Christie launches LNG probe

Concerned about the possibility of bid-rigging and the use of insider information by the former Petroleum Corporation of Jamaica (PCJ) chairman, Ian Moore, the Office of the Contractor General (OCG) yesterday launched an investigation...

Barita plans new product push to offset income loss

Barita Investment Limited is eager to expand its product offering to cauterise the loss of income stemming from Jamaica Debt Exchange (JDX), the strengthening of the Jamaican dollar and the financial sector's move away from heavy reliance on repurchase...

FirstCaribbean cuts loan rates

FirstCaribbean International Bank Jamaica will cut its prime lending rate by two percentage points effective July 1, lowering it to 18.25 per cent in a move the bank is attributing to the success of the debt swap in February and the performance ...

JPS 'eyeing' 8-MW hydro plant at Great River

Jamaica Public Service Company Limited has secured a Japanese grant to study whether the Great River in St James has sufficient juice to produce electricity on a commercially viable basis.The river, which runs close to the border of Hanover...

PCFS plans J$632m share redemption

Pan Caribbean Financial Services Limited (PCFS) has notified the market that in two weeks, it will move to redeem more than three million preference shares, or exactly half the stock units issued over two years ago when...

Sagicor closes deal with Bahamas firm

Sagicor Life Jamaica has closed the sale of its general insurance business in Cayman Islands to Bahamas First Holdings Limited, but said Friday it continues to maintain a presence in that country through its other holdings....

Campbell, Bernard for JC honours

Jamaica College (JC) alumni will tonight pay tribute to two Jamaican businessmen at the association's annual dinner.Michael Campbell, the chairman of Island Car Rentals, and Michael Bernard, managing director of cigarette distributor Carreras Group...

The Caribbean's role in the future of whaling

Six eastern Caribbean countries may well hold the key as to whether or not the 1986 global ban on commercial whaling is overturned, thereby opening up the Southern Ocean Whale Sanctuary around Antarctica to hunting.

International business - Oil company execs slam drilling ban

Oil executives sharply criticised United States (US) President Barack Obama's six-month ban on deep-water drilling at a major industry conference Tuesday, saying the world did not have enough other sources of oil to eliminate using deep-sea rigs.

Liquidators removed from Stanford case

High Court Justice Errol Thomas has ruled in favour of Canadian investor Alexander Fundora to remove the Antigua-appointed Vantis Business Recovery Services from the Stanford case.

Jamaica, Haiti to consort with the powerful

CARICOM countries will finally have a voice at a major forum of world leaders that precedes this month's Summit of G20 countries in Toronto.Jamaica and Haiti are among 10 countries...

Jan for 2011 OECS economic union

Dr Denzil Douglas, chairman of the Organisation of Eastern Caribbean States (OECS), says an economic union among member countries should start to take effect early next year, following last Friday's historic signing...

Cracks detected in American Airlines' 767 planes

American Airlines is inspecting 56 of its Boeing 767 jets after cracks were detected on at least two planes. American spokesman Tim Wagner said Tuesday the cracks were discovered in the pylons that attach...

German auto market back in play

Germany's car industry, the backbone of Europe's largest economy, is booming again. Fuelled by the huge appetite for German luxury cars in China and the fact that the plunging euro has made European products cheaper abroad, manufacturers...

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