One reader, whose bona fides I trust, commends me for the column in the Financial Gleaner, 'A bit of advice for Justice Carey'.He was not aware of Carey's performance during tenure on the bench and his judgement in the plagiarism-cum-libel case I mentioned...
CENTRAL BANK Governor Brian Wynter, seeking to strike a tone of confidence after reports that some securities dealers could collapse under the debt exchange, said Wednesday at his maiden briefing on the economy that Jamaica may not need all of the US$950 million...
Wehby back in charge of H&LGrace - Kennedy Limited's Group Chief Operating Officer Don Wehby has joined the board of directors of retail subsidiary Hardware and Lumber (H&L) Limited, over which he now has oversight....
DESPITE ADVANCING more than $36 billion to the Government since November, and its continued gobbling up of GOJ securities shunned by private investors, the Bank of Jamaica (BOJ) was this week contending that it would soon be reining in such support...
A LAW firm that took on business without a 'written' agreement is now $246 million out of pocket, on a ruling of the Court of Appeal that Margie Geddes, the widow of beer icon Paul Geddes, was not liable for contingency fees claimed by former attorneys...
HOT ON the heels of Toyota's recall woes comes news that another Japanese automaker has fallen asleep at the wheel. Honda Motor Company issued an airbag recall yesterday that may affect as many as 440,000 Japanese domestic-market vehicles and 380,000...
Still embarrassed by a major security blunder that resulted in millions of taxpayers' dollars being paid over to an illegal arms dealer in March 2008, the Government has quietly collected less than a third of the money it pumped into the purchase...
Published:Wednesday | February 10, 2010 | 12:00 AM
Trinidad and Tobago's state-owned integrated energy company Petrotrin has been given a mandate by the government to boost oil production volumes, marking a renewed bid to reverse at least some of the decline that has set in over the last three decades....
Published:Wednesday | February 10, 2010 | 12:00 AM
With its profit spurt threatened by expected losses from the government-imposed debt swap, rising operational costs and income challenges in some segments of its operations, National Commercial Bank (NCB) has moved to trim its senior ranks, and has...
Published:Wednesday | February 10, 2010 | 12:00 AM
Trinidad and Tobago's Finance Minister Karen Nunez-Tesheira said persons responsible for the disappearance of billions of dollars from Colonial Life Insurance Company (Trinidad) Limited (CLICO) and CL Financial could face charges...
Published:Wednesday | February 10, 2010 | 12:00 AM
A judge of the court set up by CARICOM to be its ultimate arbiter in trade disputes among them and the final appellate body for member states which so choose, is supporting the need for a financial services agreement to realise...
Published:Wednesday | February 10, 2010 | 12:00 AM
After three decades of ownership, the Urban Development Corporation (UDC) will be selling its Office Centre Building, a move the agency says is part of redevelopment initiative for the city.The building, which overlooks the Kingston Harbour, has some 27...
Published:Wednesday | February 10, 2010 | 12:00 AM
Scotia DBG Investments Limited has announced a contraction of its branches in a move to trim operational costs.On February 26, Scotia DBG will lock down its offices in May Pen, Clarendon and Ocho Rios, St Ann, and merge...
Published:Wednesday | February 10, 2010 | 12:00 AM
The Ministry of Finance has floated two new short term bonds on the market - with tenors of one and six months - which brokers say are comparable to the expected yields under the Jamaica Debt Exchange (JDX).The 30-day treasury...
Published:Wednesday | February 10, 2010 | 12:00 AM
Commissioner of Customs czar Danville Walker is pressing for changes to the law governing the US$500 duty free allowance for Jamaicans, saying it is being abused.He prefers that the concession be a one-off benefit applicable...
Published:Wednesday | February 10, 2010 | 12:00 AM
The establishment of the US$950 million (J$85 billion) Financial Sector Support Fund (FSSF) created under the stand-by agreement between Jamaica and the International Monetary Fund is considered 'crucial' to stability, according to documents obtained ...
Published:Wednesday | February 10, 2010 | 12:00 AM
Standard & Poor's (S&P) Ratings Services on Tuesday cut its outlook on Citigroup Inc to "negative" from "stable", saying the United States (US) government appears increasingly likely to leave bondholders...
Published:Wednesday | February 10, 2010 | 12:00 AM
Toyota is recalling 437,000 Prius and other hybrid vehicles worldwide to fix brake problems - the latest embarrassing safety lapse at the world's largest automaker."I don't see Toyota as an infallible company that never makes...
Published:Wednesday | February 10, 2010 | 12:00 AM
Germany's multi-year reign as the world's number-one exporter is officially over, with the crown formally passing to rising Asian power China after new figures showed that German exports slid by nearly a fifth in 2009, the biggest decline...
Published:Wednesday | February 10, 2010 | 12:00 AM
SECURING SCHOLARSHIPS for further study is one way of advancing to the next level in your career, especially when funds are short. With scholarships, you can complete your master's degree or other advanced training at highly recognised universities here and abroad...
A court has ordered a former subsidiary of Liechtenstein's LGT bank to pay over €7.3 million (US$10 million) to a client for failing to inform him that his confidential details had been stolen and handed to authorities, thereby harming his chances...
Toyota Motor Corp plans to recall about 270,000 Prius hybrids worldwide over a brake problem and is likely to notify both the United States (US) and Japanese governments today, news reports said. A top executive will testify before US lawmakers about...
Kraft Foods Inc announced Friday that it will delist shares of Cadbury PLC on the London Stock Exchange, now that it has clinched a takeover of the British chocolate and gum company. Kraft gave 20 business days' notice of its intention to delist...
Q.What are the immigration requirements for someone taking up an employment offer in Jamaica?Each year, Jamaica receives scores of foreign nationals who come to the island to take up employment opportunities in various areas of work.
THE FAILURE of successive governments to pass legislation to introduce a national building code could put the lives of many Jamaicans at risk if the country gets hit by a major earthquake. The concern was raised last week by experts at a Gleaner Editors' Forum as they discussed...
