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Breezes
Runaway Bay back on the market after $21m upgrade
SuperClubs has
wrapped up a $21 million project to upgrade its Breezes Runaway Bay
property in St. Ann, a location which according to hotelier John Issa has
a high rate of repeat business necessitating an increase in room count. .
. . (Full
Story April 4, 2007)
Real
estate market remains buoyant
The shortage of
affordable housing in desirable locations has forced buyers to dig deeper
in their pockets to acquire property. "Jamaica is still experiencing
a seller's market," explained one of Jamaica's leading real estate
brokers, Valerie Levy. .
. . (Full
Story March 25, 2007)
Lee-Chin
makes Forbes billionaires edition again
Founder and Chairman of Canadian mutual fund company AIC, Michael Lee-Chin
appears on this month's front cover of Forbes' Billionaires Edition coming
in at 618 with an estimated net worth of US$1.6 billion. The list is still
headed by Microsoft founder, Bill Gates, who at 51 has an estimated net
worth of US$56 billion. .
. . (Full
Story March 23, 2007)
Brilliant
start - West Indies win Cup opener - Jamaica gets high marks from ICC boss
Malcolm Speed,
the chief executive officer of the International Cricket Council (ICC),
has expressed great satisfaction with Jamaica's preparation for the
Cricket World Cup which started with aplomb for the West Indies at Sabina
Park yesterday.. . .
(Full
Story March 14, 2007)
VMBS
offers 100% financing
Victoria Mutual Building Society (VMBS) customers can now secure up to 100
per cent mortgage financing for a limited period, the company announced
yesterday. .
. . (Full
Story March 14, 2007)
Mortgage
rate rivalry heats up - Not a price war, says VMBS
Jamaica's two largest
mortgage providers are now neck to neck on rates, both looking to corner
new markets by offering 12.99 per cent 'sales' on home loans as new real
estate developments from Negril to Kingston enter the market. .
. . (Full
Story March 14, 2007)
Highway
2000 change saving US$200m
The change in the route of the Bushy Park to Ocho Rios leg of Highway 2000
could save the country as much as US$200 million, according to Ivan
Anderson, an executive of the state-run National Road Operating and
Construction Company (NROCC) which has oversight responsibility for the
road-building project. . . (Full
Story March 14, 2007)
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Let
The Games Begin!
West Indies captain Brian Lara welcomed the start of the ninth cricket
World Cup by calling for it to be "the greatest sporting festival of
all time'' at a spectacular opening ceremony..
. . (Full
Story March 11, 2007)
No
clear favorites as World cup gets ready for gala opening
Perhaps
for the first time there are no clear favorites as the ninth edition of
the World Cup gets ready for the gala opening in the West Indies on
Sunday. . . . (Full
Story March 11, 2007)
New
housing project for Trelawny - Amaterra offers Tamarind Ridge scheme
Amaterra Jamaica Limited
developer, Keith Russell, has announced another major project for the
parish of Trelawny. Mr.
Russell and his wife, Paula, are currently putting in infrastructure in
the form of roads and pipes in the Duncans, Trelawny area to accommodate
140 lots for the Tamarind Ridge gated community - by Silver Sands Jamaica
Limited. .
. . (Full
Story March 7, 2007)
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Tourism
decision-making: a matter of fact
A new study commissioned by the Caribbean Hotel Association (CHA) has re-emphasised
the important role that tourism plays in the economies of many Caribbean
countries, and has pointed to opportunities for locally and regionally
produced goods and services..
. . (Full
Story March 11, 2007)
Major
developments coming for Trelawny
Following on the heels of
the $2 billion multi-purpose stadium built to host the Cricket World Cup
opening ceremony and warm-up matches, there are a number of major
developments that will take place in Trelawny, the island's 18th-century
commecial capital, over the medium and long term.
. . . (Full
Story March 11, 2007)
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Jamaica
geared up for World Cup
The Cricket World Cup
will be watched by more than a billion people and it is expected that as
many as 80,000 fans will make the trip to the West Indies to see the
matches in person. . . . (Full
Story March 3, 2007)
Profiles
of the cricket World Cup venues
A total of 12 venues will host cricket World Cup matches beginning March
13 with a West Indies-Pakistan clash at Sabina Park in Kingston, Jamaica.
However, practice matches begin from Monday.
. . . (Full
Story March 3, 2007)
Air
Jamaica introduces special flights for ICC Cricket World Cup
AIR Jamaica has introduced special flights
from South Florida and around the region for the ICC Cricket World Cup
2007. . . (Full
Story March 3, 2007)
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North
Coast Highway Major Vehicle for Economic Transformation
Prime Minister, Portia Simpson Miller
said the value of the North Coast Highway project should be viewed not
only in terms of cost, but that consideration should be given to the
savings in travel time and money and the numerous investment opportunities
that have resulted from its construction..
. . (Full
Story March 2, 2007)
Life
of Jamaica adjusts mortgage rate
Life of Jamaica has slashed a
percentage point off its mortgage loan rates for first time borrowers, the
first rate cut in three years, in an attempt to grab a bigger market
slice. .
. . (Full
Story February 28, 2007)
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Stakeholders
say 15,000 houses needed for tourism workers
Despite a move by the National Housing Trust (NHT) to fit booming
north-coast resort towns with additional housing to match current tourism
expansion in those areas, some stakeholders say the houses will not be
enough to meet the demand of workers flocking to the areas.
. . . (Full
Story February 11, 2007)
Digicel
seeks laptop makers in France, China
Digicel Jamaica, which plans to dish out subsidised laptops with the
launch of its Internet product by mid-year, says it is negotiating with
manufacturers in France and China to supply the machines. .
. . (Full
Story February 11, 2007)
Jamaica
Economy Grew By 2.7 Per Cent Last Quarter, Agriculture Star Performer
The Planning Institute of Jamaica (PIOJ)
has reported that the economy grew by 2.7 per cent during the October to
December quarter, with the agricultural sub-sector emerging the star
performer, with growth of 12.4 per cent. .
. . (Full
Story February 16, 2007)
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FIS
seeking markets for 29 properties - Valued at $840 million
Financial Institutions Services Limited (FIS) is hunting buyers for 29
properties it has left to sell from among confiscated assets mainly linked
to Blaise and Century National, two of the more spectacular failures in the
financial sector meltdown of the mid-1990s.
. . . (Full
Story February 21, 2007)
Slipe
Road businesses up for sale worth over $200 million
Over $200 million worth of commercial real
estate is up for sale in the gritty Slipe Road area of Kingston. But
according to real estate broker Andrew Issa, whose firm, Coldwell Banker
Jamaica, is representing many of the property owners, this turn of events
has nothing to do with a fear of crime. . .
. (Full
Story February 21, 2007)
Home
owners at risk
Owners of homes in the majority of
Jamaica's approximately 3,000 registered strata corporations stand to lose
millions of dollars if their property is damaged by natural disasters
because the stratas are not paying insurance. .
. . (Full
Story February 7, 2007)
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