JPS creates $6b 'loss-control' unit - Price tag jumps for smart-meter plan
Monopoly power distributor Jamaica Public Service Company Limited is pouring billions of dollars and hundreds of its workers into a new effort to claw back the 23 per cent of its electricity that it loses between generation and transmission...
Geon making calculated bet on upscale project
Geon Contractors and Associates Limited will be investing some $400 million to develop 10 town houses for the high-end market on a 1.2-acre plot at Paddington Terrace in Kingston.Paddington Chateaux will be Geon's first project since the recession hit,...
Port Authority, NROCC, JPS added to divestment list
Prime Minister Bruce Golding has added new companies to the list of state-owned assets now on sale, as the Government hunts for cash to keep the country solvent.Added to the mix is the lucrative Port Authority of Jamaica (PAJ) and the problematic...
Women bear cost of care but earn less - ILO/UNDP study finds 70% pay gap
A new assessment of decent work in the Latin American and Caribbean region by the International Labour Organisation and the United Nations Development Programme concludes that women are unfairly burdened with the costs...
Manning downplays ALBA, Caricom differences on Copenhagen accord
Prime Minister of Trinidad and Tobago Patrick Manning said Monday he does not expect a division within CARICOM after the Bolivarian Alliance for the Americas (ALBA) denounced the final agreement reached at the United Nations Conference on Climate Change...
IDB to pump capital into Dom Rep bank
The Inter-American Development Bank (IDB) will provide up to US$17.5 million in loans to Banco BHD, the third largest bank in Dominican Republic, to strengthen its capital position and expand its long-term commercial lending, including small- ...
LIAT to tackle fleet renewal next year
Regional airline, LIAT, will spend at least US$54 million upgrading its aging fleet in the new year. The process will begin, according to acting chief executive officer Brian Challenger, with extensive discussions with financiers, manufacturers,...
China outstrips US as centre for IPOs
China has surpassed the United States (US) in the amount of money raised from stock listings, underscoring the region's stronger economy and a resurgence in investment. Companies have raised nearly US$52 billion from initial public offerings...
Brazil to impose sanctions on US goods
Brazil told the World Trade Organization (WTO) on Monday that it would set US$829.3 million worth of annual sanctions on US goods for the United States' failure to eliminate illegal subsidies to American cotton...
Scotiabank to expand Dubai operations
Scotiabank has received licensing approval to expand operations in Dubai's financial district, regulators said Tuesday. The clearance from the Dubai International Financial Centre allows the bank's ScotiaMocatta division to open an independent branch...
Marrying computers and woodwork
Thirty-three-year-old Solomon Bleary is a computer network technician and a furniture maker who states that he believes in being flexible and in preparing to switch career tracks as fate makes this necessary...