Jamaica Gleaner Business
Published: Monday Wednesday | August 19, 2009
No deal - Private-public sector debt partnership shelved
The closed negotiations with Jamaica's top banks and financial houses to restructure Jamaica's domestic debt that made Standard and Poor's so nervous, it cut the country's credit rating, has ended with no deal. And the Government is also bowing, at least in part... Read More...
KES creditors to meet - Real-estate developer said indebted for $1b
Creditors of KES Development Limited are expected at a meeting in New Kingston this morning at what is predicted to be a stormy encounter to be chaired by liquidator Kenneth Tomlinson. Last night, well-placed sources said Tomlinson was feeling pressured by individual... Read More...
Mining contracts 62.5 per cent, recession deepens
The Jamaican economy had a few rays of sunshine in agriculture and the hotel sector in the June quarter, but what stood out in the Planning Institute of Jamaica's latest report on national production was the bad news... Read More...
Technology upgrade at Seprod - No jobs will be lost, company says
Seprod Limited is employing the latest in technology to boost efficiency and reduce costs, investing $10.6 million in a software package being rolled out across its seven subsidiaries to manage its huge inventory of machine spare parts critical... Read More...
The real price of Eridania's sugar
The 79,000 tonnes (174 million pounds) forward-sold to Italian-owned Eridania Suisse SA, could cost the state as much as US$45 million ($4 billion), assuming that the factories perform at 2008 levels when unit costs were 26 US cents per pound... Read More...
BNS bad-debt relief - Bank reports high take-up of offers to restructure
Six months after Bank of Nova Scotia Jamaica (BNSJ) launched a customer-assistance programme designed, it said, to help borrowers weather the recession while arresting growing delinquency, the bank is reporting a high take-up of the offer... Read More...
Economy slowing down but not in recession, says Trinidad
Trinidad and Tobago's economy this year could record its first annual decline in gross domestic product (GDP) in 16 years as the energy-driven system continues to show a marked slowdown in major areas.... Read More...
Foreign investments in US debt - Caribbean No. 5 creditor
Many Americans know that China holds the most United States (US) Treasury debt, followed by Japan. But who would expect a group of Caribbean countries to collectively come in fifth? Or that Luxembourg would come in eighth?... Read More...
Attorney at odds with SEC in Stanford case
The attorney supposed to clean up what the government says was Texas businessman R. Allen Stanford's multibillion-dollar alleged pyramid scheme is managing to anger just about every party involved in the case.... Read More...
Your résumé - Getting the basics right
Writing a successful résumé, with the right pitch, tone and content is a troubling thing for many persons, especially those seeking a job for the first time or those seeking to make a career change. Read More...
