Thu | May 26, 2016

Business

The president of Brazil's Senate was put on the defensive on Wednesday with the release of a secretly recorded conversation that shows him proposing to weaken one of the key tools prosecutors have used to trap politicians and businessmen in a...

Insurance conglomerate Sagicor Group Jamaica has been selected as the preferred buyer of the incomplete Palmyra condominium complex in Montego Bay, according to two independent sources.It's not the first time the receiver for the property and his...

Power utility company Jamaica Public Service (JPS) has reassessed the cost of its smart metering programme, aimed at curtailing energy losses and possibly electricity theft, at US$52 million ($6.5 billion) to be spent over five years.Concurrently,...

Puerto Rico's governor unveiled a stark budget Monday that sets aside more than US$200 million for a critical bond payment as the United States territory sinks into a deep economic crisis.The proposed US$9.1 billion budget for the upcoming fiscal...

The oil market is slowly recovering from its steep drop over the past two years but crude is still not trading at a "fair price" to encourage necessary investment, Qatar's energy and industry minister said Tuesday,...

Monsanto rejected Bayer's US$62 billion takeover bid, calling it "incomplete and financially inadequate". However, the seed company suggested Tuesday that a higher bid might be accepted, saying that it remains open to talks.Monsanto Company Chairman...

Co-chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, said that while he is bullish about Jamaica's future, his confidence would be boosted if the Government publicly discloses, this year, its intention to negotiate...

Customers who use National Commercial Bank's (NCB) automated teller machines will soon have short audio advertisements piped at them offering freebies from companies in the locale.If they visit the advertised business, they can cash in on...

The Bank of Jamaica (BOJ) began intervening in the foreign exchange market again on Friday, ostensibly to maintain stability as the Jamaican dollar passed the $125 mark relative to the US dollar last week.Finance and Public Service Minister Audley...

Telecoms giant Digicel Jamaica walked away with the big prize, Best of Chamber - Extra Large Enterprise, at the 34th annual Jamaica Chamber of Commerce awards on Thursday night.Digicel beat brewing giant Red Stripe Jamaica for the top spot.Fittingly...
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