Pan Caribbean hunts $2b - Offering $200 preference shares
Another financial house is tapping the equity market for capital via a preference share issue, but Pan Caribbean Financial Services Limited (PCFS) has set its sights at raising $2 billion.The brokerage run by CEO Donovan Perkins is offering 10 million redeemable 12.5 per cent prefs ...
Corporate tax cut under consideration
Government is actively considering reducing the corporate tax rate to equalise with that of personal income tax, Minister of Finance Audley Shaw said Wednesday night. If Shaw were to follow through on the cut it would give businesses a more than eight point reprieve. ...
Digicel projects US$434m profit on regional operations - Revenues of US$1.47b
Digicel Group Limited, the Caribbean's top mobile company, expects to grow revenues to US$1.47 billion (J$104.4 billion), with Jamaica appeared poised to deliver just under a third of that income, and is estimating profits of US$434...
Real estate grosses $50b
Jamaica's real estate market recorded transactions valued at about $50 billion last year, according to realtor Deborah Cumming addressing an investment conference on Wednesday. Cumming, the managing director of Century 21/Heave-Ho Properties, Jamaica, said real estate remained...
Jamaica needs more airlift to fill hotel rooms - JTB to promote attractions, diversify market to grow business
Jamaica has no problem with availability of hotel accommodation. Its challenge is getting additional airlift to fill the rooms that have been growing as a result of big investment in hotel development, particularly by the Spanish, in the past few years.
Indies Pharma expands to US - Deepens distribution channels in Caribbean
Indies Pharma Jamaica, a Montego Bay pharmaceutical marketing company, is expanding its distribution channels deeper into the Caribbean and has established a subsidiary in the United States, having spent the last three years building out its Jamaican market....
French bank reels under US$7b fraud by rogue trader
French bank Société Generale said Thursday it has uncovered a €4.9 billion (US$7.14 billion) fraud - one of history's biggest - by a single futures trader whose scheme of fictitious transactions was discovered as stock markets began to stumble in recent days....
Implications of the Economic Partnership Agreement
The Cariforum-EC Economic Partnership Agreement (EPA) is more than just a trade agreement: its scope embraces many subjects that have up to now been solely or mainly within national and regional jurisdiction. As a legally binding international instrument...
Sonia Jackson heads project to create CSME database
A data collection project headed by Jamaica's Dr. Sonia Jackson has been tasked with creating a CSME database comparable to the European Union's and capable of generating statistical profiles of the 15 Caricom members. But first, Jackson's committee ...
Samuda outlines plans for network of business incubators, trade councils
The Ministry of Commerce and Industry will be building out a network of 'business centres' or incubators to function as advisors to small entrepreneurs.Initially, the centres are to be pilot tested in four parishes before moving to full coverage of the island....
Market reports US stocks
NEW YORK (AP): Wall Street scored its second straight big advance yesterday, extending its recovery after economic figures suggested the job market is holding up and as lawmakers promised measures that could ease concerns about consumer spending....
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