US$72m trade bill - Jamaican exports face heavy duties if no deal struck with Europe
Failing to agree to a new trade pact with Europe could add US$72 million (J$5.1 billion) to the export bills of Jamaican traders, in the form of tariffs, Prime Minister Bruce Golding said yesterday, the first time that the potential fallout has been...
Citi names new CEO, chairman
Citigroup Inc.has named Vikram Pandit its new chief executive officer (CEO) and a member of the board of directors, the board announced Tuesday, saying the appointment is with immediate effect. Sir Win Bischoff, who has been running Citi as interim CEO since November 4...
Francis steps down as Salada chairman - Makes way for new owner to restructure
Bevon Francis, after three years, has given up the chair of Salada Foods Jamaica Limited to pursue other interests.The resignation takes effect on December 31, 2007. His departure, which comes at the end of the financial year, but ahead of the next annual general meeting...
Regional disaster insurance facility to make first payouts - Quake damage in Dominica, St Lucia trigger policies
The Caribbean Catastrophe Risk Insurance facility (CCRIF) is to make its first payout of US$1 million to Dominica and St. Lucia for earthquake damage from a November 29 tremor. "Based on initial data from the United States Geological Survey (USGS), the earthquake exceeded ...
BNS tops JSE Best Practices awards
The William Clarke-led Bank of Nova Scotia Jamaica Limited/Scotia Group Jamaica was tagged overall winner of the Jamaica Stock Exchange Best Practices Award to cop the Governor-General's trophy presented at the December 5 ceremony. The bank also won....
Flow buys out Allied Cablevision - Seventh acquisition in 18 months.
Flow Communications, the fast-growing telecommunications company in which billionaire investor Michael Lee Chin has substantial ownership, has acquired another cable company, Kingston-based Allied Cablevision Limited. The acquisition last Friday was Flow's seventh in 18 months...
Fed slashes interest rate - Quarter-point reduction meets market expectations
The United States Federal Reserve cut a key interest rate by one quarter of a percentage point Tuesday, trying to keep the country out of recession. The reduction in the Federal funds rate to 4.25 per cent marked the third rate cut in the past three months....
Taxes flat but deficit contained by spending cuts - Some off-budget expenditure brought on to books
Jamaica's primary surplus reached $30.7 billion over the fiscal year to date to October, a performance that was 33 per cent better than projected when the budget was cast in April, the Finance Ministry has reported. The Government has also bested other fiscal targets...
IMF cautiously optimistic about growth for Jamaica, region - US slowdown could truncate GDP gains
The International Monetary Fund (IMF) is now projecting that Jamaica's economy will grow only by slight 1.4 per cent in 2007, making it the worst performer in the hemisphere - outdone even by poor Haiti whose...
Career: How to manage employees in remote locations
Thanks to technology and globalisation, more and more business teams are working together across state lines and international borders.
The dimensions of design
In today's world, information with impact is becoming the buzzword. Multimedia has become a one-stop solution for such communication demands.
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