Jamaica Gleaner
Published: Wednesday | January 23, 2013
Home : Business

Zoukie rides to the top with Kir-Dex acquisition
Zoukie Trucking Services Limited officially signed off on the purchase of equipment and contracts from Kir-Dex Transportation Services Limited on Monday.Both trucking companies are located portside at Newport West...

NWC 30MW power plant hinges on wheeling rates - OUR to decide pricingby June
National Water Commission (NWC) aims to build a US$30 million (J$2.8b) power plant in order to slash its energy costs, its vice-president, Mark Blair, told Wednesday Business.The water utility hopes to cut its annual J$6...

CCRIF gets first full-time CEO
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has selected St Lucian Isaac Anthony as its first full-time chief executive officer, effective January 1, 2013.His job is to strengthen relationships with government agencies across the region...

Business optimism at four-year low
Economic optimism among businesses fell in the fourth quarter of 2012 to near its lowest level in four years, largely based on the protracted delay on a bailout agreement with the International Monetary Fund (IMF). Consumer confidence remained flat when...

Supreme Court yet to rule, but lawyer gives OCG the OK on project monitoring
The Office of the Contractor General (OCG) has been advised by its lawyer to continue monitoring and investigating the award of government contracts, even while the parties await the Supreme Court's interpretation of statute governing the office....

Bahamas family developing US$3.5b casino resort
NASSAU, Bahamas: The Caribbean's largest single-phase, luxury resort development, Baha Mar Casino and Hotel, is 33 per cent complete and on target to meet its December 2014 opening deadline.Located in Nassau...

New airline seeks permission to fly
A new carrier, which calls itself Jamaica Queen Airlines (JQA), aims to become the latest airline to operate international flights but awaits approval from the Jamaica Civil Aviation Authority (JCAA), Wednesday Business understands....

Oil rises above US$96
The price of oil closed at a four-month high Tuesday as global economic reports point to improving conditions.Benchmark oil rose 68 cents to US$96.24 a barrel on the New York Mercantile Exchange.

Belize hoping for major savings under new super-bond agreement
The Belize government says it hopes to reach an agreement soon on restructuring the country's US$544 foreign debt.Prime Minister Dean Barrow, who last month said that an agreement had been reached with the creditors, but gave few details on the accord...

Financial lobby issues warning on emerging markets
A leading lobby group for the world's financial institutions is warning investors not to get caught short in emerging markets if rich-country central banks end their easy and cheap money policy of the past few years.The Institute of International...

Bahamas launches investigation into latest oil spill
The Bahamas government says it has launched an investigation into an oil spill on the weekend even as Environment Minister Kenred Dorsett said that the spill had been contained...


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