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Jamaica Gleaner Business
published: Friday | December 1, 2006

$9 billion PetroCaribe payout ... Billions flow to Air Jamaica, SCJ
The Jamaican Government has already onlent more than 80 per cent of the US$174 million, which converts to J$9.1 billion of J$11.5 billion of receipts since February under the Venezuelan oil pact, PetroCaribe Agreement.

Air Jamaica losses at 184 per cent of transport GDP... Losses top $63b

Loss-maker Air Jamaica has chalked up a deficit of US$952.8 million ($63.65 billion) for its financial year to December 31, 2005, a position likely to make it even more difficult for the airline's management...


SuperClubs to operate new hotel in Panama under Breezes brand

John Issa has landed a 10-year deal with Sunstar Hotel and Development SA to operate a 300-room luxury Breezes resort in Bijao, a luxury community in the province of Cocle, Panama.


A $330m IT reformation for Capital & Credit - no job cuts planned

The Capital and Credit financial services group is injecting US$5 million ($330 million) into its IT backbone as a booster shot to its operations. By the end of year 2007, the group intends to offer Internet banking with the help of new software...


Ray Chang-SeaNG alliance hunting compressed gas contract from Jamaica

A Canadian firm in alliance with Raymond Chang has entered into talks with the Jamaican government to supply compressed natural gas (CNG). Sea Natural Gas Management Corporation (SeaNG) is also promising that it can deliver natural gas...


Cuban boom fuelled by US$3b jump in foreign exchange ... BOP positive despite US embargo

HAVANA, Cuba (Reuters): Cuba's foreign-ex-change earnings swelled by some US$3 billion this year due mainly to a jump in service exports, a government source with access to trade data said on Wednesday. The communist-run country's balance...


Delayed capital programmes push Oct spending off target

Delayed capital spending for the first half of the fiscal year running to next year March finally caught up with the central government during October when public finance officials forked out $3 billion more than programmed...


Caribbean Airlines to take flight with 'clean' balance sheet, says Lok Jack

Port-of-Spain has taken a majority share of the new Caribbean Airlines (CA), replacement carrier for BWIA, a government official said this week, but without spelling. Tourism Minister Howard Chin Lee said...


Antigua finds allies among super traders in Internet gaming dispute

The World Trade Organisation (WTO) held two days of talks at the top of the week on Antigua and Barbuda's internet gaming dispute with the United States, from which the twin-island emerged optimistic.




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