BNS buys residential Olivier Road property - American school negotiating 49-year lease with Jamaica College
Bank of Nova Scotia Jamaica Limited (BNS) has purchased the 12 acre Olivier Road property, former home of the American International School in Kingston from the Issa familiy-owned St. Andrew Hotels, Wednesday Business has confirmed. The parties, however, would not reveal...
Port Authority takes on urban transport
Eight months away from the completion of the Half-Way Tree Transport Centre in St. Andrew, project managers for the bus terminal, the Port Authority of Jamaica (PAJ), is hunting markets for commercial retail shops being built inside the complex.
Banana dispute resurfaces - WTO launches new investigation into EU banana tariffs
The World Trade Organisation (WTO) authorised an investigation into the European Union's banana tariffs on Tuesday, reopening a decade-old dispute pitting Latin American countries and the United States against the EU, officials said.
Davies suspends tax refunds to pension funds
The cash-strapped Ministry of Finance, whose fiscal numbers are already off-target by $7 billion, has instructed the director general of tax administration Vinnette Keene, to cease refunding the payment of withholding taxes on investments to pension funds...
Carib Cement profits plunge 54% - Payouts hit $305m for faulty product
Caribbean Cement Company paid out just under $305 million to settle faulty cement claims in 2006 as restitution for 'non-conforming' product let loose on the market.It anticipates the claims willeventually reach $600 million.
Foundation diversifies Hope Gardens' income stream - Expects growth in revenue, but no profits
The $360 million that Nature Preservation Foundation (NPF) is investing in the redevelopment of Kingston's Royal Botanical Gardens and Zoo (Hope Gardens) into a tourist attraction will diversify its income streams, but will not turn enough revenue to make a profit, says the group....
Haiti remittances top US$1.6b
Haitians living abroad propped up the economy of their impoverished Caribbean homeland by sending more than $1.65 billion in cash to relatives last year, according to a report from the Inter-American Development Bank. That sum represented twice Haiti's national budge...
Airbus A380 flies into the US in search of buyers
(AP):The latest jetliner to claim the title of world's biggest passenger aircraft completed its inaugural flight to the United States, flying on football field-length wings and a prayer that airlines will want to shell out US$300 million...
Coca-Cola should drop the 'coca' from its name, Bolivia growers say
Always Coca-Cola? Not if Bolivian coca growers' lobby succeeds.The farmers want the word 'Coca' dropped by the United States soft drink company, arguing that the potent shrub belongs to the cultural heritage of this Andean nation, where the coca leaf...
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