Business

The United States economy grew at a faster-than-expected pace at the end of last year, fuelled by companies boosting output to keep stockpiles up.

Five business operators have been arrested for stealing electricity, as the Jamaica Public Service Company (JPS) intensifies its efforts to crack down on power theft.They were among 10 persons detained in the first two weeks of this year.

INDUSTRY PLAYERS in real estate are still upbeat that 2010 will see an improvement in the market on expectations that the cost of borrowing will become cheaper as interest rates trend downwards. This, despite reports that consumer confidence...

THE URBAN Development Corporation (UDC) has bought the old Machado complex in Kingston for $80 million, which it will convert into its new headquarters. UDC General Manager Joy Douglas, who confirmed the purchase, said the agency acquired the property,...

THE BRUCE Golding administration has suggested that all is well with the Jamaica Debt Exchange (JDX) and, further, that all the major institutional players are on-board with the initiative, but there are serious concerns being raised privately in the community...

THE WORLD Bank has agreed to back a feasibility study on a crop insurance scheme for Jamaican coffee farmers, whose fields have been without coverage for more than five years after sole insurer Dyoll collapsed under storm damage claims it could not...

I HAVE known eminent retired Jamaican jurist Boyd Carey for many years. We met through a mutual friend, the late H.I. McKenzie - a Mwalimu, or teacher, a sociologist who deeply understood, among other things, Caribbean social structure, family norms and links among lifestyles...

BANKING ON his international star power to sell hotel rooms and attractions, Jamaica has invested US$420,000 to develop and produce the 'Usain Bolt Jamaica Advertising Campaign' to market its tourism product overseas. It would have cost more, but Bolt...

Mexican buildings supplies giant Cemex SAB said on Tuesday that it turned a US$265 million profit in the fourth quarter, rebounding from a US$743 million loss in the same period of 2008. Cemex said the profit came on gains from foreign-exchange positions...

ONE month ago when it was announced that he would succeed Canon Weeville Gordon as custos of Kingston, Steadman Fuller said he immediately began researching the functions of his new job. In an interview with The Gleaner, Fuller said he was determined...

Supreme Ventures Limited (SVL) is outfitting leased premises in Portmore for expansion of its gaming lounge business, Acropolis, that will also double as the operational base for its first sports betting centre. Acropolis Portmore will open for business...

The Swedish developers involved in an EC$300 million (US$111 million) tourism project, say they will accept the parameters laid down by the Grenada government were they to be granted the sought-after casino gambling licence required to make the venture a worthwhile...