Jamaica Gleaner Business
Published: Monday Friday | July 31, 2009
BOJ cuts rates again - As Gov't renegotiates domestic debt repayment
The Bank of Jamaica cut rates again Thursday, a week behind its last adjustment, in a move designed to bring down the cost of funds for the Government, analysts said, but they also took it as further evidence of a new agreement on interest rate policy... Read More...
JMMB bars press from AGM - Says shareholders want Keith, executives to themselves
Jamaica Money Market Brokers Limited (JMMB), in a first time move for the money market pioneer, barred the press from its annual general meeting Wednesday, saying share-holders were complaining that they had to be competing with the media for CEO Keith... Read More...
Fraud hits historic high at $3b
Corporate earnings lost to fraud hit $665 million for the first half of this year, prompting the police fraud squad to warn company managers and individuals to be more vigilant in the supervision of employees and pre-paying for goods ... Read More...
Chris Williams sees dead-end for small wealth managers - Big banking groups rule capital markets
The sun has set on independent wealth managers, the small nimble outfits of brash money and stock market investment advisors who held significant sway during the high interest rate heydays of the 1990s and even until recently, according to Chris Williams... Read More...
New LIME brand fails to recognise Jamaica's uniqueness - shareholders
LIME on Wednesday reported progress on its three-year transformation plan to reframe its regional corporate model, but Jamaican shareholders were not entirely confident that the rebranding component or image remake had taken the right track."... Read More...
Digicel cuts fuel theft
Digicel's perennial problem of stolen fuel from its cell tower sites has abated 66 per cent, the company said, months after it chose to go green - using a colour-coded dye as a unique identifying marker. Ten persons have been arrested and charged.... Read More...
Barbados enters recession
The governor of the Barbados Central Bank says the Caribbean island's economy is in recession. But Prime Minister David Thompson said his country would not follow Jamaica's lead and seek help from the International Monetary Fund. Read More...
Refocusing the IMF debate
Much of the current discussions regarding Jamaica's re-engagement with the International Monetary Fund (IMF) have focused on the possible terms and conditions that the Fund will attach to the loan it will be making to the Government of Jamaica... Read More...
Calibrating the right dose of 'new IMF' to Jamaica's pre-existing condition
Recent columns and letters to the editor on Jamaica's likely IMF recourse provide more questions than answers as they grapple with core issues governing international finance: who provides funding, sets and enforces rules? To grasp this problem though... Read More...
MOVEMENTS - Third term for Anya
Anya Schnoor, Scotia Group Jamaica's senior vice-president for wealth manage-ment and chief executive officer of Scotia DBG Investment, was re-elected this week to serve a third term as president of the Jamaica Securities Dealers... Read More...
IMF to boost funds for poor countries
The International Monetary Fund said Wednesday it will sharply increase funds it lends to low income countries to help them deal with the global financial crisis.The IMF said it expected to provide up to US$17 billion to these countries through 2014,... Read More...
Madoff's wife sued for US$45m - The lawsuit is particularly perplexing and totally unjustified - lawyer
The trustee overseeing the liquidation of Bernard Madoff's assets sued the disgraced money manager's wife on Wednesday, asking for nearly US$45 million that he says was spent on a "life of splendour."Trustee Irving H. Read More...
