Jamaica Gleaner
Published: Friday | January 11, 2013
Home : Business

Rising treasury rates spark costly debt worries - BOJ urged to cut interest rates
A marked uptick in treasury rates at yearend spells bad news for the Jamaican Government which will have to pay interest on more than J$420 billion of variable rate debt due for repricing this quarter....

Latibeaudiere heads port divestment team
The Government has tapped former Bank of Jamaica governor Derick Latibeaudiere to chair an enterprise team for the privatisation of the Kingston Container Terminal (KCT). Prime Minister Portia Simpson Miller...

Herbalife defends itself against Ponzi accusations
Herbalife came out swinging Thursday against claims made by hedge fund manager William Ackman that the business amounts to a pyramid scheme.A series of executives looked to refute Ackman's allegations during an analyst and investor meeting, laying out...

NIF to pensioners ... 'We've got you covered'
Audrey Deer-Williams, director of investments for the National Investment Fund (NIF), said the fund had a good year in 2012 and is "very confident" of another successful run in the coming period...

Sharing cash in the public sector - Should NHT, NIF subsidise the treasury and other cash-strapped agencies under CTMS?
As government's finances grow more depleted, the multibillion-dollar funds overseen by cash-rich public agencies are increasingly being touted as potential revenue or financing source for the treasury and other bodies....

Elephant Group sets up offices in MoBay
The Elephant Group Jamaica will officially open for business at the Montego Bay Free Zone with 100 employees on February 1, but says it plans to grow the operation to over 500 employees within the first six...

Zacca: Jamaica risks failure without the IMF
Jamaica has no alternative to a bailout agreement with the International Monetary Fund (IMF), according to the head of Jamaica's top business lobby, who says the country is too close to crisis point to search for a different saviour.It either secures...

Make room for Jamaican investors in big projects
The economic model which I prefer is skewed to getting private investors to be the drivers of economic growth and sustainable employment. Sure, governments have to regulate, legislate and facilitate in a timely and even-handed manner to help investors...

Jamaica's fiscal crisis
I ended my first column of 2013 asking: "Whither Jamaica? We have no Bustamante or Manley tax cuts that we might allow to expire. We have a debilitating inequality fuelled by a tax base that woefully under-represents income levels of the society...

Facing backlash, AIG retreats from lawsuit against US
Afraid of looking like a world-class ingrate, AIG on Wednesday decided against suing the United States federal government over the US$182 billion bailout that saved the giant insurance company from collapse. American International Group Inc...


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