Chen-Young blames government for Ja's financial meltdown
FORMER HEAD of the Eagle companies, Dr. Paul Chen-Young, has said that the government's short-sighted approach to financial management led to the meltdown of the domestic financial sector.
Aubyn Hill's $150m pay day
FORMER GROUP managing director of National Commercial Bank, Aubyn Hill, collected almost $150 million as part of his ex gratia payment after leaving that institution in November last year.
US$170m insurance claim for Guardian
GUARDIAN GENERAL Insurance Limited the holding company for West Indies Alliance Insurance Company paid out a total of US$172 million in claims in the Caribbean region resulting from Hurricanes Charley, Frances, Jeanne and Ivan.
Explaining the excess and indemnity clauses
QUESTION: I was recently involved in an accident, which I reported to my insurers. They informed me that I would incur an excess which would be five per cent of the car's value. What is an excess and what is its purpose? Do all motor policies have it?
Financial institutions urged to fight money laundering
MANAGING DIRECTOR of Compliance Solutions Limited, Mr. Kenneth Bryant says there are serious repercussions for Jamaican financial institutions which are willingly or unwillingly involved in money laundering.
Healthy profits for Salada Foods
MAJOR COFFEE exporter, Salada Foods Jamaica Limited, has posted a 15 per cent increase in its sales according to its unaudited financial statements to September 30, 2004. With a $33 million increase, sales grew to $249 million.
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