Delta to add Jamaica flight in winter
Delta Air Lines will add a new flight to Jamaica in the upcoming winter tourist season. The flight will operate Saturdays only for three months from December 21 to March 29, 2014.
The flight will operate between Indianapolis in Indiana and Sangster International Airport in Montego Bay.
Delta said it added the flight in response to "increased demand for more connections between United States cities and the best tourist destinations in the Caribbean".
The flight will depart Indianapolis at 8:30 a.m. and arrive at 12:25 p.m., and depart Montego Bay an hour later at 1:25 p.m. for arrival in Indiana by 5:30 p.m.
DBJ distributes J$2b loans in Q1
Development Bank of Jamaica made net profit of J$327 million for its first quarter ending June.
The bank also made loan commitments amounting to J$2.5 billion and disbursements of J$1.9 billion, according to Managing Director Milverton Reynolds.
In the last fiscal year, the bank closed the period J$2.4 billion in the red, due mainly to massive losses on investment in the former Ritz-Carlton hotel property, which was sold earlier this year to Playa hotel group. The minority stake, in the form of preference share equity and a loan, was initially held by National Investment Bank of Jamaica, which was merged into DBJ in 2006.
Regulators take over Anguillan banks
Two banks in the British Caribbean territory of Anguilla have been taken over by regional regulators.
St Kitts Prime Minister Denzil Douglas said Tuesday, August 13, that the Eastern Caribbean Central Bank has taken control of the two banks in the territory of 16,000 people. The central bank is the monetary authority for Anguilla.
Anguilla's Chamber of Commerce says the local banks' non-performing loans escalated in recent years. It says the takeover is "intended to stabilise both banks and return them to a state of normalcy".