9.95% BNS loan offer - JMA prays new facility will start a trend
Scotiabank Jamaica has opened up a $500 million loan window for the productive sector, but while the pool is relatively small compared to the demand for credit, the price at 9.95 per cent interest is one of the cheapest deals that a commercial bank has...
KES liquidator quits - JMB may cash in on Scott's personal guarantee
Ken Tomlinson has quit as liquidator for KES Development Limited, less than a year into the appointment, fearing that his firm, according to informed sources, would find itself too exposed to the real estate...
Eliminate tax incentives, says economist - Too costly for Jamaica
As policymakers weigh strategies to bring Jamaican's trillion-dollar debt under some control, economist Dr Peter John Gordon is suggesting that the elimination of costly tax incentives to businesses would be a good start...
FirstCaribbean shuttering Newport West branch - Opening another in Portmore
FirstCaribbean International Bank Jamaica Limited (FCIBJ) will, in less than two weeks, shut down its Newport West branch in Kingston and merge the operations with King Street, the bank has advised the market. At the same, FirstCaribbean is opening a new branch ...
Trelawny sugar belt anticipates good times again
A commitment by Everglades Farm to pump some US$6.2 million (J$549.8 million) into the Long Pond and Hampden sugar estates has created an air of expectation among former workers in the sugar-dependent communities. Everglades, owned by the Hussey family, acquired the assets...
Local credit union to buy CLICO company
A LOCAL credit union has succeeded in its bid to take over CLICO Mortgage and Finance Corporation (CMFC), according to a newspaper report. The Sunday Sun said the Barbados Public Workers' Co-operative Credit Union Limited...
Antigua begins IMF talks
Plagued by a huge debt that has hugely affected its ability to access financing, Antigua and Barbuda has commenced discussions with the International Monetary Fund (IMF) to work out an assistance package. The debt is now at existing EC$3.1 billion ...
LIAT shareholders seeking US$54m fleet upgrade
Shareholder governments of LIAT are seeking to update the fleet of the regional airline to the tune of US$54 million, St Vincent and the Grenadines Prime Minister Ralph Gonsalves has announced. Gonsalves said that the idea was discussed at a meeting ...
Economists say recovery under way - survey
MORE THAN 80 per cent of economists believe the United States recession is over and an expansion has begun, but they expect the recovery will be slow as worries over unemployment and high federal debt persist...
Food shortage danger for developing nations - UN urges fivefold increase in agri investment
Agricultural investment in developing countries will have to increase more than fivefold to ensure that by 2050 the world has enough to eat, a United Nations food agency said Monday.Poor countries will need a yearly US$44 billion of development assistance ...
Managing conflict on the job
HAVE YOU ever had a co-worker who you just could not get along with? Or conversely, have you felt that a co-worker does not like you? Unfortunately, this is the reality for many persons in the workplace today. Unless you are a manager, the average employee does not have control...