Jamaica National (JN) bidding for Blue Cross
The Jamaica National group, the large mortgage lender that has been aggressively diversifying into other financial services, is in advanced talks for the acquisition of the health insurance company, Blue Cross of Jamaica, authoritative financial sector sources...
Inland Revenue shuffle
Finance Minister Audley Shaw has assigned a 28-year-veteran of the tax administration system, Viralee Latibeaudiere, to head the Inland Revenue Department, as part of his campaign to rout corruption, encourage greater tax compliance and stem the leakage of billions...
JP bites back - Joins GK Foods in snack export market
Mindful that it has a new and aggressive competitor in the local snack food market, JP Tropical Foods, a division of the Jamaica Producers Group said Thursday it has revived overseas sales of its 'St Mary's' line of tropical snacks...
JNN targeting 5% of cable market
Eighteen months after acquiring Jamaica News Network (JNN), the RJR communications group says that it wants to position its new entity to capture three to five per cent of the cable viewership. On Tuesday, Lester Spaulding, chairman and managing director of RJR Communications...
Jockey to pull from Jamaica by December - 575 jobs to go at Lucea factory
Jockey International, the American underclothing manufacturer, will close its last Jamaican plant by year end, slashing 575 jobs and ending a 24-year presence in the island.However, Dalton Taylor, the manager of the facility in Lucea, Hanover, which employs mainly women...
British trade mission stops in Jamaica on tour of Caribbean
Glen Small and his wife Juliet sell hair. The Jamaican couple who are resident in the United Kingdom are back home as part of a British trade mission which comes annually to promote products, and hunt business partners and markets...
Air Jamaica bankrupt
Air Jamaica, the state-owned carrier which the Golding administration says it wants to divest, is essentially bankrupt, carrying, by the end of 2006, over J$36 billion - US$503 million - more in liabilities than its assets were worth, the airline's...
Jamaica Urban Transport Company Limited (JUTC) - JUTC loses $905m in two years
The Jamaica Urban Transport Company Limited (JUTC) was incorporated in 1998 as a wholly-owned company of the Government of Jamaica and granted exclusive licence to operate the public transport service within the Kingston Metropolitan Transport Region for an initial period...
NCB Capital Markets in search of big risk takers - Creates high return PPN, boosts team
NCB Capital Markets Limited feels it has done a poor job of convincing enough investors that it can make them wealthy. So now the brokerage, Jamaica's largest, is pumping about $15 million into a marketing campaign to develop a better message and to connect ...
Is Scotiabank still No 1?
The latest numbers are out, but with a difference. This time, central bank industry data on the commercial banking sector has given National Commercial Bank a new edge - a weightier capital base than chief rival Bank of Nova Scotia Jamaica (Scotiabank) at the end of March 2008...
Shaw lobbies for cooperation among IFCs in the Caribbean
Jamaica's Finance Minister Audley Shaw sug-gested greater co-operation and integration among Caribbean countries pursuing International Financial Centres (IFCs), with each country specialising in products it offers, based on its comparative advantage....
Oil's instability a threat to economic security - Barbados PM calls for common energy policy
Current trends in the global economy including the increase in the price of oil and imported food are threatening the economic survival of the Caribbean, according to Barbadian Prime Minister David Thompson. He also said that if oil prices were to cross the US$200...
Commentary: Pump shock! The stress of oil demand, scarcity and speculation
Pump shock! The stress of oil demand, scarcity and speculationThis week oil hit US$140 per barrel, regular gas clipped US$4 average across the United States of America, both records. In Asia, Europe and the Middle East, unrest accompanied high fuel prices.
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