Last week one morning, I woke up to find in my inbox a copy of an open letter from the staff of Air Jamaica Holdings Limited to Prime Minister Bruce Golding, indicating "full support of the initiative presently under way by the Jamaica Air Line Pilots...
Who pays to promote the Caribbean as a destination that tourists should visit? Is it governments through general taxation, or is it the hoteliers and those in the private sector who benefit from the industry's success.
The Bank of Jamaica (BOJ) had to pick up $13 billion worth of bonds to bail out the Government earlier this month. Deputy Financial Secretary Darlene Morrison confirmed the transaction Thursday night but denied suggestions that it represented an advance to the Government.
Five business operators have been arrested for stealing electricity, as the Jamaica Public Service Company (JPS) intensifies its efforts to crack down on power theft.They were among 10 persons detained in the first two weeks of this year.
THE DEBT exchange and new taxation charges will result in a compression of the economy and an effective reduction of revenues from taxation, according to tax expert Brian Denning, who says the fiscal initiatives announced in the past nine months would effectively squeeze $82 billion from the system.
INDUSTRY PLAYERS in real estate are still upbeat that 2010 will see an improvement in the market on expectations that the cost of borrowing will become cheaper as interest rates trend downwards. This, despite reports that consumer confidence...
JAMAICA'S INVESTMENT houses have stepped up their push of unit trust products as a fairly safe alternative to stocks and fixed-income securities whose yields are constrained by economic uncertainty and a push to lower interest rates...
THE URBAN Development Corporation (UDC) has bought the old Machado complex in Kingston for $80 million, which it will convert into its new headquarters. UDC General Manager Joy Douglas, who confirmed the purchase, said the agency acquired the property,...
THE DEBT exchange and new taxation charges will result in a compression of the economy and an effective reduction of revenues from taxation, according to tax expert Brian Denning, who says the fiscal initiatives announced in the past nine months would...
THE BRUCE Golding administration has suggested that all is well with the Jamaica Debt Exchange (JDX) and, further, that all the major institutional players are on-board with the initiative, but there are serious concerns being raised privately in the community...
French President Nicolas Sarkozy, in a broad riposte to excess, told a room full of international bankers and CEOs just what they did not want to hear: Brace for bonus curbs, tighter banking regulations and new bookkeeping rules.It was a brazen posture...
THE WORLD Bank has agreed to back a feasibility study on a crop insurance scheme for Jamaican coffee farmers, whose fields have been without coverage for more than five years after sole insurer Dyoll collapsed under storm damage claims it could not...
JUST READ your article online. It is amazing that the size of the Financial Sector Support Fund (FSSF) comes as a surprise for players in the finan-cial system in Jamaica...
I HAVE known eminent retired Jamaican jurist Boyd Carey for many years. We met through a mutual friend, the late H.I. McKenzie - a Mwalimu, or teacher, a sociologist who deeply understood, among other things, Caribbean social structure, family norms and links among lifestyles...
IAN KELLY, the former head of RBTT Securities, has joined First Global's management team as senior vice-president, asset management and advisory services, at First Global Financial Services Limited (FGFS), one of five new appointments...
BANKING ON his international star power to sell hotel rooms and attractions, Jamaica has invested US$420,000 to develop and produce the 'Usain Bolt Jamaica Advertising Campaign' to market its tourism product overseas. It would have cost more, but Bolt...
IN A deal worth $1.875 billion, conglomerate GraceKennedy Limited has secured financing to replace short-term bridge capital that was poured into its new warehousing and distribution hub under development on lands at Bernard Lodge, on the outskirts of Spanish Town...
Mexican buildings supplies giant Cemex SAB said on Tuesday that it turned a US$265 million profit in the fourth quarter, rebounding from a US$743 million loss in the same period of 2008. Cemex said the profit came on gains from foreign-exchange positions...
Dennis Lalor, former chairman of Life of Jamaica (LOJ), one of the companies that was intervened during the financial meltdown in the 1990s, believes, in retrospect, that the approach taken by the Government during the financial meltdown in the 1990s...
ONE month ago when it was announced that he would succeed Canon Weeville Gordon as custos of Kingston, Steadman Fuller said he immediately began researching the functions of his new job. In an interview with The Gleaner, Fuller said he was determined...
The world economy is recovering at a healthy pace but still needs government stimulus efforts to keep it going, the International Monetary Fund said Tuesday. The IMF raised its forecast for world economic growth in 2010 to nearly four per cent...
Supreme Ventures Limited (SVL) is outfitting leased premises in Portmore for expansion of its gaming lounge business, Acropolis, that will also double as the operational base for its first sports betting centre. Acropolis Portmore will open for business...
Britain's worst recession since World War II is officially over - but a less than convincing return to growth leaves British Prime Minister Gordon Brown's Labour Party on shaky ground ahead of a general election...
The Swedish developers involved in an EC$300 million (US$111 million) tourism project, say they will accept the parameters laid down by the Grenada government were they to be granted the sought-after casino gambling licence required to make the venture a worthwhile...
