FSSF 'crucial' - To contain destabilising impact of JDX
The establishment of the US$950 million (J$85 billion) Financial Sector Support Fund (FSSF) created under the stand-by agreement between Jamaica and the International Monetary Fund is considered 'crucial' to stability, according to documents obtained ...
Finance Ministry floats new treasury bonds - BOJ cuts short-term rate
The Ministry of Finance has floated two new short term bonds on the market - with tenors of one and six months - which brokers say are comparable to the expected yields under the Jamaica Debt Exchange (JDX).The 30-day treasury...
Prime Office Centre complex to go on the market
After three decades of ownership, the Urban Development Corporation (UDC) will be selling its Office Centre Building, a move the agency says is part of redevelopment initiative for the city.The building, which overlooks the Kingston Harbour, has some 27...
Scotia DBG contracts
Scotia DBG Investments Limited has announced a contraction of its branches in a move to trim operational costs.On February 26, Scotia DBG will lock down its offices in May Pen, Clarendon and Ocho Rios, St Ann, and merge...
Senior staff, agency cuts at NCB
With its profit spurt threatened by expected losses from the government-imposed debt swap, rising operational costs and income challenges in some segments of its operations, National Commercial Bank (NCB) has moved to trim its senior ranks, and has...
Canadian investigator to unravel CL Financial accounts - Finance minister not ruling out prosecutions
Trinidad and Tobago's Finance Minister Karen Nunez-Tesheira said persons responsible for the disappearance of billions of dollars from Colonial Life Insurance Company (Trinidad) Limited (CLICO) and CL Financial could face charges...
Customs chief urges duty free clampdown
Commissioner of Customs czar Danville Walker is pressing for changes to the law governing the US$500 duty free allowance for Jamaicans, saying it is being abused.He prefers that the concession be a one-off benefit applicable...
Trinidad oil fields running low - Petrotrin deputised to find new supplies
Trinidad and Tobago's state-owned integrated energy company Petrotrin has been given a mandate by the government to boost oil production volumes, marking a renewed bid to reverse at least some of the decline that has set in over the last three decades....
CCJ jurist bats for regional financial services agreement
A judge of the court set up by CARICOM to be its ultimate arbiter in trade disputes among them and the final appellate body for member states which so choose, is supporting the need for a financial services agreement to realise...
S&P cuts outlook on Citigroup
Standard & Poor's (S&P) Ratings Services on Tuesday cut its outlook on Citigroup Inc to "negative" from "stable", saying the United States (US) government appears increasingly likely to leave bondholders...
Toyota recalls 437,000 hybrids - Lexus, Prius models affected
Toyota is recalling 437,000 Prius and other hybrid vehicles worldwide to fix brake problems - the latest embarrassing safety lapse at the world's largest automaker."I don't see Toyota as an infallible company that never makes...
Germany loses top exporter crown to China - Symbolising rise of developing economies
Germany's multi-year reign as the world's number-one exporter is officially over, with the crown formally passing to rising Asian power China after new figures showed that German exports slid by nearly a fifth in 2009, the biggest decline...
Applying for gov't-sponsored scholarships
SECURING SCHOLARSHIPS for further study is one way of advancing to the next level in your career, especially when funds are short. With scholarships, you can complete your master's degree or other advanced training at highly recognised universities here and abroad...