C&W's show of strength
In a significant show of support for Rodney Davis and his efforts to claw back market share in Jamaica, the parent company of Cable & Wireless Jamaica flew its top executives to Kingston this week for meetings of the boards...
Jamaica's electricity charges regionally competitive
The price Jamaican consumers pay for electricity is the mid range of the cost of the utility in other Caribbean markets, recent surveys suggest. But the rates here would likely be substantially cheaper if the local light and power company..
Singh remains head of Courts Jamaica - Mario Guerrero named Caribbean corporate boss
Hayden Singh will remain as head of Courts Jamaica Limited, reliable sources tell the Financial Gleaner, as the furniture maker began its exit from the stock market. Courts executive Dennis Harris, newly appointed as regional finance...
Six buyers shortlisted for JPS - Ranked 7th cheapest of electricity providers
Mirant Corp has whittled down interested bids to six, with half a year left to its July deadline to wind up the sale of its 80 per cent stake in Jamaica Public Service Company (JPS). "Mirant has shortlisted six serious bidders...
Treasury bill yield falls 9% in a year
Heavy demand for two new Treasury Bills auctioned Monday saw a drop in yield on price, signaling that Jamaican investors are still willing to be led by the central bank towards lower interest rates.
Remittance flows boost BOP
An 11 per cent increase in remittances for the month of September year-on-year has helped boost Jamaica's trade balance, narrowing the deficit on the current account by US$3.6 billion, the central bank reported this week...
Venezuela, Cuba to sign 'no-cost' travel deal for poor tourists
CARACAS, Venezuela (AP): The government of President Hugo Chavez plans to sign an agreement with Cuba to send at least 100,000 poor Venezuelans to the communist-led island for no-cost vacations, an official said Wednesday.
National Housing Trust to raise financing overseas
The National Housing Trust (NHT) is hiring overseas consultants to raise financing internationally, and is awaiting Cabinet's approval of its plan to press ahead with the arrangements. Already, the National Contracts Commission has endorsed...
Jamaica, donors devising 'mutual' system of tracking aid flows
The European Union yesterday signalled it would be giving Jamaica greater budgetary support going forward at a workshop to develop a framework for tracking the timeliness of approved aid flows from donors and measuring the economic returns...
OP-ED SECTION - Cost overruns versus social and economic infrastructure
A friend versed in the arts but not economics and treasury bills remarked to me: "I didn't realise I knew anybody who had $40 million." Revelation came in discussing bank accommodations and credit with her friends.
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