Car payment delay - Dealers arrest police vehicles
The Jamaican Government has found itself in hock to a number of car dealers contracted to import vehicles for the police, but whose tab remains unpaid since June on a combined US$4.38 million (J$390m) in contracts issued to three dealers....
Moneylenders self-regulate
Jamaica's moneylenders do $3 billion of business annually, on their own count, and now some of them are banding together to shake off the image of members as loan sharks and reposition as serious microfinanciers offering a needed service.The newly...
JDIC aiming for 10% coverage, though 5% target still out of reach
The Jamaica Deposit Insurance Corporation (JDIC), ideally, says it needs to insure up to 10 per cent of deposits in the financial system because of the uncertainties inherent in an economy in free fall, which, at current...
Digicel, UDC still negotiating 4.3-acre HQ land - One tower to span 125,000 square feet
Digicel Group is still negotiating with the Urban Development Corporation (UDC) for the 4.3-acre Kingston waterfront site on which it will put its new global headquarters.CEO Colm Delves said Wednesday the company had not finalised costings ...
Auto show is on - Used-car dealers fill breach left by ADA
The Jamaica Used Car Dealers Association (JUCDA) is stepping into the breach left by new-car dealers and will, this weekend, stage its first auto show - albeit a smaller version of past events. The Automobile Dealers Association (ADA) cancelled its 2009...
12 expressions of interest for Pegasus
The Development Bank of Jamaica (DBJ) has got at least 12 expressions of interest from prospective buyers of The Jamaica Pegasus hotel, the state bank has said. "The investors will now be invited to participate in a pre-qualification processll...
American recession is over
The United States economy grew at a 3.5 per cent pace in the third quarter, the best showing in two years, fuelled by government-supported spending on cars and homes.The Commerce Department's report Thursday delivered the strongest signal yet...
Commentary - War is anything but pretty
Last week, our commentary began: "Today Barack Obama has critical decisions to take." Nothing changed. If anything, the situation worsened. This week, the September resignation letter of Matthew P. Hoh, senior civilian pepresentative...
Entrepreneurism a path to wealth creation - Matalon
Joseph Matalon, president of the Private Sector Organisation of Jamaica (PSOJ), is pushing for a more coordinated effort to leverage entrepreneurial talent into economic gain."Research has posited that stimulating entrepreneurship is one...