Targets derailed - 'Dean' blows economy off course Damage tops $20 billion
Hurricane Dean damage has been estimated nationally at $20 billion and the Planning Institute of Jamaica (PIOJ) is warning that economic growth will be restricted as a result.Additionally, the PIOJ sees inflation possibly climbing into double digits....
Positive reactions to finance team
Bruce Golding's unusual move of placing three Cabinet ministers within the Finance Ministry, two without portfolio, has got positive reactions from business interests and analysts, largely because of the Wehby factor. Don Wehby, second in charge of one of Jamaica's most powerful..
FCIBJ stock soars to year-long high on strong profit performance
FirstCaribbean International Bank Jamaica Limited's stock rode to a new high Wednesday, gaining more than 11 per cent in fairly light trading on the Jamaica Stock Exchange.At market close, with only 4,166 units traded, FCIBJ added $2.99 to its stock price ...
JMMB adding new credit department -To structure financing deals
The Jamaica Money Mar-ket Brokers is expanding its New Kingston head office with the addition of a new unit to manage its credit portfolio. "The department is expected to be up and running by November of this year," said Marguerite Cremin, JMMB marketing manager.
Dyoll creditors failing to collect
The Jamaican liquidator of Dyoll Insurance, John Lee, says a substantial number of the company's creditors are failing to collect their entitlements, resulting in a build-up of funds. Dyoll has just under $2.8 billion in liabilities to clear, with Jamaican creditors owed..
Salada board rejects mandatory offer
The directors of Salada Foods Limited advised shareholders of the stock on Wednesday against taking up Three Bears Limited's recent mandatory offer to purchase the remaining 39.77 per cent of ordinary stock units.The Board members rejected the offer on...
Sandals secures Trinidad financing for Antigua property
Trinidad-based First Citizens Bank (FCB) has signed a US$36 million bond agreement with the Jamaica-based Sandals Group for the development of a resort and spa in Antigua.Sandals chairman Gordon 'Butch' Stewart said the project would involve an addition...
Subprime contagion less in emerging markets
Financial contagion from a credit crunch rooted in the American subprime lending market seems not to be affecting emerging economies as muchas crises in the past, the head of the Bank for International Settlements said on Wednesday. Financial markets...
JPS blames OUR for power generation gap
Jamaica Public Service Company (JPS) charged Thursday no approval has yet been given by the utilities regulator for the addition of new generating capacity to meet the country's consumption needs, despite expectations that demand will outstrip supply in two years
Lalor selected for PSOJ Hall of Fame
Dennis Lalor, chairman of the Insurance Company of the West Indies and a former president of the Private Sector Organisation, has been selected for the Private Sector Hall of Fame, and is to be inducted on October 25."Mr.
Business recognition across markets -Benefits of trademark registration
When your business is just starting out and is easily recognisable to your limited customer base it would be difficult for another trader to pretend that his goods or services are yours.Your customers know you, your place of business, your delivery men....
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