Airport plan revised - Norman Manley now a $7.4b project
THE AIRPORTS Authority has revised the work programme for the Norman Manley Inter-national Airport terminal upgrade, extending the project completion time by eight months and adding a near half a billion dollars more to the bill. The adjustments have pushed the project cost on phase ...
PCFS pays out $350m dividends
Pan Caribbean Financial Services Limited will be sharing $356 million or more than a quarter of the $1.2 billion profit made last year, with stockholders. The dividends, 65 cents per share, were to be paid Tuesday to stockholders on record at March...
Audi zooms in on premium market - Audi zooms in on premium market
Audi of Latin America, whose operations include Jamaica, contributed €200 million to the €33.6 billion of group sales chalked up by the premium German automobile brand last year.The Audi brand delivered to its customers worldwide a total of 964, 151 vehicles in year 2007...
SVL to wind up three subsidiaries
Supreme Ventures Limited, the gaming company, which says it wants to position as a stock that handsomely rewards shareholders with dividends, has announced plans for a major overhaul that will apparently lead to a flatter organisation and, hopefully,...
'Finsac-ed' entrepreneurs form lobby group
A NEW group calling itself the Association of FINSAC'd Entrepreneurs (AFE), has appeared on the scene, vowing to press for the Commission of Enquiry promised by government into the 1990s financial sector meltdown.Members of the legally formed two-week-old group announced...
Red Stripe wins Best of Chamber
Jamaica's number one beer company, Red Stripe, has again been named the 'best', for the fourth time in three decades.The company was selected as 2007 recipient of the 'Best of Chamber' award from the Jamaica Chamber of Commerce last Thursday in recognition for its contribution...
Anya Schnoor, modern banker with old-fashioned values
You can ask Anya Schnoor, chief executive officer of Dehring Bunting and Golding (DB&G) and a senior vice-president of the Scotiabank Jamaica group, about her climb to the top, but don't expect to hear much about family contacts, or for her to tout school or education....
Jamaica's copyright sector a $29b market - WIPO study places contribution at 4.8% of GDP
Jamaica's copyright earnings have been valued at US$465 million, or $29 billion, under a new WIPO-sponsored study which estimates the sector's contribution to GDP at 4.8 per cent. "The copyright sector contributions to the economy is as much as other sectors such as agriculture...
Bear worries -Investors nervous, but not Wehby
Senator Don Wehby signalled Tuesday that Jamaica was positioned to weather the fallout at Bear Stearns, saying the country's conduct of business in financial markets overseas was sufficiently diffused among the top investment houses....
UNDERSTANDING THE EPA - Trade in goods schedule cumbersome
All free trade agreements are essentially about reducing tariffs on imported goods or lessening restrictions on the supply of services.The theory is that by reducing the cost of goods for consumption or the cost of inputs used by manufacturers or service providers,...
What's up with Companies Act amendment?
February 1, 2008 marked the third anniversary of the coming into force of the Companies Act.Its enactment marked the introduction of a modern company law regime after many years of protracted debates before parliamentary and Senate review committees initiated by recommendations...
Letters - Who killed Cash Plus?
THE EDITOR, Sir: I, like so many other Jamaicans, continue to be concerned that there appears to be no early resolution to the crisis facing investors in Cash Plus.With the Financial Services Commission (FSC) having exercised its...
Hill launches microfinance bank
Aubyn Hill, who formerly headed National Commercial Bank (NCB), yesterday launched a micro-finance outfit, which he has substantially modelled off Asia's Grameen Bank - famed for its success in steering capital to the poor. Hill told a launch function...
|
