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Jamaica Gleaner Business
published: Wednesday | June 4, 2008

Sagicor sees tough year ahead - Reports 'strong' first quarter, but expects other periods to be challenging
Financial conglomerate Sagicor Group continues to grow by acquisition, snapping up the Caribbean insurance portfolio of Industrial Alliance Insurance and Financial Services Inc, which writes policies in Curaçao and Aruba. The deal, finalised in the March quarter...

Defective meters to go - NWC to install 100,000 new units in two years

The National Water Commission (NWC) estimates that only two-thirds of its customers have well-functioning meters, but in two years hopes to take the numbers within the standard set by its regulator. Under a $400 million programme, the NWC has begun installing ...

First the tour, then a plan - Walker promises to fix Customs

Newly appointed Commissioner of Customs, Danville Walker, has dropped into his new post with a promise to tackle the problems of undervaluing or fraud that government officials estimate denies the treasury tens of billions of dollars annually...

Scotia to build houses with pension funds

Scotia Group Jamaica is about to venture into real estate development with the planned transformation of a 12-acre property located in a high-end neighbourhood in St Andrew, into residential housing. But the bank is keeping mum on the details of the investment ...

Preliminary talks agreed in CaribCan courting ritual

Canada and Caricom have now agreed a new timetable for preliminary meetings, starting June, that are meant to establish the negotiating schedule on a new bilateral trade deal to replace CaribCan. But the parties are expected to remain on their respective home soil...

A smarter response to food inflation

As families in Latin America and the Caribbean see a growing slice of their income disappear at the grocery store, the region risks erasing a whole decade worth of social progress.Food budgets are being hit hard, with rice doubling in price between January 2006 and March 2008...

Caribbean's financial system not ready for 'prime time', says Davies

Jamaica's opposition spokesman on Finance Dr Omar Davies said the Caribbean's financial system is not ready to stand as equal with the best in the world, but suggests that focused and coordinated action can take it there in the medium term...

Hurdles on the road to a regional exchange

The regional stock market experiment has so far had limited success, Jamaica's former finance minister, Dr Omar Davies, has said, raising doubt on whether the idea of a single institution, with the existing national entities becoming subsidiaries...

Emerging economies slam new United States farm subsidy bill

Brazil, India and other developing countries said the new United States farm bill will be an obstacle to global trade talks aimed at lifting millions worldwide out of poverty. A group of 20 developing nations, including China, Mexico and Argentina,...

Build a safe future by expanding your network

Regional professionals still have a tendency to build professional networks, which stop where the water starts. In other words, most of us have few, if any, trusted colleagues living in other countries in the region...





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