Jamaica Gleaner News- Business - Sunday

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New deal supplants Tate & Lyle contract

SCJ Holdings, which manages the state-owned sugar estates, will in December start taking off the cane now on the land to meet its US$26 million current year-supply contract with British sugar refiner, Tate & Lyle.

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Banks hold rates, eye bad debt in credit-card revamp

Seeking to resuscitate sagging earnings from credit products, local banks have sought to jazz up their credit-card offerings in a market that is now flat. But as the card revamp takes shape as part of a broader credit portfolio revamp, rates are being held fairly high by all the banks, with some institutions even using punitive pricing and other policies to keep the lid on bad credit.

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Buy up companies, not paper assets - Whittingham

With interest rates trending downwards and government paper not as attractive as before, businessman Steven Whittingham is suggesting that investors think about investing in private companies as an asset class.

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BOJ evaluating inflation policy switch

Jamaica's monetary authority is seriously considering a switch to a 'targeted inflation' regime in the hopes of driving inflation down to single digits but also offering markets greater predictability in price movements.

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Market for family health insurance narrow and complex

What type of health insurance would be most suitable for my family, that is for the mother, father and a baby?- dollphynn@yahoo.com.Answer: The market for health insurance is very small. Of the five companies that are licensed to transact life insurance, only two sell health plans.

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18-month extension on EXIM loan facility

The National Export-Import Bank of Jamaica (EXIM), a financier of export companies, says a US$23 million short-term credit line introduced last year at eight per cent interest has been totally consumed, but demand is unabated.