Category: Business

Venezuela Dismisses Report that It Slashed Oil Deliveries under PetroCaribe by 50%

Venezuela is dismissing a report from the influential global investment bank Barclays, that it has slashed oil shipments to its partners under the PetroCaribe agreement....

Henry Snubs KCT Divestment Signing

Opposition spokesman on Transport and Works Mike Henry, is refusing invitations to the Kingston Container Terminal Divestment Signing, maintaining that key information...

Economy Registers Growth

The economy has recorded its fourth consecutive quarter of growth, with GDP expanding by 1-point-2 percent in the April to June quarter. The latest growth figures were...

Government pumps tens of millions into the forex market

The government yesterday pumped tens of millions of US dollars into the foreign exchange market as it intervened to prevent what it calls ‘disorder’ and to...

US Federal Trade Commission sues Amazon

The US Federal Trade Commission FTC, has sued Amazon, alleging it allowed millions of dollars of unauthorised purchases by children in its mobile app store. The FTC is...

Digicel’s CEO says no free ride for VIBER

Mr. O'Brien is calling on Viber and its CEO, Talmon Marco, to pay the outstanding sums for traffic under the agreement.

PSOJ says it expects Head of IMF to address debate surrounding JMD

The Private Sector Organization of Jamaica, PSOJ, says it expects the Head of the International Monetary Fund, IMF, Christine Lagarde, to address the debate surrounding...

JPS signed Power purchase agreement with BMR

The JPS today signed a power purchase agreement, PPA, with US investors Blue Mountain Renewables, BMR. The PPA will pave the way for the establishment of a 34 megawatt...

JPS terminates Power Purchase Agreement

The Jamaica Public Service Company, has dealt another blow to preferred bidders Energy World International, EWI. This, by terminating the Power Purchase Agreement, it...

Economist Ralston Hyman Says Devaluation Strategy to Boost Exports Is Not Working

He says despite significant depreciation in the local currency, exports have declined by more than 30%.