Ex-Im short of cash to lend - Jamaican, not US$
Jamaican producers are in search of capital to invest in their businesses, but the National Export-Import Bank of Jamaica says it has run short on Jamaican funds.So the lending agency has turned to the state for help, saying it needs about $1 billion...
LNG for Jamaica a national priority - Manning
Supplying liquefied natural gas (LNG) to Jamaica is now a national priority for Trinidad and Tobago, Prime Minister Patrick Manning told lawmakers Wednesday at a sitting of Parliament. Repeating sentiments made on political platform over the weekend...
Finance postpones payroll plan
The Ministry of Finance, which has for several years been working on a project to consolidate payroll taxes, on Thursday announced it was putting off the July 1 implementation date. The ministry, however, did not say how long the process would remain...
IMF programme already drafted - Jamaica's growth re-forecast to contract by 4%
The word out of Government circles is that the technocrats at the Ministry of Finance (MOF) have already developed a draft programme to be submitted to the International Monetary Fund (IMF) in order for Jamaica to access the IMF extended standby facility...
Opposition wants competition for JPS - Paulwell proposes end to distribution monopoly
Less than two years since leaving office, the Opposition People's National Party (PNP) has called for the immediate liberalisation of Jamaica's electricity transmission and distribution network. But the proposal is likely to be resisted by the monopoly...
Fired financial regulator arrested in Stanford case - Billionaire pleads not guilty in Houston court
Antigua's former chief financial regulator surrendered Thursday to face US charges that he aided an alleged $7 billion swindle by Texas billionaire R. Allen Stanford, government officials said...
High-end furniture importer expands to Kingston
Chasing a larger high-end market for its line of imported luxury furni-ture, décor accessories and finishes, and buoyed by the $56 million it achieved last year in sales to individuals and resorts in Jamaica and elsewhere in the Caribbean...
Glenmark banking on Geddes Grant to double sales
Glenmark, an international pharmaceutical company headquartered in Mumbai, India, is seeking a bigger foothold in the Jamaican drug market having contracted a new distributor, T. Geddes Grant...
Work still under way at Trinidad smelter site
Work continues on the site for the 125,000-tonne aluminium smelter in Trinidad and Tobago despite a ruling last week by a high court judge that the environmental permit for its construction was flawed. In response to a request by environmental activists and opponents...
Strata corporations, owners stressed - 5-10% compliance on fees - 40-year law lacks teeth, amendments on the way
It is becoming increasingly difficult for property owners in some strata developments to unload their units as mortgage lenders and banks become less inclined to grant loans for acquisitions that are afflicted by unpaid maintenance fees...
Commentary - Jamaica's absorptive capacity for FDI requires technological change
Senator Don Wehby, minister without portfolio in the Ministry of Finance and the Public Service contributed an interesting piece in the June 21st edition of The Sunday Gleaner titled 'Making most of Foreign Direct Investment'...
Legislative remedy on stratas under review
The expansion boom in the construction of apartment complexes that ushered in a new era in housing development in Jamaica would not have been possible without the Registration (Strata Titles) Act that became law in 1969. The act made it possible...
Movements
Azan still the boss - Jamaica Manufacturers' Association (JMA) has returned its board of directors en bloc at elections held Wednesday. Omar Azan, the head of Boss Furniture, was unopposed in re-election as president for the 2009/10 term....
Noteworthy
JCSD puts mailings on holdThe Jamaica Central Securities Depository (JCSD) said this week it would cease mid-year mailing of statements until further notice. The depository in the meantime is making arrangements for account holders to review the status...
Deal-making versus threat of trade retaliation
I have taken note of the comments of Jamaica's Industry, Investment and Commerce minister, Karl Samuda, as reported in The Sunday Gleaner of June 14 and the newspaper's reporting that a trade war looms within Caricom...
A 'fierce resolve' to trade - JMA weighs in on Jamaica-Trinidad imbroglio
Excerpts from a speech given by Omar Azan, president of the Jamaica Manufacturers Association, on his re-election Wednesday. Our Leaders may be afraid to say this, but we are the private sector, the traders, the beneficiaries...