Jamaica Gleaner Business
Published: Monday Wednesday | June 17, 2009
Lascelles untouched - Duprey remains chairman
There is no danger of Lascelles deMercado being sold off to pay the debts of CL Financial group, the Trinidad parent who is also holding that the government, which has taken command of Lawrence Duprey's outfit, has not by virtue of that takeover ... Read More...
McKenzie replaced at Red Stripe
Having decided on a successor, Red Stripe on Tuesday announced that Mark McKenzie would in a matter of weeks give up his job as head of the beermaker, and that board changes were in the works in what chairman Richard Byles is describing as a move to... Read More...
Port Authority pulls back from marina deal - Potential lessee angered by action
The Port Authority of Jamaica (PAJ) has shut down negotiations with a United States-based outfit, Maritime Development Group (MDG), for the lease of the government's Errol Flynn Marina in Portland, without giving reasons for pulling back from a deal that the potential... Read More...
Lascelles ends dividend drought on common stock - 87% of distribution to go to CL Financial
Lascelles de Mercado said Monday it would pay dividend amounting to $14 per share, ending a drought for ordinary shareholders who have received no returns for at least two years. Dividends have, however, been paid on the preference shares... Read More...
CCRIF policyholders say no to premium reduction, opt for higher coverage
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has dropped premium rates by 10 per cent, but none of its 16 policyholders have taken up that offer.Instead, governments of the region have opted for higher insurance coverage... Read More...
Michael Jones - Balancing business strategy with human resource needs
Jones, senior vice-president, human resources, at the Bank of Nova Scotia (BNS), describes his role as that of the management of people-related issues and delivering people-related strategies to support the bank's business objectives... Read More...
Cement firm fears trade war backlash
Less than three months before the current waiver of the 15 per cent duty on imported cement expires, monopoly producer, Caribbean Cement Company Limited (CCCL), says it is unsure whether it can emerge unscathed from the tussle between governments... Read More...
Chávez promises to strengthen Petro
CaribeVenezuelan president Hugo Chávez called for increased cooperation among Cuba and other Caribbean nations buying his country's oil under highly preferential terms as he met with neighbours looking for more cheap fuel... Read More...
Dominica, Venezuela unveil US$35m oil complex
Venezuelan President Hugo Chávez unveiled a US$35 million oil-storage facility Saturday in the Caribbean island of Dominica, a day after he met with regional leaders about his PetroCaribe programme. Read More...
Boeing shut out of airplane orders race
Airbus edged into the lead Tuesday in a muted race with Boeing for plane orders at the Paris Air Show, which has been hobbled this year by recession, tight credit markets and plane crash concerns. Planemakers at the world's biggest air show ... Read More...
Former AIG chief executive on trial
Former American International Group Inc CEO Maurice 'Hank' Greenberg says a retirement bonus fund that AIG is trying to reclaim in federal court was not intended solely for AIG employees.The insurance giant has accused Greenberg of plundering an AIG... Read More...
