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Business
Broad powers for FSC
FINANCE and Planning Minister Dr. Omar Davies tabled a Bill in Parliament this week to establish the Financial Services Commission (FSC), giving wide powers to the new non-bank supervisory body, including the authority to remove any director or manager..
Rights issue for LoJ as deal struck
THE Financial Sector Adjustment Company (FINSAC) will pump $2b into Life of Jamaica (LoJ) as part of a deal struck late Wednesday night that will see executive chairman Dennis Lalor give up that role but remain a director of the company. As well as...
Red Stripe fizzing ahead
DESNOES & Geddes said the performance of its flagship Red Stripe brand in particular has resulted in an overall eight per cent increase in the sales of its products during the first quarter ended September 30, 2000 when compared with the...
Domestic debt jumps again
THE Government's borrowing on the domestic market has continued apace and has risen by $9 billion in the first six months of the fiscal year to almost $184 billion. The five per cent increase in the mountain of domestic debt is down from a high at the...
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