Samuda takes over 'red tape' committee - Names himself chairman
Karl Samuda, minister of industry, investment and commerce, took control of the Target Growth Competitiveness Committee (TGCC), a body tasked with helping companies wade through red tape that hampers business. Samuda this month replaced economist and former adviser to the People's National...
No bill payment fee, JN promises - Becomes JPS collector February 25
JN Money Services Limited (JNMS) will in another week take over as bill collector for power utility Jamaica Public Service Company (JPS), launching the service this week with a promise to erase the transaction fee that its predecessor had implemented. ...
Oil jumps back above US$100
AP:Oil prices closed above US$100 per barrel for the first time as investors bet that crude prices would keep climbing despite evidence of plentiful supplies and falling demand.Crude has hit the US$100 mark before, but only in intra-day trading....
Executive quits Capital and Credit - Job shared among three managers
Devon Barrett, general manager of Capital and Credit Securities Limited (CCSL) and executive vice-president in the Capital and Credit group, has quit the financial house with effect from Saturday, February 16.Despite Barrett's departure in the middle of the month and on a weekend...
Denny leaves NCB for FirstCaribbean
Banker Christopher Denny has reunited with colleague Milton Brady to whom he will now report as the newly recruited director of retail banking at FirstCaribbean Jamaica and general manager of its mortgage subsidiary, FCIB Building Society.Denny, who up...
$2 billion of equity erased - Accumulated losses erode C&WJ's capital base
Cable and Wireless Jamaica (C&WJ) Limited, in its first clear quarter under Phil Green's leadership, posted a slight profit of $13.5 million at the bottomline in its third period ending December 31, 2007, from flat top-line income of $6.22 billion. ...
JPS sees red on the back of $33b fuel bill
Marubeni-owned Jamaica Public Service Company Limited (JPS), with a $32.7 billion fuel bill dragging on revenues, has reported a total wipe-out of the near $2 billion of profits made in 2006 and a descent into losses of $306 million at financial year end December 31, 2007....
Corporate espionage suspected in Petrobras computer theft
Brazilian police said yesterday they believe the theft of important information from the state oil company was probably corporate espionage.The chief of federal police said yesterday that investigators had ruled out common theft as the cause of the disappearance ...
Pros and cons of multitasking
I am often asked "Do you ever sleep?" Yes, of course I do, I answer proudly. My secret is that I multitask. On any given day, I could be writing an article, cooking dinner, answering text messages or responding to phone calls. It has become a way of life. When I sit in airports ...
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