LOJ to pay $900 million in dividends - Says more to come
Life of Jamaica (LOJ), the financial services conglomerate, says it will pay out approximately $900 million in interim dividend against 2008 projected profit, even ahead of finalising the results for its first quarter that ends on March...
Cruise outlook
The cruise industry's outlook is positive this year despite economic pressures such as high fuel costs, the weak dollar and the struggling housing market, leaders of the world's largest cruise lines said Tuesday. Dan Hanrahan, marketing committee chairman for Cruise Lines...
$4 billion housing project for Montego Bay - Can-Cara launches Meadows of Irwin today
Can-Cara Development Company is developing an 800-unit housing project in St James, in which it will be pumping $4 billion.The complex is to be done in four phases, the company told the Financial Gleaner on Thursday, ahead of today's launch of the development...
Dyoll Insurance seeks $388m in damages - Triples claim against former parent
The lawsuit against Dyoll Group brought by liquidators of its insurance arm won't be heard until May 8.But instead of defending a $117-million suit, Dyoll Group will be asked to make restitution of $388 million. Legal sources tell the Financial Gleaner...
Donnie Bunting, dairy-educated fish farmer - No easy road for No. 2 producer of inland fish
In 1989, Clarendon fish farmer Donnie Bunting faced a tough choice: Should he continue in the family-run dairy farming business, which showed all the signs of being on its last legs or get into fish farming, a new, but potentially lucrative business?...
Gold futures hit US$1,000 per ounce - As investors abandon plunging US dollar
Gold rose above US$1,000 an ounce for the first time Thursday, pushed past the benchmark by the sinking dollar and record crude oil prices.The dollar fell below 100 yen during Asian trading Thursday, its weakest level against the Japanese currency in 12 years...
NIR regains strength in February - Ahead of fiscal target
The Net International Reserves (NIR) regained strength in February, new central bank figures show, in a period when the Jamaican dollar has been holding its own in the foreign exchange market.For the past few weeks, the central bank has been absent from the market...
COMMENTARY - Jamaica as an operating business
The Bank of Jamaica periodically publishes an analysis of the country's balance of payments (BOP).It recently released Jamaica's performance for the nine-month period January to September 2007. As a financial person, I tend to look on our BOP a little differently...
COMMENTARY - UWI's agenda for strategic change - The final in a series
Universities across the world today face conditions entirely unknown to faculty and administrators a mere decade ago. Ivory Tower days are over; not only here, everywhere. Communities, governments, politicians, parents, students are all becoming more critical, vocal...
Understanding the EPA - Most Favoured Nation concession a danger for the Caribbean
The most difficult aspect of explaining a trade agreement in simple language comes when elements that are politically and economically important relate to concepts remote to concepts remote from daily life. It is easy to explain that in the Economic Partnership Agreement (EPA)...
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