Poor planning of a major tourism project involving upgrading of facilities at the Boscobel Aerodrome in St Mary has resulted in the Government forking out more than $282 million due to cost overruns.
On Wednesday, new Bank of Jamaica (BOJ) Governor Brian Wynter conducted his first quarterly press briefing, which was well attended. Overall, Wynter was very bullish on the way forward for the Jamaican economy.
The Ministry of Agriculture and Fisheries is placing focus on the Clarendon plains as it seeks to develop a policy to identify and put the country's most arable lands into production.
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, but is following the case to have Carey removed as chairman of the FINSAC commission of enquiry.
EVEN AFTER major re-structuring of the country's domestic debt, the Jamaican Government is projecting a debt-servicing bill of $306.5 billion in 2010/11, suggesting a $27.4 billion or nominal 10 per cent hike on the cost of servicing its debt for the fiscal year ...
On Wednesday, new Bank of Jamaica (BOJ) Governor Brian Wynter conducted his first quarterly press briefing, which was well attended. Overall, Wynter was very bullish on the way forward for the Jamaican economy...
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...
