Jamaica Gleaner Business
Published: Monday Friday | August 7, 2009
US$12m rum investment
National Rums of Jamaica Limited (NRJ) is pouring US$12 million (J$1.07 billion) into its distillery in Clarendon to add capacity, but also position the company, if it chooses, said manager Evon Brown, to develop new branded rums... Read More...
S&P downgrade signals 'deficiency' of economic team - Davies
Opposition spokesman on finance Dr Omar Davies said Thursday that the downgrade of Jamaica's credit rating by Standard & Poor's, highlights "clear deficiencies" in the management of the economy. S&P on Wednesday cut the ratings on Jamaica's foreign and domestic... Read More...
VMBS restructures branch network
Victoria Mutual Building Society (VMBS) has revised its operational structure, adding a new regional layer to, the mortgage provider said, drive efficiencies throughout its branch network nationwide. Eventually too, the society plans to go paperless... Read More...
Salaries for finance, operations executives rival CEO pay - Peak for finance $19m, for CEO $32m - PWC survey
Despite a vast disparity in individual pay packets, Jamaica's finance and operations managers are among the best paid company executives, according to the most recent PricewaterhouseCoopers (PWC) salary survey which estimates that compensation among that group... Read More...
Peak Bottling, Kingston Hub end distribution partnership
Peak Bottling Company Limited, bottlers of Catherine's Peak pure spring water, has taken back full control of the distribution of its product, ending the partnership with Kingston Hub Distributors. The new arrangement took effect July 1... Read More...
Jamaica snaps up IDB loan conversion offer
Ministry of Finance and Inter-American Development Bank (IDB) officials have confirmed that the Jamaica is among borrowers which took advantage of the offer to convert the interest rates on some of its existing loans with the multilateral lending institution... Read More...
Commentary - Eternally proud and not for sale
Jamaica, sovereign, eternally proud and not for sale, can legislate for and implement any policy Parliament deems necessary. It can choose a Keynesian stimulus package to deal with fallout from Wall Street's September meltdown and subsequent... Read More...
Welcome back, Don
The following was issued as a statement: The Jamaica Chamber of Commerce wishes to express thanks to Senator Don Wehby for his service in the national interest and welcome him back to the private sector.We hope that his example will be followed by others... Read More...
