Report funded by JPS backs monopoly, coal and LNG conversion

An international team of consultants has recommended that Jamaica pursue, as a top priority, changing the main fuel for generating electricity to liquefied natural gas (LNG) or coal, saying it would result...

Pengelly wades into 'costly' tax-reform battle - New JMA head also proposes manufacturers' registry

Brian Pengelly takes over the presidency of the Jamaica Manufacturers' Association in the midst of tax reform that he sees as potentially harmful to the productive sector and could end up adding millions...

Changing of the guard

Two of Jamaica's most iconic blue-chip companies will transition to new leaders today.At GraceKennedy Limited, Don Wehby takes over as chief executive officer of the food and financial services conglomerate, replacing Douglas Orane who stays...

Chang quits Lasco Distributors

The Lasco affiliated companies made their junior market debut only last year, but one of the principal actors in the group has announced that he is moving on - sort of.Anthony Chang, managing director of Lasco Distributors Limited, will demit office...

Jammin Java announces new distribution deal

Jammin Java Corp, a debt-ridden coffee start-up chaired by Rohan Marley, will embark on an ambitious marketing and distribution campaign costing nearly US$600,000 (J$51 million) over the next 12 months. The projections...

Petrojam assessing FCIB, other pitches on hedging oil bill

FirstCaribbean is lobbying regulators and the monopoly oil refinery as it works on a plan to sell hedging services to the Jamaican Government relating to its oil purchases. Petrojam and the Office of the Utilities Regulation ...

Leon mum of new IMF reviews, says growth a collaborative process

Jamaica's crime rate has stymied growth by five to seven per cent, making it the single largest impediment to boosting the economy, according to International Monetary Fund (IMF) Senior Resident Representative Dr Gene Leon. But, concurring with a recent...

AMG share offer oversubscribed

The AMG public offering of shares was oversubscribed by close to four times the $57.8 million target within half an hour, lead broker and financial advisor Stocks and Securities Limited said Wednesday.The broker received 300 applications totalling some...

IMF and Christine Lagarde: Change but no change?

Expectedly, for all but dreamers, naive Third World cohorts if you will, the International Monetary Fund board named Christine Lagarde managing director. Pleasantly smiling in Paris' National Assembly on Tuesday, she accepted congratulatory greetings...

Letter: Erasing housing blight best tackled as 'common-unity' effort

Regarding your article of June 26, 2011, titled 'UDC's J$1,200 mortgage plan: Developer begins clean up of downtown housing rot', this is a great start to an idea which will have far-reaching...

Chávez's health delays LAC summit

Venezuela's government postponed next week's summit of Latin American leaders Wednesday, citing President Hugo Chávez's health as he recovers from surgery in Cuba. The decision to put off the July 5-6 meeting until later this year was announced ....

Uproar in Belize - Court says forced acquisition of telecom unconstitutional, but gov't ignores ruling

The Belize government said this week that despite a court ruling it remains in control of Belize Telemedia Limited (BTL), the lone telecommunication company...

Greece clears final hurdle to get bailout funds

Greece bought itself time to deal with its crippling debt crisis Thursday after lawmakers passed the second and final austerity bill essential for the release of crucial bailout funds that will prevent the country from defaulting next month...

Record corn crop projected

American farmers have planted the second-largest corn crop in nearly seven decades.The US Agriculture Department said Thursday that the size of this year's corn crop will be 92.3 million acres.The only crop larger in the past 67 years was planted...

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