Jamaica Gleaner Business
Published: Monday Friday | October 2, 2009
CL Financial faces US$188m margin call - Trustee demands action on depleting US$240m bond account
Troubled CL Financial Limited has been given two weeks by Port of Spain-based RBTT Trust Limited to replenish an account which has fallen short of a 150 per cent margin that the conglomerate is required to maintain as backing for bonds floated last year... Read More...
Red Stripe banking on overseas drinkers for sales growth - Light beer to be launched in US
The economy remains depressed, but not enough, it appears, to drive Jamaicans to drink beer - or no more than usual.So beer maker Red Stripe, which still struggles with sluggish performance of domestic sales, reiterated Wednesday that it would seek solace overseas ... Read More...
TransJamaican lands US$70m IDB loan - To extend toll road, pay down debt
TransJamaican Highway Limited has landed a US$70-million loan from the Inter-American Development Bank (IDB) as carry-on financing on the toll road network in Jamaica that the French company will own under concession for a generation... Read More...
Digicel hits 10-million mark
Digicel Group said Tuesday that its subscriber base has hit 10 million customers in the 32 markets in which it does business globally.The Caribbean, where Digicel launched off in 2001, remains its largest operating base, accounting for 72 per cent... Read More...
Compensate your customers, Broadcasting Commission tells cable companies
The Broadcasting Commission has ordered cable operators to compensate subscribers who have paid for HBO and Cinemax channels that were taken off the air at the start of September.The channels were cut after the Broadcasting Commission issued a directive... Read More...
Deficit target revised to 8.7% - Jamaica facing bloated debt, wage bill and falling tax revenue
Hit by low revenues which have fallen below seemingly too-ambitious targets, and a spending bill that has resisted all efforts to be tamed, finance minister Audley Shaw has amended the fiscal deficit target, adding more than three points... Read More...
COMMENTARY - Transplanting technology for Caribbean development
Almost 30 years ago I suggested in an academic paper that to accelerate development in our region, instead of thinking 'technology transfer', the then commonly used concept, we should think 'technology. There were rather compelling reasons for the idea at the time... Read More...
LatAm, Caribbean post-crisis, a chance not to be wasted
For the first time in six years Latin America and the Caribbean will see its economy shrink this year. That is also why 2009 could still be best remembered as the year when regional leaders decided they could not afford to let a crisis... Read More...
Movements
Wehby returns - Don Wehby rejoins Grace-Kennedy Limited on Monday in the newly created post of group chief operating officer (COO), reporting to Chairman and Chief Executive officer Douglas Orane.Wehby has just completed a two-year tour as minister... Read More...
