Kingston port on sale - Kingston Wharves wants to buy
Prime Minister Bruce Golding said Wednesday that the govern-ment was getting ready to divest the debt-burdened port of Kingston, and already its rival, Kingston Wharves Limited is lining up to buy it. The Port Authority, though profitable, has $21.7 billion of debt...
BOJ opens forex window for public companies
The Jamaican central bank has undertaken to supply key state-owned companies with their foreign currency requirements in what the bank's governor, Derick Latibeaudiere, says is a temporary move to help ease a demand scramble on the foreign exchange...
All in the family - Lascelles, Angostura spirits merger delayed by shareholder - Globe a financier of parent Lascelles' acquisition
Globe Insurance Company took up J$25 million of the US$40 million bond that CL Financial group floated last year to help finance closing costs on the acquisition of Globe's parent Lascelles deMercado. But the new owners who made the disclosure this week are downplaying...
Cement sales won't recover until 2010 - CCCL
Even before the PIOJ reported that construction activity had slid 11 per cent in the last quarter alone, cement sales were already pointing to a market in decline.Caribbean Cement Company Limited does not expect a turnaround in sales for another year or more...
Anbell eyes stock market to fund foray into energy
Andrew Pairman, the 40-year-old chief executive of the Anbell group, the local value added tele-communications and media services pioneer, is looking to take his business beyond telecoms with a foray into renewable energy generation...
CIBC said making second try at Republic Bank
Canadian Imperial Bank of Commerce (CIBC) has made a proposal to the Trinidad government to acquire at least a 55 per cent stake in Republic Bank, well placed sources inside the finance ministry tell the Financial Gleaner. But the proposal, while on the table...
GraceKennedy hanging on to H&L - Loss-making retail operation flattens conglomerate's bottom line
On the face of it, Grace-Kennedy Limited's profits have fallen by more than a billion dollars, from $3.5 billion to $2.3 billion at year end, December 31, 2008, a 31 per cent drop. But ignoring the $1.4 billion one-off gain that boosted the company's 2007 earnings ...
Air Jamaica, financial regulation and Wall Street
Three matters for discussion this week: sale of Air Jamaica, regulation of financial services and the apparent 'self-destruct' attitude of Wall Street and extreme ideologues in America. On Air Jamaica - apparently the deadline has been set in stone - the national airline...