The local Junior Stock Exchange offered the highest index gain in the world in 2011 based on Financial Gleaner analysis of global stock performances in a period dominated by global declines.Concurrently, the main index...
The cocoa sector is seen as poised for growth based on ramped-up government support and interest from overseas processors."We are the finest flavour in the world and we have been having many enquiries from around the world from processors...
Stock indices were flat Wednesday after a big gain to open the trading year.Specialty stores such as Bed Bath & Beyond rose after a report that mall shopping was strong in the days after Christmas...
Europe won modest respite from its debt crisis Wednesday, as Germany and Portugal borrowed with relative ease ahead of a hazard-filled few weeks for the 17 nations that use the euro.But Greece's new prime minister warned that his debt-crippled country...
Caricom stocks enjoyed a solid year in 2011, as 2,218,769,308 shares valued at US$498,595,783 crossed the floors of the six stock exchanges across Caricom. For the year, 84 stocks advanced, 36 declined and 6...
Oil prices soared Tuesday as tensions grew over key Persian Gulf oil shipments.In midday trading, benchmark crude jumped US$3.55, or 3.6 per cent, to US$102.38 per barrel in New York.
FirstCaribbean International Bank Jamaica (FCIBJ), in its last report to the market, said there was a steep drop in yearly profit to J$157 million, its worst performance in close to a decade.The stock was redeemed at J$13.25 per share and delisted...
Jamaican loans unserviced for three months or more totalled J$28.9 billion at September 2011, reflecting a 46 per cent annual increase, Bank of Jamaica (BOJ) data indicate. The stark rise in non-performing loans (NPLs) came at a time when banks...
Credit card rewards are the new social currency. Citibank customers can now use Facebook to pool their rewards points online. The bank on Tuesday launched a Facebook application that lets users team up to use their points, whether it's for charity...
Connected parties to National Commercial Bank of Jamaica (NCBJ) sold some J$660 million worth of the bank's shares in two transactions over a fortnight. It's the largest sale of NCBJ shares by connected parties in nine months.Analysts declined...
CARICOM Chairman Desi Bouterse has called on the region to make 2012 a year of change.Bouterse, who is also the president of Dutch-speaking Suriname, said that "by changing the way we do things, this community will be a changed one - for the better...
Rating agencies Fitch and Moody's individually maintained Jamaica's sovereign debt rating at just below investment grade in their year-end Latin America review.The reviews were issued days ahead of the December 29 polls.Moody's indicated that a positive...
The Antigua and Barbuda government says it will acquire property owned by the company of former financier, Allen Stanford, as it seeks to construct a new terminal at the VC Bird International Airport...
Trinidad & Tobago has become the leading regional exporter to the United States (US) under the Caribbean Basin Initiative (CBI), displacing the Dominican Republic...
In midday trading, benchmark crude jumped US$3.55, or 3.6 per cent, to US$102.38 per barrel in New York.Brent crude, which is used to price foreign oil varieties that are imported by US refineries, rose US$3.26, or three per cent, to US$110.64 per...
Supreme Ventures Limited (SVL) surrendered its cambio licence on Wednesday, formally bringing an end to its trading in foreign currency after reaching an agreement to sell its business to Lasco Financial in November for some J$40 million...
COMMUNITY PROJECTS valued at more than $100 million have been facilitated by the Social Development Commission (SDC) since January last year."We have trained over 125 community groups in the art of project development and project writing, and this has...
FALMOUTH, Trelawny: FALMOUTH TAX office will today begin operating from a new location.The move to the new location became necessary due to continuing growth and expansion of Falmouth and surrounding communities...
NEW YORK (AP):THE STOCK market ended a tumultuous year right where it started.In the final tally, despite big climbs and falls, unexpected blows and surprising triumphs, all the hullabaloo proved for naught...
As persons across the country welcomed the new year last Saturday night, hundreds gathered on the waterfront in downtown Kingston to witness the booming fireworks display which kick-started the nation's 50th anniversary...
With an unemployment rate of 12.3 per cent and periods of economic instability, many of Jamaica's young people find themselves with college degrees, a mountain of student loan debt and no job. Alternatively, others find themselves underemployed or trapped in dead-end jobs with no alternative source of income.
For many Jamaicans, just the thought of lowering their electricity bill is enough to bring on a broad smile. Now imagine having the ability to not only pay zero on your electricity bill, but also be able to sell excess energy back to the public electricity grid.
The Betting Gaming and Lotteries Commission (BGLC) has lifted an eight-year ban on the licensing of gaming lounges for shops with 20 to 150 gaming machines, saying the state needs the cash that the licensing fees will generate.
I am a New Zealand citizen who wishes to invest in mutual or similar funds in Jamaica or neighbouring countries. I will prefer ones in equities and denominated in the local currency rather than USD or euro, etc. I can supply identification documents and have funds waiting in a leading European bank to invest. I am experienced in investing in mutual funds around the world.
