Jamaica Gleaner Business
Published: Monday Wednesday | December 2, 2009
Bunting, Williams to team up again - New investment firm in the offing - NCB on the hunt for wealth manager
Chris Williams, after 16 years on other people's payroll, is going into partnership with former employer Peter Bunting, one of Jamaica's pioneering investment bankers, impeccable sources say, with the two just about set to launch a new investment outfit... Read More...
Pension switch costs Lascelles - Profit dips on writedown, higher operating costs
Lascelles deMercado and Company Limited has taken a $1.38 billion hit from the reconfiguration of its pension fund to a defined contribution scheme, the con-glomerate has reported. The writedown, which Lascelles describes as a 'derecognition of pension assets'... Read More...
Job agencies facing 'drastic' income drop from fee ban
The directive from the Ministry of Labour and Social Security (MLSS) that job agencies discontinue the practice of charging recruits for overseas placements will deny them hundreds of thousands of dollars in revenue, and appears to have caught the sector off guard... Read More...
BNS ousts NCB Keycard in co-branding coup
PriceSmart, the food and home ware wholesaling club, has advised National Commercial Bank Jamaica Limited (NCB) that use of its Keycard, the only local credit card, will be discontinued as of January 2, 2010.... Read More...
Emergency cell calls ring on wrong island
Puerto Rico and the United States Virgin Islands (USVI) are so close to each other that emergency calls from cell phones on one island are going to operators on another, slowing responses, officials said Monday. "There may be a delay. Read More...
Clico to close Cayman branch
A troubled insurance company is about to stop providing coverage to hundreds of clients in the Cayman Islands. The British territory's Health Insurance Commission said Sunday that the local branch of Colonial Life Insurance Company (Trinidad) Limited... Read More...
Bauxite company reports significant losses from strike
The Russian-owned Bauxite Company of Guyana Inc (BCGI) said Monday it has already lost an estimated US$350 million because of a worker strike. Work at the company's Berbice River operations, 60 miles from the capital of Georgetowna... Read More...
Venezuela shuts 4 banks after takeover
Venezuela's government closed four banks on Monday, saying authorities detected major financial problems after taking over management due to irregularities.Two of the banks, Canarias and ProVivienda (BanPro), will be permanently closed and their assets... Read More...
Diageo extends Africa beer push
Diageo PLC, the world's largest alcoholic beverage company, said Monday it is launching Guinness stout in Angola, continuing a push to develop its lucrative beer business in Africa and southeast Asia.Diageo also said it saw opportunities to grow its... Read More...
