GraceKennedy locks Western Union deal - Orane denies loss of franchise
GraceKennedy boss Douglas Orane Friday dismissed rumours that the conglomerate was set to lose its lucrative deal to represent the United States money transfer company, Western Union, in Jamaica and several other Caribbean countries. "This rumour that...
A new partnership for the low-income majority
Is it ethical to profit by providing essential services to the poor?Few people object when a private company makes money by selling food to low-income consumers, even though food is arguably the most basic human need.
Scotiabank public sector mortgage a one-time offer
Scotiabank will not extend its low- interest mortgage offer after the $500 million pool of funds is exhausted,the company has indicated."It was a one-off offer," said Gladstone Whitelocke, general manager for Scotia Jamaica...
Trustees: their roles and responsibilities for approved pension plans
Trustees are ultimately responsible for protecting the interests of the members of approved superannuation funds and retirement schemes.They are accountable to the members and to the Financial Services Commission (FSC) which, among...
Scotia launches creditcards for small businesses
The Bank of Nova Scotia Jamaica has created two credit cards for small businesses as it continues its aggressive hunt for a bigger slice of the small- and medium-enterprises (SME) market. The bank, Jamaica's largest, launched...
... The fiscal deficit puzzle
Even investment bank Bear Stearns appears confused about the 4.5 per cent deficit projected for 2007-2008.Describing it as high, they state in their last Central American and Caribbean Monthly Report of May 3 that "it is either an election year budget...
What to expect from the stock market
My current view is the market will probably drift sideways for the next few months, or even fall a bit further, as it awaits the catalyst of either significantly lower interest rates or the end of uncertainty as to who will be in charge of the country...
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