Private commercial airline hunts Jamaican licence - Airone Ventures names Digicel as sales partner
A new airline company, whose directors include a top Digicel executive, has applied to Jamaica's Civil Aviation Authority (CAA) for a permit to operate commercial flights between the United States and Jamaica. Digicel Group Vice-President Leslie Buckley is one of four named...
KRB renames rum line, expanding to wider markets
KRB LEA Jamaica Rums Limited has rebranded its Trelawny range of rums and relaunched them as the Port Royal Rum line, saying that in the past year, the company has invested $20 million to secure a niche for the...
US$10m for McConnell, Ashenheim if Angostura reneges on bid terms
George Ashenheim and William 'Billy' McConnell, who control the major voting stakes in Lascelles deMercado, were guaranteed US$10 million in compensation from Angostura Limited, if the Trinidadian firm varied the terms under which it planned to bid for what it said was a 49.24...
Pricewaterhouse alliance - McDonald leads C8 network pools expertise
The eight Pricewaterhouse-Coopers (PwC) country firms operational in the Caribbean have formed an alliance, the C8, that allows them to call on the talent of the group when hunting consultancy and audit jobs. But it also provides the country firms access to a network of pooled...
Olint's Smith creates new online forex trading platform
David Smith, principal in foreign exchange trading company Olint Corporation, is offering a platform to Jamaicans wishing to learn how to trade currency online.Smith has offered to each person signing up to i-Trade FX, "$100 of his own money" to help kick-start live foreign...
Bank accounts grow to $400b - Still plump despite competing investment schemes
Jamaicans, up to the end of September, had a little over $406 billion deposited in the island's commercial, merchant and mortgage banks - a near 30 per cent jump over a two-year period that helped to push the asset base of the sector past the $650 billion mark....
IFC pushing 'import' financing alliance with local banks - Promises to guarantee risk
Jamaica's indigenous banks are being targeted by the International Finance Corporation (IFC) to join its global programme that directs financing to businesses trading across borders. The IFC's Global Trade Finance Programme, which facilitates the flows of goods and services...
Digicel launches in Suriname
Digicel has officially launched operations in Suriname, saying it invested US$60 million in its start-up.The capital, it said, financed a state-of-the-art network that "offers coverage to many Surina-mese communities for the first time ever", in addition to 28 stores ...
Energy company preaches restraint on natural gas projects - Audit puts 12-year life on reserves
Chairman and chief executive officer of BP Trinidad and Tobago, Robert Riley, is pressing for restraint on new natural gas projects, saying the depleting reserves require the country to hold back on drilling plans. "We have to exercise restraint, because we cannot...
BPTT to spend US$1bper year on gas exploration
BP Trinidad and Tobago (BPTT) will be investing US$1 billion in new drilling and natural gas exploration programmes in 2008, and will likely spend a similar sum annually over five years, the company's chairman and CEO Robert Riley has said. The investment will cover both operations...
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