Jamaica Business News

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Updated: 11 hours 47 min ago

World Bank project to spread prosperity beyond 'enclaves'

October 27, 2014 - 1:08pm
As much as 90 per cent of food consumed in the tourism sector is said to be imported, but an industry-linkage project aims to redirect some of the business to Jamaican producers.

More Business In Brief

October 27, 2014 - 1:08pm
LIME Jamaica has upgraded the town of Mandeville to 4G HSPA+ mobile internet speed, which gives subscribers on-the-go connectivity of up to 21 mega-bits-per-second, the telecoms said.

Pension payments in retirement

October 27, 2014 - 1:08pm
QUESTION: I want to thank you for taking the time to share information with the public on investment and retirement planning.

Major medical insurance - Value-added health coverage

October 27, 2014 - 1:08pm
QUESTION: I read an advertisement a few weeks ago in this newspaper about a major medical plan for persons aged 50 to 90 years old who were members of a certain organisation. What is a major medical plan?

Banks harvest caller voiceprints to fight fraud

October 27, 2014 - 1:08pm
The caller said her home had burned down and her husband had been badly hurt in the blaze. On the telephone with her bank, she pleaded for a replacement credit card at her new address.

Positive thinking can be bad for business

October 27, 2014 - 1:08pm
The number of business people who believe in the power of positive thinking is increasing, even though some new research shows that they may be mistaken.

Venezuelans brace for slump in oil prices

October 27, 2014 - 1:08pm
The falling oil prices that are providing relief to drivers around the world threaten to bring more misery to the life of Venezuelans, whose country depends almost exclusively on oil revenue.

Jamaicans urged to pay outstanding property taxes

October 25, 2014 - 10:48am
Minister of Local Government and Community Development, Noel Arscott, is appealing to Jamaicans to pay over the $2.8 billion in outstanding property taxes for the current fiscal year.

Financial crunch causes JCF to start licensing regime

October 25, 2014 - 10:48am
A SENIOR legal officer in the Attorney General's Chambers has revealed that the Jamaica Constabulary Force (JCF) has been registering its own vehicles without going through the established procedure at Tax Administration Jamaica as a result of financing issues.

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).


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.