Cement Co makes $522m profit - But will pay no dividends - Funds to flow to US$177m plant project
All but free of faulty cement claims that ate into profits two years ago Trinidad owned Caribbean Cement Company Limited (CCC) has made more than half a billion in profit at yearend December 2007 largely on the back of big sales revenue. At the same time...
Fed cuts funds rate to three-year low - But not as much as expected
The United States Federal Reserve on Tuesday slashed a key interest rate by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession. The latest action brought the federal funds rate - the interest...
Expensive January - 2.2 per cent inflation worst in a decade
The Statistical Institute reported a 2.2 per cent movement in the consumer price index in January, making it the worst January on record in 12 years when the inflation rate was 2.6 per cent, a Wednesday Business...
DHL positions for growth in Montego Bay, Kingston - After 20 years in Jamaica
DHL Jamaica Limited is investing some US$250,000 ($17.5 million) in expanded office and operational space in the Freeport area of Montego Bay, at the same time that it is spreading its wings in Kingston. DHL Country Manager Steve Garside called it an investment in "expansion for growth ...
JSE preference share issue delayed -
New stock market structure to emerge in April
The Jamaica Stock Exchange (JSE) has revised to May the launch of its preference share offer which should have opened this month.The issue is pending approval from the Financial Services Commission (FSC), regulator of the securities market. As a result, JSE general manager...
NCB revises structure - Insurance arm now under wealth unit - Int'l business part of retail banking
National Commercial Bank has restructured its operations to more closely realign its insurance arm with its wealth management division, essentially giving Chris Williams a bigger job description. NCB has not said how much it expects to save from the shifts, which includes changes...
Trade gap grows to US$4b - Oil bill 92% of export income
Jamaica spent the majority or 92 per cent of its income from exports paying for oil imports in the first eleven months of last year, according to the latest trade data from the Statistical Institute of Jamaica.Oil, whose continuous spiral on the world market has pushed prices...
LA superior court reduces damages to Dole farmhands
A California judge has thrown out US$2.5 million of 'punitive' damages awarded against Dole Food Company in the Tellez case last year, saying it was excessive and a violation of the company's constitutional rights. Now instead of the near US$4.1 million...
Securing the future - career in life insurance
"My job requires vision, insight, flexibility, aggressive marketing and prudent management of funds," says Jacqueline Sharpe, general manager of Scotia Jamaica Life Insurance Company. As an insurance executive she has seen changes over the years in this sector, which have helped...
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