Phillips backs ex-rate flexibility as boon for balance of payments

Under the current agreement with the International Monetary Fund (IMF) Jamaicans are being encouraged to live within their means Minister of Finance Dr Peter Phillips said on Thursday at the opening of the Budget Debate...

PetroCaribe Fund to distribute $40b in new loans

The PetroCaribe Development Fund (PDF) expects to distribute about $40 billion in loans this fiscal year, and take in just under $45 billion in interest income and repayment of principal from loans previously issued.

ATL retrofits, expands servicing centres

ATL Automotive has expanded its service centres in Kingston and Montego Bay to the tune of $18.5 million, to serve what it described as its growing customer base.The auto servicing facilities at Oxford Road in...

Premium income resilient for life insurers

The assets of life insurers grew to $229 billion last year or 12 per cent more than the year before.

Caymans only rum nab double-gold award

Seven Fathoms Rum from the Cayman Islands won double gold medal at the Wine and Spirits Wholesalers of America conference in Las Vegas, last week, one of four rums to win such an award.

Barbados ponders property incentive for the rich

Barbados is weighing new ways to attract offshore investments. The Central Bank of Barbados (CBB) confirmed this week that the government is contemplating providing high net worth foreigners with the right to hold and own property on the tiny island of 283,000 people.

Jamaican company offers Mandarin for business

Shirlene Dennis, project management specialist and CEO of SDD Professional Development Unit Limited, has added Mandarin Chinese to a suite of training programmes for those who wish to profit from increasing business...

Toyota Camry gets top-to-bottom makeover

Shaken by the advances of newer, sportier rivals, the Toyota Camry is trying to shed its vanilla reputation. The redesigned 2015 Camry, unveiled Wednesday at the New York International Auto Show, is longer and wider, with a large, aggressive grille and chiseled sides.

Why high oil prices are actually good for airlines

Airline executives frequently complain about fuel costs. But the truth is higher prices actually have been good for business.

Scientists tether lionfish to Cayman reefs

Research done by United States scientists in the Cayman Islands suggests that native predators can be trained to gobble up invasive lionfish that colonise regional reefs and voraciously prey on juvenile marine creatures.

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