Tag Archives: Business

Caribbean Express coming to Jamaica

The Caribbean Express, a new multi-billion-dollar submarine cable system being rolled out by American telecoms development firm, Ocean Networks Incorporated, is coming to Jamaica. The Caribbean Express project, an 18-fibre pair subsea cable system linking the state of Florida to Panama, which is just being built out, is also being extended to Kingston. In addition […]

Businesses across Britain are keeping things moving under new rules for trade with the EU

SINCE January 1, firms across the UK have been adapting to the new trading rules put in place at the end of the Brexit transition period. Getting ready ahead of time has helped businesses to seize new opportunities and keep things moving. One of those businesses is Control Techniques, based in Powys, which designs and […]

United Airlines will pay US$49 million to settle air mail fraud case

 United Airlines will pay more than US$49 million to avoid criminal prosecution and settle civil charges of defrauding the U.S. Postal Service in the delivery of international mail. The Justice Department said Friday that former employees of United’s cargo division falsified parcel-delivery information between 2012 and 2015. Prosecutors said that as a result, United collected […]

They Were on Equal Footing. Then the Ground Shifted.

“You just got to scrape along and gut it out,” he said. “We’re really struggling to get by.” But in Ms. Arnone’s other field, home appraising, her friends and colleagues are reaping rewards from the booming housing market, where January sales were up 23.7 percent from a year earlier, according to the National Association of […]

 CARICOM shaping plan to revive COVID-ravaged tourism sector

With the economically crucial tourism industries of most member countries of the Caribbean Community (CARICOM) impacted to varying degrees by the coronavirus pandemic, the group is collectively engaged in fashioning a joint tourism policy that seeks to restore the fortunes of a sector without which the region could be confronted with a severe and protracted […]

Balancing secrecy with transparency in public contracts

Business Newsday 2 Days Ago On balancing confidentiality against the public interest, the task may not be to weigh the impact upon the company/bidder against the good of society, but rather the good of society against the importance of preserving confidences. Photo taken from imdcorporate.co.uk – RISHI MAHARAJ Non-disclosure agreements (NDAs) and clauses are a […]

State must make doing business with ease easier

Business Newsday 2 Days Ago An aerial view of Port of Spain. To the right is the Port of Port of Spain. – Jeff K. Mayers LAST WEEK, a dismal picture of the Public Service emerged at the proceedings of the Parliament’s committee set up to probe “ease of doing business.” The Town and Country […]

Wondering about a refinery sale, public-sector cuts

Business Diana Mahabir-Wyatt 2 Days Ago A view of the refinery from Marabella. The OWTU is challenging the Finance Minister’s reasons for rejecting its bid, for a third time, for the refinery. File photo – DIANA MAHABIR-WYATT I stood in my shoes and I wondered this week. I have been doing a lot of that […]

NGC still in the game as natural gas a viable resource for next four decades

Business Ryan Hamilton-Davis 2 Days Ago The Atlantic LNG plant, Point Fortin. NGC chairman Conrad Enill says TT has natural gas resources that will last for the next 40 years. FILE PHOTO – In the energy industry, a promise is a comfort to a fool. Now, more than ever, mistakes, wrong moves and bad decisions […]

Growing ambivalence by business leaders about present economic conditions — BOJ survey

There is a growing ambivalence in the business community about present business conditions in Jamaica. This is seen in the latest Survey of Businesses’ Inflation Expectations for December 2020, which was released earlier this week by the Bank of Jamaica (BOJ). In the survey, which captures the perception of chief executive officers, managing directors and […]