Jamaica Gleaner Business
Published: Monday Wednesday | July 15, 2009
Negotiation by video - BOJ governor says fully engaged in IMF talks, has no plans to quit
Bank of Jamaica Derick Latibeaudiere on Tuesday rejected as "laughable" thinly veiled suggestions that his absence from talks under way in Washington with the International Monetary Fund (IMF) was indicative of any sort of rift with the administration... Read More...
Tourism fund taps $300 million for highway project - As NWA, parish council disclaim responsibility
Tourism Minister Edmund Bartlett is tapping the Tourism Enhancement Fund (TEF) for $300 million to spruce up the roadway in Rose Hall, encompassing a piece of the hotel strip within his East Central St James constituency. The multimillion expenditure will provide lighting... Read More...
Super Plus sell-off continues - Stony hill store acquired by Oanh Ho
The Wayne Chen-led Super Plus Food Store continues its contraction with confirmation that another supermarket in the group has been sold in a continuing search for cash to clear mounting bank debts. Chen confirmed the sale of the Stony Hill Super Plus store to Oanh Ho... Read More...
Stanford investors sue Antigua for US$8b
Investors from four countries have sued Antigua and Barbuda, alleging in court filings Monday that the twin-island nation benefited from Allen Stanford's operation.The Texas billionaire is facing criminal charges for operating an alleged US$7-billion Ponzi scheme.... Read More...
BNS facility offers a different way to pay
The National Solid Waste Management Authority (NSWMA) has struck a deal with Bank of Nova Scotia Jamaica Limited (BNS) for some 6,000 temporary workers on the agency's payroll to receive their wages electronically. The bank will issue debit cards to the... Read More...
Jamaica willing to re-engage on LNG
Trinidad and Tobago says it can rekindle serious talks for the supply of LNG to Jamaica once it concludes discussions with Caracas later this month on the specifics for their exploitation of a new and rich natural gas field in the seas between Trinidad... Read More...
Cemex fined for alleged tax evasion
Dominican customs authorities have fined cement producer Cemex US$32,000 for allegedly scheming to avoid paying fuel taxes. Officials say the Mexican company attempted to acquire more than 640 tons ... Read More...
Starwood to develop luxury Bermuda hotel
Starwood Hotels & Resorts Worldwide Inc, a United States hotel and leisure company, says it will build a luxury hotel in Bermuda, where the vital tourism sector has been hit hard by the global economic downturn. The St Regis Bermuda would be ... Read More...
Cubans get OK to hold multiple jobs
Cuba is letting workers hold more than one government job for the first time under an overhaul of the island's labour system. A note in state media said the permission was granted under a decree passed by the island's governing councils of state and ministers headed... Read More...
Rio Tinto espionage charge complicates China iron ore talks - World steel hostage to drama
Executives of five Chinese steelmakers are being questioned in a widening espionage probe of four detained Rio Tinto Ltd employees, news reports said Tuesday, as Australia pressed for details of the case.The Rio employees,... Read More...
Singapore emerges from recession
Singapore's economy grew for the first time in a year, soaring 20 per cent in the second quarter, a sign Asia is emerging from the global slump.Gross domestic product jumped an annualised, seasonally adjusted 20.4 per cent in the three months through... Read More...
'Fighting for survival' - BA puts more jobs on chopping block
British Airways's proposed 3,700 job cuts are essential to the company's survival as it faces the "eye of the storm" ravaging the airline industry, chief executive officer Willie Walsh said Tuesday. Walsh told shareholders at British Airways PLC's annual general ... Read More...
Goldman Sachs dazzles Wall Street
Goldman Sachs Group Inc yesterday said its second-quarter profit easily surpassed expectations as profit was buoyed by strength in its trading and underwriting businesses. Long considered one of the strongest banks in the financial sector... Read More...
