Ross takes full control
Charles Ross, the managing partner of investment company Sterling Asset Management since its formation nearly a decade ago, has bought out the other shareholders to become its single owner, Ross has confirmed....
Trial set for $1.7b Paymaster, GKRS dispute, nine years later - I can't imagine what else could delay this trial - Marks
The legal match-up between Paymaster Jamaica Limited and a subsidiary company of GraceKennedy Limited enters a crucial stage in three months when the case heads to trial.Paymaster, a forerunner in the bill payment service business in Jamaica ...
Technology and the Michael Jackson memorial
I can hear it. What connections are you trying to forge, to cobble together? Could there really be a teachable moment arising from Michael Jackson's Staples Center memorial in Los Angeles? The answer: yes there is!...
Carreras hires Chris Brown as chief spokesman
Cigarette distributor Carreras Limited has hired Christopher Brown as its next corporate and regulatory affairs manager. Brown, who takes up the position on July 20, fills the vacancy created two months ago when Rhys Campbell transferred to Trinidad...
SVL, GraceKennedy in tele-betting deal
Gaming company, Supreme Ventures Ltd (SVL), in search of new ways to bolster its bottom line, has teamed up with Bill Express, the GraceKennedy-owned bill payment service to launch betting via telephone for its most popular games - Lotto, Pick 3 and Cash Pot...
For $445m, LIME hires Calix to expand broadband
Seeking wider broadband coverage and more clientele, LIME Jamaica has commissioned American firm Calix to supply the communication equipment that will allow the deployment of voice and video at faster speeds, under a US$5 million ($445 million)...
Jamaica clips US$564m from Q1 oil bill - Current account deficit narrows
Jamaica narrowed its current account deficit by close to half a billion dollars in the January to March quarter, on the back of a vastly reduced oil bill that fed into a near US$778 million reduction in the country's import bill...
LNG the preferred option, but no strategy yet
The Bruce Golding administration has indicated that liquefied natural gas (LNG) is the preferred energy source for Jamaica going forward, but few details of the policy roll-out and the available options are in the public domain...
Foreign demand for US securities down in May
Demand for long-term United States financial assets by overseas investors plummeted in May as Japan and Russia trimmed their holdings of Treasury securities. The US Treasury Department said Thursday that foreigners actually sold US$19.8 billion more...
Miami firm sues Turks and Caicos
For the second time in three days, reports have surfaced that a country in the Caribbean is being sued, this time the Turks and Caicos Islands whose government has been served a US$16 million claim allegedly for unpaid medical services.Southern Health...
Readers respond - Unnecessary expenditure
The Editor, Sir:In the Financial Gleaner of June 26 were two very interesting articles which are on a subject I have written about and urged the powers that be to address, namely, the enactment of an amendment to the Registration...
Miami firm sues Turks and Caicos
For the second time in three days, reports have surfaced that a country in the Caribbean is being sued, this time the Turks and Caicos Islands whose government has been served a US$16 million claim allegedly for unpaid medical services...