PriceSmart takes over former Nestlé Ferry hub
PriceSmart takes over former Nestlé Ferry hub
PriceSmart takes over former Nestlé Ferry hub
Government tapping international markets for US$1 billion
CARACAS (AP): Nothing has shaped what it means to be Venezuelan today more than oil. For more than 100 years, in good times and bad, Venezuelans’ identity has been built around the belief that their country’s bountiful oil resources belong to the people, not a government or a company. This belief, and a troubled nation’s pride, took a bruising last week when acting President Delcy Rodríguez agreed to give the United States control of roughly one-fifth of Venezuela’s oil reserves, the largest in the world.
WESTERN BUREAU: The immediate past president of the Jamaica Association of Principals of Secondary Schools is taking issue with the Government’s economic policy, arguing that Jamaican workers must not again be asked to sacrifice in order to preserve stability while economic growth remains elusive.
An extra $500 million has been set aside for drought response. The funding will help with relief efforts and long-term measures. Officials hope it will ease the strain on farmers and residents.
China trade surge
The Jamaica Hotel and Tourist Association has commissioned an independent review by PricewaterhouseCoopers. The assessment will look into the impact of the recent increase in the General Consumption Tax. The move comes as the industry pushes back against the hike.
The island's severe drought is pushing up costs for water-dependent businesses. They are finding other water sources to meet restrictions. David Chambers, who runs Mountain Ridge Auto Spa, says he had to raise prices for customers. He couldn't absorb the extra rent, light, and utility costs.
Daenia Ashpole takes over as CEO of Jamaica's Business Development Corporation. The agency helps micro, small and medium enterprises grow. Ashpole has a background in public leadership, trade, policy, governance, and entrepreneurship. The board believes she can expand support for small businesses.
Jamaica-born Judith Green has been appointed the World Bank Group’s country manager for Barbados and the Eastern Caribbean States. Based in Barbados, Green will represent the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) across the sub-region. The Washington-based institution said Green will work with governments and the private sector to promote job creation and sustainable development.
Tourism Minister Edmund Bartlett has promised the tourism sector's backing for Coopers Pen residents in Trelawny who lost their homes when 20 houses were demolished. He made the pledge during a visit with Prime Minister Andrew Holness, who said the government will help relocate some of the affected families.
Jamaica Energy Partners Group has handed out 68 scholarships with a combined value of nearly $20 million to students at secondary and tertiary levels. The awards were presented at the company's Destination: Success ceremony in Kingston. The event, themed 'Powering Potential. Inspiring Possibilities', recognised students for academic promise and determination.
JPS has handed out 25 new energy-efficient freezers to small business owners in Riverton Meadows. The swap program replaces old units with 16-cubic-foot models. The goal is to cut electricity bills and keep operations running smoothly.
JN Financial Academy offers a course called Smarter Credit aimed at helping Jamaicans manage their bills and credit. The program teaches practical skills for handling personal finances. It's designed to improve financial literacy among participants.
The domestic economy of the Bahamas is expected to maintain steady growth throughout the current year.
The exchange rate for the US dollar was reported at 159.21 units. This figure reflects the current value in the foreign exchange market. Traders are keeping a close eye on any fluctuations. No further details were provided in the report.
The World Bank Group has named Judith Green as its new country manager for Barbados and the Eastern Caribbean. She will oversee the institution's operations and partnerships across the region. Her appointment signals the bank's continued focus on supporting small island states in their development efforts.
El presidente de la Asociación de Hoteles y Turismo de Jamaica, O'Brian Heron, apoya el llamado para que los jamaicanos tengan acceso a las playas y la costa. En una entrevista con The Gleaner tras la asamblea anual en Montego Bay, Heron coincidió con el movimiento Jamaica Beach Birthright Environmental Movement, que lleva el caso a los tribunales. Describió el asunto como profundamente emocional.
Jamaica is taking steps to strengthen its casino defenses, according to the headline. The article likely details new measures to protect against potential risks. Without further details, the exact nature of these defenses remains unclear.
Sheree Martin will become the CEO of National Commercial Bank Jamaica on September 1, 2026. She has led the bank as interim CEO since January. The bank says her permanent role ensures stability in its current operational goals.
The current exchange rate for the local currency is 159.02 to one US dollar.
Sheree Martin has been named the first female CEO of NCBJ, effective September 1. The appointment is a first for the organization. She will lead the company going forward.
Advantage General has rebranded to become Sagicor General Insurance Jamaica. The change reflects a new identity under the Sagicor brand. The company will now operate under this new name.