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Jamaica Gleaner Business
published: Friday | July 28, 2006

NHT building $15 billion retirement village in St James
Construction of a $15 billion retirement village, first announced by former Prime Minister P.J. Patterson, is to begin in January on a 450-acre property at Barrett Hall, St. James, Financial Gleaner sources say.

Lee Chin selling part of Berkshire Group
Michael Lee Chin is selling a stake in his Canadian financial advisory outfit, the Berkshire Group, but analysts here say that the move is unlikely to have an immediate or significant impact on the Lee Chin-owned National Commercial Bank (NCB).


Cement short as price increases
The increase in the price of cement has come on top of the chronic shortage of the product to further undermine the building industry, says head of Incorporated Masterbuilders Association, Michael Archer.


Strict enforcement needed to deter financial irregularities
As the country grapples with the impact of yet another costly fiscal blunder in the Sandals Whitehouse issue, it has to ensure that it minimises future lapses or this current outcry will bring little value in the long term.


DB&G's government-derived revenues small - Peter Bunting
Investment bankers Dehring, Bunting and Golding (DB&G) have dismissed concerns that a change in government could negatively affect the performance of the company, pointing instead to its technical expertise in brokering deals and its diversified income...


Five small business information centres launched islandwide
The government has launched the first five of a dozen information centres it hopes to establish across Jamaica to help investors in micro and small business develop their enterprises, which the Portia Simpson Miller administration says...


New Portmore highway good for business - Khemlani
Steve Khemlani of the Khemlani Group says the new highway connecting Portmore to Kingston is good for business. To support that view, he is on track to open two new stores later this month, one of them in Portmore. Khemlani invested $170 million...


Barbados' credit prospects improve
Standard & Poor's said yesterday that it has revised its outlook on Barbados to stable from negative. The world's top credit rating agency also affirmed its 'BBB+' long-term foreign, 'A-' long-term local, and 'A-2' short-term currency...




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