$2.4b NHT - developmentsfor western Jamaica
The National Housing Trust (NHT) is about to undertake a $2.37 billion investment in four different real estate projects across Trelawny and Hanover on which construction is scheduled to start in 11 months.Overall, the Trust is using a...
Global Energy Ventures gets green light on ethanol plant
A new company Global Energy Ventures Limited (GEV), has got the green light to construct a 60 million gallon ethanol dehydration plant in Port Esquivel, St.Catherine. The dehydration plant is expected to process some five million gallons...
Seprod expanding dairy units
Seprod's new acquisition Belvedere Limited, a farm that is meant to complement its dairy business Serge Island, is listed as dormant, but the company this week said the situation was temporary. Seprod is investing $50 million to $60 million in new dairy units at Belvedere...
ANALYSIS - NHT's relevance as mortgage financier
Minister of Finance Dr. Omar Davies, during his budget speech in April, invited discussion on the Government's intention to consolidate statutory payroll deductions. Davies suggested the need to "rationalise the structure of these deductions so as to allow....
Competition suppresses price for C&WJ
President of Cable and Wireless Jamaica Limited (C&WJ) Rodney Davis says competition in the mobile market is preventing the major telecommunication company from maximising its price cap on fixed-line services. But the telecoms executive also believes he needs a more...
Benchmark interest rates inch higher
Interest rates are slowly inching back up, hitting new highs each month.The last two Treasury bills auctioned by the Bank of Jamaica yielded 12.13 per cent and 12.16 per cent respectively, the latter relating to the performance of the benchmark...
Trinidad capital market 'nascent and unsophisticated' - Dealers, regulators set sight on secondary trading systems
Trinidad and Tobago's capital market, described by the country's Central Bank Governor, Ewart Williams as being "nascent and unsophisticated", is facing increasing pressures from both dealmakers and investors for accelerated development...
Chris Berry realigns Mayberry holdings
Christopher Berry, the top shareholder in the family controlled brokerage Mayberry Investments Limited, has transferred his entire holdings in the company to a new vehicle, but the company said the move has not affected the ownership structure....
Banks postpone US$12b Chrysler funding plan
Investment banks raising funds for the turnaround of Chrysler Group postponed a US$12 billion debt offer after investors balked, so they will now fund the bulk themselves to keep the automaker's sale on track, people familiar with the matter said Wednesday...
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