NHT's uptown ambitions irk developers

Recently-announced plans by the Government-run National Housing Trust to enter the high-end market in swanky Cherry Gardens, is not going down well with the Jamaica Developers' Association, the umbrella group of property developers....

First Global recruits Citibank exec as CEO

First Global Bank has found a new president, a hunt that lasted 10 months after Wayne Wray left the bank in the wake of the management fallout parent company GraceKennedy Limited said was the discovery of irregular trading that resulted in billions...

Stewart's amalgamates, rebrands Issa Transport acquisitions

Stewart's Auto Sales Limited plans to shift its Suzuki dealership from Orchard Road to South Camp Road, where it will share space in the vehicle complex acquired from Issa Transport Group.It's the next step ...

Guardian Asset to merge with Guardian Life

Guardian Asset Management's (GAM) Jamaican operation will be downscaled to a department and merged with the operations of Guardian Life Limited, once it finalises the deal...

Bogue project cost climbs J$700m

The National Works Agency is in the final stages of contracting additional works on the Montego Bay leg of the north coast highway to Surrey Pavement and Aggregate Company Limited.The variation on the project runs to J$698 million, boosting...

Credit unions give contrasting business outlook

As financial institutions continue to be challenged by deflated market conditions, a top credit union executive is predicting a turnaround of sorts for the sector, but his outlook is not necessarily in sync with other...

Group accused of US$100m fraud in The Bahamas

A group of foreigners in The Bahamas is accused of trying to defraud JP Morgan using a forged check worth US$100 million, police said.Katsuichi Yufu, 71, of Japan; Steven De Gruiter, 60, of Indonesia; ...

St Lucia to tap geothermal power

The volcanic island of St Lucia plans to tap geothermal power trapped beneath sulphur springs and roiling mud pools in a rare attempt at developing alternative energy sources ...

Oil-spill bill US$32b

American Robert Dudley will become BP Plc's first ever non-British chief executive, the company said Tuesday as it reported a record quarterly loss and set aside US$32.2 billion to cover costs of the devastating Gulf...

GE settles kickback charges, fined US$23m

General Electric (GE) Company will pay US$23.4 million to settle federal charges that some of its subsidiaries paid illegal kickbacks to the Iraqi government in order to win contracts under a United Nations programme.The Securities and Exchange...

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