Jamaica Gleaner Business
Published: Monday Wednesday | December 9, 2009
Four vying for LNG project - Bids due Jan 5 - Jamaica seeking 'BOT' investors for floating platform
Four foreign energy companies are now vying for the job to develop a floating natural gas platform for Jamaica, under an arrangement that requires the selected investor to 'build, own and operate' the system. Jamaica has opted to develop an offshore platform... Read More...
Digicel refinances 2012 debt
Digicel Limited said Tuesday it has completed a US$500-million corporate bond offering of senior notes due September 2017, that would be used to replace debt due in September 2012.The new bond has a coupon of 8.25 per cent - a point below... Read More...
Access Financial expands operations in major towns
Access Financial Services Limited is to open three new branches by yearend, growing its network to 11 branches, in a follow-through on a promise to investors that the company would expand its national footprint in search... Read More...
Older cars backing up on dealer lots - JUCDA proposes new import age limit of five years
USED-CAR dealers say they have some 2,500 cars backed up in inventory, and that more than half have surpassed the regulatory three-year-old benchmark that financial houses look to in granting car loans. Consequently, the dealers say they are unable to move... Read More...
Belgians position as trade hub for Jamaica in Europe - Exploring partnerships in Jamaica - PSOJ planning trade mission
Jamaican companies are planning a reciprocal trade visit to Belgium and other parts of Europe having this week laid out eight sectors, from coffee to mining, that are open to new investment and joint-venture partnerships with investors looking to expand... Read More...
Self starter - Multi-Media, marketing guru Rashida Rose
Twenty-eight-year-old Rashida Rose is glad today that she was encouraged to do photography by her mathematics teacher at Vauxhall High. He had suggested that she learn the art form as a skill when she dropped out of school, pregnant... Read More...
NCB selected Jamaica's top bank
National Commercial Bank Jamaica Limited (NCB) has been named Bank of the Year 2009 by The Banker, designating it the top entity in its home country. The magazine cited NCB's positive results and better growth than its competitors... Read More...
Bauxite workers back on the job
Mining workers at the Russian-owned Bauxite Company of Guyana Inc (BCGI) returned to their jobs over the weekend ending a two-week strike that the company said resulted in the loss of millions of dollars. Read More...
Former Stanford employees reach to recover funds
More than 400 former employees of disgraced financier, Sir Allen Stanford, say they have reached an agreement with the Bank of Antigua to recover severance and retirement funds owed to them. "Agreement was reached to collectively pursue the employees'... Read More...
Losses mount in alleged St Vincent bank scheme
Losses by investors in the Caribbean-based Millennium Bank are more than triple what United States (US) authorities initially projected and little is likely to be recovered, a court-appointed receiver said... Read More...
Japan unveils new stimulus package
Japan's government on Tuesday unveiled US$81 billion of new stimulus spending to keep the world's second-biggest economy from lurching back into recession. Despite shrinking tax revenue, Prime Minister Yukio Hatoyama and his Cabinet agreed to yen7.2... Read More...
Union slams USVI rum tax deal with Diageo
Union officials are blasting a rum tax pact the US Virgin Islands has inked with the world's largest alcoholic beverage company as 'un-American' and are asking Washington leaders to block the deal.... Read More...
It's time for us to get busy! - Youth mayors come to the table with ideas - and energy
Fourteen teenagers who have been appointed youth mayors have outlined a range of causes they will seek to champion islandwide during their one-year tenure. The ebullient bunch, buoyed by progressive agendas, made their declaration at a luncheon... Read More...
Workers in danger
Fresh concerns have been raised about poor workplace conditions in which Jamaican employees toil, particularly in oversight of occupational safety and health standards. Major Clive Davis, managing director of Safety and Emergency Management Systems... Read More...
