Credit unions in $6-billion foreign currency fight

Credit unions have been clamouring for the right to operate foreign exchange accounts, which would place them on par with deposit-taking institutions now regulated by the central bank, and give them entry into the lucrative foreign-currency deposit business...

Gov't to harvest $80 million from conchs this year

Assisted by a recent law raising the state tax on conch exports, the Government's coffers, challenged by declining tax collections since the onset of the global recession some two years ago and its significant knock-on effect locally...

New lottery games coming amid sluggish Super Lotto sales

Two new lottery games are being earmarked to hit the streets by September in a bid, gaming company, Supreme Ventures Limited (SVL) said, to hold market interest even as the firm stares at a big earnings hole left by its underperforming Super Lotto.

New airline expands Bahamas-Jamaica service

Western Air, which made its inaugural flight to Jamaica two months ago, has now added Montego Bay to its destinations and is slated to fly into the Sangster International Airport there every day starting on Friday.

Taxes, hoarding blamed for lower Carreras profit

Local cigarette company, Carreras Limited, ended its 2010 financial year with its stated $3 billion net profit approximately 25 per cent lower than the previous year, slipping in the wake of a 4.6 per...

'Get your houses in order'

ST GEORGE'S, Grenada (CMC): The Grenada Authority for the Regulation of Financial Institutions (GARFIN) says it will implement harsher penalties for any insurance...

Member countries urged to pay CDF contributions

BRIDGETOWN, Barbados (CMC): The Barbados-based Caribbean Community (CARICOM) Development Fund (CDF) says it hopes to fund a number of national programmes this year and is appealing to all member countries to pay their contributions to the capital...

Venezuela sets up bond market with new controls

CARACAS, Venezuela (AP):Venezuela's government and Central Bank on Monday announced new rules for trading in bonds that have become an important outlet for foreign-currency dealing.Venezuelan banks will be able to sell investors' government...

Foreign firms in Haiti ready for construction boom

PORT-AU-PRINCE, Haiti (AP): Like a small-town booster, Randall Perkins proudly shows off his base camp: air-conditioned bedrooms and offices for 120 managers, a mess hall that can serve 1,000 meals a day, a gym and an infirmary alongside his bulldozers and dump trucks....

Teams at work

Achieving anything of significance in your career beyond turning on your computer requires teamwork. There are many theories and ideas about teamwork, many of which often contradict.

Job openings rise to highest level in 16 mths

WASHINGTON (AP): Job openings jumped in April to the highest level in 16 months, a sign that private employers may boost hiring in coming months.The number of jobs advertised at the end of April rose to 3.1 million from 2.8 million in March...

Georgia governor heads 43-member trade mission to Cuba

HAVANA (AP):Georgia Governor Sonny Perdue met Monday with officials from Cuba's Chamber of Commerce and its food-import company, part of a two-day visit to explore his state's trade and tourism possibilities here....

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