Jamaica Gleaner Business
Published: Monday Friday | March 27, 2009
Supreme Ventures bets on US$ 'super lotto' - To launch game in Jamaica, Caribbean Starting jackpot US$2m
In a bid to bolster flat revenues and sagging profits, listed gaming company Supreme Ventures Limited (SVL) has unveiled plans to launch in four months a US dollar lottery game across six Caribbean countries. If the Jamaican gaming watchdog, the Betting Gaming... Read More...
Sagicor Jamaica to cuts 75 jobs
Some 75 positions at Sagicor Life Jamaica are to be made redundant effective March 31, the company said Thursday. The cuts come with the restructuring of the company, which is trying not to lose ground ... Read More...
McConnell makes another try at acquiring Innswood
The McConnell-owned Worthy Park Estate Limited, anxious to grow production volumes, is taking another stab at expanding its sugar holdings by going after the Innswood Estate in St Catherine, one of five factories that Jamaica has put up for sale... Read More...
CLICO collapse threatens to bring down Trinidad finance minister - Corruption probe sought against minister, central banker - Nunez-Tesheira to explain interest in Duprey companies in Parliament today
Corruption probe sought against minister, central banker Nunez-Tesheira to explain interest in Duprey companies in Parliament todayLinda Hutchinson-Jafar, Business WriterTrinidad and Tobago's Finance Minister Karen Nunez-Tesheira, under pressure from... Read More...
House approves $85b interim budget
Lawmakers on Tuesday gave the go-ahead to the Ministry of Finance to draw down $85.1 billion from the Consolidated Fund as 'carry on' expenses until the 2009/10 budget is debated and approved.The budget or Estimates of Expenditure is to be tabled... Read More...
Banks grow super-rich as company earnings falter - $20b net profit dwarfs stock market firms
Jamaica's commercial banking groups earned an estimated $20.5 billion last year, an amount equivalent to around 47 per cent of the after-tax profit of all domestic companies whose ordinary shares trade on the Jamaica Stock Exchange (JSE)... Read More...
Despite big profit, Pan Caribbean sides with low interest-rate lobby
Donovan Perkins is, at it turns out, a nationalist and a pragmatist.He runs a highly profitable company that has experienced eight straight years of growth, but says he is willing to sacrifice Pan Caribbean Financial Services' consistent... Read More...
Geithner proposes sweeping overhaul of financial system
The United States on Thursday unveiled a sweeping overhaul of the financial system in an effort to prevent a repeat of the banking crisis that has toppled once-mighty institutions and wiped out trillions of dollars in investor wealth. Treasury Secretary... Read More...
COMMENTARY - Will Obama-Geithner plan save capitalism or hasten demise?
Karl Marx was convinced of capitalism's demise once it exhausted its internal possibilities for generating wealth through processes of technological and societal change - spearheaded by the capitalists... Read More...
Tax phobic fashion firms on wrong side of commerce
A sizeable chunk of tax phobic fashionistas and apparel firms, are operating underground, according to Donovan Summers, chairman of the Jamaica Fashion and Apparel Cluster (JFAC), denying themselves access to credit and technical assistance... Read More...
MOVEMENTS - JJ Foote heads up new AAAJ exec
Arnold 'JJ' Foote, who was elected president of the Advertising Agencies Association of Jamaica (AAAJ) on March 5, has signalled that the association will focus efforts on the creation of a watchdog body for the industry... Read More...
