they urgently need to address their fiscal and debt issues, a narrow adjustment programme...

An American company that monitors global Internet traffic says Cuba has activated a branch of its submarine fibre-optic cable that connects to Jamaica, giving it greater bandwidth and a backup in case the main leg to Venezuela is not available.Senior...

A group of investors, including chief executive officer of Progressive Motors, Jeffrey Panton, has acquired Kingston Industrial Garage (KIG), Jamaica's oldest car dealership and one of the remaining assets Lascelles deMercado has sought to divest....

The fiscal conditionalities of the new International Monetary Fund (IMF) agreement are strenuous, but necessary, IMF mission head Jan Kees Martijn and Finance minister Dr Peter Phillips argued Tuesday, amid scepticism that Jamaica can hold to its...

The National Insurance Fund (NIF) said this week that Cabinet has provided written confirmation of its approval of the Meliá Hotels group as prospective managers for the Braco resort property in Trelawny...

JAMAICA STOCK Exchange (JSE) is planning an initial public offering of 20 per cent of its ordinary shares to stock market investors, which will happen sometime after the redemption of the 33 million preference shares...

The Betting Gaming and Lotteries Commission (BGLC) will be acquiring a new Gaming Management System (GMS) for receiving and processing data from its licensees to boost efficiency, says Executive Director Andral 'Jack' Shirley. The new system, seen as...

Authorities are investigating rice mills in southern China following tests that found almost half of the staple grain in one of the country's largest cities was contaminated with a toxic metal.The mills in Hunan province's Youxian county were ordered ...

GraceKennedy Remittance Services (GKRS), a subsidiary of GraceKennedy Limited, has isolated six parishes in western Jamaica whose money transfer transactions will undergo special review prior to payout....

A bipartisan group of legislators in the United States House of Representatives say they have reached a deal in principle in overhauling the US' immigration laws.Aides said the bill in the House of Representatives is similar to one introduced in the US...

Shareholders at JPMorgan Chase will let Jamie Dimon, the chairman and CEO, keep both his jobs.At the bank's annual meeting, 32 per cent of shareholders voted for a measure that would have required the bank to split the roles...

AFTER THIRTEEN years and a nearly complete transformation, Diageo, the world's biggest distiller, is making changes at the top.Chief operating officer, Ivan M...

Among the responses I received to the May 12 Careers column titled 'Resume rejections of a returning resident' was one from Madge Sewell Lazarus, a Jamaican author and life coach living in New York....

A major international credit rating agency is warning of more Caribbean sovereign debt restructurings ahead of the Caribbean Development Bank (CDB) annual meetings in St Lucia this week.The Wall Street-based Moody's Investor Service said on Monday that...

A new World Bank report predicts that in less than a generation, the Caribbean will be among developing countries dominating global saving and investment...

THE EDITOR, Sir:The Friday, May 17, edition of the Financial Gleaner carried the headline "C&WJ and Westmoreland Credit Unions Merge".

The Fair Trading Commission (FTC) said it will be using complaints from more than 40 consumers to build a case and take legal action against used-car dealers implicated in selling vehicles with the wrong model year, without the purchasers themselves knowing.

MoneyGram outlets in Montego Bay, St James, have introduced stringent new rules for persons collecting remittances in a bid to reduce risks associated with the multimillion- dollar scamming operations, managing director of Lasco Financial Services, Jacinth Hall-Tracey, has confirmed.

A cousin was driving my car last November when she was hit from behind by a bus. I reported the incident to my insurers, who wrote to the insurers of the third party. The police report stated that the bus driver was at fault. The third party insurers refused to accept liability on February 26.