Jamaica Gleaner News- Business - Friday

After 52 years ...Blue Cross replaced - To be rebranded as Sagicor Jan 1, Merger to be finalised by March

Sagicor Life Jamaica Limited has been given 60 days by Blue Cross/Blue Shield, international owners of the brand, to finalise the transfer of the Jamaican business, and informed sources say that the transition is already two weeks underway with visible signs of the rebranding expected by next month.

Dollar hits $80

The Jamaican dollar crossed the $80 mark this week, with the central bank stepping up its activity in the market to keep it from falling too far too fast.The dollar was expected to hit the $80 mark, but analysts predicted it would have happened next year.

Broilers to track poultry from coop to shop

The Jamaica Broilers Group has installed a US$500,000 (J$40m) computer-based inventory management system that will allow it to track its products, real time, from even before they enter the...

Scotia DBG lead broker on Pegasus sale

The Development Bank of Jamaica has hired investment bankers, Scotia DBG Investments, as its lead broker for the sale of government's near 60 per cent stake in the Jamaica Pegasus hotel, it was announced on Thursday."As lead broker and advisor, Scotia...

CariCRIS lowers ratings on NCB, subsidiary - But says companies strong

CariCRIS said this week that it lowered its ratings on National Commercial Bank Jamaica Limited (NCBJ) and its wealth management arm, NCB Capital Markets Limited (NCBCML), the first two entities in its portfolio to face...

Ja gears up for new oil, gas surveys - PCJ contracts Norwegian firm for February job

Jamaica is to undertake a new offshore survey for signs of oil and gas as well as open another round of bidding for exploration rights in the waters to the west of the island next year, a senior government energy...

New wave of independence sweeps

Leaders from Latin American and Caribbean countries pose for a group photo during a summit in Costa do Sauipe, Brazil, Wednesday.

Century Aluminum considers plant shutdown

Production at Century Aluminum of West Virginia's Ravenswood plant is being cut and may halt altogether because of slumping prices, the company's Monterey, California-based corporate parent said Wednesday.For now, one potline at the plant will be shut...

Liquidity trap: Jamaican versus US stimulus and Madoff

The United States economy is officially in recession. The Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) acknowledged that the economy peaked in December 2007, thereafter, proceeding to almost freefall.

Bauxite contracts

THE EDITOR, Sir: I need to find out if Prime Minister Bruce Golding has in fact renegotiated the forward sale agreement with Glencore.Because if he jumped and did anything that relieved Glencore of their obligation to take alumina in what now is a very...

Air J brand retention conditional to sale

With only three more months to find an investor willing to buy an airline, Air Jamaica boss Bruce Nobles was back on the road this week to drum up interest in the carrier.His latest known stop was in New York.Jamaica is selling majority control of the...

BOJ did the right thing, says IMF boss

Dominique Strauss-Kahnhas backed the decision of the central bank to raise interest rates even as some of the country's business leaders warn there was danger in going too far.

Inaugural latam-carib summit in pictures

Paraguay's president, Fernando Lugo (centre), Ecuador's president, Rafael Correa left) and Bolivia's President Evo Morales, talk during the summit of Latin American and Caribbean leaders in Costa do Sauipe, Brazil, Wednesday.