'Bring it on!' - Hylton supports commission of enquiry - Finsac audit put off for now
Patrick Hylton, former managing director of the Financial Sector Adjustment Company (FINSAC), says a commission of enquiry into the financial meltdown would clear up misinformation about the events, and was, for him, welcome. "I have no issues with a commission...
Supreme Ventures shelves expansion plans - Five new gaming lounges on hold
Citing higher oil and food prices and softening of economic conditions, Supreme Ventures Limited (SLV) has shelved all expansion plans, and has replaced its capital-investment programme with a promise to pay big dividends to shareholders...
Used-car dealers predict erosion of three-to-four per cent profit margin
Government's new motor-tax regime could drive up auto prices on small cars, stoke competition, and put used-car dealers out of business, according to chief spokesman Kenneth Shaw. Shaw, the president of the Jamaica Used Car Dealers Association (JUCDA), went as far Monday...
Pulse seeking cash to grow - Rights issue targets $127m
In a hunt for equity capital to drive expansion plans, modelling agency Pulse Investments Limited will, on May 16, offer some 18.12 million ordinary shares to existing shareholders under a non-renounceable rights issue. The issue, which is priced at $7 per share or $1 discount...
Researcher develops $2b plan for photovoltaics - Proposes households switch to solar energy
A local researcher has crafted a $2 billion renewable energy plan, which he is now selling to Government on the basis that it could generate country savings of up to four times the cost of implementation. Dr Paul Jennings is proposing that photovoltaics, the process of capturing...
US firm to make diesel fuel from Brazilian sugarcane - Target output one billion gallons per year
A United States biotech company is teaming up with Brazilian ethanol producers to turn sugarcane into diesel fuel in a joint venture that could churn out one billion gallons (3.8 billion litres) a year by 2015. California-based Amyris Biotech-nologies developed the new renewable fuel...
Brady backs away from CMP Industries
Harold Brady has resigned as a director of CMP Industries Limited, a listed company suspended by the Jamaica Stock Exchange based on the failure of new owner Castelo Holdings BV, which bought the company last year, to adhere to takeover rules. Brady, who was also chairman of CMP...
Riding the info highway
Think library, and the image that flashes in the mind are endless rows and stacks of books, neatly arranged and displayed and categorised according to subjects, interests or authors. It is a very meticulous task, managing scores of books, which is the responsibility of the librarian....
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