Jamaica Gleaner Business
Published: Monday Wednesday | November 4, 2009
BOJ assures market of continuity - Trading stable amid upheavals
The Bank of Jamaica weighed in Tuesday on the change in leadership at the central bank but confined its comments to an assurance to the market that investors could expect continuity in its operations, with no reference to policy prescriptions... Read More...
Telemarketing war erupts - Digicel granted injunction against LIME - Claims rival targeting 53,000 high-user clients
Digicel Jamaica Limited obtained an injunction from the Supreme Court last Friday barring rival Cable and Wireless/LIME Jamaica from using shared industry data to target Digicel's high user clients. The disclosure by Digicel is the latest in a round of legal salvos... Read More...
Lydford mining firm expands amid sector downturn
Despite devastating declines in the mining and quarrying subsector of the national economy, which registered a whopping 62.5 per cent fall-off in the June quarter this year as reported by the Planning Institute of Jamaica (PIOJ), small family-run mining operation... Read More...
Carib Cement books $371-million 3Q loss - Jamaican sales derail as exports bloom
The Jamaican cement market continues to underperform, but Caribbean Cement Company Limited (CCCL) made up for the 62,000-tonne shortfall in domestic sales in the nine-month period ending September 30, 2009 from a 13-fold growth in exports, largely clinker... Read More...
GraceKennedy launches remittance service in UK
GraceKennedy Money Services (GKMS) officially launched operations in the United Kingdom and deepened its relationship with Western Union, becoming one of that organisation's seven master agents in Britain. According to deputy chief executive officer... Read More...
Carib Cement cuts price to ease stockpile - Production halted to clear inventory
With no word yet on whether the cement waiver on imports will stay in place for another year, Caribbean Cement Company Limited (CCCL) is looking to other tactics to take share and offload a stockpile of the commodity it says has built up in inventory... Read More...
US$1.7b petrochemical complex to spawn new industries
A US$1.7 billion ammonia, urea, ammonia nitrate, and melanine - or AUM - complex, due to be completed before the end of the year, is expected to spawn spin-off industries downstream the petrochemical value chain. The ammonia plant, the first phase... Read More...
Receiver sets US$1.5b target for Stanford investors
THE LAWYER tracking down money lost in what authorities say was a massive Ponzi scheme run by R. Allen Stanford, said he hoped to gain control of more than US$1.5 billion that would be then returned to jilted investors... Read More...
Warren Buffett makes $34b bet on US economy
Warren Buffett's Berkshire Hathaway Inc on Tuesday agreed to buy Burlington Northern Santa Fe (BNSF) Corp, making a $34 billion bet on the future of the United States (US) economy. Burlington Northern, the second-largest US railroad, is the biggest hauler... Read More...
Lloyds bank to raise US$34b
Britain pressed ahead on Tuesday with a fresh wave of restructuring in its crisis-ravaged banking system, as Lloyds Banking Group PLC sought at least £21 billion (US$34.2 billion) through a record share issue and debt swap. Read More...
Fiona Hartley enjoys housekeeping
Fiona Hartley, the recipient of the inaugural Tourism Service Excellence Awards 2008-09, says she believes that passion has its own rewards. "When you love what you do with passion - meeting new people and picking up after them, giving everything your... Read More...
