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Jamaica Gleaner Business
published: Friday | March 28, 2008

Robust growth antidote to debt - CaPRI - In per capita terms, each Jamaican owes US$7,920. - GDP expansion above 4% will do the trick - Tax reform recommended
Sustained economic growth, of between three and seven per cent a year, as well as tax reforms along the lines of the Matalon recommendations, offer the Golding administration its best chance of meeting the target of a balanced budget in three years, according to a study by the Caribbean...

98% say yes to RBTT, RBC deal

Exceeding expectations, shareholders of Trinidad-based RBTT Financial Holdings Limited on Wednesday gave a 98 per cent endorsement to the US$2.2 billion offer from Royal Bank of Canada that will merge the regional banking operations of the two companies....

Guardian recovers with TT$130m profit - Doubles dividends to shareholders

Fortune smiled on Guardian Holdings Limited in its final December quarter, delivering to the regional insurance company net profits of TT$200 million on the back of strong growth in fee and commission income as well as premium revenues within the three-month period...

To cut molasses bill, Lascelles hunting cane lands

Lascelles deMercado is pushing ahead with plans to lease 700 hectares of government-owned land in Clarendon - a move that will allow it to increase the throughput of cane for its sugar factory in St Elizabeth and, importantly, produce more molasses for the manufacture of rum.

Business as usual, says Land Rover, Jaguar dealer

Kingston Industrial Garage (KIG), The Jamaican dealer for premium brands Land Rover and Jaguar vehicles, said Wednesday that Ford Motor Company's sale of the brands to Tata Motors would not affect the local distributorship. KIG, a Lascelles deMercado subsidiary...

After 25 years at Honey Crust, Lorna Golding takes on new role - 'It was Bruce who suggested that I go into the baking business.'

For 25 years, at 6:15 a.m. at the Golding's upper St Andrew home, while husband Bruce made last minute preparation for meetings at Belmont Road, Lorna was already out of the house and on her way to Old Harbour, St Catherine where the family-owned Honey Crust bakery is located.

Grenada gov't selling 20% of C&W to public

Grenadians on Tuesday converged on a local bank seeking to snap up shares of Cable and Wireless Grenada Limited that the island's government had placed on sale at 37 per cent discount. Communications Minister Gregory Bowen announced the offer during a radio broadcast...

Tony Hylton sets up consulting firm

Anthony Hylton, who at different times, held the foreign affairs and energy portfolios in the former People's National Party (PNP) government, is hoping to parlay his legal and policymaking experience into a consulting firm he is establishing with Jamaican attorney, Michelle Brown....

COMMENTARY: What a week for commentary - Bear, Barack and a US$800b war bill

Three huge stories: 4,000 troops have died, 80,000 civilian lives lost, US$800 billion bill at fifth anniversary of Iraq war; race in the United States as Barack Obama speaks candidly hoping 'adult America' will listen; and the United States Federal Reserve intervenes to save Bear Stearns...

LEGAL COMMENTARY - The equal share rule and other property rights

One of the main objectives of The Property (Rights of Spouses) Act, 2004 which came into effect on April 1, 2006, is to make provision for the division of property belonging to spouses. Ordinarily, when the word spouse is used no one needs to have it defined...





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