'Don't switch the fleet' - Air Jamaica technicians against change from Airbus to Boeing
Maintenance techni-cians employed by Air Jamaica say the airline should reconsider its proposal to replace its current Airbus system with 14 Boeing 737-300 airplanes, warning it would boost the loss-making airline's operating expenses...
Jamaican currency will fall to $70 - banking exec
The Jamaican dollar, which has slid by about half a point against the U.S. dollar just 12 trading days into the start of the new year, will reach $70 by the end of the year, a banking executive has predicted.
Construction sector slows
IT IS not that fewer buildings went up or that they valued less than those constructed the year before. Rather, it is the reduction in other activities that is expected to underpin a decline, even if small, of real growth in the construction....
Explorer predicts big oil finds in Jamaica - Says Trinidad underexplored
Port-of-Spain, Trinidad: A Canadian explorer is taking bets that Jamaica, a high energy consumer, will hit strong commercial deposits of oil in the Pedro Banks and Walton Basin. Gerold Fong, president and chief executive officer of Canadian Voyager...
RJR negotiating sale of AM frequencies - Cliff Hughes among investors
The RJR Group, which says it has come to the end of its cycle of major investments in radio, is attempting to flog, via lease agreements, five AM radio frequencies it acquired in the 1950s in the early days of wireless broadcast by Radio Jamaica.
Mirant sells six power plants for US$1.4b
Mirant Corporation on Tuesday cemented a deal to sell six of its power plants to an American investor. Ratings agency Standard & Poor's (S&P) said the deal did not affect the utility's.
Ciboney slides deeper into red
Ciboney Group's accumulated deficit inched up to $391.08 million as the company slid further into the red, its half-year results to November 2006 show. Ciboney's short-term liabilities top $127 million, almost double...
BoJ offers variable-rate CD
The Bank of Jamaica (BoJ) yesterday announced an offer to the market of a special one-year variable-rate certificate of deposit (CD). According to a press release issued by the BoJ, interest payments on the CD will be made quarterly...
Solar company targets 10% of JPS's market
A young solar energy company, having invested $6 million in photovoltaics, now says it is going after 10 per cent of monopoly electricity provider Jamaica Public Service Company's clients by tapping into the sun for a cheaper and cleaner power supply.
Tax matters in the year ahead
The income tax threshold, or income taxable at the 'nil' rate, remains at $193,440 per annum, ($16,120 per month; $3,720 per week) until further notice, as there has been no increase in the threshold to date.
Dissecting independence, governance and corruption
Enthusiastic feedback indicates the column on developmental governance struck a reverberating chord. No one thought the subject misplaced in the Financial Gleaner. One Washington reader notifies me: "... what you have to comprehend.... ...
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