Mortgage Bank floats $1.1b bond - Raises $500 million from NHT
The Jamaica Mortgage Bank has raised $1.1 billion from a housing bond it recently floated, which sources say has been taken up by two local and one hemispheric institutions. Wednesday Business sources said at least $500 million was sourced....
'No offer made' - No headway yet on DB&G, BNS deal
Three weeks after confirm-ation that acquisition talks were under way, Dehring Bunting and Golding (DB&G) is yet to receive a formal offer from Bank of Nova Scotia Jamaica (BNS), says executive chairman of the investment bank Peter Bunting.
Stock market shrugs off Trafigura Beheer scandal
Investors appeared to have shrugged off the news of the Trafigura Beheer scandal which has rocked the ruling People's National Party (PNP) over the past week. "That (Trafigura gift) is nothing new as far as seasoned and serious investors...
DB&G subsidiary launches into hire-purchase financing market
Capitalising on the construc-tion boom now taking place in Jamaica, Dehring Bunting and Golding (DB&G) has revived dormant subsidiary Asset Manage-ment Limited (AML), using it to launch into the consumer financing market where it will target...
Fall-off in earnings on sales of cinema seats
Palace Amusement closed the chapter on its Odeon Cinema Complex during the year, having finally settled with realtors who facilitated the sale of the complex to the government.
Supreme Court throws out George Lue's bank suit
Businessman George Lue has failed in his four-year bid to convince the Supreme Court that his companies suffered financial losses because of breaches by Island Victoria Bank (IVB), a failed bank taken over by Finsac Limited.
LIAT, Carib Star in formal merger talks
LIAT (1974), the 50-year-old commuter airline owned primarily by three Eastern Caribbean countries and Caribbean Star, a competitor launched in the mid-1990s by the Antigua-based American financier, Allen Stanford...
UK firms quit US online gaming
LONDON (AP): Leisure & Gaming PLC and FireOneGroup PLC yesterday became the latest companies involved in Internet gambling to withdraw from the United States market in the face of legislation that makes it illegal to gamble online in the U.S.
'Fickle' market forces change - Graphic design business says competition fierce
What started out as a printing company in a one room apartment, with a single vinyl machine on Haughton Avenue, St. Andrew, has now burgeoned into one of Jamaica's largest digital graphics solution company some 15 years later.
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