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Jamaica Gleaner Business
published: Wednesday | June 13, 2007

$500m control tower for Sangster airport - To replace 50-year-old structure
The Civil Aviation Authority (CAA) is to invest half a billion dollars over the next financial year in the construction of a control tower at the Sangster International Airport in Montego Bay, which will replace the current structure said to be over 50 years old.

Rising PetroCaribe debt - Air Jamaica biggest beneficiary

Jamaica's PetroCaribe debt to Venezuela has climbed to $17.998 billion at April 30 as Kingston waits out the two-year grace period allowed by Caracas on the financing component of the agreement. "Repayments are not yet due as we are still in the moratorium period,"...

Supreme Ventures Limited reports strong performance - George also predicts good third quarter

After several disappointing periods which saw its profits dragged down by rising expenses, Supreme Ventures Limited (SVL) has posted improved second-quarter earnings, bolstered by increased revenues from its various business segments.

Risk reduction programme for small companies - MSME Alliance to tackle access to credit

The Institute of law and Economics (ILE), working with the Technology Innovation Centre, a unit of the University of Technology, will be teaching risk reduction techniques to small businesses to make them more saleable as candidates for loans and other financing.

'No money for LIAT' - Castries ... has reiterated its preference for a policy on regional carriers.

The St.Lucia government says it will not be giving new financial support to regional airline LIAT, but is instead considering alternatives for intra-regional travel. Tourism Minister Allen Chastanet said the decision was made at a Cabinet meeting...

Williams reappointed T'dad central bank governor

Ewart S. Williams has been reappointed Governor of the Central Bank of Trinidad and Tobago (CBTT) for a second five-year term, effective July 17, by President George Maxwell Richards. Williams was first appointed July 2002.

Ford confirms review of Jaguar and Rover - Possible sale sparks concerns

Ford Motor Company said yesterday it was reviewing its position on Jaguar and Land Rover, and union officials pressed for more information amid reports that the two brands were up for sale. John Gardiner, a spokesman for Ford's Premier Automotive Group,...





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