Wayne Chen, Lees enter wireless broadband market

A group of Jamaican businessmen of Chinese lineage, including Wayne Chen, have entered the wireless broadband market and have set sight on target markets in under-served rural districts not reached by the any of the top four telecoms....

Economy contracts 1%

The Jamaican economy created J$121 billion of value in the January to March period, but the Statistical Institute of Jamaica (Statin) is reporting that tourism and transport were stars among the sectors that shed value as a group....

RBTT cuts loan rates Aug 1

Jamaica's number three commercial bank, RBTT, has joined other big lenders in a cut of loan rates, effective August 1. The bank is cutting 225 basis points or 2.25 percentage points off its base rate, from 20.

Former E-Services managers building rival call centre

Former executives of the Montego Bay-based call centre ACS E-Services Limited, Karl Graham and David Fullwood are expanding their own call centre operation, Fullgram Solutions Limited.

Jamaica buys less foreign food, cars but still addicted to oil

The savings were relatively small at less than five per cent, but in the first calendar quarter Jamaica's reduced demand for imports cut its spending bill on foreign goods by US$59.5 million, Statin has reported.Jamaica bought fewer chemicals...

Hotels target staycationers with discounts, new product

In the nation said to have more drinking bars per capita than any other, the upscale pub, English-style, has made its appearance. Being marketed primarily to local clients, the Prince of Wales pub...

IMF weighs in on Chinese currency

The International Monetary Fund said China's yuan is undervalued, in a mildly worded assessment on Wednesday of its controversial currency controls, and praised Beijing's response to the global crisis....

VMBS loan delinquencies hit 6.7 per cent

Victoria Mutual Building Society's underperforming loans have almost doubled in the past three years, and is now at the point where regulators sit up and take notice.

Toyota recalls another 428,000 cars

Toyota is recalling 412,000 passenger cars, mostly the Avalon model, in the United States, and another 16,420 vehicles in Japan for steering problems, the automaker said Thursday.The 373,000 Avalons being recalled...

States of emergency not the best ambience for business

Were it possible to avoid the politics of the now lapsed state of public emergency, we might consider a few situations that might help us understand why mere pursuit of states of emergency shall not cure Jamaica's crime and violence problem....

Liat scolds utilities for flight delays

Regional airline, LIAT, is blaming a number of utility service providers for technical failures that have been "negatively impacting its operations".

New tax subsidies for hotels

Jamaica has created a new tax-incentive programme for hospitality companies under which licensed hotel operators can upgrade and refurbish their properties at subsidised cost.The programme, which adds a new layer of subsidy to the existing tax-holiday...

China backs stalled US$2.5b resort plan

China has agreed to finance and build a stalled mega-resort in the Bahamas, where the tourism economy has been battered by slashed occupancy rates and reduced foreign investment during the global downturn....

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