Jamaica buys $6b disaster insurance - Inner workings of the Catastrophe Risk Scheme
Jamaica's US$4 million premium has bought it US$94.4 million (J$6.5 billion) of insurance coverage for hurricane and earthquake damage under the Caribbean Catastrophe Risk Insurance Facility (CCRIF), the Financial Gleaner has learned. Operators of the facility, Caribbean Risk)...
Rebranding the University of the West Indies - Professor Harris hits a new 'stride'
Professor E. Nigel Harris, vice chancellor of the University of the West Indies (UWI), is a career academic with a practical mind and the heart of a salesman. In two years, he has diagnosed UWI as being desperately in need of modernisation, and has come up with a new blueprint...
Foreigners exploit popularity of Jamaican brand
The popularity of Jamaica as a brand in the international market has given rise to a number of products that are made elsewhere, using raw material sourced from foreign countries, but which lay claim to the name. Currently on the market is a product called 'Jamaican Jerk Paste'...
Jamaican investors stream high-speed data via electrical plugs - To roll out product in local hotels
IVA Communications, a group of investors with Jamaican connections, is rolling out a new form of telecommunication in local hotels, called iWire, which enables broadband access over electrical wiring. The system uses power outlets for high-speed data transmission....
Alcoa withdraws hostile bid for Canadian rival Alcan
Alcoa Inc. withdrew its US$28 billion offer to buy Canadian aluminum rival Alcan Inc. on Thursday after being outbid by mining giant Rio Tinto. Rio Tinto's bid of $38.1 billion in cash, announced hours earlier, exceeded the unsolicited offer launched by Alcoa in early May...
ANALYSIS - Budge on the path to first-world status
The beginning of the election campaign would seem an appropriate time for Jamaicans to consider whether our current economic policies and budget priorities can move Jamaica from a third world to first-world country, as Prime Minister Portia Simpson Miller has argued...
China cancels debt owed by Guyana
China has agreed to write off the G$3.13 billion (US$15.3 million) debt owed to it by Guyana, according to an official statement issued in Georgetown on Wednesday. The debt forgiveness deal, and a memorandum of understanding on group travel to Guyana...
Poultry farmers worried about stalemate over US chickens
A decision by the St.Lucia government to implement more measures governing the importation of chickens from the United States could propel the sector into crisis, farming interests say. "If a solution is not found, the whole broiler industry in St. Lucia is going to be in trouble...
COMMENTARY - Election fever and high-return schemes
Over the past few weeks friends have discussed many questions with me. Also, whenever I have met someone, previously a stranger, who recognises me from my picture in this paper, I have been asked two questions: First, my take on whether the PNP or the JLP will win the upcoming general....
Red palm mite threatens Caribbean coconut industry
A tiny mite commonly found in Asia and capable of rampant destruction on coconut palm trees and possibly bananas, is attacking fauna here, a research agency has said.The red palm mite was confirmed in Jamaica two months ago, according to Bruce Lauckner...
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