Jamaica Gleaner Business
Published: Monday Wednesday | June 24, 2009
JEP reacquired by Conduit - Power firm hunts funding for Old Harbour, overseas projects
Jamaica Energy Partners (JEP) has changed ownership once again, and is back in the hands of the same private-equity fund that sold off the company a year and a half ago to a Dominican Republic outfit. New York-based Conduit Capital Partners... Read More...
LIME 3G hits the market - Roll-out starts in the capital, islandwide coverage to be phased in
Saying its new mobile service will be 20 to 100 times faster than other high-performing technology, LIME Jamaica will, starting today, roll out its 3G service to its subscribers. But LIME, which is not saying just how much new business it expects... Read More...
Kingston Wharves scales back port operation
Staring at a near 40 per cent decline in cargo movement, Kingston Wharves Limited says it will shutter a 68,000-square foot warehouse within a week at berth five, and is likely to do the same with another 75,000-square foot storage... Read More...
Viera says budget cuts stall incubator plans
Budget cuts executed by the Ministry of Industry, Investment and Commerce have left the Jamaica Business Development Corporation (JBDC) with some 20,000 square feet of underutilised office space that was meant to be transformed into an incubator for start-ups... Read More...
Judge allows failed Clico to sell property
Guyana is allowing a failed insurance company to sell prime real estate in the South American country to honour its commitment to policyholders and pension fund contributors. Chief Justice Ian Chang said Saturday... Read More...
Falling fuel prices close Aruba refinery
Valero Energy Corp will close its Aruba refinery for at least two months this summer, saying falling prices for its refined products make the plant less profitable. The refinery, which now processes about 275,000 barrels a day, will be completely offline... Read More...
USVI sues gaming company - Cites failure to pay taxes
The US Virgin Islands sued a gaming company on Monday for allegedly failing to pay taxes on lucrative video lottery machines for nearly six years. The cash-strapped government said in a prepared statement ... Read More...
In quality survey, Toyota still king of autos
Lexus, Toyota Motor Corp's luxury line, was the top brand in the JD Power and Associates' initial quality study released Monday.The annual survey of vehicle owners, which measures mechanical and design... Read More...
Madoff lawyer seeks 12-yr sentence for client
Bernard Madoff's lawyer has told a judge scheduled to sentence the disgraced financier next week that 12 years in prison would be sufficient punishment for his client.Madoff has admitted that he swindled tens of billions of investor's dollars in one of... Read More...
Coping with abuse on the job
Walking away from your job is far from the only option to be exercised when faced with abuse. If the abusive person is your manager, the abuse is not always intentional. For example, some managers believe that issuing harsh treatment to employees... Read More...
