Jamaica Gleaner Business
Published: Monday Friday | June 19, 2009
IMF decision Monday - The IMF has grown up and matured - Shaw
Minister of Finance and the Public Sector, Audley Shaw, will on Monday ask his Cabinet colleagues to sign off on a submission that will, if approved, lay the groundwork for Jamaica to revise its borrowing relationship with the International Monetary Fund... Read More...
JMB to issue new $1b bond
The Jamaica Mortgage Bank (JMB) will, in a matter of months place a $1 billion housing bond, perhaps in two tranches, but will contain the offer to a select group of investors. The state-owned bank, which is a financier of both private and public projects... Read More...
Belize to liberate Jamaican beer
Belize has promised to unveil by next month's summit of CARICOM leaders a programme for dismantling its special tariff on imports, which Jamaica complains keeps its beer out of the Central American country. Senior Jamaican trade officials were... Read More...
Sterling Asset expanding to Montego Bay - Hunts forex trading licence
Sterling Asset Management will, within the next six months to a year, expand the company outside of Kingston to Montego Bay. "That is going to be a fairly significant investment," managing director Charles Ross told the Financial Gleaner... Read More...
Concrete expert raises quality test alarm
Jamaica is without a proper testing facility to ensure that the highest quality standards of concrete and other building inputs are maintained in construction projects, and one local expert is sounding a warning about the dire consequences... Read More...
Cruise ship turned away
A Spanish cruise ship was turned away from two Caribbean ports Wednesday because of fears of swine flu among crew members, the vessel's owner said.Tour operator Pullmantur said its ship Ocean Dream with 759 passengers and 400 crew members was denied... Read More...
MOVEMENTS
Kerr-Jarrett, McFayden join LIME - Mark Kerr-Jarrett and Ken McFayden have joined the board of Cable and Wireless Jamaica Limited/LIME Jamaica, effective May 20.... Read More...
Guardian subsidiaries knocked by performance of parent
AM Best has clipped Guardian Life of the Caribbean's financial strength rating from A to A-, a grade that still ranks the Trinidad-based company among the 'excellent' in insurance. But AM Best, which also assigned a new issuer credit rating of A-, down... Read More...
Judge bars US$786m aluminium smelter
A judge has suspended the Trinidad government's construction of an aluminium smelter, a potential victory for environmentalists and residents who feared for their health.Justice Mira Dean-Armorer's ruling late Tuesday is in response to a complaint that... Read More...
Commentary - Admit it! There's no alternative to the IMF
The sooner that the Government levels bluntly with the nation that there is no credible alternative available at this time to Jamaica's returning to a borrowing arrangement with the International Monetary Fund (IMF), the sooner we will be able to put this arrangement... Read More...
To Jamaican sabre-rattlers: Caricom will outlive you
With mere weeks to go before the 30th meeting of CARICOM's heads of government in Guyana, I would also like to add my two cents to the discussion. As is customary, the media will be filled with all sorts of negative and sarcastic articles about CARICOM... Read More...
Commentary - Self-fulfilling exchange rate
John Maynard Keynes in his book 'Economic Conse-quences of the Peace' discussed the virtual impossibility of Germany to meet reparations payments the victors imposed after the 1914-1918 war.Their concerns didn't really... Read More...
Tough times for hotel shops - Businesses report 15-30% fall in sales - Some banking on Jamaican clientele
Located in premium shopping space in local hotels, gift shops, gaming lounges, boutiques and other retail outlets are finding that they are no less affected by the consumer retreat to frugality.And where hotel stores are dependent on visiting foreign guests... Read More...
S&P maintains US debt rating at highest level
Credit ratings agency Standard and Poor's said Thursday it is unlikely to lower its rating on the United States government in the near-term despite noting a "significant" weakening in public finances.S&P said in a report it will retain its top... Read More...
