Government plans floating LNG plant... Land-based facility delayed
Jamaica is exploring the possibility of using a floating LNG storage and regasification plant as a medium-term strategy to meet a 2009 deadline for the expansion of the Alcoa alumina refinery and the conversion of local electricity providers...
Fiscal performance derails in September ... Delayed pension payments hit numbers off target
Finance minister Dr. Omar Davies beamed over his ministry's performance for the fiscal year at a press conference two weeks ago, but that was before central government fiscal numbers for September this year showed revenues falling...
Clarke, Bunting slam forex traders - Investment banker compares operation to lottery game
Two of Kingston's top financial sector bosses have acknowledged the loss of business from customers diverting funds to offshore foreign currency investments, but said it is having "a marginal effect" on their banks.
CAP projects US$500m direct flows from Jamalco plant
Clarendon Alumina Production Limited (CAP), the Government entity with a 50 per cent stake in the nation's second-largest alumina refinery, Jamalco, estimates that US$500 million (J$32.5 billion), or 40 per cent of the planned...
Manufacturers baulk at US$10m sales requirement for equipment loan
Subscribers to a new financing facility offered by Capital Solutions and M&T Bank must be making US$10 million to qualify for a minimum loan of US$1 million, a condition manufacturers already say will be "challenging" to meet.
Analysts expect SVL to make aggressive push into regional markets
Supreme Ventures' retention of foreign investment bankers UBS is being taken as a signal by market analysts that the lottery company is ready to execute plans for regional expansion. "I think what they are doing now is that they are getting ready...
Profits up 12% at DB&G
Dehring Bunting & Golding's net interest income, an indicator of business growth for the financial services firm, remained flat in the company's second quarter to September 30, 2006, although the company said...
Flat earnings for Courts Jamaica
Courts Jamaica Limited has recorded flat six-month profits of $384 million to October 1, 2006, compared to the year prior period on revenues of $2.9 billion. The furniture company, Jamaica's largest, did only $57 million or two per cent...
Alcan's cash flow hits record US$803m
MONTREAL, Canada (AP): Alcan Inc. says its third-quarter profit soared to US$456 million from a year-earlier $81 million, with the aluminium producer's cash flow hitting a record US$803 million.
Stock market activity lacklustre
Market activity on the Jamaica Stock Exchange continued to be lacklustre this week, indicating that investors were unimpressed with the numbers released by some companies. Dehring, Bunting and Golding, for example, saw a marginal six per cent increase...
|
