Flow blames woes on old equipment - Calls JACS an 'old ladder'
The quality problems being experienced by Flow's cable clients is an inherited problem, according to the company's top executive, who says the problem is linked to "very old" equipment acquired in its buyout of several small operators. Richard Pardy, CEO of Columbus Communications...
Jamaica dollar gets breathing room - But only for the short run, say traders
The Jamaican currency has been appreciating consistently in value over the past weeks and while, proportionally, the gain has been marginal, foreign-exchange traders said Tuesday the trend was likely to continue in the short run. "It would not be surprising to see it drop to $71," said...
Supreme Ventures refines strategy - To expand at home, but also looking to Europe
Supreme Ventures Limited (SLV) will this year crosslist on the Trinidad Stock Exchange and strengthen its gaming operations in a move to build value and revenues in the year ahead. But while Chief Executive Officer Brian George was unprepared to say what value the company expected...
CCMB parent to go public - Capital & Credit Group to list in Jamaica and Trinidad
The Capital and Credit Financial Group (CCFG) in the final stages of restructuring its operations, will be delisting the ordinary shares of Capital and Credit Merchant Bank (CCMB) stock from the Jamaican and Trinidad stock exchanges....
Lewis takes bigger stake in NCB - AIC sells another five million shares
AIC Barbados Limited, a holding company for Michael Lee Chin's regional financial assets, has sold another five million of its National Commercial Bank of Jamaica (NCBJ) shares in a continued realignment of the bank's ownership mix that so far has remained largely within the family....
US consumer confidence plunges in February
Consumer confidence plunged in February as Americans worried about less favourable business conditions and job prospects, a business-backed research group said Tuesday. Inflation at the wholesale level in January was also higher than expected at 1.0 per cent the US Labour Department reported...
C&W Jamaica to cut 100 jobs
London-based tele-com Cable & Wireless PLC will eliminate about 100 jobs in Jamaica as part of a restructuring to better compete with competition in the Caribbean country, the company said Monday. The job cuts at the end of March will affect about about six per cent of the company's...
The well-oiled machine
Imagine a scenario where an important online sales-pitch presentation with a client could not transpire as the Internet connection in the office had been disconnected for an upgrade. What followed would be far from pleasant and would have taken some amount of firefighting to control...
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