Venezuelan bank seeks Jamaican home - 'No problem', says Foreign Ministry
Jamaica and the Banco de Desarrollo Economico y Social (Bandes) are exploring the possibility of a local operating base for the Venezuelan development bank, but the Foreign Ministry is disclaiming reports out of Caracas that the invitation came from Kingston.
US joins banana war
The United States will ask for a legal review of the European Union's import rules for bananas at a meeting of the World Trade Organisation's dispute body next week.The request scheduled for July 12 signals the widening of one of the WTO's longest-running disputes...
BoJ's rebalancing act - Central bank issues another special instrument to soak up cash
The Bank of Jamaica (BoJ) has made an open-ended offer of another special instrument, a two-year variable rate Certificate of Deposit, Series D, which went on sale Wednesday. The placement remains open "until further advised", the central bank said, adding that the offer...
Coimex, Petrojam expand partnership - Brazilian company to exercise five-year option on ethanol project
Brazil's Coimex Group plans to extend its partnership in Petrojam Ethanol Limited (PEL), according to president Bernadette Coser de Orem, and is also looking to participate in the new 60 million gallon ethanol plant to be built by the state operated energy company....
Slippery tyre market for Goodyear - To rebuild business via investments in distribution, marketing
Coming from a dismal financial year in 2006 when profits nosed dived more than 65 per cent and a fire in January that shuttered its tyre distribution business temporarily, Goodyear Jamaica Limited said Wednesday it had lost business but would be hitting the market...
Jamaica Broilers to start ethanol production weekend - First shipment due end of July
Jamaica Broilers Group (JBG), a poultry producer with a minority interest in energy, is to ramp up its new ethanol plant this weekend, says President and Chief Executive Officer, Robert Levy. Levy also told the Financial Gleaner on Wednesday that he was in talks with big Brazilian...
New electronic card for Caribbean travel
CARICOM will introduce a new high-tech travel card and an automatic six-month stay for all community nationals travelling within the bloc, government officials disclosed Wednesday at a summit of country leaders in Barbados. Barbados Deputy Prime Minister Mia Mottley told journalists...
Liat to be recapitalised
The government shareholders in Liat will approach Barbados-based Caribbean Development Bank for a loan to recapitalise the flagging regional airline Liat, Dominica Prime Minister Roosevelt Skerrit said Wednesday. Skerrit, speaking on the state-owned radio service...
Carib monetary cooperation and the boundaries of domestic policy
Ever since Jamaica opted to leave the West Indies Federation and Eric Williams issued his famous "One from 10 leaves zero" statement, efforts at any type of Caribbean integration have reflected a kind of love-hate relationship....
Senior promotions at Digicel
Digicel Group on Thursday announced three senior appointments, saying the promotions were designed to position the company for its next round of development.Kevin White assumes the position of chief operations officer-Caribbean and Donal O'Shaughnessy, who has been with Digicel...
New JIOB head
Pamela Smith, general manager of MF&G Trust and Finance Limited has been elected chair of the Jamaica Institute of Bankers, replacing Wayne Wray of First Global Bank. Smith was formerly vice-chair of the banker's group, a position she has held since 2003....
LETTERS - Payroll tax confusion
The editor, Sir:A Financial Gleaner article dated June 22, 2007 headed "Merger of Payroll taxes faces legal hurdles" reported on the JEF's monthly CEO breakfast held on June 20, 2007, where Dr. Omar Davies spoke on 'The Proposed Consolidation of Statutory deductions'.
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