Jamaica Gleaner Business
Published: Monday Friday | May 29, 2009
FSC sounds repo warning - Cites interest rate, liquidity risks - Mayberry getting out, others studying implication
At least one dealer in government paper and other securities, as well as the regulator for the financial services sector, are pointing to interest rates and liquidity risks in repurchase agreement or repo transactions, while brokerage Mayberry Investments says... Read More...
Broilers nix plan to diversify into rice
Jamaica Broilers Group has put $5 million into Jamaica's rice experiment, but now the poultry maker says the investment was simply a good corporate citizen gesture and did not signal an intent on its part to grow the grain commercially... Read More...
Matalon confirms interest in PSOJ presidency - Ten companies newly elected to council
The Private Sector Organisation of Jamaica (PSOJ) at its annual general meeting on Tuesday selected a new 46-member council for a two-year term, one of whose immediate tasks is the election of a new president and board... Read More...
Commentary - Savers' dilemma
Last week, among my 'Spam' messages there was one that appeared to be a genuine request for assistance - assistance in a field in which I am not qualified to practice.The writer wanted to know the best stocks for a first time investor... Read More...
Newspapers in decline - Making readers pay for online news: financial salvation or suicide?
The Arkansas Democrat-Gazette is a rarity among large United States (US) newspapers - it's selling more weekday copies than a decade ago.In Idaho, the Post Register's circulation has remained stable... Read More...
$1.5b pension windfall for LIME
Cable and Wireless Jamaica/LIME has claimed $1.5 billion in cash credit from two pension schemes that were restructured by the company last year and has used some of that income to fatten its mid-line income. The company has booked $892 million as a gain... Read More...
Cement debate - We're acting in the national interest - JMA
The Jamaica Manufacturers' Association Limited continues to provide strong support for both local manufacturing and the national interest. The association is not siding with cement importers, and has made a recommendation which clearly supports our local manufacturer... Read More...
Scotia Group to pay $1b in quarterly dividend - Writes off $837m of bad loans
Scotia Group Jamaica, shrugging off some of the weight of non-performing loans, has grown profit to $2.9 billion in its April quarter, and is planning to share more than $1 billion of it with its 13,520 shareholders matching an interim payment in January... Read More...
Scotia DBG to launch new bond fund
In a bid to boost revenue and diversify away from its heavy reliance on interest income, Scotia DBG Investment, the investment and brokerage arm of banking giant, Scotia Bank, is turning to the regional bond market, with the newest of its bond instruments... Read More...
IMF discussions on in earnest
A team from the International Monetary Fund (IMF) is in Jamaica holding discussions with various government officials. During this visit they are expected to accomplish two things: finalise the 2009 Article IV consultations; and help Jamaican authorities... Read More...
Garfield Coke - Making a habit of multimillion-dollar insurance sales
Garfield Martin Coke, branch manager of the Sagicor Life Jamaica Limited's Utopia Unit in New Kingston, possesses a quiet demeanour which, at first blush, seems unsuited to the profile of a man who secured the position of investment advisor to golden sprinter Usain Bolt... Read More...
MOVEMENTS
Management switch at Carreras - Rhys Campbell, who holds the title corporate and regulatory affairs manager at cigarette distributor Carreras Limited is being seconded to Carisma Marketing Services Limited in Trinidad.Both Carreras and Carisma... Read More...
Bahamas reports drop in tourist arrivals
Tourist visits to The Bahamas have decreased by nearly five per cent this fiscal year as the global recession batters the vast Atlantic archipelago's key industry, the prime minister announced Wednesday... Read More...
