Lee Chin hires Aubyn Hill for T&T assignment
Aubyn Hill, who Michael Lee Chin let go two years ago as CEO of National Commercial Bank (NCB), has been hired by his former boss to lead what Lee Chin hopes will be a turn-around of the ailing Trinidad subsidiary of his AIC Financial Group.

Royal Caribbean to buy Spanish tour operator
Royal Caribbean Cruises Limited has announced its planned purchase of Pullmantur SA, a Madrid-based cruise and tour operator. The cruise line expects the acquisition to be completed by the fourth quarter of 2006, subject to regulatory approvals.

National Insurance Fund (NIF) loses $1.6 billion in a year
The National Insurance Fund suffered a $1.6 billion loss during the year to March 2006. The loss would have led to the assets available for disbursements to beneficiaries declining by three per cent, if new contributions had not netted $4 billion.

High demand for retirement
Pension plan providers are upset at regulator Financial Services Commission over a longtime decision to back page retirement schemes, saying it leaves thousands of workers exposed, as the September 29 deadline approaches to register pension funds.

Container thefts costing shippers millions
Thieves who swipe shipping containers for remodelling into ware-houses and homes, have cost the shipping industry millions of dollars, industry officials say. Two companies, Zoukie's Trucking and Seaboard have reported losses...

Rodney's challenge: beating back C&WJ market rivals
Cable AND Wireless Jamaica has not stood up well to competition in a heated telecommunications market that continues to spurt, despite its frequent turnover of CEOs of varying nationalities, the last a year ago.

Fitch rates Jamaica as stable, but below investment grade
The world's number three international debt rating agency Fitch has given Jamaica a 'B+/Stable' rating. While its take on Jamaica was one notch above the rating assigned by Standard & Poor's (B/Stable) and Moody's (B1/Stable)...

Jamaica Public Service Company (JPS) has US$4m maintenance plan for western Jamaica
The Jamaica Public Service Company (JPS) has committed US$4 million ($264 million) towards upgrading its electrical distribution infrastructure in north western Jamaica, owing to a spike in demand.