Business

Jamaica Has The Most Women Managers Globally

A new study by the International Labour Organization (ILO) has found that Jamaica has the highest proportion of women managers, globally. The study released in Geneva today also found that while women are still under-represented in top management, the number of women in senior and middle management positions has increased over the past 20 years. The study entitled ‘Women in ...

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JPS Bills To Reduce This Month Due To Oil Prices

Customers of the Jamaica Public Service Company (JPS) will see a further reduction in electricity bills this month. The latest cut is as a result of the electricity company passing on the reduction in fuel costs. This comes just after a determination by the Office of Utilities Regulation (OUR) that JPS should cut electricity rates by 1% to 5%. The ...

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OUR Makes JPS Reduce Electricity Rates By 2%

The Office of Utilities Regulation (OUR) has rejected an application by the Jamaica Public Service Company (JPS) for a rate increase. The OUR has instead taken a decision to reduce electricity rates by an average of 2%. JPS says it received official word from the OUR yesterday after months of deliberating on the application to increase the non-fuel rates payable ...

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No Eating, Drinking or Preaching on JUTC Buses

The Jamaica Urban Transit Company (JUTC) will, as of Monday, enforce regulations barring eating, drinking, vending, and preaching on its buses. Additionally, no pets, smoking, begging, or soliciting will be allowed on the State-owned public passenger vehicles as with inappropriate sexual behavior. In a release yesterday, the bus company said that the tightened rules will be enforced with the help ...

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Jamaica Tourist Arrivals Up By 3.1%

The Jamaica Tourist Board has announced that tourist arrivals, up to the end of October, were up 3.1% over last year. The total arrivals numbered more than 1.7m in the 10-month period. October recorded the strongest growth in tourist arrivals. Arrivals for that month were up 10%, when compared to a year ago, with more than 135,000 visitors in that ...

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Jamaica Milo Production To Cease

NESTLÉ Jamaica Limited yesterday confirmed that it will cut at least 30 jobs next month when it ceases local production of its popular Milo drink at its Bybrook plant in St. Catherine, citing unfavourable energy costs as a factor influencing the decision. Nestlé began local Milo production in 1965 in an effort to cease imports from Australia. “High unsustainable maintenance ...

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Jamaica Ranks Best Country in The Caribbean To Do Business

The 2014 Forbes Best Countries for Business Report has ranked Jamaica 64 out of 146 nations. This makes Jamaica the best country in the Caribbean region to do business and third in Latin America and the Caribbean. The report was compiled using published reports, including the World Bank’s Doing Business Report and the World Economic Forum’s Global Competitiveness Report.

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JPS December Bills To Go Down By 2%

Jamaica Public Service (JPS) customers will see a 2% reduction in their December bills when compared with the rate charged last month, according to the light and power company. This follows an 8% reduction in last month’s bill. This month, the JPS said it would again pass on lower fuel costs to customers as a result of continuing decreases in ...

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LIME Buys DEKAL Wireless SuperWiFi

Dekal Wireless has announced via their Facebook page that they were bought out by a member of the CWC Group. Below is the message that they posted. TO OUR VALUED CUSTOMERS, We are pleased to announce that a member of the CWC Group has acquired DEKAL Wireless. Effective today, DEKAL will be operated by LIME Jamaica, pending regulatory approval. DEKAL’s ...

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Oil Price Decline Expected To Last Into Mid-2015

Morgan Stanley, the American investment bank, has revised its forecast for oil prices next year, saying current low prices will remain at least until the middle of 2015. Morgan Stanley, in its revised forecasts, said Brent crude will average US$70.00 per barrel next year. That is down by $28 from its previous forecast. Morgan Stanley also said oil prices could ...

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