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Business

Published:Friday | January 29, 2010 | 12:00 AM

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...

Published:Friday | January 29, 2010 | 12:00 AM

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...

Published:Friday | January 29, 2010 | 12:00 AM

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...

Published:Thursday | January 28, 2010 | 12:00 AM

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...

Published:Thursday | January 28, 2010 | 12:00 AM

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...

Published:Thursday | January 28, 2010 | 12:00 AM

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...

Published:Wednesday | January 27, 2010 | 12:00 AM

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...

Published:Wednesday | January 27, 2010 | 12:00 AM

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...

Published:Wednesday | January 27, 2010 | 12:00 AM

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...

Published:Wednesday | January 27, 2010 | 12:00 AM

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...

Published:Wednesday | January 27, 2010 | 12:00 AM

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...

Published:Wednesday | January 27, 2010 | 12:00 AM

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...

Published:Wednesday | January 27, 2010 | 12:00 AM

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"...

Published:Wednesday | January 27, 2010 | 12:00 AM

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...

Published:Wednesday | January 27, 2010 | 12:00 AM

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...

Published:Wednesday | January 27, 2010 | 12:00 AM

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...

Published:Tuesday | January 26, 2010 | 12:00 AM

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....

Published:Tuesday | January 26, 2010 | 12:00 AM

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....

Published:Tuesday | January 26, 2010 | 12:00 AM

Kingston Wharves Limited (KWL), one of the Caribbean's leading multipurpose terminals, is upgrading its warehouse services in an effort to improve service to customers.Grantley Stephenson, chairman and chief executive officer of KWL, said that the aim...

Published:Sunday | January 24, 2010 | 12:00 AM

National Commercial Bank Jamaica Limited (NCB) will participate fully in the Government's debt-exchange programme (JDX), the banking group said, but warned it would result in lower income yields.

Published:Sunday | January 24, 2010 | 12:00 AM

While Jamaica has not yet decided to follow The Bahamas and other Caribbean governments in setting aside funds to support persons who have lost their jobs, Labour and Social Security Minister Pearnel Charles has said the matter is set for discussion with trade unions when the matter of redundancy pay for civil servants set to lose their jobs comes up for talks next month.

Published:Sunday | January 24, 2010 | 12:00 AM

Trinidad will say within a week whether it is buying Air Jamaica, and will disclose the terms under which it will takeover the loss-making carrier, Finance Minister Audley Shaw said Wednesday.

Published:Sunday | January 24, 2010 | 12:00 AM

It is hard to comprehend the scale of the suffering that the people of Haiti have had to endure since January 12. Then, the capital and areas close to the epicentre of the earthquake of what was already the most impoverished nation in the Western Hemisphere, were plunged into circumstances from which it will take decades to recover.

Published:Sunday | January 24, 2010 | 12:00 AM

The Caribbean Regional Technical Assistance Centre (CARTAC) has launched a financial literacy website intended to develop a more financially literate populace across the region.

Published:Sunday | January 24, 2010 | 12:00 AM

House hunting is changing. In fact, so too is the search for anything you want to rent. Driven by their own bad house-hunting experiences, a group of university students has teamed up to do brisk business placing rentals online.

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