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Business

Published:Friday | January 8, 2010 | 12:00 AM

"The virtual world knows no national boundaries." This complicates many of the dangers that lurk in cyberspace which are founded in the laws of different countries.Cleveland Allen, associate attorney at the New Kingston law firm Patterson Mair Hamilton...

Published:Friday | January 8, 2010 | 12:00 AM

Jamaica's central bank Governor Brian Wynter is confident the economic doubts that caused the domestic financial market to reject recent government bond offers will be lifted, removing the need for continued Bank of Jamaica (BOJ) lending, except in the most extreme...

Published:Thursday | January 7, 2010 | 12:00 AM

Jamaica's letter of intent to the International Monetary Fund (IMF) is now ready, meaning the country could be just weeks away from signing a US$1.2-billion loan agreement with the IMF.

Published:Thursday | January 7, 2010 | 12:00 AM

THE POLICE High Command is warning against public protests that could result in damage to property.

Published:Thursday | January 7, 2010 | 12:00 AM

HUNDREDS OF trash trucks across California are rumbling down city streets using clean fuel made from a dirty source: garbage. The fuel is derived from rotting refuse that San Francisco and Oakland residents and businesses have been discarding in the Altamont landfill since 1980.

Published:Thursday | January 7, 2010 | 12:00 AM

NINE MONTHS after Windalco suspended production at its Ewarton refineries, the bauxite company says it will implement a redundancy exercise for its 762 permanent employees at the end of March, this year.

Published:Thursday | January 7, 2010 | 12:00 AM

Snow, ice and wind wreaked havoc on energy markets Wednesday, where a barrel of oil topped US$83 a barrel for the first time since the fall of 2008.

Published:Wednesday | January 6, 2010 | 2:39 PM

Two of Jamaica’s leading advertising agencies have merged and will begin trading as DCC Prism Ltd effective February 1, 2010. The new firm comprised of Dunlop Corbin Communications and Prism Communications Ltd. will combine considerable skills and resourc

Published:Wednesday | January 6, 2010 | 12:00 AM

Grenada's prime minister Tillman Thomas expects the Caribbean island's economy to shrink 1.8 per cent in 2010 before returning to growth in 2011. The gross domestic product fell 7.7 per cent in 2009 due largely to declines in construction...

Published:Wednesday | January 6, 2010 | 12:00 AM

Jamaica Public Service Company Limited (JPS) has put back its first hydro plant back into service, spending US$1 million to add 0.77 megawatt of capacity to the grid.JPS said the Constant Spring Hydroelectric Power Plant that was recommissioned...

Published:Wednesday | January 6, 2010 | 12:00 AM

Australia is providing one million dollars (US$884,500) to the CARICOM Development Fund (CDF), the Caribbean trading bloc has announced, following a meeting between CDF chief executive officer, Ambassador Lorne...

Published:Wednesday | January 6, 2010 | 12:00 AM

Shareholders of Caribbean Cement Company Limited (CCCL) voted Tuesday in favour of the plan that would solidify Trinidad Cement Limited's hold on the Jamaican operation, but would also free the operation of US$15 million ...

Published:Wednesday | January 6, 2010 | 12:00 AM

M&M Jamaica Limited, an engineering and project management firm headed by Don Mullings has landed a $2.7 billion contract from the National Housing Trust (NHT) to develop 834 houses and house lots at Longville Park in Clarendon....

Published:Wednesday | January 6, 2010 | 12:00 AM

Billionaire Warren Buffett's Berkshire Hathaway Inc voted against Kraft Inc's proposal to issue 370 million shares to finance its bid for British candymaker Cadbury PLC, saying the plan gives Kraft...

Published:Wednesday | January 6, 2010 | 12:00 AM

Venezuela is lending the Haitian government US$33 million to turn a run-down airfield in the country's north into a major international airport and boost tourism hopes, a Haitian lawmaker has said.Senate President Kelly Bastien told Radio Metropole...

Published:Wednesday | January 6, 2010 | 12:00 AM

Dr Omar Davies' charge that a $3 billion advance to government by the Bank of Jamaica (BOJ) in November was unsecured funds that amounted to the printing of money, has been followed by an admission from the central bank that its support to the Golding administration...

Published:Wednesday | January 6, 2010 | 12:00 AM

Continuing to bleed from stalled lending to a slowed construction sector, coupled with the stranglehold of a mountain of bad debt, the Jamaica Mortgage Bank (JMB) is set to restart its programme of buying mortgages to provide an additional income stream....

Published:Tuesday | January 5, 2010 | 12:00 AM

The United States Federal Aviation Administration (FAA) is increasing oversight of American Airlines after three mishaps during landings last month.Jetliners' wingtips touched the ground during two landings, one in Charlotte, North Carolina, on December...

Published:Tuesday | January 5, 2010 | 12:00 AM

The race for America's natural gas riches grew more crowded Monday with the announcement that France's Total SA would spend US$2.25 billion to gain new access to deep fields in Texas.Total's deal with Chesapeake Energy Corp comes just three weeks after...

Published:Tuesday | January 5, 2010 | 12:00 AM

If central bank data on the amount of currency that was in circulation during the just-concluded holiday shopping season are to be believed, consumers, despite the anxiety over the new tax package, had a jolly good Christmas after all. The Bank of Jamaica reports...

Published:Tuesday | January 5, 2010 | 12:00 AM

Ask Cedric Linton how he started his business and he will tell you about this long relationship with the Jamaica National Building Society (JNBS) and the role that the society has played in his life and business at BCNS Printers Limited...

Published:Tuesday | January 5, 2010 | 12:00 AM

DUBAI, United Arab Emirates (AP): Dubai opened the world's tallest skyscraper Monday and, in a surprise move, renamed the gleaming glass-and-metal tower Burj Khalifa in a nod to the leader of neighbouring Abu Dhabi...

Published:Sunday | January 3, 2010 | 12:00 AM

The Urban Development Corporation (UDC) has said it will be pushing ahead with plans to redevelop downtown Kingston and is projecting to spend $250 million to rehabilitate the market...

Published:Sunday | January 3, 2010 | 12:00 AM

New mortgages might be drying up as financing houses get increasingly wary of bad debt and first-time homeownership moves further beyond the reach if many, but some banks are reporting a spike in borrowings, using residential property already owned as...

Published:Sunday | January 3, 2010 | 12:00 AM

The real estate market remains in the doldrums but local real estate agents are reporting that rental business volumes increased by as much as 40 per cent in 2009, even as...

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