'Dean' damage less than 'Ivan'
Insurance companies have not yet completed their assessment of the damage caused by Hurricane Dean, but already they are forecasting claims to be much less than the amount paid out for Hurricane Ivan. According to general manager of American Home Insurance Company...
Jamaica Producers' future in banana production uncertain
Newly appointed CEO of Jamaica Producers (JP), Jeffrey Hall, says it will cost as much as $400 million to rehabilitate its banana plantations that were ravaged by Hurricane Dean on Sunday. However, he stressed that the company - the largest commercial exporter...
Trinidad experiments with methanol to produce electricity
Port-of-Spain, Trinidad: Methanol Holdings Trinidad Limited (MHTL) and the Uni-versity of Trinidad and Tobago (UTT) have teamed up to pioneer using electricity generated by methanol instead of natural gas to power up two methanol plants. Officials here said if the US$12 million...
'Dean' causes rush on security business
While most businesses had to batten down for Hurricane Dean, losing millions in revenue, most security firms creamed off earnings from additional business which came their way during the period. Based on interviews with security firms, we estimated that most security firms...
Divine intervention at its best, says int'l bond trader
International bond traders were very concerned last weekend about the potential impact of Hurricane Dean on Jamaica's economy, particularly its impact on our ability to repay our debt. According to one of the leading traders in Jamaica's international Eurobonds...
Manning boasts T&T's economic success as elections draw near
Port-of-Spain, Trinidad: Trinidadian Prime Minister Patrick Manning presented a US$7 billion budget for the 2007-2008 fiscal year on Monday, using the opportunity to list the country's economic achievements under his watch as the country gears up for general elections....
Supreme Ventures to expand in May Pen
Supreme Ventures Ltd. is planning on expanding its operations even further in the gaming/slots machine business by establishing an outlet in May Pen, Clarendon. Supreme Ventures said it will be opening a new gaming lounge at 35 Main Street in the busy town...
Jamaica National foregoes £100,000 to help 'Dean' victims
Jamaica National Building Society (JNBS), through its United Kingdom (U.K.) remittance arm, is giving up approximately £100,000 in revenue this week as part of its effort to assist Jamaica's hurricane relief efforts...
FINSAC revisited - Pt III
Analysis of failure is important. Without it human progress would be severely compromised. Dr. Chen-Young's focus is not the failure of our indigenous financial sector, rather he claims FINSAC was "total failure".
$100,000 a plate for Manning fund-raiser
PORT-OF-SPAIN (Trinidad Express): Specially invited guests will sit down to a campaign fund-raising dinner with Prime Minister Patrick Manning next week - at a cost of $100,000 each. The event entitled 'Conversations with the Prime Minister' is an initiative...
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