Energy expert: Set rules for US$50m fund
Trinidad Guardian

Energy law consultant Hugh Howard says there must be clear rules of engagement for the US$50 million revolving fund between T&T and Venezuela to ensure T&T suppliers are paid. “I think it is a good idea....

Price of corn flour in Venezuela up 900 per cent
Jamaica Observer

CARACAS, Venezuela (AFP) — Venezuelans woke up yesterday to discover that the Government-controlled price of corn flour — used to make corn patty arepas, a staple of local cuisine — has risen 900 percent....

Bridgestone abandons Venezuela after 26 years
Jamaica Observer

CARACAS, Venezuela (AP) — Tyre maker Bridgestone is selling its business in Venezuela after six decades in the country – the latest blue chip company to abandon the country as a result of runaway inflation and...

Coca-Cola cuts output in Venezuela due to sugar shortage
Jamaica Observer

NEW YORK, United States (AFP) — The Coca-Cola Company said Monday that it was forced to cut back production of its popular sodas in Venezuela due to the shortage of sugar in the politically riven country. Local...

New York subway on the brink
Jamaica Observer

NEW YORK, United States (AFP) — The New York subway is the seventh busiest in the world and has its highest ridership in 70 years, increasing delays and forcing management to formulate a plan of salvation. Local...

2015 was a corporate buyout bonanza; here comes the sequel
Jamaica Observer

NEW YORK, United States (AP) — After 2015’s blistering global buyout pace, this year is shaping up to be quite the sequel, with Bayer’s US$62 billion attempt to buy Monsanto and create a global seed giant....

Changing the financial culture in Jamaica: Make investing a priority
Jamaica Observer

From a very early age the importance of saving has been instilled in us. The introduction to the piggy bank was our first lesson in money management. We were often encouraged to set aside a portion of any money we came...

Recent Cabinet-approved contracts
Jamaica Observer

Cabinet has approved the award of a contract for US$1.4 million to Carlong Publisher (Caribbean) Ltd for the supply and distribution of textbooks islandwide for Grades 1-3 under the Primary Textbook Programme for academic...

Jarrett calls for single Caribbean trading bloc and a Caribbean bank abroad
Jamaica Observer

Earl Jarrett, general manager of the Jamaica National Building Society (JNBS) is proposing that the Caribbean Development Bank (CDB) and leaders in Caricom begin a process to achieve greater economic independence for the...

Employee share ownership plans underutilised in Jamaica
Jamaica Observer

An employee share ownership plan (ESOP) is a programme that, as the name suggests, provides the employees of a company with a way to acquire an ownership interest in that company. Local Business Wed, 25 May 2016 00:00:00...

Employment incentive programme won’t be affected by income tax change – TAJ
Jamaica Observer

With the planned introduction of higher income tax threshold, unregulated companies will still be able to claim employment incentives — a tax discount — at the same levels claimed in the fiscal year ended. Local...

Mavis Bank to invest US$2.5 million in coffee
Jamaica Observer

Processor of Jamaican Blue Mountain Coffee, Mavis Bank Coffee Factory (MBCF) will be investing roughly US$2.5 million in operations over the next four years. Local Business Wed, 25 May 2016 00:00:00 GMT Employment...

With new technology Digicel can quadruple internet speeds
Jamaica Observer

Digicel Group and Huawei Technologies have successfully tested a new technology on its fibre to the home network which could quadruple the internet speed customers now experience. Local Business Wed, 25 May 2016 00:00:00...

Overcoming the harsh reality of ‘foreign mind’
Jamaica Observer

“A prophet is not without honour, save in his hometown.” — Jesus Local Business Wed, 25 May 2016 00:00:00 GMT With new technology Digicel can quadruple internet speeds...

Telecoms eye rocketing internet revenues
Jamaica Observer

When new telecoms market entrant Symbiote Investments Ltd, trading as Caricel, becomes operational, it will target the market for internet services — choosing what is currently the most robust segment of the market....

Highlights from the IMF
Jamaica Observer

THE following are the highlights of the 2016 Article IV Consultation and the 11th and 12th Extended Fund Facility (EFF) reviews Concluding Statement of the International Monetary Fund (IMF) Mission. Local Business Wed, 25...

Bermuda gov’t to review bribery, corruption laws
Jamaica Observer

HAMILTON, Bermuda (CMC) — The Bermuda Governmenst says it will overhaul the island’s laws on bribery, corruption and fraud, indicating that significant gaps remain in the legislation and administrative practices...

St Lucia ruling party chides Opposition over promise to remove VAT
Jamaica Observer

CASTRIES, St Lucia (CMC) — The ruling St Lucia Labour Party (SLP) has warned voters against accepting the promise of the opposition United Workers Party (UWP) regarding a promise to remove the value added tax (VAT)...

Dominica woman kills two-y-o son
Jamaica Observer

ROSEAU, Dominica (CMC) — A woman with a history of mental illness has been admitted to the Acute Psychiatric Unit after she killed her two-year-old child, police said Monday. Local News Tue, 24 May 2016 00:00:00 GMT...

Investigators search wreckage of EgyptAir plane, test DNA
Jamaica Observer

CAIRO, Egypt (AP) — A French ship joined the international effort to hunt for the black boxes and other wreckage of EgyptAir Flight 804 yesterday, searching for clues to what brought the plane down, as Greek and...

Cuba to host ACS summit in June
Jamaica Observer

PORT OF SPAIN, Trinidad (CMC) — The Association of Caribbean States (ACS) will host its seventh annual summit in Cuba early next month, the Trinidad-based regional grouping has announced. Local News Tue, 24 May 2016...

This Day in History — May 24
Jamaica Observer

  Local News Tue, 24 May 2016 00:00:00 GMT Cuba to host ACS summit in June http://www.jamaicaobserver.com/news/Cuba-to-host-ACS-summit-in-June_61802 PORT OF SPAIN, Trinidad (CMC) — The Association of Caribbean...

Obama lifts ban on selling arms to Vietnam
Jamaica Observer

HANOI, Vietnam (AP) — Eager to banish lingering shadows of the Vietnam War, President Barack Obama lifted the US embargo on selling arms to America’s former enemy yesterday and made the case for a more trusting...

Locked out
Jamaica Observer

Locked out, these vendors outside Central High School in Clarendon are forced to use creative means to get to their buyers, Local News Tue, 24 May 2016 00:00:55 GMT Obama lifts ban on selling arms to Vietnam...

‘Corporating’
Jamaica Observer

As is customary on Labour Day — observed yesterday — hundreds of people across the country dedicate their time and energy to volunteer for projects at schools, hospitals, police stations, and other...

Man told to enrol in school to shorten court sentence
Jamaica Observer

A 20-year-old man, who attempted to lodge a fraudulent cheque at a bank on the campus of the University of the West Indies, Mona, has been given until the end of June to enrol in an institution to avoid a possible prison...

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