Mon | Feb 19, 2018

Stories by McPherse Thompson

Published:Sunday | February 18, 2018 | 12:00 AMMcPherse Thompson

The Industrial Disputes Tribunal (IDT) has awarded a total of $17 million to be shared by two former employees, who it ruled were both unjustifiably dismissed by the All-Island Jamaica Cane Farmers Association (AIJCFA) about 18 months ago.The three...

Published:Thursday | February 8, 2018 | 12:33 PMMcPherse Thompson

There will be no disruption to the trade arrangements between Jamaica and other members of CARIFORUM as a result of the impending separation of Britain from the European Union, High Commissioner to Jamaica Asif Ahmad has assured. But Ahmad said his...

Published:Sunday | February 4, 2018 | 12:00 AMMcPherse Thompson

The Supreme Court has granted summary judgment to Medical Associates Limited in a claim brought by its management company to recover more than 400,000 shares that were tended to secure a loan to finance further developments at the Medical Associates...

Published:Tuesday | December 26, 2017 | 11:14 AMMcPherse Thompson

LASCO Distributors Limited said that in its continued drive to improve efficiencies and reduce overall operating costs it will discontinue its distribution arrangement for the Unilever cold storage and dry food portfolio, effective Wednesday,...

Published:Thursday | December 21, 2017 | 12:00 AMMcPherse Thompson

Businessman Michael Lee-Chin has served notice that he intends to submit to arbitration a claim against the government of the Dominican Republic seeking to recover more than US$300 million in damages for expropriating his investment in that country....

Published:Wednesday | December 20, 2017 | 12:00 AMMcPherse Thompson

In a five-year review of Clarendon Alumina Production, CAP, the Auditor General raised concerns about the state company's solvency, saying that while there was marginal improvement to two per cent, it was well below the threshold of 20 per cent,...

Published:Friday | December 8, 2017 | 12:00 AMMcPherse Thompson

The Court of Appeal, agreeing there was the real possibility of bias, has ordered a retrial in a lawsuit first brought against former...

Published:Friday | December 1, 2017 | 12:00 AMMcPherse Thompson

The Malta-registered bulk carrier Trading Fabrizia, which was detained in Jamaican waters just over a year ago and is still sitting in the Kingston...

Published:Wednesday | November 29, 2017 | 12:00 AMMcPherse Thompson

Jamaica's foreign exchange system has entered into a new paradigm of flexibility, where the value of the Jamaican currency is likely to move in either direction based on market conditions, according to Brian Wynter, governor of the Bank of Jamaica,...

Published:Friday | November 24, 2017 | 12:00 AMMcPherse Thompson

A Bank of Jamaica (BOJ) worker who was dismissed over his use of a pseudonym for personal calls that were unpaid has been ordered reinstated to...

Published:Sunday | November 19, 2017 | 12:00 AMMcPherse Thompson

The Office of Utilities Regulation (OUR) has established a new meter-testing protocol to provide an appropriate framework for the verification and testing of existing and future meters used in the Jamaican electricity and water sectors.The protocol...

Published:Wednesday | November 8, 2017 | 12:00 AMMcPherse Thompson

Termination rate cuts for fixed line phone calls are now to be implemented over a four-month period starting December 1, this year as the Supreme Court gives the green light to the Office of Utilities Regulation, OUR, to proceed with its decision...

Published:Sunday | November 5, 2017 | 12:00 AMMcPherse Thompson

Disciplinary proceedings instituted against Wentworth Graham, chief regulatory officer of the Jamaica Stock Exchange (JSE), have been abandoned consequent on his passing last week.Asked what happens with those proceedings now, Robin Levy, who until...

Published:Friday | October 27, 2017 | 12:00 AMMcPherse Thompson

The enactment of a Jamaican data protection law introduced under a bill in Parliament earlier this month, while creating a regulatory burden, could open up...

Published:Sunday | October 22, 2017 | 12:00 AMMcPherse Thompson

The Jamaica Public Service Company (JPS) will be levying a late payment interest charge on any of the Government's electricity bill balance that remains unpaid seven days after the due date, effective October 1.JPS Director of Corporate...

Published:Wednesday | October 18, 2017 | 12:00 AMMcPherse Thompson

Anyone who feels aggrieved by any kind of development in their neighbourhood can invoke the provisions of the Restrictive Covenants (Discharge and Modifications) Act to kill the project, according to attorney Clayton Morgan.While Morgan notes that...

Published:Friday | October 13, 2017 | 12:00 AMMcPherse Thompson

The Ministry of Housing has been barred from constructing six town houses on land it owns in the upscale neighbourhood of Cherry Gardens...

Published:Wednesday | October 11, 2017 | 12:00 AMMcPherse Thompson

It would be an incredible achievement if the Jamaican economy realises annual growth of 2.8 per cent over the next five years, having expanded by an average 0.5 per cent over the past decade, according to economist Inder Ruprah.Referring to the...

Published:Sunday | October 8, 2017 | 12:00 AMMcPherse Thompson

The prevalence of poverty in Jamaica, at 21.2 per cent, has reached its second-highest level in almost two decades, according to the 2015 survey of living conditions, the latest such study conducted by the Statistical Institute of Jamaica (STATIN)....

Published:Friday | October 6, 2017 | 12:00 AMMcPherse Thompson

Jamaica has broken its more-than-two-year growth streak. The economy contracted by 0.1 per cent in the June quarter, according to new data from...

Published:Wednesday | October 4, 2017 | 12:00 AMMcPherse Thompson

Despite an increase in employment, there was a near one-third decrease in collection of personal income taxes for the first four months of this fiscal year, April-July, relative to the corresponding period last year.While the Government said that...

Published:Wednesday | October 4, 2017 | 12:00 AMMcPherse Thompson

Cable & Wireless Jamaica Limited, which trades as Flow, has filed an application in the Supreme Court seeking to bar the Office of Utilities Regulation, the OUR, from implementing cuts to termination rates for fixed line calls.The OUR had developed a 'glide path' to implement the rate cuts over six months, from October 1 of this year to...

Published:Sunday | October 1, 2017 | 12:00 AMMcPherse Thompson

While the financial sector provides services that assist both directly and indirectly in the growth and development of the economy, it can do more by providing services that will reduce social problems, according to head of the financial stability...

Published:Sunday | September 24, 2017 | 12:00 AMMcPherse Thompson

By a majority decision, the Court of Appeal has upheld a lower court's refusal to grant an injunction barring Jamaica Stock Exchange Limited (JSE) from convening a disciplinary hearing against its chief regulatory officer, Wentworth Graham, pending...

Published:Friday | September 22, 2017 | 12:00 AMMcPherse Thompson

Allowances paid to public-sector workers in central government account for about a third of the wage bill, or more than $55 billion, according to a review...

Pages

Subscribe to McPherse Thompson