Published:Thursday | June 23, 2016 | 12:00 AMEdmond Campbell With Jamaica's public bodies collectively owning more than $1 trillion worth of assets and failing to make a positive impact on the country's gross domestic product (GDP), the Andrew Holness administration is moving to hold these enterprises accountable for achieving commercial returns on their assets. State [...]
Published:Wednesday | June 22, 2016 | 12:00 AM Upon receiving Independence from Britain, Jamaica strengthened its currency board system by establishing the Bank of Jamaica. The exchange rate was pegged one to one with the British pound. Annual inflation rate was low and industrial expansion, including a boom in the bauxite industry, encouraged production towards [...]
Published:Wednesday | June 22, 2016 | 12:00 AM For the first time in the Caribbean region, surgeons at Health City, Cayman Islands, have successfully performed an operation which relieves serious hypertension. Senior cardiologist and electrophysiologist at Health City, Cayman Islands, Dr Ravi Kishore, performed the procedure, known as renal denervation, on Caymanian Allan Ebanks, who [...]
5:44 pm, Mon June 20, 2016 A man who allegedly defrauded a local insurance company after claiming that members of his family were injured in a motor vehicle crash was arrested on Monday by detectives from the Major Organised Crime and Anti-Corruption Agency (MOCA). Headley Thomas was charged with Conspiracy to Defraud and Attempting to [...]
Tuesday, June 21, 2016 SHAW... At no time did I say that money would be moved from the south coast highway project to build the MoBay bypassPhoto: Observer file FINANCE Minister Audley Shaw said yesterday that at no time did he say that money would be moved from the south coast highway project to build [...]
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Monday, June 20, 2016 Founders of Tastee Valerie Chang and Vincent Chang (right) celebrate 50 years with Minister of Finance Audley Shaw at the company’s celebratory service at the Stella Maris Church last Friday. Tastee, the Jamaican fast food chain best known for its world famous patties, celebrated 50 years of existence and operations on [...]
Sunday, June 19, 2016 Some of the MG branded cars that will be assembled at the Spanish Town Free Zone by China National Automotive Industry International Corporation (CNAICO)Photos: Garfield Robinson The promised creation of 10,000 jobs from the development of the Spanish Town Free Zone is a step closer to execution, but not before 2019 [...]
Scotia Group Jamaica Ltd (BNS) reported group earnings of $3 billion and earnings per share of $0.95 for the three months ended April 2016 and, year to date, for the six months since the start of the financial year, net income of $4.98 billion and earnings per share of $1.57. Year to date, earnings grew [...]
Friday, June 10, 2016 AS I listened to the PIOJ’s recent review of the Jamaican economy, I thought to myself that we have become a nation that is too used to mediocrity. The PIOJ estimated that the Jamaican economy grew by 0.9 per cent for the fiscal year just ended, and in the current fiscal [...]
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