Jamaica Gleaner Business

Published: Monday Friday | April 17, 2009

80% can't afford NHT mortgage - But agency doubles housing starts, spending record $22b this year
The National Housing Trust (NHT) is pouring substantially more billions into housing this year, using a portion of the investment to launch close to five thousand new housing starts in a bid to fill what is now seen as a void in the market as developers retreat... Read More...

Heaven launches into real estate
Gas dealer Trevor Heaven is testing his prowess in real estate with a residential development of 14 townhouses, which he has put on the market in Mandeville, Manchester. Heaven, who is using his 24 year-old company TM&T Associates to do the development ... Read More...

Perkins takes control of asset management unit
Pan Caribbean Financial Services has opted not to recruit a new head of its asset management division immediately, having lost Steven Gooden to a rival brokerage earlier this year. Instead Pan Caribbean chief Donovan Perkins has stepped into the breach... Read More...

Private exchange at public hearing clouds debt crisis - Lawmakers nitpick over OPM budget, ignore big-spending FinMin
Despite the symbolism of Prime Minister Bruce Golding and other members of Parliament taking a pay cut, and the unilateral decision by Government to institute a freeze on public sector wages, these all fade in comparison to the overhang of the country's current debt position.... Read More...

Obama preaches partnership
Add this tough chore to United States president Barack Obama's journey to Latin America: convincing leaders from half the globe that the behemoth power to the north is a humble, eager partner.Obama's priority list for the trip that began Thursday is stacked with matters ... Read More...

Excel brokerage outsources to Sagicor
Excel Insurance Brokers, hoping to leverage business for the smaller entity by partnering with a company with a higher profile, has outsourced the management and administration of its business to another brokerage, Sagicor Insurance Brokers... Read More...

'Debt the new slavery, Customs the cure' - Walker vows to collect more taxes, signals staff shake-up
Paying taxes has long been sold as a patriotic duty, but Commissioner of Customs Danville Walker has put a new spin on why he is intent on grabbing every dollar of revenue due from cross border trade. He is on a mission to unshackle the nation from indebtedness... Read More...

The road to 2030 pivots on ease of doing business
Jamaica hopes to switch from the ranks of developing to developed country status by 2030. A perusal of the World Bank/IFC Doing Business 2009 study highlights how intertwined public administration, law, and economic success are, and gives an interesting picture... Read More...