Jamaica Gleaner Business
Published: Monday Wednesday | November 11, 2009
Denied - Cement waiver killed, but Samuda still suiting up for battle
CARICOM has denied Jamaica an extension of the cement duty waiver, scoring a victory for Caribbean Cement Company and its Trinidad parent, TCL Group, but last night Industry and Commerce Minister Karl Samuda vowed to fight the decision on several fronts... Read More...
No assurances of an IMF deal in November - Golding deadline appears endangered
The International Monetary Fund (IMF), though it declared progress last week, is refusing to commit to November as the date to finalise and approve an arrangement for Jamaica, leaving open the possibility that the negotiations could drag on... Read More...
CL Financial, bondholders negotiate compromise
CL Financial (CLF) has struck a new deal with its bondholders, allowing the troubled company another two months breathing room to restructure the terms of a margin account on which it has defaulted, according to newly appointed chief executive officer... Read More...
Shaw raises prospect of AAJ-Port Authority merger - Shippers on board with the idea
The Government has raised the possibility of the merger of Airport Authority of Jamaica (AAJ) and Port Authority of Jamaica (PAJ), catching off guard at least one of the agency heads, who said the idea has never come up before in any internal policy discussions.... Read More...
No viable bids for small gov't assets
The Development Bank of Jamaica (DBJ) is having a hard time offloading assets placed on the market on behalf of the Government, and the state agency says even where there is interest the offers are not worth considering... Read More...
NHT places commercial lots on the market
The National Housing Trust (NHT) has extended to the end of November bids for two commercial properties on the market in Twickenham Park, part of its development project known as Union Square. The lots each some 4,000 square metres (43,055 square feet;... Read More...
Trinidad, Colombian cement companies to battle for market share
ANTIGUA AND Barbuda officials are anticipating lower prices for cement after the Colombian cement giant, Cementos Argos, said it was prepared to battle the regional cement manufacturer, Trinidad Cement Limited (TCL), for control of the market here... Read More...
Agency warns of 'dangerous drop' in energy investment
The global financial crisis has led to a dangerous drop in energy investment around the world, which could choke off the nascent economic recovery, the International Energy Agency (IFA) said, on Tuesday. The warning from the Paris-based agency comes just... Read More...
