Archive for the ‘News’ Category

Prepare to lead, young execs told

By deshoda • Mar 4th, 2008 • Category: News

Young shipping industry workers have been encouraged to prepare themselves for the next phase of leadership in the sector. The call came from Trevor Riley, general manager of the Shipping Association of Jamaica (SAJ), during a luncheon on February 28…
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Int’l stock markets tumble, Wall Street fluctuates

By deshoda • Mar 4th, 2008 • Category: News

European and Asian stock markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street last Friday after disappointing economic and corporate news rekindled worries about a United States recession. The United Kingdom’s benchmark FTSE 100 fell 1.3 per cent…
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AA swoops into Florida market

By deshoda • Mar 4th, 2008 • Category: News

WESTERN BUREAU: American Airlines has entered the competitive Jamaica/ Fort Lauderdale, Florida, market which is currently controlled by Air Jamaica and Spirit Air. The American carrier, which has a legacy of over 30 years in Jamaica, announced yesterday that it will commence…
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Oil spouts higher

By deshoda • Mar 4th, 2008 • Category: News

The surging price of oil reached another milestone yesterday, jumping to an inflation adjusted record high of US$103.95.The weaker dollar that has propelled oil and other commodities prices higher sent light, sweet crude for April delivery past…
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Alcoa wraps up sale of packaging business

By deshoda • Mar 4th, 2008 • Category: News

Alcoa said last Friday it had completed the sale of packaging and consumer businesses to New Zealand’s Rank Group Limited. Lehman Brothers acted as financial adviser to Alcoa on the deal, which was valued at US$2.7 billion….
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Three CARICOM states to form political union

By deshoda • Mar 3rd, 2008 • Category: News

PORT OF SPAIN, Trinidad (CMC): At least three Caribbean Community (CARICOM) countries are seeking to establish a political union and will soon undertake a study on that possibility, St Vincent and the Grenadines Prime Minister Ralph Gonsalves announced Saturday….
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30% fertiliser hike

By deshoda • Mar 3rd, 2008 • Category: News

Effective today, farmers will pay an average 30 per cent increase on the price of fertilisers despite a Government subsidy that was implemented in January. Newport-Fersan, the island’s sole manufacturer of fertiliser, informed its customers last week that the company…
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Prime land in ‘St Bess’ set for resort development

By deshoda • Feb 21st, 2008 • Category: News

WESTERN BUREAU: Government has freed up more than 3,000 acres of land in Luana, St Elizabeth, for a major resort development, Prime Minister Bruce Golding told delegates at Jamaica’s first annual Tourism Outlook seminar yesterday. Addressing the more than 300 hospitality…
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Oil prices set another record, push past US$101

By deshoda • Feb 21st, 2008 • Category: News

AP:Oil futures rallied again Wednesday, pushing briefly past US$101 a barrel after the United States Federal Reserve lowered its forecast for economic growth this year, convincing energy investors that the central bank will slash interest rates…
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Related PostsOil spouts higherThe surging price of oil reached another milestone yesterday, jumping to an inflation […]

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‘Castro’s resignation will not affect region’s tourism’

By deshoda • Feb 21st, 2008 • Category: News

WESTERN BUREAU: Jean-Claude Baumgarten, president of the World Travel and Tourism Council (WTTC), says there would be no major fallout in visitor arrivals to the rest of the Caribbean in the wake of Fidel Castro’s…
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