Jamaica Gleaner
Published: Sunday | February 10, 2013
Home : Business

Lights out at Palmyra
WESTERN BUREAU:A number of homeowners and tenants of the Palmyra Resort & Spa, Montego Bay, have been forced to vacate the premises because of a refusal by the property's overseers to continue funding increasing maintenance costs.

Business events
FEBRUARY 11 Development Bank of Jamaica launches M3 - Mobile Money for Microfinance pilot project, at The Jamaica Pegasus hotel, 81 Knutsford Boulevard, New Kingston, 4 p.m.cwhite@dbankjm.com

Retirement planning for two
I saw your column in The Gleaner and wanted your advice on personal financial planning for two - my mother, who is 58, and myself, 38.

Snapshots
See the hightlights ...

VMBS acquiring Prime Asset Management
Victoria Mutual Building Society is buying 82 per cent of Prime Pensions St Lucia, the holding company for Prime Asset Management Limited, which will give it full control of the pension fund management company.

JCGL asset sale price not enough to cover debts - PwC
Wilfred Baghaloo, a director of PricewaterhouseCoopers Jamaica, says that proceeds from the assets sale is insufficient to cover both the debts of Jamaica Citrus Growers Limited and financing obligations incurred during the period of the receivership.

Policyholder learns limits of Universal Life coverage the hard way
On November 28, 1990 I bought a Concord Regular Life Policy.

Microfinance loan dilemma
I went to a financial institution to acquire a loan of J$200,000 with an interest rate of 48 per cent and a repayment figure of J$312,000.

Harnessing tourism for growth
There are strong signs that the numbers of visitors from the United States and Canada are once again on the increase and the world's most advanced developing economies, including China and Brazil, are returning to previous high levels of growth.

Lodge splits from First Heritage
Courtney Lodge has parted from First Heritage Co-operative Credit Union (FHC), just half a year into his tenure as deputy chief executive officer of the merged operation.

Argentine court upholds freeze on Chevron assets
An attempt by Chevron Corp to unfreeze its assets was dismissed by an appeals court in Argentina, where the winners of a US$19 billion environmental judgment in Ecuador are suing to force the oil company to pay.


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