Jamaica Gleaner
Published: Wednesday | April 29, 2009
Home : Business

We are not for sale! LIME, Flow deny Columbus talks
Executives of Columbus Communications, the regional fixed-line telephone, Internet and cable television business in which Jamaican billionaire Michael Lee Chin is a minority partner, are adamant that the company is not up for sale.

Jerrold Johnson's tips on good financial planning
One doesn't need a lot of money to start investing. According to Jerrold Johnson, financial adviser with Jamaica National Fund Managers Ltd, the best time to start investing is (always) now.

Find yourself a dealer! BOJ ending direct sale of government instruments
The Bank of Jamaica is ending over-the-counter sale of government securities, telling investors they will have go through official broker/dealers for such transactions with the May 1 launch of the BOJ's fixed-income central-securities depository (CSD).

CRNM losing autonomy - Trade-negotiating body to be absorbed by CARICOM secretariat
Although insistent that it will happen, the Caribbean Community's (CARICOM) economy ministers are yet to determine precisely how the region's hitherto autonomous trade-negotiating unit will be absorbed into the grouping's Guyana-based secretariat.

Pandemic fears push oil prices down again
Oil prices fell for a second straight day yesterday on fears that the outbreak of swine flu would delay an economic recovery and further dampen energy demand.

PGA to build Bahamas resort
The Bahamas is hoping a PGA-financed resort will create 900 jobs and boost tourism despite the economic crisis. Prime Minister Hubert Ingraham says construction would also provide 200 temporary positions.

St Lucia to rely on loans, new taxes
St Lucia's prime minister is calling for new taxes and cuts in ministers' salaries to accommodate its US$449 million budget. Stephenson King says revenue will also come from US$44 million in loans and US$42 million in grants, mostly from Taiwan and the European Union.

Small developer puts houses on soft market
Mandeville-based property developer and businessman, Garfield Wilson, has put a $55-million housing complex on the real estate market softened by tightened lending and a contracting economy.

Canadian company to explore for gold in Haiti
A Montreal-based mining company has announced plans to explore the mountains of northeastern Haiti for gold and copper.

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