Jamaica Business News

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Updated: 3 hours 53 min ago

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.

Trade Board drops Auto Channel - Car dealer disqualified for import recertification

November 16, 2014 - 2:03pm
Auto Channel Limited has become the first casualty of the revised Motor Vehicle Import Policy (MVIP), which took effect in April this year.

NCB profit spikes 36 per cent - Shareholders to get $2.4b dividend payout in December

November 16, 2014 - 2:03pm
National Commercial Bank Jamaica Limited (NCB) grew annual net profit by 36 per cent to $11.6 billion at year end September, reclaiming ground lost last year when its bottom line shrank by 15 per cent.

OUR touts local IXP for Internet traffic - Switch installed in September

November 16, 2014 - 2:03pm
The Office of Utilities Regulation (OUR) is now pushing for service providers to make use of Jamaica's Internet exchange point (IXP) following the installation of a switching station in September, a development that director Leighton Hamilton says will cut local server hosting costs and reduce Internet charges.

Tablet Review: Amazon's Fire vs Google's Nexus 9

November 16, 2014 - 2:03pm
New tablet computers from Amazon and Google both run on Google's Android operating system, but that doesn't mean they work the same. In the new Fire HDX 8.9, Amazon continues a practice of modifying Android extensively to drive you to Amazon services.

How entrepreneurs can create and preserve wealth

November 16, 2014 - 2:03pm
What percentage of entrepreneurs who start businesses in Jamaica become wealthy from their enterprise?

WTO agenda may lead to unionisation in Jamaica's export zones

November 16, 2014 - 2:03pm
Jamaica does intend to press ahead with changes in local laws to bring labour practices in line with World Trade Organisation (WTO) requirements, according to labour ministry technocrats, but just how far-reaching the reforms will be is subject to debate, they say.