Business
President and CEO of Pan Caribbean Financial Services Donovan Perkins
Pan Caribbean Financial Services (PCFS) under the stewardship of its President and CEO Donovan Perkins put in an admirable performance for the nine-month period ended September 30, 2009 against the backdrop of a global economy in recession and a contracting local market where capital is at an all-time premium....more
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Acquisitions see Sagicor post profits of J$4 billion
Friday, November 06, 2009
Sagicor Life Jamaica, the country's largest life insurer, has had its best year to date posting net profits of J$4 billion for the nine-month period to September 2009 mainly due to some judicious acquistions made last year. Sagicor made the bold move of acquiring Blue Cross and Industrial Alliance in Cayman last year before going in for Guradinan Life Cayman, earlier this year....more 3 comments
Jamaica's productivity is the lowest in the Caribbean
Friday, November 06, 2009
It may take another 40 years before Jamaica's productivity increases to the level of its Caribbean neighbours....more 53 comments
Friday, November 06, 2009
It is unfortunate that some of our more vocal analysts seem to regard our most recent downgrade as a government management issue. The rating downgrade is clearly an echo of the events of early August, when Jamaica was apparently downgraded for thinking about (the thought, not the action) undertaking a liability management programme, or put more simply, doing a debt swap. This "thought" was actually based on a proposal put forward in March as the combined effort of a number of key securities dealers to give the Government some cash flow relief....more 6 comments
Wehby calls for major changes to be made at BOJ
Friday, November 06, 2009
Don Wehby has called for major changes to be made to the operations of the Central Bank....more 10 comments
Cable & Wireless to demerge operations
Friday, November 06, 2009
Telecoms provider Cable and Wireless plc (C&W plc) said that its international operations, which includes Jamaica, will not be sold amidst yesterday's announcement that the group will separate into two companies in order to increase shareholder value....more 4 comments
The importance of that IMF money
Friday, November 06, 2009
With the Government coming under increasing pressure with both its fiscal accounts and balance of payments out of line, consumer confidence down and the country facing a winter of discontent, it is paramount that the US$1.2 billion standby arrangement with the IMF be agreed before the year is ended....more 2 comments
Dollar flat as ECB, BoE leave rates unchanged
Friday, November 06, 2009
The dollar was nearly flat yesterday after the European Central Bank and Bank of England left their respective key interest rates unchanged....moreRegional cruise tourism up in a down economy
Friday, November 06, 2009
Cruise spending is up in a down economy in destinations visited by cruise line-members of the Florida-Caribbean Cruise Association....moreTaxing times for British Caribbean
Friday, November 06, 2009
The UK's Overseas Territories and Crown Dependencies have been told to improve standards of regulation, and find new methods of raising tax....moreTrinidad must look beyond Caricom — Browne
Friday, November 06, 2009
Trinidad's Trade Minister Mariano Browne urged businessmen to look beyond Caricom and pay attention to the world market....more 2 comments
Barbados must look to emerging markets — Estwick
Friday, November 06, 2009
Barbados' Minister of Economic Development Dr David Estwick says Barbados needs to look to emerging markets, especially those close to the island, for new international business opportunities....moreGov't already $4.4b behind new revenue target
Wednesday, November 04, 2009
The Government will have to outperform its original revenue projections for the second half of this fiscal year by more than $4 billion if it is to meet its revised targets....more 6 comments
Ja on track for US$2-b earnings, says Tourism director
Wednesday, November 04, 2009
MONTEGO BAY, St James - Director of Tourism John Lynch on Monday said Jamaica is still on track to realising US$2 billion in earnings by the end of the year, despite the global economic downturn....more 19 comments
Carib Cement posts $431-m loss
Wednesday, November 04, 2009
The continued slowdown in activity within the construction sector painted two separate pictures for Berger Paints and Caribbean Cement Company during the three months ending September 30....more 1 comment
Some economists give former BOJ head good grade
Wednesday, November 04, 2009
At least two economists believe that former Bank of Jamaica (BOJ) governor, Derick Latibeaudiere, who was fired less than a week ago, performed strongly as head of the country's central bank up to a change of political administration two years ago....more 18 comments
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