Jamaica Gleaner Business
Published: Monday Friday | November 27, 2009
Barita eyes pension fund market - $1.1b public offering to fund expansion
Veteran trading house Barita Investments Limited has announced its first foray into the equities market, saying it will be offering up 30 per cent of the company to new investors in a hunt for capital to fund its next big move - into pension funds.... Read More...
Salada ends dividend drought - Grows profit by raising prices
Making good on a promise in January, Salada Foods Jamaica Limited has declared dividend of 30 cents per share, and will pay out $31.17 million to shareholders on December 14.It breaks a two-decade drought on profit-sharing... Read More...
FCJ developing new factory space at Garmex
Factories Corporation of Jamaica (FCJ), citing new demand for warehousing and manufacturing space, is expanding the Garmex free zone and commercial complex in Kingston that once flourished as a base for textiles.That export business, however, "has died... Read More...
Fitch downgrades CAP - Says investors losing confidence in Jamaica
Fitch Ratings has down-graded state-owned Clarendon Alumina Production Limited (CAP), a day after it cut Jamaica's sovereign rating.CAP's foreign and local currency rating was dropped to 'CCC' from 'B-', with a negative outlook... Read More...
JPS to roll out J$20b investment programme - But power company says five-year plan curtailed by OUR
"We gave them enough of legitimate cost for a fair return on their investment and to ensure sustainability," he said.Johnson, while suggesting that the regulator's decision forced a radical scale back, was also quick to place on record what she said was... Read More...
Record $11.6b profit for Scotia
Scotia Group Jamaica Limited on Friday an-nounced profit of $11.6 billion, or $3.58 per share, reaffirming itself as king of profit, even in recession at year end, October 31, 2009.Its results beat that of close rival National Commercial Bank, which... Read More...
Claro favours portability
Claro Jamaica, one of the fastest-growing telecoms, but still third largest, says it favours mobile number portability, while acknowledging that the chief benefit to consumers - the ease of switching between networks - is more likely to hurt the rival... Read More...
Jamaica: fixable or failed state
The Economist, the publication with the look and feel of a magazine, but whose publishers prefer to call it a newspaper, published an article in its November 12th edition under the title "Gloomy Jamaica Unfixable? The burden of debt and crime... Read More...
Better marketing plan needed for coffee industry
Jamaican coffee has long been established as possessing all the attributes to make for the ultimately pleasurable drinking experience.In fact, long before it is consumed, one's appetite is superbly massaged by its stunning aroma ... Read More...
Finsac Enquiry - Omar on the defensive
In his seat at National Heroes Circle, Dr Omar Davies presided over a treasury that increasingly became burdened by debt, some of which is attributed to the $140-billion rescue of the financial sector. In prepared testimony presented to the Justice... Read More...
Movements
JUTC top job filled - The interim head of Jamaica Urban Transit Company (JUTC), Paul Abrahams, has been confirmed in the position, formally assuming the post of managing director with effect from November 2. Abrahams, 54, has been running the state-owned... Read More...
