Jamaica raises US$350m overseas - Analysts say 8% bond likely to disrupt yield curve
Jamaica yesterday raised US$350 million (J$25 billion) on the international capital markets, through a 10-year placement that was fully subscribed at market close. The 2019 notes were issued at a coupon of 8.0 per cent and priced to yield 8.375 per cent...
Lee Chin pleased with Hylton
Michael Lee Chin, the billionaire owner of National Commercial Bank, has heaped high praise on Patrick Hylton, who has run the bank for four years to place it on top as asset leader. "NCB's performance has been outstanding and Patrick Hylton's strategic leadership has ensured...
A honey of a deal - Bee farmers, Boston company sign partnership agreement
Jamaica's bee farmers have partnered with a group of ex-patriates from Massachusetts in the United States to build out a manufacturing and distribution business for local honey. On Monday, the All-Island Bee Farmers Association...
RBTT to retain identity for now - Bank merger finalised Monday
Royal Bank of Canada and RBTT will continue to operate under their respective brand names, for now, said a spokesman for RBTT Financial Holdings group in the wake of Monday's announcement that the merger transaction has been finalised, creating a new banking powerhouse...
Caribbean still top cruise destination - Family cruises booming, says CLIA
The Caribbean remains a top destination for cruises, and more passengers are bringing their children along for the journey, according to a new survey by the Cruise Lines International Association (CLIA). Cruise experts also say that in response to rising fuel costs...
A golden performance - Jamaica Broilers reports record sales of $20b
In 10 months, Jamaica Broilers Group's nascent ethanol business has blossomed into a $6 billion revenue turner for the poultry producer, and a golden opportunity to grow sales and profits. For a second day this week, the JBG stock closed higher on the Jamaica Stock Exchange...
FSC stamps its approval on CariCris - But says not a guarantee of ratings quality
CariCris, the Port of Spain-based Caribbean credit-rating agency, has received formal recognition from Jamaica's Financial Services Commission (FSC), but the FSC says that the seal does not imply its guarantee of the quality rating CariCris applies to instruments or institutions...
Antigua, US gambling dispute drags on - New resolution date set
Washington and St John's have set a new deadline of Friday to resolve their dispute over Internet gambling, according to Antigua's top finance official. Antigua accuses the United States of crippling its gambling industry by banning Americans from...
Opportunities to build wealth
FOR MANY, the idea of building wealth can be a daunting task. Where does one start? How does one prioritise goals? First, if we are to determine how we are going to build wealth, we need to define it. Wealth is a very personal matter and it is important to evaluate what wealth...
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