Jamaican geographer to develop geothermal energy plant

Geographer and businessman Krishna Vaswani aims to raise US$4 million of financing in order to set up a 15MW clean-energy facility.The project, based on geothermal energy - heat from underground - would cost US$15...

BOJ to regulate bill payment companies - Costs likely to rise

Fifteen years after Audrey Marks pioneered the service, the Bank of Jamaica (BOJ) has decided to add bill-payment companies to its list of regulated entities.The market has three registered players...

Cambios get hearing from BOJ, more talks to follow

A meeting between the Cambio Association of Jamaica and the central bank on Tuesday made no immediate advances on repairing business relations between the foreign-exchange traders and their banks, but more discussions are pending."...

NCB IPO pricing set for February 6

National Commercial Bank (NCB) Jamaica kicked off a big city roadshow Thursday, led by chairman Michael Lee-Chin, to sell its pending initial public offering (IPO) to prospective investors...

Jamaica is not Greece! It's more like Japan - Fisher

This article was originally published online on Wednesday, January 23, 2013.Jamaica's financial quandary resembles Japan more than Greece, says Oppenheimer managing director Gregory Fisher...

Used-car shipments piling up at the port - Dealers might be misreading market says Reese

The Jamaica Used Car Dealers' Association (JUCDA) is blaming a rise in penalty fees and miscommunication with suppliers in Japan with the high number of motor vehicles...

Rainforest bets on Caribbean push

Brian Jardim, chief executive officer of Rainforest Seafoods Limited, says that having wrapped up the J$1-billion expansion at Slipe Road, his next round of investments will be in new lines of ready-to-eat...

In search of 'voluntary but necessary' debt forgiveness

Our huge national debt, about J$1.7 trillion, and that elusive agreement with the IMF have been our focus in Jamaica for the past two or three years.Given that our debt to GDP is about 140 per cent and growing, it is natural that it should have occupied...

Development strategy under fiscal constraints

It should be evident, even to the most committed advocate of free or 'perfect markets' that devaluation of the Jamaica dollar does not really deliver increased exports and decreased imports.

Power wheeling programme must include solar and wind

Last month, electricity regulator, the Office of Utilities Regulation (OUR), released recommendations for Jamaica's anticipated electricity wheeling programme...

Tax-dodging businesses in the cross hairs

British Prime Minister David Cameron said Thursday he will use his country's year-long presidency of the G-8 to target tax-dodging tactics by businesses.Public anger has been mounting in Britain after lawmakers accused major multinational companies...

Oil at US$96

The price of oil rose Thursday on positive economic news from the United States and China.Benchmark oil gained 72 cents to US$95.95 a barrel on the New York Mercantile Exchange.There are signs that oil demand is picking up in China.

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