Davies raises US$350m on eurobond market - 30-year issue to yield 8.125%
market30-year issue to yield 8.125%Keith CollisterBusiness WriterJamaica yesterday raised US$350 million on the international capital market, a take which was not only US$100 million more than Finance Minister Omar Davies initially requested, but likely fulfil...
Break the back of speculative investment schemes, IMF warns Jamaica
International Monetary Fund officials have suggested that Caribbean countries collaborate more on financial sector regulation to detect cross-border evasions and head off potential financial contagion in a region where financial conglomerates are increasingly operating...
NWC secures ?16m loan from BNP Paribas
National Water Commission has secured a ?16.23 million loan (J$1.4 billion; US$21.3 million) from French bank BNP Paribas to finance expansion of the Martha Brae water system to a wider area of the north coast. Drawdown of the funds is pending a government guarantee...
IMF again advises shutdown of Air Jamaica
Apparently unconvinced that the latest restructuring plans at Air Jamaica will turn-around the airline, IMF technocrats have again told the Government to shutdown or sell off the carrier and save taxpayers the big annual subsidy to the business.
Investors dump Dyoll stock as cash flow problems worsen
The cash-strapped Dyoll Group is unable to pay its staff and cannot find the money to pay for a professional audit tobe done on its fourth quarter results and, by extension, its financial year, the company advised in a filing to the Jamaica Stock Exchange (JSE).
BCIC back on the market for partners - Says real growth won't happen without market consolidation
A year after it broke off merger talks with NEM, the Matalon-owned British Caribbean Insurance Company (BCIC) has signalled it is back on the market, looking for 'worthwhile' partners. "We're looking to acquire or to merge," managing director Leslie Chung...
SVL reports disappointing profits
Supreme Ventures Limited's profit projections were well below expectations, pulled, said the company, by its loss-making gaming lounge, Acropolis.Its net profit of $165.3 million was 62 per cent below earnings projected. President and CEO Brian George said...
Manning looks to Caracas to supply Jamaica with LNG
Patrick Manning will raise with Hugo Chavez, the possibility of sourcing natural gas from Venezuela to be refined by Trinidad and exported to Jamaica, as Port of Spain explores options for keeping to the supply pact it signed with Kingston three years ago....
Caribbean aluminium and LNG
Surviving regional operations of the colonial enterprise known as the British West Indies and the sabotaged West Indies Federation include cricket, meteorological services, University of the West Indies - morphed by UWI Alumni-led governments and compliant...
Lascelles expects big hit from lost Diageo contract
The loss of its distributorship of Diageo products would create 'a hole' in Lascelles deMercado's operations, the conglomerate's boss told shareholders, but the company later refused comment on the size of the business the contract represented.
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