Digicel's $7 billion defence
David Hunter has been a month in the job, not enough time, on the face of it, to fully absorb the Jamaican mobile market. But even before he landed in Kingston to take over as chief executive officer of Digicel Jamaica, his most immediate task was clear - positioning the company...
LOJ is no more - To be rebranded Sagicor Life Jamaica
The brand Life of Jamaica (LOJ), the most visible name in the life and health insurance industry, will be no more after 38 years in the operation with the passage of a resolution at the company's annual general meeting to give it a new identity...
BOJ predicts marginal impact from United States recession - But wary of prices
Central bank Governor Derick Latibeaudiere has projected headline inflation for the June quarter of five to six per cent, and has signalled that prices are set to climb even higher as the year progresses. First quarter inflation was 5.2 per cent...
Government amending withholding tax policy for pension funds
Starting next month, the Government is to cease upfront collection of withholding taxes on pension funds.Errol Hudson, acting director general of tax administration, advised a meeting of the plan this week, sources said, which was later confirmed by tax...
Leo Williams forms own company - Developing REIT in partnership with Gary Sinclair
Leo Williams has resigned as managing director of JMMB Securities Limited after seven years with the family- controlled JMMB brokerage, to focus on building his own investment firm, Williams and Associates Investments Limited, he told the Financial Gleaner...
John Orr to replace Pink at FirstCaribbean
Charles Pink, chief executive officer of FirstCaribbean International Bank (FCIB), is departing the company mid-summer after six years at the helm to take on 'new challenges'.John Orr, a current board member of the Barbados based banking group...
Duprey joins Lascelles board - Conglomerate's profits eroded in March quarter
Lawrence Duprey has taken a seat on the board of Lascelles deMercado, a Jamaican company soon to be absorbed into his CL Financial Group as a subsidiary.The announcement made via a stock market filing, came at the same time that Lascelles released...
Jamaica Stock Exchange (JSE) preference offer to open May 16
The Jamaica Stock Exchange (JSE) in one week will offer preference shares to the market, with the dual intent of raising capital while presenting investors with a clear sign that the organisation was now demutua-lised and serious about going public....
Jamaica Pre-Mix in $1.6b deal with Lafarge
Jamaica Pre-mix Limited has struck a $1.63 billion deal with a French-owned multi-national to set up four aggregate plants in the island under a new company called Jamaica Aggregates Limited (JAL). Ken Barrow, managing director of Jamaica Pre-Mix told the Financial Gleaner...
Finsac enquiry, sideshow or important requirement?
Two previous columns considered strategic orientation on policy.The next was meant to be a look at the financial services sector: what changes might preclude another Cash Plus, improve equity, security, efficiency, transparency and growth...
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