Tullow Oil optimistic about Jamaica, Guyana

A Tullow Oil well in Ivory Coast waters

Could Jamaica be the next Caribbean country to profit from oil, following recent finds in Guyana? George Cazenove, Head of Communications for Tullow Oil plc, says exploration in South America continues to be an area of strong interest for Tullow and other industry parties. The recent Guyana oil f ... Read More

Minister of Finance and the Public Service Audley Shaw greets recently installed president of the Private Sector Organisation of Jamaica (PSOJ), Paul Scott, at yesterday’s ninth annual pensions seminar hosted by Prime Asset Management Limited in association with the PSOJ at the Jamaica Pegasus, New Kingston (Photo: Michael Gordon) Banking Sector Shake-Up
Minister of Finance and Public Service Audley Shaw says that two new commercial banking licences hav ... Read More

GEORGE... this is critical for the industry’s survival Gaming industry threatened by de-banking – George
Chairman of the Jamaica Gaming Association and President and CEO of Supreme Ventures, Brian George, ... Read More

PHOTO: Getting a grip on the new IFRS
The latest International Financial Regulatory Standards are inspected by PWC accountants (from left) ... Read More

Digicel’s acquisition of TRES Networks approved

Friday, September 30, 2016    

Digicel in downtown Kingston

Digicel Group has received the required approvals from the Government and regulatory authorities for the purchase of TRES Networks in Curacao, and is now moving swiftly to complete the transaction. “This is an exciting time for Digicel Curacao and TRES Networks, as together we are better positioned to serve our customers,” said John Suranyi, CEO of Digicel Play – Caribbean and Central America in a recent news release. “As always, our emphasis is on ensuring that our ... Read More

ATL launches Wi-Fi ACs for smart homes

Friday, September 30, 2016    

Product Manager at  Appliance Traders Limited, Erica Wallace (left) explains the functions of the Prizm WiFi capable AC units to a customer before inserting the smart adapter at the company’s headquarters on Half Way Tree Road in Kingston recently.

Appliance Traders Limited (ATL), owned by Gordon ‘Butch’ Stewart, has included Wi-Fi air conditioners in its inventory of appliances. The move is consistent with efforts to create ‘smart homes’ in Jamaica, a modern way of controlling all devices and appliances in your home at the touch of a button using your mobile device. ATL, which first opened its doors in the Cross Roads area of Kingston 48 years ago specialising in air conditioning units, now distributes a redes ... Read More

Upgrade at Courts Ocho Rios

Friday, September 30, 2016    

Heather Green (left), Courts Ocho Rios branch manager, shares in a light moment with Shahine Robinson (second left), minister of labour and social security, and Custos of St Ann Norma Walters while they try out a recliner during a tour of the newly refurbished store as Dennis Harris, managing director of Unicomer (Jamaica) Ltd looks on.

Courts, which recently launched its new Ashley store in Liguanea, St Andrew, has continued to invest in its retail outlets with the upgrade of the store in Ocho Rios, St Ann. The store has a new layout featuring the addition of a new sleep centre and Optical and Ready Cash stores. Courts Ocho Rios shoppers were offered discounts of up to 30 per cent off selected items. During a tour of the new store, guests were shown a new layout for the furniture store, the Optical store where customers can ... Read More

Jamaica ought to be a “social enterprise country” — Henley Morgan

Friday, September 30, 2016    

MORGAN... social enterprise is a potentially big idea

Noted management consultant and social enterprise advocate Dr Henley Morgan is challenging the Jamaican Government to grasp the significant opportunity presented by social enterprise. Speaking at the recent launch of the sixth season of business growth strategy TV programme, The Innovators, Dr Morgan, who directs several initiatives under the umbrella of his Trench Town-based Agency for Inner-city Renewal, has described social enterprise as ‘a potentially big idea’ that could take J ... Read More

Spotlight: Chinese premier’s first official visit to Cuba further consolidates ties

Friday, September 30, 2016    

HAVANA, Cuba — Cuban former president Fidel Castro (right) meets with Chinese Premier Li Keqiang (Left) during a meeting in Havana on Sunday.Photo: AFP

HAVANA, Cuba (Xinhua) — Chinese Premier Li Keqiang on Monday concluded his three-day official visit to Cuba, further consolidating the comprehensive strategic partnership as the two countries inked more than 20 cooperative deals in a wide range of areas. This is the first official visit by a Chinese premier to the Caribbean country since Beijing and Havana forged diplomatic ties in 1960. Li’s visit came after his participation in the 71st session of the United Nations General Assem ... Read More

Obama names first ambassador to Cuba in five decades

Friday, September 30, 2016    

Jeffrey DeLaurentis, charge d’affaires to the US Embassy in Havana, CubaPhoto: AP

WASHINGTON, United States (AFP) — The United States has tapped Jeffrey DeLaurentis, America’s top diplomat in Havana, to become the first official ambassador to Cuba in five decades. “The appointment of an ambassador is a commonsense step forward toward a more normal and productive relationship between our two countries,” President Barack Obama said in a statement. Obama and Cuban President Raul Castro announced a thaw in relations in December 2014. The two countries re ... Read More

IMF paints bleak picture of economic performance in Belize

Friday, September 30, 2016    

A view of Belmopan, capital of Belize

WASHINGTON, United States (CMC) — The International Monetary Fund (IMF) says Belize continues to face significant vulnerabilities and challenges driven by high public debt, large fiscal and external deficits, and declining international reserves. The IMF, which concluded an Article IV consultation with Belize, said adverse weather conditions have also posed difficulties for the country, and is emphasising that decisive policies are urgently needed to ensure macroeconomic stability and imp ... Read More

Finance, tourism ministries take over ownership of MoBay Convention Centre

Thursday, September 29, 2016    

The exterior of the Montego Bay Convention Centre in Montego Bay

CABINET has approved the transfer of ownership of the Montego Bay Convention Centre in Rose Hall, St James, to the ministries of finance and the public service and tourism. The management, operation and marketing of the facility will be handled by the Ministry of Tourism. Minister of Tourism Edmund Bartlett, who made the disclosure at a recent JIS Think Tank, said the convention centre will be part of an integrated development programme for the area, which is intended to attract investments ... Read More

Government says mining, minerals sector is bouyant

Thursday, September 29, 2016    

Principal director in the Ministry of Transport and Mining Dr Oral Rainford speaking at a recent JIS Think Tank. (Photos: JIS)

PRINCIPAL director in the Ministry of Transport and Mining Dr Oral Rainford says the minerals sector is heading in the right direction with the buoyancy it is now experiencing. He said that highway construction, among other development projects, has resulted in a significant increase in the production of limestone, skid-resistant aggregate, and other materials. According to Rainford, the amount of material produced for the building of the north-south link of Highway 2000 and associated roads i ... Read More

Study envisions increased agri exports from LAC to China

Thursday, September 29, 2016    


WASHINGTON (CMC) — A new study by the Inter-American Development Bank (IDB) has found that agricultural exports from Latin America and the Caribbean (LAC) to China could increase by almost 10 per cent if the Asian country reduces its tariffs by more than 50 per cent. The study also found that manufacturing goods could jump by 37 per cent, if Beijing’s import tariffs were reduced to the levels of the Paris-based Organisation for Economic Co-operation and Development (OECD), whose ave ... Read More



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