Economic developments and activities ... this week in our past
TOURISM February 17, 1964: The Shaw Park Hotel in St. Ann was rated as "the best hotel in Ocho Rios" by The Diplomat, a major magazine published in Washington D.C., and widely read by U.S. Government officials and diplomats in the USA.

Ambitious plans for Jamaica Money Market Brokers (JMMB)
AS JAMAICA Money Market Brokers (JMMB) continues its expansion plans outside the island, the company recently launched a new product locally aimed at euro investors.

Bruce Levy sees growing opportunities in commercial law
BRUCE LEVY, a Jamaican-born commercial attorney from Myers, Fletcher and Gordon (MFG) in London, has come home to settle after 13 years of practice in the U.K. He started his law career at the U.K. firm Mishcon de Reya in the early '90s...

Moderating the storm of repatriated profits
JAMAICA LOSES almost US$800 million a year in repatriated profits, due to the large amount of subsidiaries and joint ventures and company franchises that exist in this country. While it is good for the employment generation...

Directors' duties and corporate governance
THE STATUTORY duties of directors and officers to act honestly and in good faith and to exercise care, diligence and skill are owed, provides the 2004 Companies Act, "to the company alone".

Entrepreneurship needs more focus - Morrison
RESEARCH HAS established a linkage between rising growth rates and greater development in nations whose institutions, policies and culture promote entrepreneurship. I have often said that we would be well advised...

CAFTA in limbo
GUATEMALA CITY (AP): JACOBO KATTAN was hoping to build an industrial park and create 8,000 new jobs after the expected implementation of a regional free-trade pact last month. Instead, he's had to fire 2,000 workers and close three companies...

Boycott bites Danes
COPENHAGEN, Denmark (AP): CONSUMER BOYCOTTS of Danish goods in Muslim countries in protest of the publication of caricatures of the Prophet Muhammad are costing Denmark's companies millions, and has raised fears of irreparable damage to trade ties.

Disappointing results enter the market?
HOPES OF a recovery in the local equities market weakened this week as most listed companies reported disappointing results for the period to December 2005. Manufacturing and trading companies were hardest hit...