Jamaica planning billion-dollar bond floats in US

Jamaica has registered with the Securities Exchange Commission (SEC) its plan to float up to US$1 billion (J$87b) of debt in the United States market to finance its budgetary requirements.The prospectus did not reveal a timeline, type and yield for the...

Glencore company reconsidering Jamaica

Century Aluminum Limited, former owner of St Ann Bauxite Company which sold out its local operations during the bauxite downturn, says it is mulling re-entering the local alumina sector under partnership to set up a 1.5-million tonne alumina plant....

Spirits conglomerate expects better results from sugar

Conglomerate Lascelles deMercado & Company anticipates a profitable year void of takeover challenges, after fighting off a hostile bid in court from Black Sand Acqusition Inc...

JCCUL launches mobile e-payment system

The Jamaica Co-operative Credit Union League (JCCUL) has created an e-payment system for mobile top-up and bill payment for its membership of near one million members in 40 credit unions nationwide....

SJBS reports best performance in 17 years

The acquisition of the mortgage portfolio of an unnamed company and rising demand in the middle- and high-income real estate markets led to record growth for Scotia Jamaica Building Society (SJBS) last year.General Manager Gladstone Whitelocke says...

New car dealers seeking market protection through tax reforms

The Automobile Dealers Association (ADA) has singled out five of 145 recommendations by the Private Sector Working Group (PSWG) on tax reform that impact business done by auto traders, but has only fully endorsed one...

Gas pipeline project makes headway

Trinidad and Tobago, the third-largest producer of natural gas in the Americas, is to complete its 300-kilometre undersea gas pipeline in 18 months.It will link to northern neighbour, Barbados."Within another 18 months or so there should be a natural...

Six int'l firms to be subjected to tax audits

The St Vincent & the Grenadines government says it will be conducting a forensic audit of six international firms to ensure they are paying the right amount of taxes....

CLICO remains thorny issue for OECS

The Organisation of Eastern Caribbean States (OECS) will continue holding talks with the Trinidad and Tobago government over the establishment of a special fund to assist policyholders affected by the collapse of the Trinidad-based insurance giant...

Trinidad, Panama sign trade agreement

Trinidad and Tobago has signed a Memorandum of Understanding (MOU) with Panama that the Kamla Persad-Bissessar government says underscores its "goal of aggressively pursuing new markets".

WTO rules Boeing got illegal subsidies

A World Trade Organization (WHO) appeals panel upheld Monday an earlier finding that US planemaker Boeing Inc received at least US$5 billion in subsidies that hurt its European arch-rival and were prohibited under international trade rules...

Germany demands LTRO loan withdrawal plan

Germany's top central banker has urged the European Central Bank to come up with a plan to eventually withdraw its massive emergency loans to banks, warning that they carry significant risks and have only bought Europe a temporary respite from its debt...

Feds probe sticky throttles in 1.9m Ford sedans

Federal safety regulators are investigating sticky accelerators in as many as 1.9 million Ford Taurus and Mercury Sable sedans.The National Highway Traffic Safety Administration (NHTSA) started the probe last week and expanded it on Monday to include...

Career Master Class - 3 lessons from Wilmot Perkins

What do you think Wilmot 'Motty' Perkins' reaction would be to the flood of tributes praising his journalistic prowess and national contribution, since his February 10 passing? It's an intriguing question which we don't have...

Caribbean Weekly Stock Report - March 5-9, 2012

Caribbean stocks were mixed for the week with a rebound in blue chip stocks, continued weakness among financial stocks and the continuation of a major correction in junior market stocks.For the week, 26,848,806 shares valued at US$10,209,429 crossed...

Cash Pot eats into Supreme Ventures profit

Lottery operator Supreme Ventures Limited (SVL) has recorded strong year-end results, posting a 43.9 per cent increase in net profit to J$606 million, but it fell short of its prediction to double last year's earnings of J$421 million due to larger than...

Tax reform proposals insensitive to the vulnerable

The Caribbean Community of Retired Persons (CCRP) has expressed concern that, if implemented, several aspects of the Private Sector Working Groups tax reform proposals would have a detrimental effect on the poor, elderly and retirees.

JCC reveals nominees for annual awards

The Jamaica Chamber of Commerce (JCC), as part of its 30th annual awards, has nominated 12 companies and three individuals to be honoured for their achievements in categories ranging from leadership to culture and the attainment of corporate objectives...

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