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Jamaica Gleaner Business
published: Wednesday | November 7, 2007

'Cash Plus bank accounts not closed' - VP denies 'vicious' rumours
Cash Plus Limited has placed advertisements in the daily newspapers denying rifts with its banks, calling the rumours "malicious falsehoods" perpetuated by vicious detractors. "At present, Cash Plus enjoys a very good relationship with its banks and continues to conduct its business...

Survey finds shortage of global construction talent

A new study has found that there is global shortage of construction professionals, and a top auditing and advisory firm is saying that large development projects in Jamaica are likely to experience a delay in execution as a result. Raymond Campbell, a partner of KPMG in Jamaica...

Life of Jamaica posts 3Q earnings record - Joins big banks with quarterly earnings above the $1 billion mark

Life of Jamaica has released record-breaking results for the quarter ending September 2007 that reported net profit that broke through the one billion-dollar mark in the three-month period. The insurance company reported net income of $1.2 billion in its third quarter ...

Guardian gains 3Q profit, loses CEO - Ganteaume named interim replacement for departing O'Brien

Regional insurance company Guardian Holdings Limited (GHL) continued to demonstrate renewed financial vigour in its third quarter, reporting net profit of TT$98.5 million pumped up by fair value gains of TT$66 million on its investments. This outurn, according to chairman,...

Cigarette Company transfers were 'sham' loans - judge

Revenue Court Judge Roy Anderson has labelled as 'a sham' the transfer of over two billion dollars booked as 'loans' by the Cigarette Company of Jamaica Limited, now defunct, to its parent company, Carreras Limited. Anderson made the observation last Wednesday...

Securities dealers say no to BoJ as sole regulator - But otherwise support proposal - Bankers also give thumbs up

The Jamaica Securities Dealers Association (JSDA) has come out in support of the proposal for a single financial regulator, but says the Bank of Jamaica (BoJ) is not the right entity for the job. The island's bankers also see merit in the suggestion, saying it would rid the system....

Six Dole banana workers win pesticide lawsuit - Sets precedent on legal jurisdiction over multinationals

A Los Angeles jury awarded US$3.3 million to six workers on Monday who claimed they were left sterile by a pesticide used at a banana plantation in Nicaragua operated by Dole Fresh Fruit Company, Company, the world's largest producer of fresh fruits and vegetables....

Oil hits record-high $97; US predicts winter crunch

Oil jumped more than $3 to a record high over US$97 per barrel Tuesday as the United States (U.S.) Government predicted robust demand and tight output from OPEC would lead to a supply crunch in consumer nations this winter. The falling U.S. dollar added to oil's gains...





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