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Jamaica Gleaner Business
published: Wednesday | May 21, 2003

Dollar strengthens
THE JAMAICAN dollar strengthened for the second consecutive day yesterday, gaining $3.78 against the US dollar in trading, as Government's measures to build confidence in the market continued to bear fruit.

Indexed bond unveiled
THE MINISTRY of Finance has announced the issue of a fixed 12 per cent United States dollar indexed bond tomorrow, at its most attractive interest rate offered to the market in two years.


QuickCash turns into SunMoney
QUICKCASH, THE popular money transfer service, has a new name - SunMoney.


Life of Jamaica profits triple
LIFE OF Jamaica (LoJ) has recorded profits of $221 million for the quarter ended March 31, some $144 million or about three times higher than its intake for the same period last year.


Tank-Weld rolls back prices
AT LEAST one Jamaican company has decided to take a chance on the economy.


'Remedies for rumour'
IS THERE a case for optimism? Well, logic started to slide out of our market in March and panic had fully set in by mid-May.


Loan demands low, says NCB's Aubyn Hill
THE BUSINESS sector has been demanding fewer bank loans because of very high interest rates, which has made it increasingly difficult for them to make sufficient and sustainable profits...


Business opportunities beckon
SINCE THE presentation of the budget, many small businessmen and businesswomen have been complaining about the effects of the new taxes imposed. They fear that they may have to close their businesses.


Jamaica's information technology retreat
A 'TAXING' budget and a dollar that is rapidly losing value are the headlines that have dominated news stories for the past few weeks.


Never had an accident but premiums keep rising
QUESTION: I own and drive a taxi. I have done so for the last 10 years. The premiums seem to rise every year. In the last five years, they have gone up by more than 100 per cent.















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