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Business

Interest rate in tatters

FINANCE MINISTER Dr. Omar Davies's plan to bring interest rates down to 14 per cent by next April appears to be in tatters.

FINSAC takes 80% of LoJ

INVESTORS IN Life of Jamaica (LoJ) yesterday ratified a deal for the state-owned Financial Sector Adjustment Company (FINSAC) to inject $2 billion into the island's largest life insurance operation and take an almost 80 per cent stake in its operation.

Breaking up is not hard to do

Question: I HAVE been a loyal customer of my insurance company for over 10 years. I earn the maximum no claims bonus. The renewal notice for January 2001 was sent to me recently. The premium after my no claims bonus was $17,500. However, the company said.

J'can banks to embrace E-Commerce
THE LEADING Jamaican commercial banks are now ready to embrace the e- commerce age and are no longer deterred by customers possessing only local currency cards when trading on the Internet. So declared Bank of Nova Scotia (BNS) boss William Clarke at..

C&W expanding network services
CABLE & WIRELESS Jamaica is aggressively expanding and upgrading its data and IP network improved capacity, a higher standard of performance and reliability. The company said its network will deliver best-in-class performance and will use the latest.












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