Fixed income depository in 2008 - Central bank now in control of project
Livingston Morrison, deputy governor of the Bank of Jamaica, has taken charge of the project to build out a new electronic fixed-income depository and settlement system for investment securities, similar to that established for stock certificates and transactions.
Air Jamaica discounts fares to cut inventory - Lovebird eSavers offers cheap travel weekly
Air Jamaica has been selling cheap airline seats via the Internet, ranging as low as US$59 one-way for flights into North America, but the national carrier said last week that the discounts should not be seen as a market repositioning. Air Jamaica said the discounted tickets...
British Airways resumes flights to Trinidad
British Airways resumed direct flights to Trinidad this week for the first time in 13 years under a code share agreement with the newly formed Caribbean Airlines. The agreement, which was signed in November last year, also means that Caribbean Airlines, which replaced...
GraceKennedy acquisition financed by US$46 million loan from FCIB
GraceKennedy's United Kingdom acquisition of WT Holdings Group Limited (WT Foods) was financed by a US$46 million loan arranged by FirstCaribbean Capital Markets and fully underwritten by FirstCaribbean International Bank of Jamaica ...
Bernal urges new private sector mindset on global contest - Protectionist fight ahead with Europe over services
A new trade pact with Europe will likely emerge by year end, given progress on the negotiations, says top regional expert Ambassador Richard Bernal.But the true test of whether the final CARIFORUM-European Union pact will bring the region any market advantage...
Jamaica Producers' Honduras farms a US$2m investment
Jamaica Producers Group (JPG) has invested more than US$2 million in banana Honduras, saying its farmlands there are spread across some 500 acres.Divisional Director of Jamaica Producers, Jeffrey Hall, said the operation represents about 20 per cent of the production capacity...
Reparations yes, but how much?
Just three years ago my comment to a colleague at the University of the West Indies (UWI) that I was looking at thorny financial and economic aspects of reparations for New World slavery elicited this remark: 'Persaud, why don't you do something...'
Barbados reports success with 'branded' sugar products - Considers giving up EU raw export quota
Agriculture Minister Senator Erskine Griffith says Barbados is reaping success with its specialty sugars on the international market.He said demand in the United Kingdom for two branded sugars which were placed on the market last year far outstripped initial expectations...
IMF projects 4.5% growth for St Kitts and Nevis
The International Monetary Fund (IMF) says despite the lockdown of the sugar industry in St. Kitts-Nevis, economic growth in the twin-island federation has accelerated. The St. Kitts economy recorded its third consecutive year of strong growth in 2006...
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