Jamaica Public Service Company Limited (JPS) gets power deal
JAMAICA PUBLIC Service Company Limited (JPS) increased its electricity generation capacity by 32 per cent at a reduced cost with the advent of the Jamaica Energy Partners' (JEP) new power barge in January of this year.

CIBC takes FirstCaribbean
BRIDGETOWN, Barbados: FIRSTCARIBBEAN International Bank has stated that, further to its announcement on March 13, its majority shareholders, CIBC and Barclays Bank, have reached a definitive agreement for CIBC to acquire Barclays 43.7 per cent stake...

Hylton threatens to increase Port fees - Warns lines against imposition of terminal charges
PORT AUTHORITY of Jamaica boss, Noel Hylton, threatened on Wednesday to increase charges to shipping lines using Kingston's transshipment port if they maintain port handling charges levied on Jamaican importers.

Why Jamaica is failing to grow
JAMAICA'S FAILURE to encourage entrepreneurship and growth is the central focus of a new report by the Inter-American Development Bank (IDB) on the island. The report, 'Jamaica - A Private Sector Assessment', analyses the issues that affect...

IKEA founder overtakes Gates as world's richest
STOCKHOLM (Reuters): INGVAR KAMPRAD, the Swede who founded furniture retail chain IKEA, has overtaken Microsoft's Bill Gates as the world's richest man, Swedish TV news reported recently.

France topples US as top FDI investor abroad
PARIS (Reuters): FRANCE, OFTEN regarded as hostile to foreign take-over bids, displaced the United States as the world's biggest investor abroad in 2005, the Organisation for Economic Cooperation and Development said on Wednesday.

Grim outlook for Jamaican stocks
THERE HAS been much discussion about the prolonged slump in the Jamaican stock market. The pragmatists argue that what we are witnessing is merely a market correction. If all that we are seeing is an adjustment in stock values...