Cement crisis costs 30,000 jobs
JAMAICA'S CEMENT crisis has thrown an estimated 30,000 people, mostly low-skilled young men, out of work and, at present, is costing the country up to $100 million a day, according to estimates by the umbrella body for most...
Apparel exports crumble
JAMAICA'S APPAREL exports, which have tumbled over the past decade in the face of competition from NAFTA and the loss of preferences provided by the Multi-Fibre agreement, slumped over 82 per cent last year, to US$37.8 million...
Caribbean economic growth can be boosted - CDB chief
WESTERN BUREAU: PRESIDENT OF the Caribbean Development Bank (CDB), Dr. Compton Bourne says the pessimism about accelerating economic growth in the region is not warranted. The growth in real economic output in 2005 slowed across the region...
Sugar industry being forced to refocus
THE DIRECTOR general of the Planning Institute of Jamaica (PIOJ), Dr. Wesley Hughes, says the cut in the preferential prices paid by the European Union for Jamaican sugar could provide the catalyst for the economic development...
Stephen Gooden moving on to Pan Caribbean Asset Management
STEPHEN GOODEN, who, over the past two years, has managed the $50 billion portfolio at Michael Lee Chin's NCB Capital Markets, is to take-over shortly as general manager of Pan Caribbean Asset Management (PCAM), the mutual fund subsidiary ...
Virgin Atlantic competing on quality
WHEN VIRGIN Atlantic Airlines flies into Montego Bay on July 3, its business plan for Jamaica is simply to offer a first class service that appeals to one's sense of adventure and the desire for luxury.
Jamaicans need broader investment horizons - Jain
GUEST SPEAKER Sushil Jain says holding assets in Jamaica or any one country is not real diversification. The treasurer and corporate secretary at Seprod Limited for the last 15 years, Mr. Jain was the guest speaker at the Mayberry Investments monthly...
New line of Chinese vehicles on the way
NEW LINE Motors, which launched a dozen years ago as a seller of used cars, has been named the exclusive distributor in Jamaica for China's Chery Automobile Company. New Line was actually the first company on the island to import new cars...
First Jamaica Investments benefits from restructuring
THE REPOSITIONING strategy executed by First Jamaica Investments (FJI) in 2005 yielded immediate dividends during the opening quarter of 2006. While most listed companies struggled to grow profits during the March quarter...
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