Minna Israel to run RBTT Jamaica - Heir apparent leaves Scotiabank
Career banker, Minna Israel, who was seen at one time as the natural successor to William Clarke as Scotiabank Jamaica chief, has switched over to a competing bank that itself is in the process of changing owners. The move, as it turns out, represents a return...
Angostura bid for Lascelles clears regulators
Having conceded that its bid was really a takeover offer, Trinidad and Tobago's Angostura Limited has been cleared by Jamaican regulators to proceed with its move to acquire the Lascelles deMercado group, company and regulatory sources confirmed yesterday...
Inflation spikes to 14% ahead of Christmas
Prices shot up more than three per cent in the month of November to push calendar inflation to 14 per cent, Jamaica's premier data collection agency, Statistical Institute of Jamaica (Statin), has reported. The hikes were linked largely to the increased price of food...
Digicel to take on two new markets - Investing US$15m in BVI roll-out, bids US$80m for Honduras licence
Digicel Group is expanding into the British Virgin Islands and has earmarked US$15 million to roll out services in what will be its 24th regional market.But the mobile services company also announced on Wednesday that its US$80.1 million bid, using the vehicle Digicel Honduras ...
New trade pact 'unprecedented' on services, people movement, says Bernal - EPA sealed in time to replace Cotonou
Cariforum negotiators have secured a 'landmark' deal with the European Union (EU) that will see the writing of a new trade pact incorporating not only goods, but also services and investments, just in time to replace the interim Cotonou agreement which dies at midnight December 31....
Banana, sugar get more favourable deals
The European Union (EU) is to allow Caribbean bananas unfettered market access, nullifying a recent World Trade Organisation (WTO) ruling that sides with countries like Ecuador which have been demanding a lifting of the protective veil from the EU's former colonies....
Airone Ventures going after 'national carrier' status - But says won't compete with Air Jamaica
Airone Ventures Limited (AVL), a start-up airline seeking a home in Jamaica, is petitioning the Government for 'national carrier status', but insists it won't be entering the market as a rival to Air Jamaica. Airone's chief executive officer, Peter Delany, said the airline...
Rice duties to be eliminated by EU
Cariforum rice exporters will have a two-year period to adjust to full duty-free and quota-free access, trade negotiators have agreed under the new Economic Partnership Agreement with the European Union (EU). In the meantime, countries have been granted...
Billy Craig to top $1-b revenue mark for the first time
Montego Bay-based Billy Craig Insurance Brokers (BCIB) projects that its premium income will reach $1 billion this year and is attributing its performance to client loyalty and new product introduction. In the last 10 years, the company has experienced a near six-fold growth...
NCB ejects CAREIF's accounts - But bank refuses to say why
National Commercial Bank (NCB) has locked down the bank accounts of Caribbean Real Estate Investment Fund Limited (CAREIF), but has refused to give the company an explanation for its actions, according to bank correspondence obtained by the Financial Gleaner...
Constraints on financial commentary
I get a comment or query that has become common in its general focus and frequent in occurrence. So much so I am persuaded I should clarify the issue. Readers tell me they feel I have much more to say on the subject in any particular column. I am, indeed, flattered by the sentiment...
Commodity exports narrow current account deficit in July
Jamaica's balance of payments showed marked improvement in the month of July, the central bank is reporting, largely from commodities exports that contributed to gains of US$54.9 million that cut down the current account deficit to US$89 million. Last year July, the deficit...
Neal and Massy heading to court over BS&T
Neal and Massy Holdings Limited was this week evaluating its next move after it was blindsided by a court injunction secured by rival AMCL Holdings Limited, a Barbados-registered subsidiary of the ANSA McAL group. Its response to the injunction is expected ...
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