The woes continue at Cable & Wireless Jamaica Ltd., as the telephone company posted yet another quarterly loss to begin its financial year. CWJamaica’s net loss for the first quarter rocketed to J$503.61M, up from a much smaller loss of J$27.4M that was reported a year ago.
Despite attempts to boost its bottom line through various strategies including cost-cutting measures, the opening of new flagship stores and the launching of its 3G service, CWJamaica still struggles. Since the start of the year, Cable & Wireless Jamaica’s stock has dropped 20% to J$0.40 from J$0.50.
Odane Beale, 24 years old, of Resource District in Manchester, was sentenced recently to 60 hours of community service for littering, after he tore up a speeding ticket and threw it at the feet of the policeman who had just handed it to him.
Allegations are that at approximately 2 a.m. on the morning of July 28, Beale was pulled over by the police on Mandela Highway in St. Catherine, and given a ticket for speeding. He reportedly tore it up and threw the scraps at the feet of the policeman who then proceeded to arrest and charge him for littering (under the Solid Waste Management Act). He reportedly spent the night behind bars.
In court, Beale pleaded guilty with explanation, and told the court that his unruly action was because he had a bad day tending to family issues.
