Jamaica Gleaner Business
Published: Monday Wednesday | February 18, 2009
Pay fight at Sagicor - Fixed salaries to make way for performance-based strategies
Sagicor Life Jamaica is introducing a new 'pay for performance' compensation scheme that will not only revloutionise the fixed-salary system, but also form the basis on which the company will eliminate staff in a tough year. The plan is already raising hackles in the company... Read More...
Sagicor Cayman strikes deal with Guardian
Sagicor Jamaica said Tuesday that its Cayman subsidiary has acquired Guardian Life's individual life insurance business within that market.Sagicor Jamaica's chief financial officer Ivan Carter said ... Read More...
Smash-me-Bernie a hit
Mad at disgraced investor Bernard Madoff? There's a toy just for you.One of the vendors at this week's Toy Fair is offering the 'Smash-Me Bernie', a US$99.95 Madoff look-alike doll that wears a devil-red suit and carries a pitchfork. Read More...
Casserly lands new contracts, leases new space - Expansion to create 1,000 jobs
Offshore call centre operator, e-Services Group Limited, acquired another 45,000 square feet of floor space in Newport West in Kingston under a lease agreement with the Port Authority of Jamaica. But the plans outlined by chief executive officer Patrick Casserly... Read More...
Broilers has backup plan - Far East, Europe potential ethanol markets
Jamaica Broilers Group will turn to Europe and Asia for markets for its fuel grade ethanol were the United States to adjust trade terms with the region and curtail preferential access. It is not, however, a preferred option... Read More...
Chris Bovell retires from DunnCox - New senior partner named
For more than four decades, Christopher David Rhys Bovell has been a partner at DunnCox, attorneys-at-law, but he has now stepped down from the firm and its daily tussle of corporate law.Bovell, 70, resigned a month and a half... Read More...
Petrojam Ethanol stands alone
Petrojam Ethanol Limited will remain a sweetner in the sugar divestment package that is weighted down by loss-making assets.The new deadline for bids is March 13.Investors may bid for the assets en bloc or in part, but the sugar negotiating team will... Read More...
Michael Misick bows to pressure
Jet-setting Prime Minister Michael Misick said Friday he will step down as leader of the Turks and Caicos Islands at the end of March, citing a lack of support for his scandal-plagued government.The surprise announcement came hours after the deputy prime minister resigned ... Read More...
Trump casinos file for bankruptcy
The three Atlantic City casinos once run by Donald Trump filed for Chapter 11 bankruptcy protection on Tuesday - for the third time. Trump Entertainment Resorts made the filing in US Bankruptcy Court in Camden, New Jersey, four days after the real estate... Read More...
Japan finance chief quits over alleged drunkenness
Japan's finance minister abruptly resigned Tuesday over allegations he made a drunken appearance at a G-7 news conference, shaking Prime Minister Taro Aso's already deeply unpopular government. The resignation was a huge embarrassment for Aso - who has... Read More...
