Jamaica Gleaner Business
Published: Monday Wednesday | February 11, 2009
Big banks hike rates - Loans, mortgages affected
Jamaica's leading banks have increased lending rates, adding two to 2.5 percentage points. This, businesses say, compounds a difficult operating environment in which credit is not only scarce, but those who manage to qualify for loans do so on much harsher terms... Read More...
Big bauxite confab
Starting today, Jamaica will play host to big mining giants worldwide at the Fifteenth International Bauxite and Alumina Seminar, sche-duled for the Ritz-Carlton Hotel in Montego Bay. Some 300 top executives from bauxite and mining operations worldwide... Read More...
Lee Chin's NCB holdings fall to 68%
Michael Lee Chin and his companies have given up more than 64.6 million of his holdings in National Commercial Bank (NCB) in the past year, while a new investor associated with a rival bank has claimed the eighth spot among the top 10 shareholders ... Read More...
Housing Agency seeks $3b from China - Funds said available at 2-3 per cent
Operation PRIDE, the government's low- to middle-income housing programme, is to be thrown a J$3 billion lifeline if an application for a US$35 million loan, now before the Chinese Government, is given the green light. The recently rebranded Housing Agency ... Read More...
Overseas employment demand grows in Canada, declines in US
Demand by foreign employers for Jamaican workers has began to slow, including in the leisure market, where American-based hotels are seeing a decline in bookings linked to the economic downturn. Last year, 12,060 persons were allotted jobs, 2,000 fewer... Read More...
CLICO downgraded, put on negative watch - Barbados, Bahamas subsidiaries also weak
Colonial Life Insurance Company Trinidad Limited (CLICO) has been placed on review, with the possibility of further downgrade as Trinidadian authorities assess just how bad a financial position the insurance company is in. Insurance ratings agency, AM Best, said the financial strength... Read More...
No visa required
Trinidad and Tobago nationals travelling to the United Kingdom for a period of up to six months will need no entry visa, Foreign Affairs Minister Paula Gopee-Scoon said Monday.
At the same time, Jamaicans now have to obtain transit visas when passing through the UK for less... Read More...
