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Jamaica Gleaner Business
published: Wednesday | September 3, 2003

Grimax shuts down
GRIMAX ADVERTISING Limited, one of Jamaica's oldest agencies, ceased operating on June 1 this year, citing its own financial difficulties and that of its clientele.

Dorchester in receivership
ONCE HAILED as a stately complex that would epitomise modern city living, the near nine-year-old Dorchester has become the subject of a court battle between its developer John Cooke and creditors.


TVJ secures loan to upgrade its studios
TELEVISION JAMAICA has secured a $248 million loan from Royal Bank of Trinidad & Tobago (RBTT) to equip the station's new production, news and sports complex at Lyndhurst Road.


New bond sways local dollar
FINANCIAL MARKET analysts believe Government's US dollar indexed bond issue which opened yesterday helped to create some instability in the foreign exchange market over the past few days, but said it was returning to normal.


Sugar's problem is sugar cane
THERE IS a common thought among supporters of the sugar industry that if a lot of money is injected in it, then its production and export will become viable.


Escalade premiums: A heavy load for those who can bear it
Question: JUST bought a Cadillac Escalade SUV. Its $9 million price tag puts the premium into six figures. The excess, in the event of an accident, will be $250,000.


Oceanic Digital appeals Supreme Court decision
OCEANIC DIGITAL Jamaica has filed an appeal with the Supreme Court in an effort to bar Cable & Wireless Jamaica (C&WJ) from cutting inter-connection with its circuits.


Net profits up at RJR
RADIO JAMAICA (RJR) has improved its first quarter net profit position by a significant 43 per cent, gaining $11.3 million more than the $26.3 million it earned during the same period a year ago.


No more unsecured loans from credit unions
NEW RULES being imposed by the Bank of Jamaica will improve the regulation of the credit union sector, says Carl Domville, president of the Jamaica Co-operative Credit Union League (JCCUL).















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