Thursday | May 23, 2013

Business

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Jamaica to amend CARICOM skills law

The JamaicaN Government is to table amendments to the Caribbean Community (Free Movement of Skilled Persons) Act so as to broaden the categories of skilled nationals able to access jobs in other regional countries.Labour and Social Security Minister...

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CDB president urges region to focus on growth

The board of governors of the Barbados-based Caribbean Development Bank (CDB) began a two-day meeting in St Lucia with a warning to regional countries that while they urgently need to address their fiscal and debt issues, a narrow adjustment programme...

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Cuba activates fibre-optic cable link with Jamaica

An American company that monitors global Internet traffic says Cuba has activated a branch of its submarine fibre-optic cable that connects to Jamaica, giving it greater bandwidth and a backup in case the main leg to Venezuela is not available.Senior...

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Panton and partners acquire KIG

A group of investors, including chief executive officer of Progressive Motors, Jeffrey Panton, has acquired Kingston Industrial Garage (KIG), Jamaica's oldest car dealership and one of the remaining assets Lascelles deMercado has sought to divest....

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Phillips, IMF defend 'strenuous' fiscal target for Jamaica

The fiscal conditionalities of the new International Monetary Fund (IMF) agreement are strenuous, but necessary, IMF mission head Jan Kees Martijn and Finance minister Dr Peter Phillips argued Tuesday, amid scepticism that Jamaica can hold to its...

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NIF amends outsourcing model for Braco - Gets go-ahead to negotiate deal with Meliá

The National Insurance Fund (NIF) said this week that Cabinet has provided written confirmation of its approval of the Meliá Hotels group as prospective managers for the Braco resort property in Trelawny...