Jamaica Gleaner Business
Published: Monday Friday | September 11, 2009
Sagicor projects on hold
Sagicor Life Jamaica has put on hold five projects that would have delivered new homes to the market and offer relief to motorists hungry for parking space in the capital's congested business and financial district... Read More...
Blue Cross assets on the block
Health and life insurance market leader, Sagicor Life Jamaica, is shedding some of the assets it acquired when it bought Blue Cross of Jamaica for $1.7 billion last December, preferring to hold on to cash rather than a bigger property portfolio following a doubling ... Read More...
In Villa Ronai, Pulse sees opportunity for international business - Managers, directors opt for $1 pay
Pulse Investments Limited is about to wrap up the first phase of the Villa Ronai Destination Spa project, and will open it up for business by year end or early 2010, the company disclosed this week. "Ronai would, therefore, be ready to go forward when the recession... Read More...
Unrealistic timetable for House review of new spending plan
Word out of the Office of the Prime Minister is that contrary to the previous announcement that the Supplementary Estimates would be tabled in the House of Representatives next Tuesday, this deadline will not be met.... Read More...
$9b bus deal - Jamaica borrows from Belgians to boost fleet
Jamaica has acquired two loans valued at J$8.7 billion to fund the purchase of 200 new buses that Jonckheere Bus and Coach NV group has been contracted to build. Each bus would cost the equivalent of J$43.5 million... Read More...
Commentary - A disapproving electorate
Apparently people are fed up. A Gleaner editorial advises the People's National Party (PNP) not to get into a "celebratory tizzy" over the recent Bill Johnson poll showing it ahead of the Jamaica Labour Party. With quite a big lead, six points - 37 per cent ... Read More...
Digicel, LIME agree on industry watchdog - Gov't proposes single regulator
Telecoms rivals Digicel and LIME may be poles apart on most issues, but in a rare moment of agreement, the fierce commercial adversaries have both thrown their support behind Government's plan for a single regulator to police the information... Read More...
Jamaica entrenched among worst 10 tax jurisdictions - Companies pay out 51% of profit
Jamaica's standing in the global investment community has taken a nosedive, reflected in its slippage in the Doing Business 2010 survey to No 75 of 183 economies, but stands in 10th place among regional countries. In an area where Jamaica has been traditionally strong... Read More...
Bank of England holds rates steady
The Bank of England held interest rates steady at a record low of 0.5 per cent for the sixth consecutive month on Thursday and pledged to continue its programme to boost the money supply despite gathering signs of an economic recovery. The bank decided... Read More...
