Regulators going after unregistered developers - Tougher fines coming
The Real Estate Board (REB) is seeking tougher legal penalties against developers who fail to register their projects. The law currently stipulates a fine of $50,000, and eventually a prison term of up to six months, but REB General Manager Sandra Watson said Monday that the penalties....
Green light for Negril Peninsula - US$1 billion resort approved by NEPA
Developers of a 6,702-room resort slated for Negril's West End have got the go-ahead from the National Environment and Planning Agency (NEPA), but still have to hurdle local planning authorities. Negril Peninsula, a US$1 billion mixed-use development on the drawing board ...
Island Grill expands locally
Local fast-food chain Island Grill is in the medium term looking to add at least three stores per year under an aggressive push towards expansion that has already begun in Montego Bay. Thalia Lyn, owner of the food company that formalised jerk as convenience food, is now equipping some...
USAID, JEA sign new competitiveness deal
USAID has committed another US$300,000 of funding to the Jamaica Exporters' Association (JEA) under an agreement that extends the cluster competitiveness project.The parties signed the memorandum of understanding yesterday in Kingston to continue the development of industry clusters...
Frome ends cane-burning to meet EU demands
Frome sugar estate is no longer burning cane for harvest but has started reaping green cane to improve the quality of the crop and cut environmental damage.It ends the practice as old as the sugar industry itself, dictated by world demands for more environment-friendly manufacturing...
AIC launches new specialty funds
AIC Limited on Monday launched four new global specialty funds focusing on real estate, banking, insurance and wealth management sectors. The quoted price on each fund was C$10 or US$9.984 per unit."With the recent weakness in the global financial services sector...
Shareholders of RBTT to vote on RBC bid March 26
RBTT shareholders are to vote their approval of the friendly takeover bid by Royal Bank of Canada on March 26, in Port of Spain. Last week, the company's board said it would decide the final list of shareholders eligible to participate in the special meeting at record date February 18....
Spanish back five-year training programme for farmers
The Spanish Government will provide US$2 million (J$144 million) of technical aid to regional countries this year to finance agricultural support programmes. Spanish Ambassador Jesus Silva said 60 per cent to 70 per cent of the funds were earmarked for Jamaica. "We are giving assistance...
After 35 years, Caricom needs fresh thinkers - Seaga - Bats for regional cooperation over integration
Former Prime Minister and Distinguished Fellow of the University of the West Indies Edward Seaga says Caricom should shift focus towards fostering greater cooperation among member countries rather than making futile attempts at integrating the region. "Thirty-five years have passed...
The globe as your workplace
Twenty-first century job seekers are no longer limited to opportunities in their country or region as, with the advent of technology, the job market has expanded into a dynamic and ever-changing landscape that has no boundaries. The global workplace is the hub of business...
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