Air Jamaica cuts staff

National carrier Air Jamaica this week laid off 10 pilots and 100 flight attendants, but union representatives said Thursday that the cuts were expected and not directly associated with the pending deal with Caribbean...

Jamaica to overhaul sugar pricing, supervision

Nearly insolvent and still strapped for cash, Jamaica's sugar sector has identified a lifeline in a three-year-old trade deal whose provisions allow for a drawdown of €17 million...

Debt recall to cost NIF $1.2b

The National Insurance Fund's (NIF) participation in the Jamaica Debt Exchange (JDX) will cost it $1.2 billion in the coming fiscal year, Labour Minister Pearnel Charles disclosed in Parliament Tuesday....

Air Jamaica staff re-employment, wet lease of planes still to be resolved

Caribbean Airlines officials continue to interview Air Jamaica staff from as-yet-to-be-determined positions in the new 'Air Jamaica/Caribbean Airlines' entity...

Foreign court judgment upheld against

The Appeal court has given American businessman Richard Vasconcellos the green light to recover more than US$546,000 from local firm Jamaica Steel Works and its principals...

Americans who fell victim to Stanford wants Antigua punished

American victims of the Stanford Financial Group are pressing for the blocking of funding and a travel boycott of Antigua and Barbuda, in a sustained campaign to have the superpower ...

UGI Finance liquidator ready to report to creditors

Dalma James, liquidator for UGI Finance and Investments Limited (UGIFIL), says counting the assets of the 13-year-old company is taking longer than expected, but that he would likely meet with creditors within...

Lehman's 'colorable' path to destruction evokes shades of Enron

On March 11, Aton R. Valukas, examiner for the United States Bankruptcy Court Southern District of New York, presented a nine-volume, 2,200-page report in the Lehman Brothers Chapter 11 matter...

Finsac commission of enquiry

Chapter Two on 'Banking and life insurance industries' of the submission of former chairman of the Eagle Group of Companies, Dr Paul Chen-Young, to the FINSAC enquiry.The phrase 'bailout of the banking...

The real deal on KWL's vehicle hub

The Editor, Sir:We are deeply disappointed at the level of false information contained in the lead article of your Financial Gleaner of February 26, 2010.To begin with:• There was no governmental intervention...

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