Small exposure to the Lehman collapse - JMMB
Jamaica Money Market Brokers (JMMB), the island's third largest securities trader, estimates that about three per cent of the company's own-account investment portfolio is exposed to last weekend's collapse of the US investment bank, Lehman Brothers...
VMBS takes 20 per cent of Prime Asset Management
Victoria Mutual Building Society (VMBS), which has been busy attempting to transform itself from a mortgage bank to a broad-based financial services company, yesterday acquired 20 per cent of Prime Asset Management, the pension funds managers controlled...
Ethanol exports, higher poultry prices push Jamaica Broilers Q1 profits
Export of ethanol and higher prices for poultry meat boosted both gross income and helped Jamaica Broilers double its net profit, to $180.91 million, in this year's first quarter, when compared to last year. But the group's senior vice-president for for operations...
Flow spokesperson leaves
Director of Marketing at Flow Jean McPherson is leaving the organisation next month. Her departure is almost on the heels of the resignation of another key person, Rick Pardy, the former chief executive officer who left in July. But McPherson, spokesperson for Flow...
Call for better alternative energy incentives
A partner in one of Jamaica's top law firms has advised the government that it needs to be far more generous with tax incentives to encourage domestic investment in alternative energy use and cited Barbados as a regional example to emulate...
US stocks surge on report of entity to absorb bad debt
NEW YORK (AP): Wall Street rallied in a stunning late-session turnaround Thursday, shooting higher and hurtling the Dow Jones industrials up 410 points following a report that the federal government may create an entity that will take over banks' bad...
What future for American Home?
American Home Assurance Company, which writes property risk and casualty insurance in the Jamaican market, is awaiting a pronouncement of its long-term future following this week's near collapse of its parent, American Insurance Group (AIG).AIG, caught...
Credit unions - a case for credit ratings
Credit unions throughout the Caribbean have experienced strong growth over the last few years. Indeed, in Trinidad their asset base now exceeds TT$6 billion, approximately 14 per cent that of aggregate commercial bank deposits in the country.
Trinidad examines impact of America's turmoil - Early signs of minimal fallout
Trinidad and Tobago has launched a full review of the likely effect of America's banking turmoil on the country's economy, but according to finance minister Karen Nunez-Tesheira initial assessment is that the impact in the short term will be minimal...
COMMENTARY - Moral hazard and the Lehman collapse
Hindsight is always 20/20; some say even better - telescopic! It can't be overstressed really that in matters of financial sector regulation, there's no room for ideological or technically unwarranted regulatory practice. Capitalism and its essential lubricant...
Conflict of interest a real issue
Conflict of interest in doing business is very topical in Jamaica and a number of countries in the world. Care has to be exercised whenever a related party is entering into any dealings (transactions) with others with whom such a person is related. The definition...
Levelling opportunities and hope in Latin America and the Caribbean - New index measures impact of inequalities
Mary is a six-year-old girl living in rural Jamaica. She has four brothers and sisters, and her mother is an illiterate widow who earns about US$180 per month as a subsistence farmer. What are Mary's chances of becoming a prominent lawyer or a university professor?
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