Jamaica Money Market Brokers (JMMB) to acquire 80% of BDI America - To merge brokerage with Dominicana office
Jamaica Money Market Brokers, whose footprint has now extended to the Dominican Republic, has invested US$3.5 million ($238 million) in JMMB Dominicana more than a year into its establishment, a portion of which is financing its acquisition of a new brokerage house in Santo Domingo....
US-CARICOM SUMMIT: US to extend Caribbean Basin Initiative - Bush considers expanding the trade pact
Washington, D.C., United States: United States President George W. Bush has agreed to extend the Caribbean Basin Initiative (CBI) which expires in 2008 and will consider expanding it to include additional products for duty-free access, he told Caricom leaders Wednesday.
Paymaster, LOJ partner on premium payments
Paymaster Limited has formally wrapped up a deal with Life of Jamaica (LOJ), which will allow the insurance company's policyholders to pay their premiums using the bill payment agency's islandwide network. It is estimated that about 40 per cent of LOJ's 250,000 customers...
Merger of payroll taxes faces legal hurdles - New gross rate wont exceed 18 per cent
Finance Minister Dr. Omar Davies on Wednesday, assured employers that the flat rate to be applied to payroll taxes would not exceed the current gross rate of 18 per cent shared between employer and employees under the tax consolidation plan, but he admitted that the process...
US-CARICOM SUMMIT: IDB has funds to lend for renewables - Caribbean needs 'bold' energy strategy, says Moreno
WASHINGTON, United States: Caribbean countries, net oil importers with a growing annual bill, need a 'bold energy strategy', an IDB official said here Tuesday, championing investments in renewables. Luis Moreno, president of the Inter-American Development Bank (IDB)...
Zero tolerance on labelling -Bureau of Standards begins countdown, retailers unsure of some requirements
The Bureau of Standards Jamaica will start confiscating goods that do not meet its labeling requirements, having announced that there soon will be 'zero tolerance' for breaches under its compliance programme. The laws also allow criminal prosecution, but the agency has not named...
Carving out an identity for Guardian Asset Management - Lisa Gomes' challenge
Lisa Gomes is the first to admit that Guardian Asset Management (GAM) has largely remained beneath the radar, maintaining a low profile in its five years of operation in Jamaica and existing in the shadow of sister company, Guardian Life Limited....
Digicel, Courts sign exclusive deal
Digicel Jamaica will be installing sales kiosks in three of Courts Jamaica's biggest stores after the two inked a partnership agreement a week ago for the cellphone provider to sell its products inside the furniture retailer's stores islandwide.
Norman Manley Airport to become cargo transport hub - AAJ now seeking private investors
The Airports Authority of Jamaica (AAJ), which is in the final stages of completing phase 1A of a capital expansion programme at the Norman Manley International Airport (NMIA), will be seeking private investors to transform the airport into a major air cargo trans-shipment hub...
Carl Stone's polling magic and the 'art' of sampling
Carl Stone claimed his poll results had an error margin of plus or minus three per cent. He was challenged by statisticians and others knowledgeable in social science enquiry. He would not relent, insisting in continuation of the myth that his poll results embodied this particular...
Wendy's may go on the block
Wendy's International Inc.is exploring a possible sale of the company, the nation's third-largest hamburger chain said Monday. The company also warned that its earnings for the year would miss Wall Street estimates. "While a sale remains only one of the under consideration...
Blackstone IPO a hit among foreign companies - New tax law limits US interest
Equity powerhouse Blackstone Group's initial public offering (IPO) is expected to raise US$3.87 billion (€2.88 billion) to US$4.14 billion (€3.08 billion). The flotation on the New York Stock Exchange is being underwritten by JPMorgan and Citigroup....
Small, Byles selected for Carlton Alexander award
Respected jurist Hugh Small, QC, and insurance executive Richard Byles, two men who have made their mark on Jamaica in their respective fields, are to be recognised with the Carlton Alexander Award for Excellence. Small has served Jamaica in politics,...
UK trade mission to explore joint venture opportunities in Jamaica
A 10-member trade delegation from Britain will visit Jamaica at the end of June to explore possible business partnerships. A 'drop-in' session set for June 27 at the Jamaica Pegasus will explore joint ventures and opportunities for investment, the British High Commission said....
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