Jamaica Gleaner Business
Published: Monday Wednesday | March 25, 2009
FSC ready to welcome investment clubs - But limits membership to 20
Jamaica's Financial Services Commission (FSC) has laid out the broad criteria under which it would likely sanction investment clubs, including limiting membership to no more than 20, rather than the hundreds who paid money into the slew of unregulated schemes ... Read More...
CaPRI weighs value of stimulus plan
CaPRI, the Mona-based independent policy research think tank, having studied the flow of funds under six programmes in Bruce Golding's stimulus package, is now analysing whether the monies would have been better spent on social projects and security... Read More...
A split in Sagicor ranks - VP confirms departure
Sagicor Life Jamaica is losing at least one of its top executives, amid swirling rumours of a fallout in the company that has been denied by key players, who say the issue is complicated. Bernita Locke, vice-president of human resources, confirmed ... Read More...
ACS acquires e-Services Group for US$85m
Affiliated Computer Services said Tuesday that it has closed the acquisition deal for the Patrick Casserley-led e-Services Group International for US$85 million. The acquisition includes the company's liabilities, according to the American firm... Read More...
Taqa pays Marubeni US$320m for Carib assets
Taqa and Marubeni have closed the joint venture deal that gives the United Arab Emirates company a stake in the Caribbean energy market, for US$320 million. Taqa now owns 40 per cent of Jamaica Public Service Company in equal partnership with Marubeni... Read More...
JSIF goes 'green', a first in the region
The Jamaica Social Investment Fund (JSIF) in January became the first government agency in the English-speaking Caribbean to be certified ISO 14001 as fully compliant with the standards of environmental management.For an agency that is reliant on... Read More...
For $3,300, PriceSmart clients can access new credit card - But minimum $500,000 salary required
Bank of Nova Scotia Jamaica, which already has some 100,000 credit-card clients on its books, is looking to leverage new business from the retail trade by collaborating on an 'advantage' card with PriceSmart.Potentially, the deal offers BNS access... Read More...
DR gets liquidity support from IDB
The Inter-American Development Bank (IDB) last week approved a US$300 million 'liquidity' loan for the Dominican Republic (DR) to be used for private sector working capital and trade financing.An additional US$60 million - the first tranche... Read More...
Family travel, remittance concessions downplayed by Cuba - Chides US policy shift as not going far enough
Cuba's state-controlled media on Monday downplayed eased United States rules on family ties with Cuba, calling the measure a defeat for the communist government's foes that still left Washington's 47-year-old trade embargo intact... Read More...
World trade to fall 9% ... ending 26-year growth cycle
Global trade will shrink by nine per cent this year in the most devastating collapse since World War II, the World Trade Organisation (WTO) said on Monday.The WTO said commerce in rich countries would fall furthest, by about 10 per cent. Read More...
Geithner seeks new powers over financial companies - Fed, Treasury chiefs face grilling in Congress
In a rare joint appearance in the United States Congress, the top men at the Federal Reserve and Treasury Department on Tuesday defended Obama administration proposals for new authority to seize failing banks, gobble up bad debts and sell good ones to healthy competitors... Read More...
