Dyoll surrenders - Board opts for voluntary liquidation
Dyoll Group Limited, whose business was grounded in 2004 by insurance claims it could not afford to pay, has opted for voluntary liquidation, but needs the approval of shareholders in order to follow through on the board decision. The directors of the company, whose insurance business...
Inflation worry sends interest rates higher - But BOJ says prices will soon improve
The Bank of Jamaica has hiked interest rates again, twice in a four week period, a move that has telegraphed real concern about price stability in the broader economy. Its most telling signal was the reintroduction in January of its 365-day debt instrument which it pulled from the market...
C&W replaces Hetherington - Two top executives depart in three months
Cable and Wireless (C&W) Plc has cut loose another of its executives, signalling continued frustration at being bested by regional competitor and Irish-owned Digicel Group in its only growth market. C&W has replaced Chris Hetherington as chief executive officer, Caribbean and Americas...
Flynn estate up for sale for US$50m
The 1,600-acre Errol Flynn estate in Port Antonio is on the market for US$50 million (J$3.6 billion), Wednesday Business has learned. The property, which is now owned by Flynn's widow Patrice Wymore Flynn, is being offered to potential investors by the firm Newmark Knight Frank...
NCB posts 24% growth in Q1 profit - Declares 15 cents dividend
National Commercial Bank Jamaica Limited (NCB) posted a 24 per cent increase in net profit for its first quarter ended December 31, 2007, driven mainly by its retail banking division but with treasury a close second. For the quarter, the bank recorded net profit of $1.86 billion...
RBTT shareholders yet to vote on sale - Group reports flat 9-month profit, but strong growth in retail banking
RBTT Financial Holdings Limited has missed its January deadline to have shareholders pronounce on the pending acquisition of its retail banking arm by Royal Bank of Canada. RBTT chairman Peter July said the group was still finalising the director's circular...
US service sector contracts
For the first time in almost five years, the United States' services sector - including restaurants, travel, banking, construction and retail - contracted in January, stoking rising worries of a recession. The Institute for Supply Management's report,...
Career success - celebrating our legacy of greatness
Can you imagine a young boy from Trench Town Jamaica became a legend worldwide? His music is played in every nook and cranny across the world. Had he lived today he would have celebrated his 67th birthday. We can all use our circumstances of poverty as a reason to not succeed...
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