More powers for BOJ
Finance Minister Audley Shaw, hours before he would table new legislation in Parliament Tuesday, announced new powers for the central bank over Jamaican firms in a round of sweeping policy changes for the financial system that would also force Shaw into stronger ...
Jamaica prepares for six-month Chinese expo
Jamaica's participation in Expo Shanghai 2010, a six-month long trade show in China, is being coordinated by four Government ministries, using Jamaica Trade and Invest (JTI) as a rallying point for business interest.The expo is expected to bring some 70...
JSE capital markets conference - Fiscal reform creates new options for monetary policy, says Wynter
The structural reforms coming for the financial system, including new controls on fiscal policy, will create a better balance for the execution of monetary policy that allows price targets to be set and maintained, Bank of Jamaica Governor...
General Foods replaces Hi-Lo at Liguanea
The space in the Liguanea Plaza, which up to recently was occupied by the Hi-Lo Food Store, has been taken over by Tony and June Wong, who are expanding their north-coast grocery operation, General Foods Supermarket, into Kingston....
HBO legitimised in Jamaica
Home Box Office Latin America Group (HBO LAG) and Flow Jamaica declared their dispute over content settled, amid raised wine glasses on Monday to toast the new business partnerships cobbled after years of acrimony. Columbus Communication...
Citigroup bleeds in 4Q but trims full-year losses
Citigroup Inc became the latest bank to take a cautious view of consumers' credit problems, reporting a US$7.77 billion fourth-quarter loss due to failed loans and the costs of repaying government bail-out money.The bank said Tuesday it did see some...
Record IDB approvals, disbursements in 2009
Due to the financial crisis, which prompted countries to seek external help from big lenders, the Inter-American Development Bank (IDB) is reporting that it issued loans in 2009 at nearly twice the pace of the previous year to set a new record....
Statin reports 3Q contraction of 2.3%
Economic activity in the third quarter of 2009 was marginally better, by 0.7 per cent, than the June period, but output fell 2.3 per cent in a year-on-year comparison. In the September 2009 quarter, Statin registered $123.25 billion of real gross...
A brave new financial world - Post-crisis economic policy in Latin America and the Caribbean
In 2009, Latin America and the Caribbean dodged a bullet.Their efforts over the previous decade at better economic management and smarter social policy paid off, and the worst global recession in a generation caused only minor damage...
Banana farmers certified in new fields
In mid-January, 227 farmers received certificates of participation for their involvement in the Banana Sector Rehabilitation Project (BSRP) which ended in December 2009. The HEART Trust/NTA BSRP was aimed at retraining ...
Tullow blocks Eni in Ugandan oil fields
Britain's Tullow Oil PLC said Monday it will exercise its pre-emptive right to buy 50 per cent of two Ugandan oil fields from Heritage Oil PLC for US$1.5 billion, potentially blocking a bid by Italy's Eni SpA.Tullow and Heritage each own a half share in...
Singapore's first casino set for partial opening
Singapore's first casino-resort is set to partially open Wednesday, a key part of a government plan to reduce reliance on manufacturing and brand the tightly controlled city-state as a cosmopolitan Asian capital. Resorts World Sentosa...