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Jamaican Business News
Supreme optimism
Despite having to write off plans to expand into Trinidad and facing higher liabilities for its main revenue earner, Cash Pot, Supreme Ventures executives are projecting an 85 per cent increase in net profit for 2008.
...
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A respite from high gas prices
Jamaican consumers can expect a slight ease in gasoline prices over the next few months as concerns over a US recession will likely push the price of its main input - oil - downwards in the near future, believes Dr Raymond Wright, consultant and...
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Bookmakers once again seek amendments to licensing requirements
For years local bookmakers have been trying to get government to make amendments to regulations that they say would ease the stranglehold that bureaucratic red tape has on expansion of the business.
At the forefront of the bookmakers' ire is the...
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International Business News
Canadian dollar stays at 8-month low; stocks rise
TORONTO -- Stock markets advanced Wednesday morning in the wake of data showing a strong resurgence in U.S. consumer spending in November. The Canadian dollar was at an eight-month low.
U.S. retailers saw sales rise by one per cent last...
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Oil prices fall on rising supply from non-OPEC nations, mild US weather
NEW YORK (AP) - Crude oil prices slid yesterday, as the market gauged OPEC nations' commitment to cutting oil production and the effect of a mild US autumn on fuel supplies.
Also deflating prices, Iraq resumed pumping oil out of a pipeline in the...
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French economic growth stagnates
Economic growth in France stagnated in the third quarter of the year, official figures show.
Statistics agency Insee reported zero growth between July and September - after a 1.2% expansion in the previous three months.
The abrupt slowdown has...
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Regional Business News
Cricket World Cup will boost Caribbean economies - Antigua PM
Feb 25, 2007
Caribbean nations will reap lasting economic benefits from staging the Cricket World Cup, according to Winston Baldwin Spencer, Prime Minister of Antigua and Barbuda.
Antigua, a 108-square mile
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Construction set to lead economic activity in Barbados
Aug 18, 2006
THE construction sector should again lead economic activity in Barbados in the coming months, though Central Bank economists say a stronger showing should come from some of the foreign-exchange
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More investment needed to boost Guyana's timber production
Aug 04, 2006
Underinvestment in downstream production has resulted in Guyana's forestry sector realising less than 12% of its foreign exchange earning capacity, according to Managing Director of Case
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Shell may sell its assets in Dominican Republic
Aug 04, 2006
SANTO DOMINGO, Dominican Republic (AP) - Royal Dutch Shell PLC will consider selling its Dominican assets, including a 50 per cent stake in the Caribbean nation's sole oil refinery, the company
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IMF official: Trinidad's economy robust but public spending must decrease
Jul 24, 2006
PORT OF SPAIN, Trinidad (AP) - Oil- and gas-rich Trinidad's economy is strong but could overheat unless the Caribbean nation's government slashes public spending, a senior official from the
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RUSAL begins search for bauxite in Guyana
Jun 09, 2006
Private Russian company RUSAL, the second largest producer of primary aluminium in the world and the largest in Russia has began its search for
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BWIA appoints new VP Operations
Jun 02, 2006
BWIA earlier this week announced the appointment of captain Ian Brunton to the position of Vice-President of Operations with effect from June 1, 2006.
Brunton was a pilot with BWIA for 29 years on
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Barbadian investors are reluctant to buy shares in Caribbean markets - Lok Jack
Jun 02, 2006
EVEN WITH ONE of the strongest currencies in the Caribbean, Barbadian investors are still lukewarm about buying shares in other regional markets.
The situation has puzzled Trinidadian businessman
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Grace Kennedy and Company issues 2006 Profit Warning
May 26, 2006
Grace Kennedy and Company Limited is warning its shareholders that profits will be "flat" this year. Indeed, the company is advising that its 2006 profit could be between 5 per cent less or
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B'dos seminar to review CSME
May 24, 2006
Barbados-based National Industry Celebrations Committee will on Wednesday host a conference aimed at strengthening business relationships in the Caribbean Single Market and Economy (CSME).
The
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e-Services plants its flag in St Lucia
May 12, 2006
By the end of this year Patrick Casserley's call centre company e-Services would have created at least 400 jobs for unemployed St Lucians.
e-Services Limited, a Jamaican based company, has announced
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Puerto Rico facing financial crisis
May 12, 2006
Anger has been growing over an impending financial crisis in Puerto Rico.
Puerto Rico's bonds have been downgraded amid continuing disagreement over how to resolve a crippling budget crisis.
The
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Barbados' domestic exports grew by 53.4 per cent in the first quarter of 2006
May 12, 2006
WHILE manufacturing output grew only marginally in the first quarter of this year, the appetite overseas for Barbadian goods increased substantially.
According to the Central Bank of Barbados'
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Dominica PM points to significant improvement public finances
May 10, 2006
ROSEAU, Dominica: Prime Minister of Dominica, Roosevelt Skerrit, has reported a significant improvement in the country’s public finances.
In June 2002, in response to a poor and
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Puerto Rico searches for budget fix
May 10, 2006
SAN JUAN, Puerto Rico (UPI): The Puerto Rican government has agreed to heed a commission's findings on a budget crisis griping the island, El Nuevo Dia reported Tuesday.
Last month some
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Digicel launches in Haiti today
May 03, 2006
As part of its continued expansion across the Caribbean region, Digicel Group will today officially launch its mobile cellular network in Haiti - a project that cost the telecom and its minority
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US$1.5-b petrochemical plant set for Trinidad
Apr 20, 2006
PORT-OF-SPAIN, Trinidad (AP) - Westlake Chemical Corporation plans to build a US$1.5 billion ethylene plant in Trinidad that would help diversify the Caribbean nation's economy, the country's energy
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Alcoa touts US$1.5 billion aluminum smelter for Trinidad
Apr 07, 2006
TRINIDAD (AP) - Alcoa Inc's proposed US$1.5 billion (euro1.22 billion) aluminum smelter in southern Trinidad will bring jobs to the Caribbean nation and help diversify its energy-based economy, a
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Digicel finally enters the Trinidad & Tobago market
Apr 07, 2006
The Caribbean's largest mobile telephone company Digicel, began offering service in Trinidad & Tobago yesterday. This marks the conclusion of a 100-year telecommunications monopoly.
Digicel
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Remittances at US$1.6-b, outstrip tourism, bauxite
Apr 03, 2006
Jamaica had the largest per capita remittances in the region during 2005, with the inflows accounting for 19 per cent of the economy's gross domestic product (GDP), according to the Inter-American
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