Charles Chambers has been appointed managing director of investment banking at BCW Capital, effective March 19, 2012, the company announced Tuesday.BCW Capital plans launch into business in mid-2012.The financial company, which was founded by Gerald...
Oil closed at a two-month low on more troubling signs for the world economy.Benchmark United States crude dropped to US$101.02 per barrel in New York on Tuesday, while Brent crude fell to US$119.88 per barrel in London.Natural gas fell to a 10-year low...
Visitor arrivals by air and sea hit a record 3.07 million in 2011, an 8.4 per cent hike year-on-year, which beat the previous record set six years ago. Arrivals last surpassed three million in 2006 when 3.01 million...
The Ministry of Finance has approved a licence for a new company called CRIF NM Credit Assure Limited (CNM-CAL) to operate a credit bureau in Jamaica.The ministry said last night that CNM-CAL is a joint venture between ILLUMINAT Jamaica Limited...
Guardian Holdings Limited recorded a loss of TT$20.5 million (J$277m) from its 24 per cent share ownership in Ocho Rios Beach Resort Limited, one of its associated companies in Jamaica.Coupled with that loss, a write-off of TT$22 million...
TGI Friday's in Kingston offered a slightly better performance than its counterparts in Trinidad and Barbados, according to franchise holder Prestige Holdings.The Jamaican operation, which consists of a single restaurant on Hope Road in operation since...
General manager of Jamaica National Building Society, Earl Jarrett, poses with his award after his selection as the Jamaica Institute of Management's Manager of the Year 2011.
Government data show US coal exports reached their highest level in two decades last year as strong overseas demand offered an outlet for a fuel that's falling from favour at home.US Department of Energy data analysed by The Associated Press reveal that...
N A move to grow business in western Jamaica, Sharon Ffolkes-Abrahams, state minister in the Ministry of Industry, is seeking to reposition the People's Arcade in Montego Bay, St James, as a premier small-business entrepreneurial centre.
UNIVERSITY COLLEGE of the Caribbean (UCC) students and high-school pupils were last Tuesday given skills in job seeking and résumé preparation during the institution's annual career-day exercise. Students made endless enquiries and listened keenly to the various presenters that participated in the career-day activities.
SEVERAL PRIVATE-sector entities are joining forces with state agencies to correct what everyone agrees is a major problem - the dirty, smelly and ugly condition of sections of downtown Kingston.
The United States Commodity Futures Trading Commission (CFTC) has filed a legal suit against Canada’s biggest bank by assets, accusing it of carrying out hundreds of millions of dollars of “wash trades” in the Caribbean, among other offices, in a bid to claim dividend tax credits from Canada’s Revenue Agency (CRA).
The International Monetary Fund (IMF) reports “notable progress’ in many areas of the Antigua and Barbuda economy after completing three reviews of the island’s three-year multi-million dollar Stand By Agreement (SBA) with the Washington-based financial institution.
I am new to the stock market, but I would like to start to invest in it. How do I start and how do I get in touch with a stockbroker? I would appreciate your counsel and advice.
Even as local realtors note that demand for commercial real estate is now resurgent, companies which want to acquire production or operating space without owning brick and mortar are turning to local capital market firms for solutions.
In my column of March 25, 2012, I provided advice for individual professionals who are considering migration from Jamaica. In that article, I promised to examine the corporate perspective and highlight the ways in which companies waste the opportunities that are created when their employees migrate.
My bus was hit by a car last December. The driver and I exchanged details at the scene and reported the accident to the police. When I filed a report with the insurers of the third party I received a shock. The company said that the car had been reported stolen a few months before. A claim was filed which they had paid. Their records showed that the car was not insured with them when the accident took place. The cost of repairing the bus is J$3 million. What should I do to get compensation?
Finance Minister Dr Peter Phillips has picked his council of advisers, and the Cabinet signed off on his choices last week. The three members are former Financial Secretary Colin Bullock, Shirley Tyndall and economist Dennis Morrison.
FACES OF THE WEEK - The gutting of the budget for the Jamaica 50 celebrations, from an estimated J$3b to J$688m, seems to be a weighty issue to report on if you go by director of the Jamaica50 Secretariat Robert Bryan's expression as he provides a breakdown of the reduced spending plan to journalists on April 4.
Norman Wright, managing director of Perishables Jamaica Limited, is in the final stages of testing and is weeks away from placing a turmeric-based tea product on the market under its Tops herbal teas brand.
Pushing back at suggestions that top sellers of property are pricing assets out of the market's reach, Jason Rudd the CEO of Jamaican Redevelopment Foundation Inc, said his listings are based on current valuations.
Local investors have often approached investing with caution.This is reflected in the fact that they try to avoid risk, by weighting their portfolios more heavily toward investments where the potential for changes in the value of their principal of their asset is low and uncertainty of returns would not be an issue if the markets become more volatile.
