Couples Group to build $3.7 billion hotel
The Couples Group is to build a new 370-room hotel in Trelawny, to be sited near the multi-billion Harmony Cove luxury tourism development that Government is now negotiating with foreign investors. Couples has already signed a water supply deal ...
Profit growth elusive
More than three-quarters of the 22 listed firms that have already filed financial statements for this year's June quarter, reported either a decline in profits or a loss for the quarter, when compared with the same period last year...
JSE trades $209 million over four days
The main JSE Index recorded its fourth straight day of decline yesterday in a week characterised by thin trading volumes. At the close of business yesterday, the Index dipped to 81,993.78 points, a decline of 278.39 points...
National Water Commission (NWC) to hunt US$18 million on capital markets to expand Martha Brae project
The National Water Commission (NWC) will head to the international capital market to raise US$18 million (J$1.19 billion) to finance a new component of its ongoing Martha Brae project. The water agency has already selected the French company...
Innswood sugar land deal on hold
Jamaica will make it a conditionality of the divest-ment that sugar lands be made available to private estate owners. But Agriculture Minister Roger Clarke was careful not to sell it as a done deal while signalling that Innswood was unlikely...
Jamaica Public Service (JPS) profit up 26% in June quarter
The Jamaica Public Service (JPS), the light and power company, reported a 26 per cent increase in net profit in the quarter to June 30, its after-tax earning moving from $472 million for the corresponding period last year to $593 million.
Kingston's poor grow 50% in a year
Poverty in the Kingston Metropolitan (KMA) jumped 50 per cent in 2004 even as the number of poor people across Jamaica dropped that year by two percentage points to 16.9 per cent, reflecting an overall 11.5 per cent decline in poverty levels...
Trans-Caribbean to build new fibre link to Cuba
Trans-Caribbean Cable Company Jamaica Limited (TCCC Jamaica) has applied for an expansion of its licence to construct fibre-optic links to Jamaica, but with the matter still under review by regulators, its principals were cagey about their plans.
National Housing Trust (NHT) fears diversion of contributions if statutory taxes merge
The finance Ministry continues to flirt with the idea of merging payroll taxes, and is awaiting the results of a new study to make a final determination. But Earl Samuels, mana-ging director of the National Housing Trust...
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