Freeze on new repo traders
A temporary freeze on the licensing of securities dealers whose business models are skewed towards trading in repurchase agreement and other short-term liabilities will take effect next Tuesday as part of the financial-sector reform in adherence...
Adrian Stokes, Jason Morris tipped to join VM Wealth
Jamaica Money Market Brokers (JMMB) is losing two of its senior strategists to Victoria Mutual Building Society (VMBS), who will join the mortgage group's wealth-management team, according to well-placed sources. Jason Morris, portfolio manager ...
JDX not enough - Bowen
Government needs to do more than a debt exchange to right its fiscal accounts, said Bruce Bowen, president and chief executive officer of Scotia Group Jamaica, whose formula for growth includes revisions to the tax system, smaller government and bigger...
Overall public-sector deficit planted at 12.75% - Shaw blames low revenues, Jamaica Debt Exchange
Jamaica's fiscal deficit is now estimated at 10 per cent of gross domestic product (GDP), and the overall public-sector deficit will likely round out the year at 12.75 per cent of GDP, according to information presented to Parliament by Finance Minister Audley Shaw Tuesday...
List JDX bonds on JSE - Williams - vestment banker suggests Government diversify into equities
Cristopher Williams, who is currently transitioning from NCB Capital Markets Limited to Proven Investments Limited, a new investment firm, is suggesting that Government use the opportunity presented by its liability management plan..
Speedy take-up of debt offer - Shaw - Promises no increase in the Budget
Three days into the offer for the Jamaica Debt Exchange (JDX), Finance Minister Audley Shaw was ebul-lient about the response from bondholders."The response has been remark-able," he said Wednesday night while addressing the monthly Mayberry Investor ...
New pensioners facing 40% cut
Jamaicans heading into retirement this year are likely to see a reduction of up to 40 per cent on private pension income after the Government's debt-swap transaction closes, according to the estimates of local actuaries...
Restructuring debt requires equity for development
Because last week's column was penned before the finance ministry's debt restructuring was made public, I attempted, too late for the paper, to add this postscript:"Heartening indeed it is to note Jamaica Money Market Brokers' Keith Duncan and other...
Samuels' stay at NHT extended by a month - Mitchell retains chair
Prime Minister Bruce Golding has appointed a new board of directors to oversee the National Housing Trust (NHT), an agency now facing tough scrutiny after allegations by the contractor general of fraudulent contract awards....
Vistaprint buys MoBay land for expansion - First to take space in new technology park
Vistaprint Jamaica Limited, six years into its operation in Montego Bay, has acquired approximately 4.4 hectares (11 acres) of land at Fairfield on the north-western tip of the city to establish a new base, but is yet to determine when the facility will be built...