C&W Pension fund selling $2b worth of property - Towers, New Kingston Shopping Centre on the block
Three of the capital's finest pieces of commercial estate - The Towers, the New Kingston Shopping Centre and former drive-in cinema in New Kingston - as well as the Fair View Shopping Centre in Montego Bay, have been put on sale by their owner, the Cable & Wireless Pension Fund...
NCB opens 48th branch
The transformation of the old courthouse in the town centre of Port Antonio is complete, and the historic structure now houses a new branch of National Commercial Bank, developed at a cost of $131 million...
Tank-Weld bracing for port rivalry
Even before the first shipload of steel rolls in next month at the new $2.3-billion Rio Bueno port in Trelawny, the Bicknells, who own the facility, say their entry in the market is expected to stir up rivalry and are bracing for the response of existing players...
Port Authority gives Zim exclusive use of new western berth
Israeli cargo shipping line, Zim Integrated Shipping Services Limited, which has a 10-year agreement with the Port Authority of Jamaica to use Kingston as a hub, has been allocated space at the newly built Western Berth, according to Port Authority of Jamaica...
PetroCaribe oil falls short of supply - Chavez agrees more favourable financing terms
Caribbean countries can now retain up to 60 per cent of their oil bill with Venezuela as a long-term loan, up from the 50 per cent that the original agreement stipulated three years ago. But oil must stay above US$100 per barrel for the new terms to hold...
GM to cut workers, production, dividend
General Motors (GM) Corp said, on Tuesday, it will lay off salaried workers, cut truck production, suspend its dividend and borrow US$2 billion to US$3 billion to weather a severe downturn in the United States market. GM said the moves will raise US$15...
Technological change and job mobility
Technological changes and innovations have changed our lives in many ways. From what we wear to how we communicate, technology is playing a significant role in our lives. Job mobility has also been significantly affected by this facet. The rapid change in technology had made...
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