Gatwick slots are 'junk', says Henry
Minister of Transport and Works, Mike Henry, has vowed to press ahead with the review of the Virgin Atlantic contract, saying Air Jamaica and the country were given a raw deal with "junk" slots at Gatwick Airport, London. He is now demanding three of the seven positions ...
Jamaica in denial
Head of Jamaica's biggest bank, William 'Bill' Clarke, the president of Scotiabank, says manufacturers are in denial if they believe they can compete globally. Clarke, a top executive in Jamaica who tells it as he sees it, also expects that the high-investment schemes...
Carreras loses tax case - But freed of $3.5 billion penalty
Carreras Limited has lost its four-year legal battle with tax collectors, but can claim some level of vindication from a High-Court decision that has freed it from paying out billions in liable for the original taxes....
Court to scrutinise bid tactics - Barbados Securities Commission unhappy with actions of Neal& Massy, ANSA McAL
Neal and Massy Holdings Limited has extended its takeover offer for Barbados Shipping and Trading Company by two and a half weeks, and at the same time is seeking to calm jitters over what seems to be a pending court fight with regulators. The company has left open the possibility...
New majority owner for private power company - Houston's AEI expands footprint to Jamaica
International energy company AEI Limited has taken controlling interest in the Rockfort-based Jamaica Private Power Company, finalising three-tier deals Tuesday that give it a firm 84.4 per cent ownership. "JPPC broadens our geographic reach by adding a new country...
Wynter not excited by Latibeaudiere's plan - Says single financial regulator proposal counters current trends
FINANCIAL REGULATOR Brian Wynter has poured cold water on a proposal by the Bank of Jamaica (BoJ) governor for a single financial regulator, a plan that would require his agency, the Financial Services Commission (FSC), to operate as a unit within the central bank....
Seprod divests again
Following the announcement that it would sell its 50 per cent interest in the US$40 million Gatcombe Investment by the start of this month, Seprod Limited now says it will be divesting its interest in its St.Lucian-based associated companies Productive Business Solutions Limited...
Jamaica in denial: Manufacturers can't compete; investment schemes will crash - William 'Bill' Clarke, in his own words
Gleaner editor Barbara Ellington speaks with banker William 'Bill' Clarke about his take on several issues, including business prospects and the high-return investment schemes that have been exciting investors.BE: How do we stand globally in the medium...
Wehby hopes to introduce performance-based budgeting - Fund allocation to be matched to targets
Minister without Portfolio in the Ministry of Finance and Public Service, Senator Don Wehby, says he will be pushing for the introduction of performance-based budgeting, citing it as a proven tool for maintaining fiscal discipline."In my six weeks at the ministry...
BoJ as regulatory monopoly: Not a good idea
I REMEMBER being so amused by the power and subtle un-subtlety of British humour when Margaret Thatcher made her push against monopoly power in the United Kingdom.One huge and prominent London billboard read something like this: 'Maggie why ONE Monopolies' ...
|
