Business

Jamaica Drops Two Places on Corruption Index

The latest Corruption Perception index is out and Jamaica has dropped two spaces. The index ranks countries based on how corrupt their public sector is perceived to be. Jamaica is now ranked 85th out of 175 countries, two places lower than the 83rd ranking it received over the last two years. However, Jamaica’s Corruption Perception index (CPI) score remains 38 out ...

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US To donate J$45m For Police Body Cameras

The US government has committed US$400,000 (J$45.4m) to purchase body cameras for the Jamaican police, moving the long-anticipated project one step closer to reality. Meanwhile, Minister of National Security Peter Bunting, who made the disclosure recently, said Jamaica and the US have settled on specifications for the cameras and that the procurement process is already under way. In the aftermath ...

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Bill Gates Donates J$226m To Jamaica’s ICT

The Bill & Melinda Gates Foundation has provided US$2 million (approximately J$226 million) to finance a project to provide Jamaicans with increased access to Information and communication technologies (ICT) services, as well as training to promote personal, organizational and national development. The grant will also fund a mandatory programme of advocacy and sensitization of decision-makers to the value of libraries ...

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LIME To Start Charging For Paper Billing

LIME Jamaica states that, Starting January 1, 2015, customers who continue to receive paper bills will now be charged for this service. A monthly charge of $262.00 inclusive of tax will be levied on bills that are printed and sent by mail. LIME Costumers are being advised to make use of LIME’s eBilling options..

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The OUR To Mandate JPS Rate Decrease

Customers of the Jamaica Public Service, Jamaica’s electricity distributor, will get a further reduction in electricity rates. The reduction is expected to average 1% across each category of customers. Residential customers will get the biggest decrease in their electricity rates. It will average about 4%. Business customers will see a 1% decline. The announcement is expected to be made by ...

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Warren Buffett To Buy Duracell From Procter & Gamble

Warren Buffett’s Berkshire Hathaway has agreed to buy the Duracell battery business from Procter & Gamble, a deal that comes less than a month after the consumer-products giant said it would shed the asset. Berkshire Hathaway, a conglomerate that owns insurance, railroad, retailers and other businesses, said it expects the deal to close by the end of the second half ...

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OUR Rejects JPS Increase Request & Suggests a Rate Cut

The Office of Utilities Regulation (OUR) has rejected a request for a 21% tariff increase by the Jamaica Public Service (JPS). According to a government source, the OUR is instead proposing a rate cut of up to 4%. The OUR and the light and power company have declined to comment on the issue, saying only that the JPS’ tariff review ...

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Jamaica Cruise Ship Arrivals up 10%

Jamaica welcomed 916,300 cruise passengers between January and September, a 10% increase over the same period last year, a result of Disney and MSC cruise lines diverting from storm-affected islands. “Both Disney and MSC came to Jamaica in summer, which did not happen last year,” William Tatham, head of cruises at the Port Authority of Jamaica, said in a phone ...

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Jamaica is Now Seaching For Oil

In five to eight years, Jamaica should know if it has enough oil and gas to allow for commercial production, Tullow Oil plc officials said yesterday. The Irish oil and gas exploration company will put up an initial us$60 million to finance the exploratory phase in the search for the valuable commodities. The majority of that amount is earmarked as ...

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JPS Bills To Go Down By 8.4% For November

The Jamaica Public Service Company (JPS) says light bills for the month of November will be going down as world oil prices continue to dip. According to the JPS, a typical residential customer will see a decrease of approximately 8.4% on the November bill compared to the October bill. The light and power company says the cut in the cost ...

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