Jobs to go at JNBS
A PLAN to introduce new computing systems to improve efficiencies at Jamaica National Building Society (JNBS) will lead to job losses in the new year, according to general manager Earl Jarret. Mr. Jarrett said the Society had implemented a new Phoenix...

Oil price hike pushes Air Ja loss to US$40m
AFTER A long delay in raising crucial financing for national carrier Air Jamaica and a US$20 million rise in fuel costs, the airline is expected to rack up US$40 million in losses this year, according to president and chief executive Chris Zacca on...

Braco sold for US$23 million
THE NATIONAL Insurance Fund (NIF), has acquired the Grand Lido Braco hotel in Trelawny for the sum of US$23 million, after it racked up almost US$40 million in debt. The deal includes both the resort hotel and 48 acres of adjoining real estate. The...