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  • Massive demand for student housing

    September 24, 2014 2:00 AM 44

    THE University of the West Indies (UWI) has entered into a public private partnership (PPP) to build 1,584 rooms in three years to meet the growing demand for student accommodation. The Jamaica Mortgage Bank (JMB), lead financier, and the National Commercial Bank (NCB) have signed a syndicate loan agreement valued $4 billion with the proposed developer

  • Ochi’s Little Pub reopens

    September 24, 2014 1:09 AM 38

    RESILIENT St Ann businessman Keith Foote recently reopened The Little Pub in Ocho Rios which suffered from the 1990s financial sector meltdown and a fire in 2002. Foote is mum on the size of the investment. However, the reopening of the pub in a new venue — Island Village complex in Ocho Rios — has revived his dream of operating his own business and healed

  • Oil price dips further

    September 23, 2014 1:16 PM 40

    8:08 am, Tue September 23, 2014 Jamaican motorists could see a further decline in prices at the pumps in coming weeks. Crude oil futures fell on Monday, as ample supply and slowing economic growth in Europe and China outweighed expectations of a cut in oil output from the Organization of Petroleum Exporting Countries (OPEC). Brent crude

  • Caribbean adopting new technologies in cassava production

    September 23, 2014 8:50 AM 42

    BRIDGETOWN, Barbados (CMC) – Representatives from 11 Caribbean countries have received training in the implementation of new technologies for cassava production, with the aim of improving competitiveness and promoting technological innovations and value added in cassava products. The Inter-American Institute for Cooperation on Agriculture (IICA) said the course

  • Correction and Clarification

    September 23, 2014 6:28 AM 42

    Published: Tuesday | September 23, 2014 The following are corrections to the story 'Collateral roadblock' published September 21, 2014:1. The NSIPP Registry only replaces the Charges Registry as it relates to personal property. Real property interests are still registered on the Charges Registry. 3. The NSIPP public campaign is run by the Government

  • Clorox exits Venezuela citing government restrictions

    September 23, 2014 6:28 AM 47

    Published: Tuesday | September 23, 2014 Clorox is shutting down all operations in Venezuela citing restrictions by the government, supply disruptions and economic uncertainty. The consumer products company said that for almost three years its affiliate, Corporacion Clorox de Venezuela SA, had to sell more than two-thirds of its products at prices frozen

  • Tesco suspends execs over inflated profit report

    September 23, 2014 6:28 AM 42

    Published: Tuesday | September 23, 2014 Tesco, the world's second-largest supermarket chain after Walmart, has suspended four executives and launched an accounting investigation after admitting that its half-year profit was overstated by £250 million (US$407 million). The scandal deepens the financial woes for the British company which, on Monday, had to issue

  • UPDATE: Apple counters talk it will shut Beats music service

    September 22, 2014 6:58 PM 43

    SAN FRANCISCO, California (AFP) - Apple on Monday refuted talk that it plans to close the Beats streaming music service it acquired as part of a $3 billion-deal earlier this year. In statements released to website Re/code and other technology news venues, Apple dismissed talk of shutting Beats as untrue. However, it did not address whether the "Beats"

  • TCL's minority shareholders drop lawsuit

    September 22, 2014 1:31 PM 50

    8:29 am, Mon September 22, 2014 A lawsuit filed last July by a group of minority shareholders of Caribbean Cement's parent, Trinidad Cement Limited (TCL), to prevent it from holding its annual general meeting, has come to an end. TCL's newly appointed Chairman and other parties involved agreed to discontinue with the action. The 11 shareholders had argued

  • Petro Caribe benefits safe - Paulwell

    September 22, 2014 1:21 PM 53

    8:17 am, Mon September 22, 2014 Phillip Paulwell, Jamaica's Energy Minister, has sought to allay fears that the Petro Caribe programme is on shaky ground and there could be implications for Jamaica which receives oil from Venezuela under the deal. According to Mr. Paulwell, there is no indication that the nine year-old concessionary oil trading arrangement