Forex traders hire consultant - Gavin Chen charting route to self-regulation
Gavin Chen, a development finance specialist, is charting a plan for Jamaica's nascent foreign exchange traders that is meant to legitimise them as a formal sector and position their operations as suitable candidates for licensing or registration...
CCMB drops low-yield securities,goes after loans market - Poor profit performance prompts realignment of assets
Capital and Credit Merchant Bank (CCMB) is restructuring its portfolio of investments to strip away its low-yielding securities and replenish it with instruments of higher yields, under a programme scheduled to be wrapped up by the end of March 2008. ...
S&P creating rating scheme for regional micro financiers
Standard and Poor's, with backing from the Inter-American Development Bank's Multilateral Investment Fund (MIF), is creating a credit rating scheme for microfinance institutions. The MIF has provided a US$405,000 grant for the pilot project, which the agency says...
Banks too bureaucratic, Samuda charges - But Hylton says the laws require it
Karl Samuda, minister of industry, investment and commerce, has slammed local banks for their high level of bureaucracy, saying the procedures for opening accounts were unduly cumbersome. He also criticised bankers for not giving manufacturers more favourable terms...
Embrace casinos,investment schemes as legitimate business - Then tax them to fund education, says Marks
Casino gambling in Jamaica is an 'inevitable development', and could be a source of growth for the country, once those who cower from it as a moral hazard get over their fear, a top Kingston businesswoman has suggested. Audrey Marks, chief executive officer of bill payment ...
Growth for Guardian - Earnings climb as company adds clients
Guardian Life Limited made $6.3 billion of sales last year, a 14 per cent increase in business for the Jamaican insurance company. The company's net premium income, after expenses to sell policies, was $3.7 billion, up 19 per cent over the 2006 results....
Cayman remittance market doubles - Represents nine per cent of flows to Jamaica
Remittances from the Cayman Islands to Jamaica have been growing exponentially, and money transfer agents here are predicting that the commercial linkages between the two markets will keep the flows robust. According to Bank of Jamaica data...
Implications of the EPA: Supra-nat'l - Cariforum-EC Joint Council consensus decisions supreme
The Economic Partnership Agreement (EPA) sets up an elaborate institutional structure of governance. At the apex will be a Joint Cariforum-EC Council, a ministerial body with the power to "take decisions on all matters related to the agreement." Its decisions are "binding...
Understanding the EPA: Banana trade protected, but not totally - Cariforum producers fear tariff reduction to competitors
The language that the Economic Partnership Agreement (EPA) with Europe contains on bananas is straightforward and clear. ACP Caribbean bananas will gain full duty-free and quota-free access to the EU market from the inception of the EPA. However, as with almost everything connected...
Caricom policy, trade and development for the 21st century
Sugar might still be accurately described as the most politicised commodity ever to be traded in history. And it still is for us, both an economic and social problem and partial solution. But it depends almost entirely on negotiated political arrangements for economic livelihood.
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