Harmony Cove deal sealed
Harmonisation Limited has wrapped up negotiations with Tavistock Group, an American investment firm, for the development of the multibillion luxury Harmony Cove resort, sold as Jamaica's most ambitious tourism project ever.

Rodney Davis' job safe
Cable and Wireless' head of Caribbean operations has dismissed claims that Rodney Davis, chief executive of the Jamaica operation, was facing the axe within the next year.

BNS expands uptown
Jamaica's largest com-mercial bank, Bank of Nova Scotia Jamaica Limited (BNS), purchased property at 132 Constant Spring Road, in St. Andrew, in June, on which it plans to build another branch and, more importantly...

Carib Cement warns of two-year shortfall
Caribbean Cement Company (CCC), faced with what it says is high market demand for cement which exceeds it current production capabilities, has warned that the country will have to cover the shortfall with imports for the next two years.

Gamblers bet $460m each month ... but not enough to grow racing industry
Jamaicans spend upwards of $460 million of monthly disposable income on horse bets alone, and when the total turnover from the broader gaming sector is factored, gambling rakes in $3.3 billion per month.

NIBJ owes DBJ $1.7b
National Investment Bank of Jamaica owes the Development Bank of Jamaica (DBJ) a near $1.7 billion, but the merged bank was tight-lipped on how the debt would be treated now that the two state entities have combined operations..

Mortgage Bank to float housing bond, backed by Venezuela
The Jamaica Mortgage Bank (JMB) plans to raise $1 billion from a housing bond float and other financing arrangements to fund expansion of its mortgage loan portfolio under a line of credit it has with the Economic Development Bank of Venezuela (BANDES).