Digicel owner's finances under investigation - O'Brien files complaint against probe
Irish telecommunications tycoon and owner of Digicel Group, Denis O'Brien, filed a complaint with the European Court of Human Rights in a bid to stop a government-authorised investigation into his financial affairs, he said Tuesday. O'Brien, 49, who built his fortune...
Petrojam, Jamaica Public Service Company in talks on 'petcoke' cogeneration plant
Petrojam and Jamaica Public Service Company Limited (JPS) are in early talks about a likely partnership on the construction of a 120-megawatt cogeneration plant at the refinery's Kingston base.Sources tell Wednesday Business the plan would fall within a phase...
Seprod's silence on stock suspension worries analysts
Almost a month after the Jamaica Stock Exchange (JSE) suspended trading in the shares of the Seprod Group for its failure to submit its audited accounts, sparking criticism from analysts and the JSE that the company seems to be treating the issue too casually.
Manufacturing, mining production up in March
The Statistical Institute of Jamaica (STATIN) has reported a marginal 0.2 per cent growth in activity in the mining and quarrying (M&Q) sector, while manufacturing rose by 1.2 per cent in the month of March, according to its most recent Producer Price Index (PPI)....
Receiver plans sale of transformer company assets -Lewis family loses round one of court battle
Ken Tomlinson, receiver for the indebted Jamaica Transformer Company Limited (JATCO), says he will be putting the company's assets up for sale in the wake of a Supreme Court decision throwing out an application to bar him from the property.
Catastrophe risk insurance pool up and running
The new Cayman-registered Caribbean Catastrophe Risk Insurance Facility (CCRIF) became operational at the top of the hurricane season, offering the 16 participating states access to funds to finance recovery if a disaster hits."The CCRIF's capacity to service claims...
BET former owner to set up gaming operation in Barbados
Robert Johnson, the former owner and founder of BET, will roll out a new gaming operation in Barbados over the next three years, under a plan to broaden operations across the Caribbean. Johnson's RJL Companies, through CAGE Barbados Inc, will establish 2,500 video lottery...
LIAT 'stalling' on rescue plan, says Skerrit
Dominican Prime Minister Roosevelt Skerrit says ailing regional carrier LIAT has shown no interest in receiving financial aid from his administration. "I have continuously asked LIAT for a proposal as to what challenges they are going through and how, from a government ...
US airline industry tries to boost fares - Analysts wonder if they will stick
The American airline industry boosted many one-way fares by up to US$10 late Monday, as carriers struggle with weakening domestic results, though most have had scant success in making increases stick recently. Late Monday, Continental Airlines Inc. raised one-way fares...
Canadian dollar no longer 'a weakling' - Approaching par with US currency
THE CANADIAN dollar breached 94 United States (U.S.) cents for the first time in 30 years last Friday and analysts are speculating it will be worth as much as the struggling greenback by year's end. Known as the loonie because of the loon pictured on the one-dollar coin...
Rice, Maduro spar at OAS meeting
United States Secretary of State Condoleezza Rice and Venezuela's foreign minister Nicolas Maduro traded verbal broadsides over the closure of an opposition television station in Venezuela. Rice on Monday protested the shuttering of Radio Caracas Television...
Education and early days
"I studied sciences in high school, when I was finishing up, I started looking at finances - making an impact in day-to-day life. "I studied in Campion College and got a Bachelor of Arts degree from the University of Western Ontario, Canada where he majored in Economics...
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