Crisis team in place
Giving the clearest indication yet that Jamaica is facing fallouts from the financial crisis that has gone global, the Government is putting together a top-level team to monitor the domestic financial system, and take action as needed to steady the markets here...
Markets discount Shaw's illness
Jamaica's markets reacted coolly yesterday to the illness of Finance Minister Audley Shaw, with brokers saying that global events, rather than the immediate state of the minister's health were more likely to shape short-term investment behaviour here...
Wayne Chen willing to sell
Super Plus Food Stores boss Wayne Chen said he would not refuse a good offer for the islandwide family-owned supermarket chain, but says he has not put the company up for sale.In an interview with the Financial Gleaner, Chen said there was an increasing...
First Jamaica lands US$25m loan from IFC
First Jamaica Investment (FJI), the real-estate developer and property management company that has access to US$25 million in World Bank money to finance projects in Jamaica and elsewhere in the Caribbean, says it is still hunting for the kinds...
University of Technology business hospitality conference - Mixing tourism, sports and academics, UTech expanding to Montego Bay
Jamaica's Olympic success in Beijing has sparked international interest and a new demand for sports and athletic training here, according to University of Technology (UTech) principal Professor Errol Morrison, who says the country should immediately exploit opportunities ...
Claro Jamaica open for business
The transformation of MiPhone's network to 3G technology is a US$300-million investment for America Movil, the company said yesterday as it rolled out the company's new brand, Claro.Claro Jamaica CEO Alejandro Guiterrez said the company had already...
Painting a rosy picture - Finance's mantra for management of the Jamaican economy
One of the most amazing statements made by a Government minister this week has received very little attention. Yet, it says a great deal about the Bruce Golding administration's assessment of the current Jamaican macroeconomic environment, and its views...
Noah's Ark is leaking, int'l money still in crisis
I am asked why Noah's Ark is not working; why world stock markets are not bubbling at news Uncle Sam firmly backstops the financial system in crisis. Complex problem, simple answer: Evaporated confidence and fear, and another issue we will mention a bit later...
Renewable energy bids fall short
The Office of Utilities Regulation (OUR) has rejected four of seven bids to build renewable energy systems here, and says the remaining three fall short of the 65 megawatts of additional generating capacity that Jamaica is seeking to power homes and businesses...
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