Capital Solutions offering offshore banking service... Massias partners with Colorado bank... Minimum investment US$200,000
William Massias' firm Capital Solutions Limited (CSL) has partnered with a three-year-old private American bank to offer off-shore banking services to investors wanting tax havens for their funds, starting January.
How regional government spend
Jamaica is basically on par with its CARICOM partners on public spending as a proportion of gross domestic product (GDP), a Financial Gleaner assessment indicates. But while the major chunk of Jamaica's government spend goes to service...
Clarke won't represent bankers on PSOJ executive
resident and CEO of the Bank of Nova Scotia (Jamaica), William 'Bill' Clarke, who pulled the bank's membership from the Private Sector Organisation of Jamaica last week, says that he will not represent..
Stephen Vasciannie to chair new DB&G board
Dehring Bunting and Golding will continue to operate in the short term as a separate entity from its new parent Bank of Nova Scotia but the bank's senior executives said yesterday that the DB&G marquee...
Trelawny sugar assets out of divestment proposal
The Sugar Cane Enterprise Team (SET), the body handling the privatisation of the Sugar Company of Jamaica's assets, has withdrawn two of the sugar estates originally posted for divestment, reducing by half the 18,600 hectares....
No Trinidad LNG for Jamaica anytime soon
Jamaica should not bank on getting liquefied natural gas (LNG) supplies from Trinidad and Tobago anytime in the near future, energy officials have reaffirmed. There's no spare supplies in Port of Spain according to president...
Atlantic LNG says largest gas line ready
Trinidad's Atlantic LNG Company, which operates four natural gas processing trains, says a review has eliminated the possibility of structural faults on the largest line, clearing the way for it to begin producing...
Assessing what's wrong with the interest rate spread
New York's commercial banking was once characterised as the '3-6-3 business': borrow at three per cent, lend at six per cent, be on the golf course by 3:00 p.m. Borrow cheap at the low overnight rate - which is what depositors get - and lend dear...
Lacklustre Air Jamaica denied tax credits
Air Jamaica Limited has accumulated more than US$220 million of tax credits, which converts to more than $14 billion, but is denied the benefits because of its depressed financial performance.
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