Category: Business

Abengoa’s Meltdown Ripples Across Latin America

The financial meltdown of Spanish multi-national corporation, Abengoa, is rippling across Latin America. That’s according to London-based business and commodities...

Senate Passes Amendments To Income Tax Act

The Senate passed changes to the Income Tax Act on Friday, in an attempt to target tax evaders. The Amendment also seeks to incorporate a new transfer pricing regime....

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...