TransJamaican to issue new highway 2000 bond - US$330 placement to part finance Willaimsfield leg
TransJamaican Highway, the vehicle used by the French construction company, Bouygues Travaux, to develop Highway 2000, is planning a US$330- million bond to help finance the proposed 33-kilometre section of the toll road between Sandy Bay, Clarendon, where it now ends...
Nigerian oil on hold
Jamaica has lifted no oil from Nigeria since the contract was awarded to Glencore Energy Limited, and Jamaica's petroleum agency which oversees such arrangements says it is yet to be advised by Lagos when supplies would be available. "We have not got anything to lift as yet," ...
Mainland puts flagship store on the market
Jeffrey Myrie, one of the owners of Mainland Inter-national Limited, is looking for buyers for hardware company's 'Super Home Centre' store which sits on the periphery of Spanish Town in St Catherine.Mainland wants at least US$6 million for the property that it spent more ...
Transport biggest contributor to June inflation - Prices climb 11.5 per cent in six months
The cost of living has risen substantially in the first half of the year with new data from the Statistical Institute showing inflation at 11.5 per cent, with prices rising faster in the capital than other towns towns and in the countryside...
RBC/RBTT aims for top bank in Caribbean
Royal Bank of Canada, enlarged by its acquisition of Port-of-Spain-based RBTT, is gunning to become the biggest bank in the English-speaking Caribbean, well ahead of the full merger of their operations over the next two to three years, RBC's regional bosses say...
Few dangers seen from Olint's slide
With no precise figure available for the funds Olint and its various subsidiaries have under management, analyst says it is hard to predict the full impact of the corralling of the foreign exchange trader's assets on the local economy...
Capital & Credit again denies it's up for sale
Capital and Credit Financial Group Limited is not only denying what it says are 'persistent rumours' that the company is being offered up for sale, but says it is not even in talks with any suitor.The denial, filed via a stock market notice Thursday...
Regulators raid Wachovia Securities
Securities regulators from several states in America on Thursday raided the St Louis headquarters of Wachovia Securities, seeking documents and records on the company's sales practices. The move is part of a broad investigation into questionable...
Commentary: Air Jamaica sale a prescription for more misery
I read with utter dismay The Gleaner's editorial of July 4, 'Air Jamaica moves do not go far enough'.The editorial asserts that the best thing for Air Jamaica would have been to take it "out of its misery by shutting it down, thus saving taxpayers a big...
American Airlines parent reports US$1.4b loss - Fitch frowns on US carriers
AMR Corp, the parent of American Airlines, swung to a big loss in the second quarter as high fuel prices swamped an increase in revenue. Still, the results are not as bad as Wall Street had feared. The airline company also reported a write down of assets...
Caribbean Airlines on course to financial targets - Fuel hedge gives airline competitive edge
Caribbean Airlines (CAL) is expected to break even this year, having successfully dodged higher jet fuel prices, in a period when other international carriers have either gone out of business or have been cutting back on routes....
Forester counters ProConcept claim on Cave Village lands - But still willing to sell to Americans
Westmoreland landowner Norman Forester said Tuesday that while he remains willing to sell his property, he is yet to finalise a deal, countering claims by an American company that it had acquired more than 500 acres of Cave Village for a mixed use development...
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