NHT's $24b housing plan - $7.8B to fund 2,000 new homes this year

THE GOVERNMENT-OWNED National Housing Trust (NHT) plans to spend some $24 billion in the 2010-2011 financial year starting in April to provide housing solutions and other benefits for its contributors, including a projected $7.8 billion expenditure on 2,000 new homes....

JMMB's profit slides

Listed investment and finance house Jamaica Money Market Brokers Limited (JMMB) continues to experience a sizeable year-on-year profit fall-off even as the company is pointing to a $81-million or 39.5 per...

PIOJ says economic lag continues - But farm sector still recording growth

The country's economic performance monitor, the Planning Institute of Jamaica (PIOJ), yesterday reported that the Jamaican economy continues to contract with real gross domestic product (GDP) falling 2.5 per cent between October and December 2009 quarte...

Grace reports robust 2009 growth

Listed conglomerate GraceKennedy is reporting brisk profit growth for the 12 months ending December 2009, finishing the period with a net profit of $2.7 billion, $709.5 million of which was garnered in the fourth quarter.

Born out of sugar, kept alive by Italian deal

The year 1938 is significant for Frome, Westmoreland, not only because it was the year worker unrest started on a sugar estate in that western area of the country, fomented...

JN hoping for more growth in 2010

Jamaica National Building Society (JN) is hoping to see a growth in several of its markets this year, particularly in remittances, its boss, Earl Jarrett, has said. During a recent...

Regional corporation pushes into Jamaican market

Trinidad-based conglomerate Ansa McAl, which lists its assets at more than US$1 billion or J$89.75 billion, is seeking to broaden its presence as part of its latest profit push, enlisting local building mate-rial suppliers, Quality Dealers Group...

Canada tightens mortgage lending rules

TORONTO (AP):Canada is tightening mortgage lending rules as historic low rates are raising fears of a potential housing bubble, the country's finance minister said Tuesday.Finance Minister Jim Flaherty said there is no compelling evidence of a bubble...

Antiguan gov't to shed state-owned entities

ST JOHN'S Antigua (CMC):The Antigua and Barbuda government has signalled its intention to shed state-owned entities, with the signing of a deal for an international broker to lead the process to divest State Insurance Corporation (SIC).The Baldwin...

Victims of alleged Stanford scam file suit

SAN JUAN, Puerto Rico (AP):Victims of the global fraud alleg Allen Stanford have filed a class-action lawsuit against the Eastern Caribbean Central Bank, five regional financial institutions and the government of Antigua and Barbudaedly run by fallen financier R.

Biden says stimulus good for Michigan, rest of US

UNIVERSITY CENTER, Michigan (AP):The year-old federal Recovery Act that has pumped billions in stimulus dollars into economically devastated states such as Michigan is working well, Vice President Joe...

You are bonded

IF you have received a scholarship to complete career training, you might have been bonded to work in the island for a number of years.The bonding policy of the Government of Jamaica applies to those who have received assistance through the Government...

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