Category: Business

NCB Buys 30% Stake in Guardian Holdings Limited

The National Commercial Bank Jamaica Limited, NCB, has bought a 30-percent stake in Guardian Holdings Limited, GHL. A statement today from GHL says the transaction is...

IMF Programme Beginning to bear Fruit – Brian Wynter

The Governor of the Bank of Jamaica, Brian Wynter, says the IMF supported economic reform programme is beginning to bear fruit. Speaking recently at a Business Education...

Drought Impact Worse than Thought

The prolonged drought that affected the country between July and September this year, was even worse than that which gripped the country last year. That’s...

Lower Primary Surplus Won’t Make Gov’t Delinquent

Head of the Department of Economics at the University of the West Indies Mona, Dr. Damien King, says he does not believe lowering the primary surplus target will lead...

Abengoa Chosen to Build Old Harbour Plant

The Jamaica Public Service Company, JPSco, today selected the Spanish firm Abengoa as it’s preferred bidder for the 190 megawatt power plant to be built in Old...

5 IMF Tests To Go – Will Jamaica Pass Them?

Head of the Department of Economics at the University of West Indies Mona, Dr. Damien King says he’s unable to say whether Jamaica will pass the next five tests...

Mussons Acquires Local Nestle Operations

The Mussons Group, through its wholly owned subsidiary, Mussons International Dairies Limited, has bought from Nestle Jamaica its local dairy operation, including their...

IMF Warns Success at Next Five Test Uncertain

The IMF’s Resident Representative to Jamaica, Dr. Bert Van Selm, says it’s difficult to say whether the country’s five remaining reviews under the...

C&W Boss Confident Liberty Take-Over will Benefit Caribbean

CEO of Cable & Wireless Communications, Phil Bentley says the Caribbean will benefit from world class cable television when Liberty Global takes over Cable &...

Phillips: 100K Jobs Conditional

Finance Minister, Dr. Peter Phillips, says Jamaica will have to continue on the path of fiscal discipline, in order for the PNP administration to deliver the 100,000...