Jamaica Gleaner Business
Published: Monday Wednesday | September 23, 2009
NHT has cash to back new benefits - Cap on subsidies will ensure solvency, says CEO
After two years of running operating deficits, the National Housing Trust (NHT) reported a $1.8 billion profit for its financial year to March 31 and, according to the agency's chief executive officer, Earl Samuels, it is highly unlikely that a raft of new initiatives... Read More...
Small developer defies recession - Rolls out new St Catherine houses with bank loans
A small housing development company which concentrates on St Catherine-based projects is defying the recession and placing on the market, a multimillion-dollar development on one acre of land at St Jago Heights, just outside Spanish Town in the parish... Read More...
JSE improves oversight with automated surveillance system
Having spent $6.6 million on an automated market surveillance system, the Jamaica Stock Exchange (JSE) has now strengthened its Regulatory and Market Oversight Division (RMOD). Launched last week, the system will facilitate regulatory oversight... Read More...
Government sides with Opposition over bank rates
Finance Minister Audley Shaw and Opposition Leader Portia Simpson Miller are certainly at odds over the state of Jamaica's negotiations with the International Monetary Fund (IMF) but, in a rare moment of convergence of views, they have found common ground on the need... Read More...
Manufacturing productivity on the rise - Output per worker goes south in other sectors
If data from the Jamaica Productivity Centre (JPC) are to be believed, output per worker - the popular measure of productivity - in Jamaica's much talked down manufacturing sector, outstripped average productivity in other areas of the economy ... Read More...
Recession tops CARICOM's UN agenda
UNITED NATIONS (CMC): The global economic crisis, climate change and transnational crime are expected to be the dominant themes this week when Caribbean Community (CARICOM) leaders address the 64th Session of the United Nations General Assembly (UNGA) beginning... Read More...
Guyana gets US$15m from Trinidad to pay Clico debts
GEORGETOWN, Guyana (AP): Guyana has received US$15 million from a regional emergency fund to help prop up a failed insurance company. President Bharrat Jagdeo said Monday that the money from the emergency fund managed by energy-rich Trinidad and Tobago... Read More...
St Lucia firm gets casino licence
CASTRIES, St Lucia (CMC):The St Lucia government has given the go-ahead to a local business to establish the island's first casino, 10 years after Parliament approved legislation to introduce casino gambling here. The Stephenson King administration ... Read More...
Bahamas signs tax agreement
NASSAU, Bahamas (CMC): The Bahamas government says it has concluded negotiations with Monaco for a tax information exchange agreement (TIEA). Junior Finance Minister Zhivargo Laing and Ambassador of the Principality of Monaco, Gilles Noghès, signed the... Read More...
Antigua delays extradition in Stanford fraud case
ST JOHN'S, Antigua (AP):A hearing on a United States extradition request for Antigua's former financial regulator has been postponed until December.The public prosecutor's office says the hearing for Leroy King is delayed after defense lawyers requested... Read More...
American Airlines plans to sell shares, issues US$250m in debt
DALLAS (AP): The parent of American Airlines plans to issue new stock and debt in a move to raise more than US$500 million as it heads into the slower fall and winter travel season. AMR Corp said this week it would issue ... Read More...
Recession has sweeping impact on US life, census reveals
WASHINGTON, DC (AP): The recession is pro-foundly disrupting American life: More people are delaying marriage and home-buying, turning to carpools yet stuck in ever-worse traffic, staying put rather than moving to a new city... Read More...
