4G quarrel

Lime Jamaica has accused Digicel Jamaica of misrepresenting its WiMax broadband technology as fourth generation or 4G, saying it is more likely being delivered from a 3G platform, but the Irish mobile provider has hit back immediately...

Carib Cement trying to cut J$1.4b salary bill

Starved of operating cash while inventory builds in its warehouses due to a drop in demand and competition from imports, Caribbean Cement Company Limited has revealed plans to reduce its workforce, but says the number is subject to union talks....

AAJ to downsize after NMIA sale

K divestment of the Norman Manley International Airport would likely increase the possibility of a merger of air and seaport oversight agencies, Earl Richards has said.The Norman Manley divestment, which is structured to include the domestic aerodromes...

Jampro pitches big resort projects on Wall Street

With an eye on future earnings, the Govern-ment is marketing to potential investors several resort locations across Jamaica which are slated for development.And to lure them, Jampro is dangling various...

JP to launch new 'Simply Fresh' line of food

Jamaica Producers Group (JP) is upgrading its peeling and packaging facility in Annotto Bay, St Mary, from which the company intends to start delivering to the market fresh produce ready for the pot.The company hopes to bring some of the products...

Factories Corp puts 13 properties on the market

In today's story 'Factories Corp puts 13 properties on the market', the book value of the properties was incorrectly stated as J$589.2 billion.

CLICO policyholders reject 20-year IOU, outline new proposals

The Trinidad and Tobago government has been given a week to decide on new proposals submitted by a group of policy holders of the cash strapped Colonial Life Insurance Company...

Caribbean Airlines to fly new Grenada-Trinidad route

Caribbean Airlines Limited (CAL) will begin a twice-weekly service to Grenada, taking over the route previously serviced by Air Jamaica, whose operation it acquired this year.In April, the Jamaican Govern-ment acquired a 16 per cent stake in CAL as part...

Reform trade policy

The following is taken from the Private Sector Organisation of Jamaica's Economic Policy Framework...

BMW recalling 150,000 vehicles to fix fuel pumps

German automaker BMW AG is issuing recalls involving about 150,000 luxury vehicles to fix faulty fuel pumps that could cause vehicles to lose power.One recall involves 130,000 vehicles...

Ford earns US$1.7b in 3Q, pays down health-care debt

Ford Motor Company's third-quarter net income rose 68 per cent as it grabbed a bigger share of the United States auto market and buyers paid more for its highly rated cars and trucks.It was Ford's sixth-straight quarterly profit and the company's best...

Warren Buffet taps likely successor

Billionaire Warren Buffett renewed speculation about his successor Monday by hiring a new investment manager to handle "a significant portion" of Berkshire Hathaway Inc's investment portfolio.

Working with PWDs

The employment of persons with disabilities (PWD) is a topic that is seldom addressed by business owners. It is believed, often incorrectly, that hiring these persons will result in added expenses such as special equipment to accommodate...

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