Jamaica Gleaner
Published: Sunday | November 11, 2012
Home : Business

RBC hones mortgage strategy - Signs with NHT
RBC Royal Bank Jamaica said last Wednesday that one year into its flirtation with the mortgage market, it has secured "just about" one per cent of a more than J$200-billion sector - which would place its portfolio at or around J$2 billion.

Campari formally launches offer for Lascelles - 90% of shares already locked up
Gruppo Campari says it has already locked up agreements to acquire 90.7 per cent of the Lascelles ordinary shares and 97 per cent of the conglomerate's preference shares.

Card fraud on the decline
Senior Superintendent Fitz Bailey, commanding officer of the Organised Crime Investigation (OCID) Division, says there has been a 60 per cent drop in credit and debit card fraud since the launch of Operation Safe Card last year.

Protect your financial plan: Transfer the risk
A fire can destroy a financial plan. But so can water, earthquake, hurricane Sandy and other perils for the individual who chooses not to transfer risk by insuring his assets.

The perils behind mortgage insurance
In purchasing my house, I utilised the National Housing Trust's (NHT) Joint Financing Mortgage Programme. I borrowed J$3 million from that entity and J$2 million from another institution. One of the loan conditions of the other institution is that I must insure the house for the equivalent to the two loans or j$5 million. Is this legal?

Jamaica elected first vice-chair of UNWTO executive council
Jamaica has improved its standing on the world tourism stage with its selection as first vice-chair of the executive council of the United Nations World Tourism Organisation (UNWTO) for 2013.

Consumers paying for 17% of JPS losses says Paulwell
Power provider Jamaica Public Service Company (JPS) currently passes on to its consumers 17 per cent of the costs of its inefficiencies - including illegal extraction of power - valued at billions of dollars, says Energy Minister Phillip Paulwell.

Deeper tax scrutiny for large corporations in offshore centres
A new front is about to open in the drive by wealthy advanced economies to enhance their tax income. It is an approach that has implications for the Caribbean and particularly those nations that operate as offshore financial centres.


The 5 secrets winners live by that failures donít know
THE PEOPLE who succeed in their lives and careers know something that others donít.

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