Jamaica Gleaner Business
Published: Monday Friday | April 3, 2009
Air policy rift
Suggestive of a split in domestic air policy and a clash of portfolios, Transport Minister Michael Henry scolded Airports Authority of Jamaica (AAJ) boss, Earl Richards, saying comments he made to this newspaper were counter to the direction his ministry had chosen... Read More...
KFC to roll out new stores - Old Harbour restaurant creates 51 jobs
Restaurants Jamaica (ROJ) has identified two new locations for KFC stores, but Chief Executive Officer Mark Myers says it's likely that only one project will be rolled out this year."There are still markets we are not tapping into, and others that are underserved... Read More...
Alpart job cuts to cost $2 billion - PM seeking cheap energy for Jamalco
Alpart will pay out US$25 million (J$2.2 billion) to some 900 to 1,000 bauxite workers whose jobs are being cut as the company and others in the industry ramp down production, says Prime Minister Bruce Golding who has been monitoring developments... Read More...
BoJ mulls adjustment to cash reserve policy, says JMA
Bank of Jamaica (BoJ) governor Derick Latibeaudiere has signalled that he might bend on policy with a half a percentage point cut in the reserve of cash that bankers are required to park at the BoJ, if the banks are willing to compromise by cutting loan rates... Read More...
Tile City contracts - Home supply sales fall amid building downturn
Tile City and Home Centre has locked down its store on the top end of Red Hills Road in Kingston, home to several construction supplies companies. But manager Marcus Hickey, says Tile City which sells power tools, tiles and other finishing products including ceiling fans... Read More...
Flow sale advanced, Lee Chin tells creditors - NCB Towers added to pledged NCB shares
Billionaire investor, Michael Chin, on Wednesday told more than 100 anxious Jamaican investors holding promissory notes from his AIC Barbados Limited, that a deal is close for sale of the Barbados-based fibre optic cable business, Columbus Communications Inc.... Read More...
Successions in insurance: New roles for Levy, Chung, Goldsmith
Leslie Chung, who has worked at British Caribbean Insurance Company Limited (BCIC) for close to two decades, has now stepped down from the job as managing director, and moved into a new role as deputy chairman of the Matalon-controlled company... Read More...
Cremin leaves JMMB, Imani steps in
Imani Duncan-Waite is now in charge of marketing at Jamaica Money Market Brokers, replacing Marguerite Cremin who departed the company at the end of March.
Duncan-Waite, the half sister to JMMB chief executive officer Keith Duncan... Read More...
Leadership transition at HEART Trust
Paulette Dunn-Smith, a senior director in charge of the National Council on Technical Vocational Education and Training, is now acting as executive director of the HEART/Trust NTA.She steps in to replace Donald Foster ... Read More...
Wehby heading back to GraceKennedy
Senator Don Wehby is quitting government and heading back to Grace-Kennedy by yearend, impeccable sources tell the Financial Gleaner. Our source who spoke on condition of anonymity said Wehby was not prepared to extend his two-year assignment working... Read More...
Redirecting the budget debate
Private sector leaders would like to focus attention in the budget debate on public sector wage adjustments and tax cuts, but little interest in taking a detailed look at the composition and maturity structure of Jamaica's public debt... Read More...
COK relaunches poor performing credit card at cheaper rate
COK Cooperative Credit Union in March executed a soft relaunch of its credit card - offered in partnership with RBTT bank - a product which COK says its membership of 213,000 has not taken up as enthusiastically as the company would like... Read More...
Rusal negotiates US$2b debt-equity swap
UC Rusal, the world's largest aluminum producer, has secured an agreement with the Onexim Group, controlled by Russian tycoon, Mikhail Prokhorov, to restructure US$2.8 billion of its outstanding debt, the Financial Times reported on March 22.... Read More...
