'No plan to sell my NCB shares' - Lee Chin to hold stake at 62 per cent, Declaration suggests financial stability
Having already sold more than 10 per cent of his stake of in National Commercial Bank (NCB), Michael Lee Chin says he has no plans to further dilute his position in the bank and may, in fact, even rebuild his portfolio.
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Energy policy ready
Prime Minister Bruce Golding expects to receive an updated enrgy policy this week and plans to shortly lay the document in Parliament."The energy policy is ready and will be in front of Cabinet and Parliament," Golding said town-hall meeting in May Pen...
Taken for a ride on my universal life policy?
Question: In December 1990, I purchased a universal life policy. The salesperson told me that it would generate positive unit growth. My agent performed a questionable transaction.
Golding backs manufacturing
Prime Minister Bruce Golding has declared his faith in future of manufacturing in Jamaica and says that there are areas in which producers here can compete with China's industrial juggernaut."I have always been a believer in the manufacturing sector,"...
Banks in 'wait-and-see' mode over rates
Under pressure from the Government, opposition politicians and vocal clients to slash lending rates in line with recent central bank cuts in benchmark rates, the island's commercial banks are for the most part adopting a...
Does sharing a home mean combining your incomes? Money advice for couples
When a couple decides to live together a lot of difficult decisions often present themselves, not least of which is whether sharing a home should extend to combining incomes.And, if they keep their money separately, there are the...
EU to pay for sugar revamping
The Editor, Sir: Re: Supplementary Estimates: Financial Year 2009/10Arising from your front-page article in the Financial Gleaner of September 25, it might be construed that the Government of Jamaica has allocated its own resources to finance the...
IMF and J'can recession policies, or is it politics?
As the PNP described current efforts to forge an acceptable plan for agreement with the IMF for a US$1.2-billion standby agreement as 'bungling', party president Simpson Miller said to the 71st conference of her party: "It is now an open secret that the...
Take this with you! Essential guide for that meeting with your bank
It is like a persistent echo - this complaint that small businesses are, too often, ill-prepared when they head for their banks to apply for loans.Maxia Fairweather, business development manager, has been...
Supplementary budget tabled - Now for Shaw to provide the details
A weekly round-up of the markets with Paula Brown.On Tuesday, Finance Minister Audley Shaw, tabled the estimates for the supplementary budget which revealed plans to increase expenditure by $6.34b for 2009/2010.
G-20 widens role for Asia, Latin America
PITTSBURGH (AP): The Group of 20 approved a greater voice for Asian and Latin American countries in a historic shift that recognises the rising influence of both regions.The leaders of the world's 20 largest economies were attending a two-day meeting...
European recovery gathers steam
PARIS (AP): When the recession hit last year, European governments were at odds over how to coordinate their fight against the global crisis.
Cadbury still cold to Kraft's offer
LONDON (AP): Candy maker Cadbury PLC said Friday that the $16.7 billion takeover offer from Kraft Foods Inc does not make "strategic or financial sense," rejecting media reports that its CEO had said otherwise.