failing its businesses
NEARLY HALF of Jamaican businesses fail to survive the early start-up years, a study conducted by the University of Technology (UTech) has found. The main obstacles to their survival are high taxes, bureaucracy, and red tape, according to the study...
Cable and Wireless Pension Fund nabs posh property
CABLE AND WIRELESS' Pension Fund has paid US$3 million ($200 million) to acquire a small commercial complex at 8 Olivier Road, in the upper St. Andrew community of Constant Spring from the property management
Bear Stearns says Jamaican economy showing mixed signals - Cautious about growth target
BEAR STEARNS, the American investment house that has been Jamaica's lead broker in the international money market in recent years, is cautious about Government's growth projections, causing the company to maintain its 'Single B' rating...
Microsoft to end support for older operating systems
Newsday: USERS RUNNING Windows 98, Windows 98 Second Edition (SE) or Windows Millennium Edition (ME) won't be able to count on Microsoft for help after July 11. The computer software company is doing away with security updates and tech support...
More consolidation coming for general insurance industry, says Paul Lalor
WESTERN BUREAU: PAUL LALOR, chairman of the Insurance Association of Jamaica (IAJ), says insurance premiums must rise if the general insurance industry is to be financially viable, but there also may be more consolidation ahead.
Wage inflation without productivity clauses
THE LIKELY escalation in the public sector wage bill will put huge pressure on the ability of the Government to close the fiscal deficit. One clear outcome of the wage hikes that are taking place will be wage inflation, in the absence of mandated...
Big rewards from T&T projects
PORT-OF-SPAIN (Trinidad Express): ENERGY MINISTER Dr. Lenny Saith says Trinidad and Tobago will only get wealthier in the future, with the investment of US$1.564 billion for the establishment of two manufacturing facilities.
Jamaica needs change in economic policy emphasis
JAMAICA'S DEBT to GDP ratio has fallen significantly since its peak of 150 per cent in 2003, which in simpler terms means our total debt was 50 per cent higher than the country's entire national output at that time.
Grace initiatives promise improved long-run margins
GRACEKENNEDY (GK) REVISED its five to 15 per cent growth expectations for 2006 to between minus five per cent and plus five per cent against a backdrop of a 13.7 per cent drop in profits for the first quarter (Q1) for 2006. Sluggish earnings.