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Fly Jamaica taking long to lift off

STARTING an airline is a complicated business. Running a profitable airline is even tougher, as the process involves constant learning and adaptation. Fly Jamaica Airways, a new airline set to begin operations in Jamaica in August, is taking the owners and partners close to a year to officially take to the skies.

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GlaxoSmithKline pleads guilty to health fraud, fined US$3b

GlaxoSmithKline_BOSTON—A US judge yesterday approved an agreement by British drugmaker GlaxoSmithKline to pay US$3 billion for criminal and civil violations involving ten drugs, the largest healthcare fraud settlement in US history.

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JAMAICA – Gov’t intends to remove tax on electricity - Paulwell

Minister of Science, Technology, Energy and Mining (STEM),  Phillip Paulwell, says the Government will seek to keep its promise of removing the General Consumption Tax (GCT) on electricity.

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Barclays bank chairman Marcus Agius to resign

The BBC is reporting that it has learned that Chairman of Barclay's Bank, Marcus Agius is to resign as the chairman of the entity.

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TRINIDAD -REDjet seeks meeting with Trinidad's Civil Aviation Authority

redjetTHE BARBADOS based Low-cost carrier REDjet, which suspended operations since March 16, wants to meet with officials of the Trinidad and Tobago Civil Aviation Authority (TTCAA).

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EU border tax threats 'serious issue'

cariforum-epaCARICOM Secretary General Irwin LaRocque has cautioned the Jamaican and other regional governments not to be casual in their approach to addressing Europe's demand to reduce customs duties on goods imported from that territory.

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Guyana not revoking REDjet's licence

The Guyana government says it has no plans to go the route of other Caribbean jurisdictions and revoke the licence of the now-grounded low fare airline REDjet.

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Barclays Bank has 'serious questions' to answer says Cameron

David-Cameron-007Britain’s Prime Minister David Cameron has said that Barclays Bank management has "serious questions" to answer over how it manipulated banking lending rates.

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JAMAICA - New Variety of Disease Resistant Banana Plants Available

The Ministry of Agriculture and Fisheries has launched a new variety of disease resistant and higher yielding bananas and plantains, which are expected to facilitate increased cost efficiencies by 30 per cent for local banana farmers.

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No bail-out promised for REDjet says Sinckler

redjetinskyThe Freundel Stuart Administration did not promise bankrupt airline REDjet an $8 million bail-out.

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CARIFORUM -Dozen CARIFORUM firms to get London Olympics opportunity

ce_logo2Twelve CARIFORUM (CARICOM plus the Dominican Republic) firms will have the opportunity to pitch their business ideas to prospective investors, distributors and retailers in London during the upcoming Olympics.

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Prime Minister Skerrit defends investment in LIAT

liat_aircraft_tailROSEAU, Dominica, Jun 27– Prime Minister Roosevelt Skerrit has defended the decision of his administration to invest eight million EC dollars (US $2.96 million) in the cash-strapped regional airline, LIAT.

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TRINIDAD - Caribbean must withstand global economic shocks says Williams

CENTRAL BANK Governor Ewart Williams has proposed that the Caribbean region needs to strengthen its financial and regulatory systems so it can withstand global economic shocks.

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Oil falls on lingering concerns about Europe

oil rigNEW YORK—The price of oil declined yesterday as Spain’s banking crisis added to concerns about the troubled European economy. A tropical storm also moved away from the heart of America’s oil production in the Gulf of Mexico, reducing the chances for a sustained disruption in US supplies.

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CARICOM air transport spokesperson never told of REDjet

KINGSTOWN, St. Vincent, Wednesday April 4, 2012 –  St. Vincent Prime Minister, Dr. Ralph Gonsalves has made it clear that he will not be sympathetic to the plight of Barbados-based air carrier REDjet.

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Suriname, USA sign open skies agreement

Gerard-Brunings300x225PARAMARIBO–Suriname and the United States of America on Thursday took a major step toward an open skies agreement. The draft agreement was initialed on Wednesday after three days of talks in Royal Torarica Hotel.

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Concern raised over Bahamas rating in financial services ranking

NASSAU, Bahamas -- People still see The Bahamas as a difficult place to do business, and this is reflected in data released in a report by the Global Financial Centres Index (GFCI), according to accountant Philip Galanis.

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CAL’s dressed-up planes still parked in France says PNM Senator Deyalsingh

CALnew_planesSeveral ATR 72-600 planes, for which Caribbean Airlines (CAL) has already paid millions of dollars, are still in a hangar in Toulouse, France.

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Digicel T&T gets new CEO

Mobile telephone services provider Digicel has appointed John Delves as the company's new chief executive officer of its Trinidad operations.

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CARICOM Development Fund publishes manuals for businesses

ST. JOHNS, Antigua- Three new resource manuals designed to assist small and medium-sized Caribbean businesses were introduced yesterday by the Caricom Development Fund (CDF).

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Liat ends special arrangements for REDjet passengers

desmond-brownThe special arrangements for the affected REDjet’s passengers have ended, said Desmond Browne, communications manager of Liat. In a release issued yesterday, Browne said the special arrangements were for a fixed period and were specifically geared to assist those persons who had already started their journey at the time of REDjet’s announcement.

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