$3b country club - Selective Homes chooses Negril for next venture
Developer Robert Cartade has selected Negril for his next real estate venture but is carefully scoping out the market before finalising the plans for what, at this stage, is a $3-billion estate with homes targeted at hotel executives, professionals and foreign buyers...
Jamaica to sell sugar to itself, as world prices climb
Jamaica, in response to changing market conditions, is pulling back from sugar exports this crop season, and is, instead, repositioning for a bigger share of the domestic market that has long relied on imports of the sweetener to satisfy local consumption...
OUR signals policy shift on portability - Says Jamaica running out of phone numbers
Mobile number portability was not, up to a few months ago, in the immediate plans of the Office of Utilities Regulations (OUR) but is now a priority issue, as Jamaica prepares to apply to the North American Numbering Plan (NANP) for a new batch of codes....
Scotia economist sees turnaround for Jamaicans next year
Dr Warren Jestin, chief economist and senior vice president of Scotiabank International, says the Jamaican economy could begin to see green shoots in a matter of months, as its super trading partners shrug off their recession, but said its recovery...
Capital and Credit Securities moves closer to parent
Capital and Credit Financial Group (CCFG) has relocated its securities trading subsidiary from Trafalgar Road to Grenada Way, beside the group's larger merchant banking operation in New Kingston. "It's a consolidation of Capital and Credit banking...
Hotel repairs more 'disruptive' than expected - Sandals Whitehouse opening delayed
Sandals Whitehouse, which was temporarily closed for upgrades in August, will miss its December 18 reopening date, as projected by operators, Sandals Resorts International (SRI). The hotel company said the repairs to the 360-room Westmoreland property...
Guardian takes big hit on UK business ❑ 'We are strong enough,' says insurance company ❑ Stock plunges on JSE
Regional insurance giant, Trinidad-based Guardian Holdings Limited (GHL) has suffered a massive loss of just over TT$715.5 million (J$10 billion) on its operations in in the third quarter to September this year, due primarily to the write-off of its loss-making British...
IMF funds not for budgetary support - Time to confront 'dire' economic problems
One of the interesting aspects of the public discussions about the process involved in reaching an agreement with the International Monetary Fund (IMF) for a US$1.2 billion two-year standby agreement, is that there seems to be an implicit assumption on the part ...
Obama meets Hu Jintao on home ground - Reality of economic basics prevail
It was predictable. United States president Barack Obama would visit with his counterpart, Hu Jintao at home, in China. They would issue separate statements rather than a joint communiqué. Trade and the economy would loom large while climate change, human rights...
Central bank or currency board: BOJ may have to change role
Public discussion has so far focused on the pros and cons of the dismissal of former Bank of Jamaica (BOJ) Governor Derick Latibeaudiere.I suggest that attention should now aim more at addressing the institution and its relevance to the critical...
Central bank expects added financial burden from CLICO fallout
Governor of the Central Bank of Trinidad and Tobago Ewart Williams sees losses to pensioners and policyholders and additional burdens on regional governments from the fallout of the CLICO and British American Insurance Company (BAICO) collapse, which he described...
Movements
Rex departs Mayberry, new research manager hired - Tania Waldron-Gooden has been promoted to senior manager, research and special projects, at Mayberry Investment Limited.Waldorn-Gooden, who has been with Mayberry Investment...