Three days into the offer for the Jamaica Debt Exchange (JDX), Finance Minister Audley Shaw was ebul-lient about the response from bondholders."The response has been remark-able," he said Wednesday night while addressing the monthly Mayberry Investor ...
Cristopher Williams, who is currently transitioning from NCB Capital Markets Limited to Proven Investments Limited, a new investment firm, is suggesting that Government use the opportunity presented by its liability management plan..
Government needs to do more than a debt exchange to right its fiscal accounts, said Bruce Bowen, president and chief executive officer of Scotia Group Jamaica, whose formula for growth includes revisions to the tax system, smaller government and bigger...
Jamaica's fiscal deficit is now estimated at 10 per cent of gross domestic product (GDP), and the overall public-sector deficit will likely round out the year at 12.75 per cent of GDP, according to information presented to Parliament by Finance Minister Audley Shaw Tuesday...
Jamaica Money Market Brokers (JMMB) is losing two of its senior strategists to Victoria Mutual Building Society (VMBS), who will join the mortgage group's wealth-management team, according to well-placed sources. Jason Morris, portfolio manager ...
Jamaicans heading into retirement this year are likely to see a reduction of up to 40 per cent on private pension income after the Government's debt-swap transaction closes, according to the estimates of local actuaries...
A temporary freeze on the licensing of securities dealers whose business models are skewed towards trading in repurchase agreement and other short-term liabilities will take effect next Tuesday as part of the financial-sector reform in adherence...
Because last week's column was penned before the finance ministry's debt restructuring was made public, I attempted, too late for the paper, to add this postscript:"Heartening indeed it is to note Jamaica Money Market Brokers' Keith Duncan and other...
Prime Minister Bruce Golding has appointed a new board of directors to oversee the National Housing Trust (NHT), an agency now facing tough scrutiny after allegations by the contractor general of fraudulent contract awards....
Vistaprint Jamaica Limited, six years into its operation in Montego Bay, has acquired approximately 4.4 hectares (11 acres) of land at Fairfield on the north-western tip of the city to establish a new base, but is yet to determine when the facility will be built...
The head of the IMF said China and other developing Asian economies are leading a global recovery that is faster and stronger than expected, but warned that money rushing into emerging markets could lead to asset bubbles. Dominique Strauss-Kahn...
China will slow its massive lending spree and step up monitoring of banks as it tries to prevent speculative bubbles in real estate and other assets while keeping the country's economic recovery on track, a top regulator said Wednesday....
A number of initiatives, including an early-retirement incentive package, are to be implemented to assist persons who transition out of the public sector, a government spokesperson has said.Chief executive officer of the Public Sector Transformation...
Home Box Office Latin America Group (HBO LAG) and Flow Jamaica declared their dispute over content settled, amid raised wine glasses on Monday to toast the new business partnerships cobbled after years of acrimony. Columbus Communication...
Singapore's first casino-resort is set to partially open Wednesday, a key part of a government plan to reduce reliance on manufacturing and brand the tightly controlled city-state as a cosmopolitan Asian capital. Resorts World Sentosa...
The structural reforms coming for the financial system, including new controls on fiscal policy, will create a better balance for the execution of monetary policy that allows price targets to be set and maintained, Bank of Jamaica Governor...
Jamaica's participation in Expo Shanghai 2010, a six-month long trade show in China, is being coordinated by four Government ministries, using Jamaica Trade and Invest (JTI) as a rallying point for business interest.The expo is expected to bring some 70...
Finance Minister Audley Shaw, hours before he would table new legislation in Parliament Tuesday, announced new powers for the central bank over Jamaican firms in a round of sweeping policy changes for the financial system that would also force Shaw into stronger ...
The space in the Liguanea Plaza, which up to recently was occupied by the Hi-Lo Food Store, has been taken over by Tony and June Wong, who are expanding their north-coast grocery operation, General Foods Supermarket, into Kingston....
Citigroup Inc became the latest bank to take a cautious view of consumers' credit problems, reporting a US$7.77 billion fourth-quarter loss due to failed loans and the costs of repaying government bail-out money.The bank said Tuesday it did see some...
Due to the financial crisis, which prompted countries to seek external help from big lenders, the Inter-American Development Bank (IDB) is reporting that it issued loans in 2009 at nearly twice the pace of the previous year to set a new record....
Economic activity in the third quarter of 2009 was marginally better, by 0.7 per cent, than the June period, but output fell 2.3 per cent in a year-on-year comparison. In the September 2009 quarter, Statin registered $123.25 billion of real gross...
In 2009, Latin America and the Caribbean dodged a bullet.Their efforts over the previous decade at better economic management and smarter social policy paid off, and the worst global recession in a generation caused only minor damage...
In mid-January, 227 farmers received certificates of participation for their involvement in the Banana Sector Rehabilitation Project (BSRP) which ended in December 2009. The HEART Trust/NTA BSRP was aimed at retraining ...
Britain's Tullow Oil PLC said Monday it will exercise its pre-emptive right to buy 50 per cent of two Ugandan oil fields from Heritage Oil PLC for US$1.5 billion, potentially blocking a bid by Italy's Eni SpA.Tullow and Heritage each own a half share in...
