$2.3-billion cigarette payback

Jamaica's appeal judges have overturned a Revenue Court ruling that, barring a government challenge, will lead to the reimbursement of more than $2.27 billion in assessment and penalties that the listed Carreras Limited...

Spectrum regulator buys downtown property

Prime Minister Bruce Golding's office is setting an example, which the head of government has already stated he wants others to follow, with the relocation of the Spectrum Management Authority from its swanky uptown location to more moderate...

Spike in stock exchange breaches last year

In the face of a whopping 485 per cent jump in breach of the rules of the Jamaica Stock Exchange (JSE) over the past two years, and last year's marked 43 per cent upswing in violations over the 2008 figure, market authorities have tightened the screws...

Big hotel rate cuts still on to woo visitors

Three months into the winter tourist season, hotel operators say they have been cutting rates by as much as 65 per cent to attract tourists and keep occupancy levels up. While occupancy and revenue figures were not readily available to assess...

Is the GOJ granting Caribbean Airlines exclusive national-carrier status?

One of the matters that need to be urgently addressed by the Golding administration is whether or not it is going to grant Caribbean Airlines exclusive national-carrier status for Jamaica in its current open skies bilateral agreements...

FINSAC just won't go away!

A reader emailed me. I offer the exchange in its entirety before making a few relevant comments: "Over the years, I have read many of your articles and found them balanced on most issues excepting those issues which relate to the previous PNP...

Hylton defends NCB profit surge, FINSAC years

Patrick Hylton, the career banker who has presided over five straight years of profit growth at National Commercial Bank (NCB), is not about to apologise for the strong profits the Michael Lee...

Caribbean and LatAm businesses upbeat for 2010

Despite the challenging circumstances facing economies and businesses around the world, corporate leaders in the Caribbean and Latin America who do business with the United States are upbeat about the future, according to the latest Association of...

Another int'l firm seeks exit from Cayman Islands

SAN JUAN, Puerto Rico: Insurance company United America Indemnity Ltd has announced it wants to shift its legal home to Ireland from the Cayman Islands, continuing a trend of international companies seeking exits from Caribbean offshore financial...

Movements

Danny Williams replaces Miller as Sagicor Life chairman - R. Danny Williams has been appointed chairman of Sagicor Life Jamaica (SLJ), the country's largest insurance company. Williams' appointment took effect February 1....

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