Jamaica Gleaner Business
Published: Monday Friday | February 5, 2010
IMF says yes - US$1.27b loan for Jamaica approved - US$950m fund for financial sector
THE INTERNATIONAL Monetary Fund (IMF) on Thursday approved a US$1.27-billion (SDR 820.5 million) standby lending facility for Jamaica, and pave the way for other multilaterals to pour in additional capital of up to US$1.1 billion... Read More...
Intralot buys 49.9%of SVL
THE CARIBBEAN subsidiary of Greek technology firm, Intralot SA, is now the single-largest shareholder in Supreme Ventures Limited (SVL), but the company has strategically confined its acquisition to 49.9 per cent of the gaming company, avoiding a takeover... Read More...
MoBay hotel selling rooms to raise cash
Constantine Hinds, owner of the Vista Ambassador Resort Spa, one of several Montego Bay hotel properties shuttered within the last decade, is making another bid to raise cash to rehabilitate the business by offering about half of the 110 rooms for sale... Read More...
Jamaica, China sign US$500m investment pact
THE GOVERNMENTS of Jamaica and China have signed agreements valued at more than US$500 million (J$4.5 billion) for road, housing and other projects, including the construction of a Chinese Garden at the Hope Botanic Gardens. Prime Minister Bruce Golding... Read More...
Dyoll liquidators sue Canadian reinsurer
THE JOINT liquidators of Dyoll Insurance Company Limited are suing Aon Benfield Canada, formerly Aon Re Canada, in Jamaica's Supreme Court for US$19.86 million, on allegations - denied by Aon - of negligence in its dealings as reinsurance broker... Read More...
JDX extended again for late applicants
THE FINANCE ministry said Wednesday that the Jamaican Government would continue to accept applications under the Jamaica Debt Exchange (JDX) programme up to the final settlement date on February 16. Interest accrued up to the settlement date will be... Read More...
BOJ governor should expect baptism of fire - Tough questions likely at first economic briefing
THE NEW governor can, therefore, expect to face questions on. Key areas of focus will include: the actions that have been taken under his watch in this regard, and the signals that have been sent to the market. Bank of Jamaica (BOJ) Governor Brian Wynter... Read More...
How to rebuild Haiti - Well-intentioned outsiders not enough
IN THE wake of the devastating earthquake, there has been an outpouring of international support for Haiti. The first priority has been saving lives. That means getting water, food, shelter, medicine and other basic supplies to victims... Read More...
This time, it's the Prius - Toyota probing brake design on hybrid - Posts US$1.7-billion profit in 4Q
TOYOTA MOTOR Corp returned to profit in the October-December quarter and raised its annual earnings forecast, but analysts warned of a grim outlook as a spreading safety crisis batters the automaker's reputation. The world's No. 1 automaker acknowledged design problems ... Read More...
