Jamaica Gleaner Business

Published: Monday Friday | December 11, 2009

Lok Jack outlines - Guardian's recovery plan
Guardian Holdings Limited (GHL) has targeted TT$100 million of cuts to operating expenses, while growing revenues, to recover lost ground from the write-off of its loss-making British motor insurance subsidiary, Zenith... Read More...

Latinos land fibre optic cable licence - OUR has two more on offer
Mark Titus, Business ReporterPrime Minister Bruce Golding has signed off on the licence to Telecomunicaciones Gran Caribe (TGC), a state-run Venezuelan/Cuban consortium, for a US$70 million fibre optic cable to carry tele-communications traffic between ... Read More...

Remittance companies jockey for holiday inflows - GraceKennedy opens money windows at Rapid TrueValue
With cross-border money transfers in decline, remittance com-panies have been positioning for the business that tends to increase during the Christmas season through aggressive promotions, trumpeting the convenience of cash, but some have gone a step further ... Read More...

Mixed views on Barita IPO
Analysts are split on whether Barita is a good buy for investors, days into the company's initial public offering of ordinary and preference shares, but more favour it as a buy.NCB Capital Markets, however, says the offer is overvalued.... Read More...

Matalon lowers prices on luxury homes - Top-end real estate market still in flux
Matalon Homes Limited has shaved US$65,000 (J$5.8 million) off its originally announced prices for the new Coco Palm townhouses, saying it is sharing savings from foreign exchange gains with buyers. But, the offer of a special price ... Read More...

Chilled juice rivalry heats up
Chilled premium juices are under assault from rivals whose 'juice drinks' are cheaper, and gaining ground in the beverage market. But, Trade Winds Citrus Limited, makers of Tru Juice, are attempting a pushback, even as it tries to contain... Read More...

Fixated on growth, thrill of bigger profits
Richard Byles admits to an insatiable appetite for bigger profits and growing Sagicor Life Jamaica Limited (SLJ) into an even more successful financial powerhouse. He prefers, too, to operate on the big stage of leading what he says is one of the country's... Read More...

Commentary - FINSAC enquiry toothless and tame
During the Financial Sector Adjustment Company's (FINSAC) life, Parliament established a committee to consider causes of Jamaica's indigenous financial services meltdown. Writing purely from memory, dates are fuzzy. I recall, however, that along with two colleagues... Read More...

Letter - JCC and the Belgian trade mission
Further to an article published in The Gleaner of Wednesday, December 9, head-lined 'Belgians position as trade hub for Jamaica in Europe', it should be noted that the Jamaica Chamber of Commerce (JCC) was approached by the Belgian Embassy ... Read More...

Jamaica going after new oil explorers - 19 blocks up for grabs in 2010 bid round
Dr Raymond Wright, consultant at the Petroleum Corporation of Jamaica (PCJ), believes confidence and optimism is returning to the global energy industry, and that Jamaica's new oil exploration bid round on 19 offshore blocks in open acreage ... Read More...