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...
Even as the Government unveils tough new financial regulations mandated by the International Monetary Fund (IMF), Rohan Barnett, executive director of the head of Jamaica's financial services watchdog, the Financial...
Prime Minister of St Vincent and The Grenadines Dr Ralph Gonsalves, has presented an EC$913.5 million (US$338.3 million) tax-free budget to Parliament that also proposes removing the value-added tax on wheat and raw chicken imports, as well as packaging...
The Bermuda Government has announced it is to spend US$800,000 on a review of the island's two corporations, Hamilton and St George's, which it said it wants to close down because they are "outdated"...
There was a damper on spending via debit cards during the high shopping season in December, although total spend for the year came out almost spot on projections, data from the multilink banking system is showing...
Kenny Benjamin, chief executive officer of the Guardsman Group, a security services firm and technology provider, has secured the pest control franchise for Orkin products under an exclusive distribution deal with the American company...
The Bruce Golding administration has called for a US$1-billion (J$90 billion) rescue fund for the financial sector, the size of which has sparked concerns about the health of Jamaica's investment houses, including its smaller players...
Jamaica's largest insurance company and two biggest banking groups have confirmed their full participation in the $700- billion Jamaica Debt Exchange programme (JDX), despite the expected decline in interest income on investment portfolios....
Support for US Federal Reserve Chairman Ben Bernanke's confirmation for a second four-year term as head of the central bank mounted Monday as the White House appeared to staunch opposition that had roiled the financial markets....
