$7b for upmarket St Ann houses

Principals of residential property developer New Era Homes 2000, Leo Taddeo and Benedetto 'Benny' Persichilli say they are now putting together US$80 million or J$7 billion, possibly with help from the National Housing Trust (NHT), to finance a project...

PanCaribbean winding up asset management

Hunting improved efficiency and lower costs, PanCaribbean Financial Services Limited (PCFS) is winding up its asset-management subsidiary, PanCaribbean Asset Management Limited (PCAM), and merging its unit trust management activities into the mainstream...

Samm's stores for sale as Younis retires

Businessman and longtime retailer, Sameer Younis is selling two of his five Samm's departmental store locations and handing over the remaining three to his son, Alan Younis, as he retires from the retail trade in which he has operated for decades...

No mobile rate cut from appeal ruling

The recent dismissal by the Telecommunications Appeals Tribunal (TAT) of a challenge which telecoms firm Digicel had mounted against a 2004 declaration by utilities watchdog, the Office of Utilities Regulation (OUR)...

Sagicor Life reaps JDX benefits

While many companies continue to tally the investment income decline arising from the Government-imposed bond exchange, at least one listed company, Sagicor Life Jamaica, is highlighting accompanying positives it reaped on its 2009 financials...

Sunset Resort shelves growth plans, again

Thirteen years after it changed ownership, the now Hendrickson family-run Sunset Beach Resort and Spa, located on the tip of the Montego Freeport peninsula in Montego Bay, is yet to find...

Inflation slows in Brazil

BRASILIA (AP): Brazil's government says lower food and clothing costs are behind a drop in the inflation rate for Latin America's largest nation.

CGM Gallagher Group goes to Ocho Rios

CGM Gallagher Group, the largest and one of the oldest insurance brokers in the English-speaking Caribbean, formally met clients in St Ann Tuesday evening, who were formerly with Zenith...

Claro invests J$26b to grow market share

In a move that could be a game-changer in the local mobile telephone business, Claro, Jamaica, the most recent entrant in the highly competitive telecoms market, has announced that it will be investing US$300 million, or more than J$26 billion...

Even a dozen crime bills is no fix

Well do we remember the Gun Court, don't we? Red and dread, immediate in impact, it was billed as decisive - one bullet, perhaps even a spent shell in one's car, was visited with a draconian, mandatory sentence.

Communications giant buckles under gov't pressure

ST JOHN'S, Antigua (CMC):Communications giant LIME (formerly Cable & Wireless) has buckled under pressure from the Baldwin Spencer administration, reversing rate increases it had announced earlier this month.LIME announced rate increases...

Clinton to Latin America: Tax your rich

QUITO, Ecuador (AP):United States Secretary of State Hillary Rodham Clinton urged Latin American nations on Tuesday to impose a heavier tax burden on the wealthy, saying the region's economic growth and competitiveness depend on it...

Trade deficit rises, demand for exports slips

WASHINGTON (AP):The United States trade deficit rose to the highest level in 16 months as exports fell for the second time in three months, a potentially worrisome sign that Europe's debt troubles are beginning to crimp American manufacturers....

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