Ganja valued at $2.7m seized in Clarendon 6:05 PM
Matalon resigns as CTL chairman 5:23 PM
J$101.61 to one US dollar 5:04 PM
Patron attacks Capleton on stage during US show 5:03 PM
Sister of MP Dayton Campbell dies 3:57 PM
JLP pays tribute to Hibbert in Parliament 3:31 PM
Business
Mobile Internet buoys the economy
Friday, October 05, 2012
PARIS, France — The information and communication technology (ICT) sector has resisted the economic crisis and is becoming a key infrastructure for the world's economy, the Organisation for Economic Cooperation and Development (OECD) said yesterday.
"The expansion of mobile Internet connectivity has helped buoy the ICT sector, and in many ways the economy as a whole, during a period of sustained economic malaise," the OECD said in a report based on a study of 250 top ICT firms.
"The Internet is becoming a key economic infrastructure, revolutionising businesses and serving as a platform for innovation," the Paris-based organisation of 34 leading industrialised countries.
The top firms registered an average annual growth rate in revenue of six per cent between 2000 and 2011, with total revenue at more than US$4.6 trillion ($411 trillion) in 2011, or an increase of five per cent over the previous year.
A key source of the growth has been an expansion of mobile connections, which overtook the number of fixed broadband subscriptions in 2009. In 2011, the estimated number of mobile subscriptions among OECD countries was at 667 million, or more than double that of the 315 million fixed connections.
— AFP
Other Stories
8 ways to cut your grocery bill
Campus hustle to corporate: Balcostics helping big business with intelligence
Ideas for keeping your data safe from spying
Economics 101: How the economy affects me
Google launches Internet-beaming balloons
VIDEO: Fusing 2 dreams into a café
Carib Cement weighed down by scale
LIME claims 20,000 two-day haul
The value of the dollar is just a symptom of Jamaica's underlying problem
Example of excellence in the public sector
Marketing duo takes leap of faith
JN Foundation project gets $100-m boost
VIDEO: SMS: from paint to smartphones
From Trinidad to the world: Food Awards pushing Caribbean cuisine global
Sagicor Investments receives credit rating boost from CariCRIS
LIAT takes to the skies with new planes
T&T Gov't gets support for multibillion-dollar supplemental budget


