Claro owner now world's richest man

Mexican telecom tycoon Carlos Slim Helú, owner of América Móvil and Claro, has overtaken Bill Gates and is the first man from a developing nation to become the world's richest person...

Finance ministry open to listing JDX bonds

The Jamaica Stock Exchange (JSE) is pushing for the listing of the Jamaica Debt Exchange (JDX) bonds on the stock market, the first for domestic debt instruments, if the Government agrees.Indications are that the plan may not be too much of a hard sell...

JMMB rewards staff with shares

Jamaica Money Market Brokers Limited (JMMB) last year opted not to increase salaries in a period of restructuring and cost containment, but weeks to the close of its financial year has decided to reward workers with a distribution of 23 million units...

Fun Snax loses fuel fight with Shell

A negligence lawsuit in which Jamaican snack maker Fun Snax Limited was seeking to recover $107.3 million from Shell Company (WI) Limited for allegedly supplying the incorrect liquefied petroleum gas (LPG) has been thrown...

Sagicor deal triggers review

Insurance ratings agency AM Best has frowned on the acquisition deal for Sagicor General Insurance (Cayman) Limited, suggesting it could have a potentially negative effect for the buyer.

Finsac commission of enquiry

Starting this week, the Financial Gleaner publishes the submission by former chairman of the Eagle Group of Companies, Dr Paul Chen-Young, presented to the FINSAC enquiry in the form of a book.

Policing wayward EU countries

Greece's profligacy, clandestinely assisted by Wall Street's Houdini-like amoral derivers of derivatives, succeeded in creating waning confidence in the euro, which fell from US$1.51 in December to a low of US$1.361 this...

Communication technology shrinks the world

Google has a 'translation engine' that does a pretty good job.The idea came about in 2004 when one of its founders used a translation tool acquired by licence to read a letter, fan mail really, from a South Korean.

Tanna sees promise in soap exports

Blue Power Limited is reporting an uptick in sales overseas for its proprietory soap products, even as Managing Director Dhiru Tanna hunts for cash to position the company to sell more products abroad.Tanna is getting ready...

Movements

Jones resigns D&G seat - Andrew Jones, a Diageo veteran for 23 years, has demitted his seat on the board of Desnoes & Geddes Limited, which trades as Red Stripe, to take up a new assignment outside Jamaica...

Business Events

Email entries to business@gleanerjm.com

Roving with Lalah

The Old Woman of Mount Edwards

Top of The Class

Defying Odds

International Narcotics

Control Strategy Report (PDF)

Haiti needs help... Donate

Help our neighbours in Haiti

Prof. Rex Nettleford

Highlights of his funeral

Sports

100 years Champs

Cartoons