Jamaica Gleaner Business
Published: Monday Wednesday | February 25, 2009
Lee Chin in buyout talks for CL assets - CLICO's 40% of JMMB in billionaire's line of sight
Michael Lee Chin's AIC is leveraging about US$150 million of unused cash it says it has in its Caribbean private-equity fund in a bid to acquire portions of troubled financial group CL Financial's prime assets. Lee Chin says the Trinidad deal, if clinched, could land him one... Read More...
JSE adopts new formula for pricing stocks - Seeks end to manipulation -Waste of time, says Jackson
In a matter of days, the Jamaica Stock Exchange (JSE) will launch a new pricing structure for stocks traded on the market, immediately changing the way equities are valued on the exchange. Analysts say investors' stock portfolio will not necessarily be affected... Read More...
Bowen tightens Scotia loan policy
Scotiabank Jamaica's new boss, Bruce Bowen, has put in place a new credit policy that sets new limits on how much the bank lends to individuals as well as the number of clients deemed risky but qualify as exemptions. And, he has added new agents to track down borrowers... Read More...
A tale of two islands: Jamaica vs Barbados
One of the aspects of the current macroeconomic environment that had led to heated public debate on the way forward for the Jamaican economy is the high interest-rate policy and its impact on the 'managed-float' exchange-rate policy... Read More...
State workers come late, leave early - Cuban government service marred by low productivity
A government study of about 2,000 Cuban state businesses found that 60 per cent of employees came late, left early or otherwise shirked their duties, official media reported. The labour ministry analysed 2,042 state-run companies in May and June... Read More...
US tries to quell bank nationalisation fears
The United States government, seeking to quell concerns about the nationalisation of America's ailing financial system, on Tuesday said it would provide increased support to banks that do not have an adequate buffer to survive in an even worse... Read More...
It's more than the money, working is good for you
"As a teacher I used to tell my students 'take what you get until you get what you want'," recalls FaithSt Catherine, who now works as a counselling psychologist at the Women's Resource and Outreach Centre in Kingston. Read More...
Bernanke says US recession might end in '09
Federal Reserve Chairman Ben Bernanke has steadied Wall Street by telling Congress the recession would end this year. Bernanke, making his semi-annual report to the Senate Banking Committee, said the economy is likely to keep contracting in the first six months of 2009... Read More...
