Jamaica Gleaner Business
Published: Monday Friday | September 18, 2009
Gov't firms get IDB cash - State competes with private sector for stimulus loans
A US$300 million (J$26.7 billion) Inter-American Development Bank (IDB) loan, which the Government unveiled with much fanfare earlier this year as a source of dedicated capital for the Jamaican private sector, has been opened to government entities... Read More...
Green blames US stations for piracy - Says regulator's action not spurred by HBO visit
Jamaica's top regulator for subscriber television (STV), Cordel Green, has largely blamed American content providers - such as HBO and Cinemax - for the piracy of their signals by the island's STV companies, accusing the US firms of a long-standing "intransigence"... Read More...
Interest rates cut again - Low inflation, IMF funds nudge latest one per cent clip
In its fourth reduction in less than six weeks, Jamaica's central bank yesterday clipped one percentage point from its benchmark interest rates, bringing its six-month certificates of deposit (CD) to 17 per cent... Read More...
Caricom trade ministers talk food safety
Following a protracted and highly publicised quarrel earlier this year involving trade authorities in Jamaica and Trinidad over the export of Jamaican meat patties to the twin-island state of the Caribbean Community (CARICOM), trade and economic... Read More...
Sagicor's delisting burns some investors - Raises fears that other firms could follow
This week's delisting of Barbados-based Sagicor Financial Corporation (SFC) from the Jamaica Stock Exchange (JSE) could translate to a significant depreciation of up to 40 per cent in the portfolio value of investors holding the stock... Read More...
Blackwell gets PSOJ Hall of Fame award
The Private Sector Organisation of Jamaica (PSOJ) has announced tourism and entertainment business mogul, Christopher Blackwell, as its 2009 inductee for the PSOJ Hall of Fame. Blackwell is the founder and chairman of Island Outpost... Read More...
Marketing Brand Jamaica in the post-Beijing/Berlin era
As Jamaica once again prepares to welcome home our locally based athletes who performed with such distinction at the 2009 IAAF World Championships in Berlin, Germany, we are still awaiting the presentation of concrete plans to market the image of Brand Jamaica on the global stage... Read More...
Cost control feeds big Broilers profit
Despite a $286-million, or five per cent decline in first-quarter revenues when compared to last year's, Jamaica Broilers Group's profit jumped 181 per cent to $430 million, giving the agro-processor what it said was its "best-ever quarterly profits... Read More...
Overhaul of Wall Street rules: Obama's heavy lift
Presidential candidate Barack Obama was accused by his opponents of having a messiah complex. Attack advertisements depicted him walking on water, promising to save the planet and other great things, but being unprepared and totally inexperienced ... Read More...
Lottery firm's profit dips despite super income rise
A $2-billion improvement in nine-month revenue, spurred by big foreign-exchange gains, brisker remittance flows and a bigger take from lottery games, was not enough to foil a marginal decline in the profit gaming and lottery company Supreme Ventures... Read More...
Abercrombie & Fitch sues Beyoncé for trademark violation
COLUMBUS, Ohio (AP): Abercrombie & Fitch Co has sued singer Beyoncé Knowles, saying her plan for a fragrance named after her alter ego Sasha Fierce violates the teen clothing retailer's trademark.The chain, which has sold a men's fragrance called... Read More...
Movements
Janet Sharp joins Sagicor board - Janet Sharp, who stepped down three and a half months ago as executive vice-president and resident actuary at Sagicor Life Jamaica, has now joined the company's board, Sagicor announced in a filing with the Jamaica Stock... Read More...
China in huge Venezuela oil deal
In a move being read as a strong manifestation of President Hugo Chavez's concerted bid to seek greater economic independence from the United States, Venezuela has announced a US$16-billion investment deal with China for oil exploration in the Orinoco... Read More...
Manufacturing gains signal start of US recovery
WASHINGTON (AP): Signalling that manufacturers are leading the economy into a recovery, output from the nation's factories, mines and utilities posted widespread gains in August.In a further dose of good news, inflation remained essentially non-existent... Read More...
