Government of Jamaica to subsidise new transport centre
A Transport Ministry spokesman on Tuesday admitted that the new, state-of-the-art transport centre in the hub of Half-Way Tree in St. Andrew is likely to cost four times the income it generates to keep the facility running. "There is a projected $75 million gap between what is projected...
Digicel reports 6 million subscribers - Haiti on top but Jamaica strongest on revenues
Digicel Group said Tuesday that its regional customer base now tops six million, with Haiti equalling Jamaica in market size with 1.8 million each at September 2007. But given Haiti's growth rate, said Digicel - it added 400,000 clients in six months atop the 1.4 million recorded...
Olint blames bank for payment delays
Olint TCI Corporation has advised that it is in discussions with the "highest levels" of government regarding the regulation of its activities, but was sparse on the details. The investment club, in a circular issued Friday under the name of CEO David Smith, also acknowledged...
JMMB 12.25% preference trades higher at launch
The two Jamaica Money Market Brokers preference stocks were listed Monday on the Jamaica Stock Exchange with the 12.25 per cent instrument notching a five cent gain on the first day on trades of 1.7 million units. The 12 per cent pref did not trade.JMMB in December offered...
Citi loses almost US$10b - Slashes dividend, jobs
Citigroup Inc. lost almost US$10 billion in last year's final three months, the largest quarterly deficit in its 196-year history, and slashed its dividend and 4,200 jobs as it recorded a mammoth write-down for bad bets on the mortgage industr
Jamaica Stock Exchange's (JSE) selects Bernal for inaugural Regional Award
Ambassador Richard Bernal has been chosen as the first recipient of the Jamaica Stock Exchange's (JSE) inaugural Regional Award, to be conferred at a capital markets conference in Montego Bay this month."We believe that by the service that he has given to Jamaica and the Caribbean...
Intimacy, transparency in cyber relationships
Saying that you met your spouse on match.com or Facebook may no longer raise eyebrows. The fact is that online communication has not only impacted the business world; it has equally impacted our personal lives. Yet even in this very digital era, biology always wins over technology...
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