Culture exports trump financial services

Jamaica earned more net foreign exchange from cultural services which includes music, sport and film at US$23.8 million (J$2b) in 2010, than from services in finance, business, insurance and construction combined, according to newly released Bank of Jamaica (BOJ) data.

UTech hospitality school to cost J$451m

The University of Technology has selected HDB Construction Limited to develop its new hospitality school, but needs Cabinet to sign off on the contract valued at J$450.99 million.

Snapshots

The Port Authority's Rosalie Donaldson and Transport Minister Mike Henry (right), step up for the trophy presented by World Travel Awards founder Graham Cooke (centre) for the Historic Falmouth Cruise Port, which was selected as the Leading Tourism Development Project in the Caribbean.

Newport Fersan to develop new pier

Fertiliser company Newport Fersan Jamaica will be developing a pier to accommodate large ships as the company looks to overseas markets in search of growth.

Crisis has potential to split the EU apart

The news from Europe is not good. So serious has its sovereign debt crisis become, that at worst it threatens not only to bring down the eurozone but also to make unviable the European integration process.

Shelter Life offers no haven 20 years later

In December of 1991, I bought a Shelter Life Policy with Jamaica Mutual Life Assurance Society. The premium was J$544.10 per month. My beneficiary would get J$300,000 when I died. I paid the premium for nearly 20 years and only took J$25,000 and J$12,000 from the policy. Now I am told that I have four options to keep the policy relevant.

Taking the very long view in strategic planning

As companies set up their annual strategic-planning retreats, there is a natural temptation to forget about the future, and focus on today. While the recession has driven us to examine daily cash flow, it is a mistake to think that the long-term future doesn't matter.

Barbados, Panama exploring air links

Barbados and Panama are 'on the verge of cementing air links as a vital element' in their efforts to strengthen cooperation in the areas of tourism and culture.

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