US$1b rescue fund for financial sector - Size of FSSF surprises players
The Bruce Golding administration has called for a US$1-billion (J$90 billion) rescue fund for the financial sector, the size of which has sparked concerns about the health of Jamaica's investment houses, including its smaller players...
Guardsman enters pest control market - To distribute Orkin products under exclusive franchise
Kenny Benjamin, chief executive officer of the Guardsman Group, a security services firm and technology provider, has secured the pest control franchise for Orkin products under an exclusive distribution deal with the American company...
SVL gaming lounge, sports betting centre for Portmore
Supreme Ventures Limited (SVL) is outfitting leased premises in Portmore for expansion of its gaming lounge business, Acropolis, that will also double as the operational base for its first sports betting centre. Acropolis Portmore will open for business...
Debit transactions undaunted by economic downturn - Spend slowed in December, but held steady for 2009
There was a damper on spending via debit cards during the high shopping season in December, although total spend for the year came out almost spot on projections, data from the multilink banking system is showing...
FSC head warns against over-regulation - But says 'soft touch' era is over
Even as the Government unveils tough new financial regulations mandated by the International Monetary Fund (IMF), Rohan Barnett, executive director of the head of Jamaica's financial services watchdog, the Financial...
Gonsalves proposes tax-free budget, but raises fees
Prime Minister of St Vincent and The Grenadines Dr Ralph Gonsalves, has presented an EC$913.5 million (US$338.3 million) tax-free budget to Parliament that also proposes removing the value-added tax on wheat and raw chicken imports, as well as packaging...
A waterfront view of Hamilton, Bermuda - Bermuda to eliminate municipalities - Mayors vow to fight reform
The Bermuda Government has announced it is to spend US$800,000 on a review of the island's two corporations, Hamilton and St George's, which it said it wants to close down because they are "outdated"...
Swedish investors hunt casino licence - Grenada split on introduction
The Swedish developers involved in an EC$300 million (US$111 million) tourism project, say they will accept the parameters laid down by the Grenada government were they to be granted the sought-after casino gambling licence required to make the venture a worthwhile...
IMF revises global growth forecast to 4%
The world economy is recovering at a healthy pace but still needs government stimulus efforts to keep it going, the International Monetary Fund said Tuesday. The IMF raised its forecast for world economic growth in 2010 to nearly four per cent...
UK emerges from recession ... barely - Grows 0.1% in Q4
Britain's worst recession since World War II is officially over - but a less than convincing return to growth leaves British Prime Minister Gordon Brown's Labour Party on shaky ground ahead of a general election...