Jamaica Gleaner Business
Published: Monday Friday | July 24, 2009
NHT to offer 40-year mortgages
The National Housing Trust (NHT) will lengthen the repayment period for its mortgages by a decade, to 40 years, as well as allow borrowers to carry their debt up to the age of 70 - a policy shift that will increase the number of people eligible for its loans and lower... Read More...
UC Rusal staying, says Broderick
Russian conglomerate UC Rusal will continue operating in Jamaica, minister of state in the Ministry of Energy and Mining, Laurence Broderick, told lawmakers Tuesday. The company had announced that its Jamaican operations would be shuttered for about a year... Read More...
No good offers for WIHCON property
For three years, West Indies Home Contractors (WIHCON) has had a 76,000-square foot commercial property at Newport West, Kingston, on the market but the construction and property company said this week it was still holding out for the right suitor.... Read More...
Real estate trending towards a 'buyers market' - Transactions down an estimated 30-40%
Nine months ago, the owners of real estate could name their price for rentals or sale, but now realtors say a weak economy has dampened demand, properties are staying on the market longer and buyers can, in some locations, cherry pick for bargains... Read More...
'Coffee farming not for weak-kneed amateurs'
Coffee dealers who want to sell their products under the Jamaica Blue Mountain or Jamaica High Mountain brands, must under new regulations enter into a trademark agreement with the Coffee Industry Board (CIB) for US$2,500 ... Read More...
Commentary - Push-starting the economy
My brother's first car was a clunker - an old, yellow Ford Anglia with its pretentious tail fins that could not be started with the ignition.You had to give it a shove. Then while it was rolling, jump in and 'punch" it - releasing the clutch ... Read More...
PepsiCo sales dip
Soft-drinks and snack maker PepsiCo's second-quarter profit and sales dropped slightly as consumers continued limiting their purchases of soft drinks but bought more snacks as the company promoted larger bags of chips. The Purchase, New York-based maker... Read More...
Goldman buys back bailout warrants
Goldman Sachs Group Inc said Wednesday it has repurchased warrants given to the United States Treasury under the Troubled Asset Relief Programme, for US$1.1 billion. The announcement came as lawmakers urged the Obama administration to ensure taxpayers... Read More...
Agri insurance scheme to be tested on Jamaican farms
The World Bank has come up with an outline of what an insurance scheme for farmers could look like, but the lending agency is cautioning that the document can by no means be defined as a blueprint, saying the findings of a prefeasibility study ... Read More...
Ford posts US$2.3 billion quarterly profit
Helped by a lightened debt load, Ford Motor Company posted a surprise second-quarter profit of US$2.3 billion Thursday, following the worst loss in company history a year earlier. Shares rose 10 per cent in afternoon trading... Read More...
