Jamaica Gleaner Business
Published: Monday Wednesday | January 7, 2009
JPS $16b metering plan worries OUR
Jamaica Public Service Company says it will invest as much as US$350 per customer to transform its meter-reading system to one that is totally electronic, but the Office of Utilities Regulation says Tuesday that it finds aspect of the plan worrying...
CCFG cuts workforce
Capital and Credit Financial Group Limited has sliced 20 members of staff from its payroll, including two vice-presidents, saying the global financial crisis has forced the company into cost-cutting mode.CCFG chairman and president Ryland Campbell says...
SVL wins big - Profit up 59% despite loss on gaming lounges
Supreme Ventures Limited expects the gaming sector to take a hit this year as tourism receipts and remittances slide, but is hedging its bets through diversification and a tighter rein on spending. The company has also signalled that its gaming operations...
Gov't income $14 billion short
The Finance Ministry has fallen $13.8 billion short of income from grants and taxes in the first eight months of the fiscal year, putting greater pressure on Government to carve its spending plans. The ministry has been delaying spending mainly...
Flow lands small victory on cable advertising
Flow Jamaica is legally barred from profiting off the sale of local advertisements on the cable stations, but the company has found a different way to capitalise on the international audience that STV offers, through self-promotion...
Mittal subsidiary to invest big in Trinidad energy
OMEL Energy Trinidad and Tobago Limited, a subsidiary of ONGC Mittal Energy, plans to invest US$500 million in searching for oil and gas and building production facilities in the Caribbean twin-island state over the next four years...
Shortage of natural gas slams some European nations
A natural gas crisis loomed over Europe as a contract dispute between Russia and Ukraine shut off Russian gas supplies to six countries and reduced gas deliveries to several others. At least two Bulgarian cities were totally without gas, and nations...
Career education and its role in training systems
Late last year, a group of students made the headlines when they were caught by the police outside of school during school hours. Judging from the response of the students, many of them seemed uninterested in attending school with one young lady going as far as to say, "school...
