First Global suspends Cayman fund
Coming on the heels of stated plans to restructure its operations in light of deteriorating global financial markets, GraceKennedy's wealth management outfit, has put the brakes on trading activity in its Caribbean bond fund, the six-year-old Cayman-based mutual fund...
Adequate forex available in the system, says Wehby - DBJ, banks haggling over productive loan spread
Government officials sent strong signals to the market this week that there was an adequate level of foreign exchange available in the foreign exchange market, enough to satisfy demand and ease pressures on the local currency according to Senator Don Wehby...
Running NCTS a $50 million bill - Millwood - 164 buses fall short ... of cash, good service
The bus collective, National Transport Cooperative Society (NTCS), commands a fleet of 164 that it values at $800 million, but the buses are ageing, the service is poor with few signs of improvement, and the owners are increasingly incapable of meeting financial obligations...
Private firms can seek redress before CCJ
The Caribbean Court of Justice has held that private firms, who believe they are injured or wrongfully denied commercial benefits afforded under the Caricom treaty by the states in which they operate, have the right to seek redress directly from the CCJ...
TCL gets a hearing in court's first major ruling on CSME treaty
The Caribbean Court of Justice has held that private firms, who believe they are injured or wrongfully denied commercial benefits afforded under the Caricom treaty by the states in which they operate, have the right to seek redress ...
Coimex, PCJ settle ethanol supply differences - Clears one hurdle for sugar deal
Biofuel producer Petrojam Ethanol Limited has now satisfied its contractual obligations to former partner Coimex, freeing the state to transfer ownership of the plant to Infinity BioEnergy as part of a stalled sugar deal. PEL was an elventh-hour throw-in...
Commentary - Pardon my intrusion, Mr Golding - Unsolicited advice for the Prime Minister
The function of a leader is to lead, a truism made starker even by quick appraisal of effective leaders we know. Ghandi's leadership was strategic, reflective, always finely considered. Never suffering fools gladly he was yet compassionate, firm....
Barbados gives BHP Billiton first oil exploration licence
Barbados has awarded its first offshore oil-exploration rights in a bid to diversify its tourism-driven economy, an energy official said.The government licensed Melbourne, Australia-based BHP Billiton to evaluate two undersea blocks southeast ...
Pitfield joins JA regional board
Robert Pitfield, group head of international banking at Scotiabank and chairman of Scotiabank Jamaica, has joined the regional board of Junior Achievement Americas Worldwide.His role will be to "set the direction for more than 500 CEOs now serving on 32...
Microsoft to cut 5,000 jobs
Microsoft Corp said Thursday it is cutting 5,000 jobs over the next 18 months, a sign of how badly even the biggest and richest companies are being stung by the recession.The layoffs appear to be a first for Microsoft, which was founded in 1975, aside...
Customs money seizures
The Customs Department has passed over US$565,160 to the treasury, the proceeds of cash that was seized from travellers through the airport on Christmas Day.Three passengers passing through the Sangster International Airport, were found to be carrying...