Sagicor paid $1.7 billion for Blue Cross
Sagicor Life Jamaica paid just under $1.7 billion for its acquisition last November of Sagicor's just-released accounts for 2008 show. When both companies formally announced the buyout in mid-2008, neither disclosed the purchaseprice and the listed Sagicor never appeared...
New budget on April 7 - PM
The 2009-2010 national Budget is to be tabled in the House of Representatives on Tuesday, April 7, says Prime Minister Bruce Golding.The prime minister was speaking Wednesday night during his monthly call-in programme, 'Jamaica House Live'...
Capital & Credit grows profit 21% - Focus on lending brought reward as equities slumped
Capital and Credit Financial Group increased its net profit last year by 21 per cent, to $422.63 million, a growth driven by a relatively robust expansion of its loan business at a time when its investment and fee-based operations were largely flat...
Who is Bruce Bowen? - Background of the new man in charge at Scotia Group
Jamaican verandas have been abuzz with talk since William 'Bill' Clarke stepped down as president and CEO of Scotia Group Jamaica Limited last October, several years before he was due to retire. Now news headlines follow the ensuing legal drama which threatens...
New Western Union MoBay franchise to focus on service
Two young Montego Bay entrepreneurs, Junior Barnes and Michelle Eason, say they have invested US$500,000 (J$44 million) in what they are dubbing the city's first Western Union superstore, to provide value-added money transfer and bill payment services in western Jamaica...
Sagicor Jamaica posts $3.9b profit - Company says 33% growth not sustainable in '09
Sagicor Jamaica has reported a 33 per cent rise, to approximately $3.9 billion, in its group profit to stockholders for 2008, but the company says that it is unlikely that some of the circumstances that added extra heft to the bottom line will recur this year....
PAJ upbeat about marina despite business decline
Despite criticism levelled at the J$750 million marina in Port Antonio - named after famed movie star, Errol Flynn - for its failure to live up to the promise to attract a large clientele of pleasure boats owned by the world's rich and famous, the operator of the facility...
COMMENTARY - Air Jamaica - after soaring, a fall?
Just over four years ago I discussed the apparently perennial problems of Air Jamaica in this newspaper. Long, long ago, there was a simple recipe to solve Air Jamaica's problems: make it behave more like a commercial airline...
Group urges Government to dialogue with private sector on tax reform
A group of 21 private-sector business association presidents has urged the Government to dialogue with the private sector on the much-anticipated tax reform programme, as businesses struggle to cope with the downturn in the economy. A release from the Private Sector...
Analysts see no immediate pain from Moody's downgrade
The downgrade of Jamaica's sovereign bonds by rating agency, Moody's, hardly came as a surprise to local analysts, who say that the country's weakening economic fundamentals were already being factored into the price of the securities...