Private mortgage companies have stepped up foreclosures to secure clear title to mortgaged assets in settlement of bad loans, but the National Housing Trust (NHT) is refusing to go...
Thousands of life insurance policyholders of the defunct Bermuda branch of the British American Insurance Company (BAICO) will get back a maximum of 50 cents on the dollar of the value of their policies, according to the liquidator's agents.
HEART Trust/NTA has launched the first of its planned workforce colleges, which offer training and business incubator services with low rent facilities, equipment, and tuition assistance.
AGUALTA VALE, St Mary:DR CHRISTOPHER Tufton, minister of agriculture and fisheries, last week opened the Jamaica Producers Tropical Foods bammy factory in Agualta Vale, St Mary.
A new insurance facility, backed by regional donors, has been create for micro and small businesses in Haiti in the event of disruptions in commerce after a natural disaster...
Guardian Holdings Limited (GHL) rebounded from a loss position at the end of its last financial year ended December 31, 2010 reporting net profit of TT$425 million compared with the previous years when it had a net loss of TT$824 million.GHL, parent...
Cuba and partner companies will begin drilling five oil wells in the Gulf of Mexico this summer in hopes of locating enough crude to justify the costly exploration, an official said Tuesday."The prospects are very promising" of finding valuable...
The Inter-American Commission on Human Rights is urging Brazil's government to halt work on a massive hydroelectric dam in the heart of the Amazon rain forest until it deals with concerns of the region's residents.The commission's April 1 cautionary...
The St Kitts and Nevis government has added two tenors to its Treasury bill issues, citing investor demand.Starting May 17, the finance ministry will auction 182-day and 365-day treasurys, in addition to the current 91-day issue....
Norway has pledged to deposit US$40 million into a World Bank fund as part of an ongoing agreement to help Guyana preserve its lush Amazon rainforest.The South American country is being rewarded for maintaining very low rates of deforestation, lower...
THE EDITOR, Sir:The Financial Services Commission (FSC) writes to clarify the issues raised in the article titled 'FSC freezes credit risk weighting' published in the April 6, edition...
Oil prices rose above US$110 a barrel Thursday for the first time since September 2008 after another earthquake hit Japan and the European Central Bank, fearful of inflation, raised a key interest rate.Benchmark West Texas ...
Dr Christopher Tufton, minister of agriculture and fisheries, is yet to decide if he will be following through on the recommendations of Contractor General Greg Christie for an exhaustive audit into the financial affairs of the Sugar Company of Jamaica...
Kevin Hendrickson is prepared to pump another J$800 million into The Jamaica Pegasus hotel, to buy its old equipment and fixtures and upgrade the hotel plant over three years, but in return he wants a 25-year lease of...
The Organisation of Caribbean Utility Regulators (OOCUR) suggests there is a prospect of market failure arising from the acquisition of mobile telephone operator Claro Jamaica by rival Digicel Group and has called on regional governments to closely...
The Wisynco Group has announced a $600-million distribution deal with the restaurant chain Mother's Enterprises that will see the companies in a partnership for the next five years and facilitate expansion of the fast-food outlet...
LIME has officially added a fourth market to the Caribbean grouping, with the closure of the acquisition deal on Wednesday for the controlling stake in Bahamas Telecommuni-cations Company (BTC) by parent Cable and Wireless Communications Plc (CWC).CWC...
European Central Bank President Jean-Claude Trichet is saying Europe faces continuing inflation risks despite the economic difficulties in Portugal, Greece and Ireland.His comments Thursday came after the bank raised its key rate Thursday by a quarter...
Russia's UC Rusal has linked its planned re-opening of the Kikvine alumina plant in Manchester to being allowed to purchase the Jamaica government's 45 per cent stake in the Jamalco refinery in Naine, Clarendon, industry sources in London and Moscow...
Marubeni Corporation has sold a 40 per cent stake in Jamaica Public Service Company (JPS) to a South Korean energy outfit, giving up half of its holdings in the local utility in a deal that, on the face of it, mimics the transaction with former partner...
Abrahams quits Lascelles board - Jason Abrahams quit the board of directors of Lascelles deMercado and Company Limited, effective March 31, days before the annual general meeting held this week.
