Ciboney selling last major asset
Resort company Ciboney Group Limited has wrapped up the US$17.5 million sale of its St. Ann-based hotel to Rios Hotel Managment, a subsidiary of the Gordon 'Butch' Stewart-controlled Sandals Group, but the cash-strapped company...
Statin reports 2.4% growth in June quarter
The Jamaican economy recorded 2.4 per cent growth during the three months to June relative to the first fiscal quarter of 2005, according to the Statistical Institute of Jamaica (Statin).
BWIA heads into retirement as Caribbean Airlines launched
Caribbean Airlines (CA), the replacement carrier for BWIA, was officially launched in Port-of-Spain, Trinidad, Monday, marking the beginning of the end for BWIA which will fade away at yearend.
Pension refunds begin but payments slow
The Ministry of Finance has began issuing refund cheques to pension funds, but not at a pace fast enough to appease some investment managers. "Well, we got our money but I understand some persons have not got all they were hoping for," a pension fund...
Two sticking points in credit union regulations
The Jamaica Cooperative Credit Union League (JCCUL) is refusing to sign off on a stipulation that a start-up credit union must now have minimum capital $20 million, under new rules being crafted for.
Value stocks and long-term buys
Desnoes and Geddes - Desnoes and Geddes' export volumes have grown an impressive 31 per cent for the second year running, according to financial controller Laurence Turnbull. This was driven by the beverage company's U.S. market...
Market volumes remain thin
In the first trading day after Monday's Heroes Day holiday, the Jamaica Stock Exchange got off to a positive start with all three indices advancing. But analysts remained cautious, pointing to thin trading volumes.
UK inflation slows but interest rate hike still likely
LONDON, United Kingdom (Reuters): Higher British interest rates looked almost certain on Tuesday. Data showed that price pressures in most parts of the economy gathered pace last month, even though tumbling petrol prices pushed headline ...
Industrial production decline a sign of slowing US economy
WASHINGTON, United States (AP): Wholesale inflation in the United States plunged by the largest amount in more than three years in September as a record drop in gasolene prices offset higher costs for cars and other items.
|
