Grace to run commercial bank

GRACE, KENNEDY & Company is expanding into running its own commercial bank and has signed a Memorandum of Understanding to buy the 51 per cent of Trafalgar Commercial Bank (TCB) shares it does not already own from Trafalgar Development Bank. Joe...

Rousseau faces C&WJ dissent

A NUMBER of shareholders tried to block the re-election of Patrick Rousseau as a director of Cable & Wireless Jamaica (C&WJ) yesterday, with one of them suggesting that as long as he was on the board small shareholders would be at a disadvantage..

Mega MoBay expansion
MONTEGO BAY will soon get its own Mega Mart shopping club. The Government said it has approved the $26.6M sale of some 16 acres of land in the Catherine Hall area of Montego Bay to a group of investors led by Gassan Azan of Bashco Trading Company...

$129m budget for OUR
THE PROPOSED 2000/2001 budget for the Office of Utilities Regulation (OUR) is $129 million, a 52 per cent increase over the $85.1 million the previous year. The budget came before Cabinet on Monday and, according to Information Minister Maxine...