Jamaica Gleaner Business
Published: Monday Wednesday | September 9, 2009
Grace has money to back First Global - Industry sources say $1-billion capital injection needed
The GraceKennedy group continues to declare its intention to stand firmly behind its First Global Bank (FGB), but chairman Douglas Orane has stopped short of any comment on the level of cash injection, which financial sources say is likely to be required in the face... Read More...
Companies vie for LNG contracts - What is being pursued are arrangements and understandings - source
With Prime Minister Bruce Golding having confirmed the government's intention to seek new supplies of Liquefied Natural Gas (LNG) for the diversification of the island's energy needs, international companies have been making expressions of interest in the transport... Read More...
CREIT looking forward to income from T&T hotel - Carlton Savannah now in operation
Carlton Savannah REIT (CREIT), the property investment company whose portfolio, so far, is a small stake in a Trinidadian hotel complex, is yet to report revenue from its core operation, two months after the soft launch of the Carlton Savannah Hotel... Read More...
New launch date for Scotia DBG's bond fund
Investment house Scotia DBG Investments has had a setback in the launch of its regional bond fund, which was originally slated to hit the market two months ago, but it should now come on-stream next month, the firm says... Read More...
Big budget cut for gov't youth-job programme
The youth entrepreneurship programme (YEP), announced by Prime Minister Bruce Golding in May as a $250-million loan facility for out-of-school youths, and part of a $2.25-billion stimulus package to the small-business sector, has practically been yanked... Read More...
Gov't technocrats flay JPS over energy price - State advisers urge quick replacement of old generators
Government's energy technocrats are calling for the acceleration of the schedule for retiring Jamaica Public Service Company's (JPS) existing power-generating plants, which they contend are outdated and are contributing to the high cost of energy, one of the factors... Read More...
I am not bitter, says axed JTI head
Robert Gregory, the most recent casualty as the Government continues to weed out state-owned company executives in an extensive personnel shake-up since assuming office, says he is not angry following his recent dismissal from the trade and investment... Read More...
Stephenson leaving FCJ
Stewart Stephenson, the Factories Corporation of Jamaica (FCJ) managing director, is leaving after three years at the helm of the government company that builds factories for sale and rent to firms. Stephenson, an attorney who has also served in diplomatic posts... Read More...
Trinidad boosts drilling as gas reserves drop
Trinidad and Tobago will need as many as nine exploration wells to be drilled annually to maintain the country's gas reserve base, which according to an independent audit, dropped to 15.4 trillion cubic feet (tcf) in 2008 from 17 tcf in 2007.... Read More...
Opposition knocks TT$44-billion budget
PORT OF SPAIN, Trinidad (CMC): The Trinidad and Tobago government on Monday presented a TT$44.3 billion (US$7.38 billion) budget to parliament, outlining a host of taxes, as well as listing its achievements over the last 12 months... Read More...
Global crisis hits Trinidad economy - First quarter GDP declines 3%
PORT OF SPAIN, Trinidad (CMC): Trinidad and Tobago is expected to record negative growth for the last financial year as the oil-rich twin-island republic seeks to deal with the slowdown occasioned by the global economic and financial crisis... Read More...
Eyeing jobs overseas? - Hopes up for 2010
Thinking of working abroad? While earnings from this remittance source may have dipped in 2009, projections are that the end of the recession will see a rise in demand for workers in the next year.Doreen Moodie, who will retire from her... Read More...
