Jamaica Gleaner Business
Published: Monday Wednesday | November 25, 2009
Pan Jam, 3 partners to develop New Kgn property - Consortium to build Marriott-branded hotel, apartments, office space
Pan Jamaican Investment Trust, the Facey family-controlled conglomerate engaged in property development and investment, has secured prime real estate in New Kingston from the Jamaican government on which the listed firm is expected to develop a hotel and other commercial... Read More...
Ashtrom lands $2b NHT contract
Ashtrom Building Systems Limited, the Israeli construction company in which Jamaica has a minority stake, has landed a $2.1-billion contract from National Housing Trust for a residential real estate project in St Catherine.The contract appears to have... Read More...
Jamaica hires offshore centre consultant
Jamaica is set to recruit English firm Baker and McKenzie for US$250,000 (J$22.25 million) as advisors on how to implement the planned Jamaican International Financial Services Centre (JIFSC) to be located downtown Kingston. The firm will answer ... Read More...
PSOJ backs monetary committee proposal - Recommends 7-member body, no Finance representation
The Private Sector Organisation of Jamaica (PSOJ) is backing former Senator Don Wehby's proposal for the Ministry of Finance to create a monetary policy committee (MPC) to set interest rate policy, a function that is currently the purview ... Read More...
'Throw Vantis out!' - Investors want liquidator fired
A group of investors is urging an Antiguan court to remove a British accounting firm appointed to collect assets of a Caribbean offshore bank at the centre of an alleged Ponzi scheme by Texas financier R. Allen Stanford... Read More...
Shell subsidiary sells 137 gas stations
A Dominican Republic subsidiary of Royal Dutch Shell PLC has sold its 137 gas stations across the Caribbean country to a Barbados-based fuel supplier. Friday's statement from Shell does not reveal the cost of its deal with the Sol Group.... Read More...
New Cayman governor
The Cayman Islands says that outgoing Governor Stuart Jack will leave his post in the three-island Caribbean grouping on December 2. The British territory announced Friday that Deputy Governor Donovan Ebanks will act as governor until career diplomat... Read More...
Rum tax incentive for Diageo sparks Caribbean feud
Puerto Rico is feuding with the United States (US) Virgin Islands over its neighbour's luring away business by using revenue from a tax paid by US consumers on every bottle of rum produced in the two Caribbean territories... Read More...
Canada's CGX to drill for oil, gas in Guyana
Canadian petroleum company, CGX Energy Inc, will drill for oil and natural gas deposits along Guyana's eastern coast next year after a nearly decade-long sea-border dispute disrupted operations, officials said Monday... Read More...
Citigroup sells Diners Club franchise
Citigroup Inc said Tuesday it is selling its Diners Club North American franchise to BMO Financial Group as it continues to shed non-core assets and streamline operations. Financial terms of the deal were not disclosed... Read More...
A year later, scale of UK bank bailout revealed
The Bank of England revealed on Tuesday that it lent two British banks €61.6 billion (US$101.8 billion) in emergency funding to save them from collapse at the height of the financial crisis a year ago. It was the first time the bank has detailed the level of support... Read More...
Lloyds record rights issue offers big discount
Lloyds Banking Group PLC said on Tuesday its shareholders will get a huge discount for subscribing to its £13.5 billion (US$22.3-billion) rights issue - the country's largest cash call ever - designed to limit British government control.... Read More...
