Jamaica's cement producers, by their estimates, can save roughly US$37 million (J$3.2 billion) annually by building their own coal power plant, as opposed to purchasing oil fuel from the national grid or any other source.
Red Stripe Jamaica's plan to migrate a portion of its production base to North America will reduce output at its Kingston operation by up to 3.5 million cases, and eliminate 70 jobs.
Capital and Credit Financial Group is offering loans as low as 9.5 per cent, pitched at renewable energy sector through its merchant-banking arm. The loans, which are capped at J$5 million, can be used to finance renewable energy and solar water-heater systems.
There's a time for work and a time to be rewarded for work. Here's a snapshot of the glitterati that turned out last Thursday night for the Jamaica Manufacturers' Association 2011 annual dinner and awards at The Jamaica Pegasus hotel to celebrate the achievements of their peers.
Money-market brokerage companies do not seem to be very common. There is only one such company in Jamaica - the Jamaica Money Market Brokers Limited (JMMB); it makes money from a wide range of financial products and services, including investment brokerage services, financial advisory services, and funds management.
Many hikers after a successful trek over challenging terrain and trails place caution in their backpacks and fail to put it upfront in their heads. They do so at their peril, as they are lulled into complacency. Past successes and great performance can lull many into this comprising position, as around the bend could be a new opportunity or a new peril — usually both.
We bought a 2006 Toyota Noah in 2009. It was insured through a broker. The vehicle was involved in a minor accident in February 2010. Nobody was hurt and our vehicle was not damaged. The bumper of the other vehicle suffered minor damage. We learned later that our insurer set aside $50,000 to pay the third party if he made a claim. We reported the accident to the broker but made no claim.
Poverty, unemployment and inequality in Jamaica rank among the worst in the Americas despite the progress made by the debt-exchange programme, according to an International Monetary Fund (IMF) report published this month.
COK Sodality Co-operative Credit Union Limited is now offering preferred mortgage rates to savers, announcing last Friday that its shareholders can now access 90 per cent mortgage financing, at 10 per cent, for amounts up to J$25 million.
Contrary to the expectations of most analysts of weakening demand, US auto sales rebounded in September rising by 9.9 per cent as domestic makers - General Motors, Ford and Chrysler - turned in strong performances.
The group representing investors and policyholders in the Barbados and Eastern Caribbean operations of the failed CLICO Life Insurance Company last Thursday rejected any proposed option that would give them back less than 100 per cent of their money.