Jamaica Gleaner Business
Published: Monday Wednesday | January 14, 2009
GraceKennedy investing in two new plants - Group capital expenditure to exceed 2008
GraceKennedy Limited is finalising talks with Government to lease factory space and equipment in Hounslow, St Elizabeth, that will become the base of a packaging operation for domestically grown produce. At the same time, the conglomerate, through its food division...
Business outlook grim, consumers expect more pay - Jamaica needs economic reality check - Curtin
Business confidence slumped by 22 per cent close to six year lows, depressed by balance sheets under stress and an increasingly grim outlook on prospects for the local currency and the wider economy. But consumers, while they too were less optimistic about jobs...
GCT hike proposed to offset EPA tax loss
The government could resort to a hike in the general consumption tax (GCT) rate, a finance ministry technocrat has proposed to plug the J$1.4 billion hole in revenues to the state which will be created under the recently signed Economic Partnership Agreement between the European...
Jamaica, IDB to sign new loan agreements January 19 - Some funds for redistribution
The Inter-American Development Bank (IDB) has been Jamaica's most significant multilateral investment partner. In recent months, it has stepped up funding to the Government of Jamaica including the provision of a number of policy-based loans, budgetary support...
Cuba tourism income rises
Cuba saw record tourism in 2008 that generated more than US$2.7 billion in revenue, a 13.5 per cent increase over the previous year, the government reported.Some 2.35 million foreigners visited the island last year, 9.3 per cent more than in 2007,...
China takes up IDB membership
China's membership in the Inter-American Development Bank, which turns 50 this year, was formalised Monday at a signing and flag placement ceremony in Washington. The IDB had approved its entry last October, which Chinese ambassador Zhou Wenzhong said...
Obama stimulus will work, says Bernanke
United States Federal Reserve Chairman Ben Bernanke said yesterday the stimulus package being crafted by President-elect Barack Obama and Congress could provide a "significant boost" to the sinking economy. But he warned that such a recovery wouldn't last unless other steps...
Banks instructed to disclose, document bailout money
Federal regulators are asking financial institutions to monitor their use of government money received under the US$700 billion rescue plan and other support. Banks and other financial institutions should track how the federal money or guarantees they...
