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Jamaica Gleaner Business
published: Wednesday | May 18, 2005

Banks must drop rates - Kerr-Jarrett
WESTERN BUREAU: PRESIDENT OF the Montego Bay Chamber of Commerce and Industry (MBCCI), Mark Kerr-Jarrett says the island's banks must reduce their high interest rates now, thereby stimulating the creation of small and medium size businesses.

Gillette Caribbean Pension Fund surplus - Battle lines drawn
FORMER EMPLOYEES of Gillette Caribbean have split into two contending parties over the award of the entire $42 million surplus in the company's pension fund in December.


Patrick Gillings leaves C& WJ
CABLE & Wireless Jamaica's Senior Vice President for Marketing & Communication, Patrick Gillings, has resigned from the company to pursue other opportunities, the company said in a statement yesterday.


Redundancy too costly
IT IS quite amazing how the most well-intentioned political and social engineering decisions often produce the kind of negative results that are exactly opposite to what was intended.


MoBay hub takes a hit
AIR JAMAICA cannot resume flights to St. Lucia because traffic through its Montego Bay hub has taken a battering, says its executive chairman Dr. Vincent Lawrence. Flights to several eastern Caribbean destinations were suspended in mid-March...


Uptown prices for less than bend-down service?
QUESTION: I bought a new BMW X5 for $7 million a few weeks ago. A warning light came on while I was driving. The manual stated that it should be taken in to the dealers. They said the problem was minor.


CARICOM targeted for exports
JAMAICA'S EXPORTS within the CARICOM market should improve substantially in coming years, if Dr. Andre Gordon has his way.


Liquefied eggs for J'can market soon
LIQUEFIED EGGS will soon be available on the shelves of Jamaican supermarkets as part of a move by the Egg Farmers Association to introduce a value-added product, mainly for the hotel and baking industries.


LoJ sees solid net profit gains
THE LOJ Group produced net profits after taxes, attributable to stockholders, of $373 million for the quarter ended March 31, 2005. This was 20 per cent better than the $311 million recorded for the same period in 2004.

















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