VM Wealth Management says it successfully arranged the placement of a secured variable interest rate mortgage note of five-year tenor for J$800 million on behalf of AIC Jamaica Limited...
Patrick Thelwell, general manager of the Jamaica Mortgage Bank (JMB), is moving to liquidate assets of debtors whose accounts are in default, to help eliminate J$313 million of losses...
The Government of Jamaica plans to amend the financial laws to combat Ponzi schemes Finance Minister Audley Shaw told lawmakers on Tuesday.Shaw said that amendments would be made to the Securities Act and the Financial Institutions Act, to combat...
The disposal of Thermo-Plastics Jamaica was delayed at least three times on the request of FINSAC Limited which wanted to give a state-owned investment bank the opportunity to compete for the asset, according to testimony by former receiver Richard...
Marathon Oil will spend $3.5 billion in cash to snap up oil and natural gas fields in Texas as the company boosts exploration and production in a highly targeted and energy-rich region.
The massive Belo Monte hydroelectric dam in the heart of the Amazon rain forest won approval from Brazil's environmental protection agency on Wednesday, clearing the way for construction of a project fiercely opposed by environmentalists, indigenous activists and celebrities including film director James Cameron and rock star Sting.
The Obama administration said Wednesday that the government will lose about US$14 billion in taxpayer funds from the bailout of the United States auto industry.
THE HEADS of two of the country's most influential private-sector lobbies have thrown their support behind a call for the full list of subcontractors engaged in the Jamaica Development Infrastructure Programme (JDIP) to be made public....
A delegation from the Caribbean Tourism Organization (CTO) has held talks with officials from the Florida Caribbean Cruise Association (FCCA) on the repositioning of cruise ships from the region.A statement issued by the Barbados-based CTO, said that...
University of Technology Jamaica has renamed its entrepreneurial school in honour of Joan Duncan, pioneer of money-market trading and founder of Jamaica Money Market Brokers Limited.
Tourist attraction company Dolphin Cove Limited, says it is exploring entry to new markets in the Caribbean, even as the build-out of the Jamaican parks continue."We are keeping our eyes open overseas," said Stafford...
The Jamaica Civil Aviation Authority (JCAA) said Monday there is nothing unusual in the processing of the application for permission to fly into the country by low-cost carrier REDjet.
Stocks ended the week of May 23 to May 27 higher as 38,380,736 shares, valued at $12,100,732, crossed the floors of the six stock exchanges across Caricom, with 54 stocks advancing, 18 declining and 50 remaining unchanged....
Digicel Group said Monday that the glitch on the merger application in El Savador has been cleared, and was confident of the deal's approval.The Irish company's business in El Salvador and neighbouring Honduras is part of an exchange deal between Claro...
Grenada's Prime Minister Tillman Thomas believes that one of the reasons for the lack of implementation of decisions within CARICOM is the fact that there is no legal basis for member...
Richard Downer, former receiver/ manager for Thermo-Plastics Jamaica and its subsidiary, Plas Pak, says receivership fees were assessed at J$111 million, but denies that either PricewaterhouseCoopers (PwC),...
Toady we complete our series on when to sell a stock. We grouped the reasons for selling a stock into two categories, personal reasons and market-related reasons...
Your job-hunting prospects, career progress, income, reputation and business relationships are too important to take chances with.That's why you'll find this revealing follow-up column on email etiquette highly...
Soaring food prices are forcing many Venezuelans to change their eating habits, trim their shopping lists and set aside more of their earnings to feed their families. The oil-exporting country is coping with one of the highest inflation rates...
Regulators approved Wal-Mart's 17 billion rand (about US$2.4 billion) bid to buy a controlling share of a South African chain in a ruling Tuesday that followed a fierce debate over protectionism in the country with the continent's most promising...
Mayer Matalon has resigned his seat on the board of two Scotiabank companies after 45 years as a director with the banking group.He became a director of Bank of Nova Scotia Jamaica on December 15, 1966 and was deputy chairman for most of his tenure...
Jamaican doctors Collie Miller and Winston F.B. Clarke and the Clarke family have teamed up in a new business, Exec Direct Aviation Services Limited (EDA), an all-cargo airline that will be offering service between Jamaica and Curaçao...
Commissioners presiding over the enquiry into the financial sector meltdown of the 1990s have ruled against a request that former Prime Minister P.J. Patterson be subpoenaed as a witness...
Thousands of government supporters jammed into a plaza Sunday to protest United States sanctions against Venezuela's state oil company. Chavez backers marched from several points throughout the capital and converged on a downtown plaza...
French Finance Minister Christine Lagarde was in Brazil on Monday to kick off a global tour promoting her candidacy to head the International Monetary Fund.Lagarde has emerged as the odds-on favourite for the job...
