Jamaica Gleaner
Published: Friday | February 8, 2013
Home : Business

NCB postpones IPO -Offer not cheap enough
National Commercial Bank Jamaica (NCBJ) has delayed listing its US$258 million worth of shares on the New York Stock Exchange based on pricing concerns by investors.The bank, however, claimed high interest in the initial public offering (IPO) even as it...

JBA says local US account holders safe
The Jamaica Bankers Association (JBA) says it's unlikely that any local bank will close out individual US accounts to avoid the costs associated with the US Foreign Account Tax Compliance Act (FATCA)."I am not aware of any commercial banks that are...

Juciful licensed to Trinidadian firm for a decade - Citrus Growers' acquisition finalised in J$1b deal
Jamaica Citrus Growers' Association (JCGA) has licensed the Juciful brand to Jamaica Beverages in exchange for two per cent of annual sales of juices bearing the popular label...

Palmyra developers sue NCB, RBC
The developers of the Palmyra Resorts & Spa have filed a lawsuit against their bankers, National Commercial Bank Jamaica (NCB) and RBC Royal Bank Jamaica, to reclaim the property which was placed...

Jamaica still shedding jobs
Jamaica's youth unemployment continued to worsen in the last survey, rising above 35 per cent.But this performance mirrors global trends for jobless youth.World Bank projections indicate that youth unemployment is expected to continue rising...

Salada to reintroduce Roberts brand to grocery shelves - Coffee company launches plan to enter Chinese market
Salada Foods' new subsidiary, Mountain Peak Food Processors Limited, will be reintroducing the Roberts brand of jams and jellies and other canned foods to the market...

DBJ, IDB creating 'ecosystem' for private-equity market
Jamaica's last serious effort at venture capital participation was two decades ago, but now the Government is ready to make another try at developing a private-equity market to back business ventures. Development Bank of Jamaica (DBJ) says it hopes ...

Debt default, devaluation or haircut - all are futile!
I spoke with the producer of a usually insightful and popular radio talk show on Tuesday.Our conversation turned to the issue of Jamaica's past, current and apparently unending discourse - negotiations if you will, although that descriptor may...

Procrastination, a bad economic strategy
"To everything there is a season," said the wise King Solomon. He could have added that 'a season of crisis lends itself to urgent and even radical action'....

Antigua still open to settlement on Internet gaming
A senior government official on Wednesday said Antigua & Barbuda is still open to finding a resolution to its internet gaming dispute with the United States even though the World Trade Organization (WTO) has again ruled in its favour....

Investor sues Apple, wants more cash
With its annual meeting looming and its stock on the decline, Apple is facing a rebellion from an activist investor who wants the company to stop stockpiling cash and give it to shareholders instead.Greenlight Capital said Thursday that it is suing...

Oil heads back to US$97 per barrel
A government report showing a smaller-than-expected increase in US crude supplies led to a turnaround in the price of oil Wednesday.


Home | Lead Stories | News | Business | Sports | Commentary | Letters | Entertainment | Social | International |