KFC's US$1m reimaging - The Colonel dons an apron
Restaurants of Jamaica, the franchise holders of KFC, is investing millions of dollars to expand and remodel its stores, a dictate of the multinational parent which is trying to reshape its image worldwide and has carved out a new and contemporary design...
Courts freeze Croskery, Chen-Young assets - Trail of hidden properties unearthed
THE SUPREME Court of Jamaica and the Circuit Court for Miami-Dade County, Florida, have frozen assets of Dr. Paul Chen-Young, former boss of the Eagle group, and stockbroker Hugh Croskery. Croskery, chairman of Stocks and Securities Limited (S&S), a New Kingston brokerage...
Pan Caribbean transformation by year end -Pratt dismisses suggestions commercial bank market crowded
Although he declined to give a specific date, citing regulatory disclosure requirements, general manager of Pan Caribbean Merchant Bank, Henry Pratt, says that he expects the financial institution to fully complete its...
Changing oil dynamics - Trinidad proposes refinery, natural gas line deals with Venezuela
PATRICK MANNING has proposed that oil capitals Caracas and Port-of-Spain collaborate on building a new oil refinery in Trinidad, capable of processing 250,000 barrels of crude per day, but also wants to deepen their relationship on energy despite fears his country's traditional...
Market disappointment
The Jamaica Stock Ex-change dropped more than 10,000 points in the first calendar quarter, evidence of its struggle to maintain a connection with investors that seem to have lost interest in the roller coaster ride that the market depicts....
JDIC banking on healthy financial sector - No premium rate increase for policyholders
Antoinette McKain, the new boss of Jamaica Deposit Insurance Corpo-ration, has confirmed that there will be no adjustments of the premiums paid by its policyholders, despite a doubling of insurance coverage of depositors in the event any of the companies it insures...
Flat financials force First Global
FIRST GLOBAL Bank, which posted flat results for its 2006 financial year, has seen a surge in loans booked during its first quarter, Managing Director Wayne Wray, told Financial Gleaner this week. The bank, he concedes, is now forced to grow its loan portfolio...
In Leslie Robinson's honour: commitment to better schooling
MY FIRST funeral attendance was that of my father. Fourteen years old, I made a secret pact with myself never to attend another. How silly of me. Excusable by virtue of grieving or youth? Time passed and duty dictated I attend several.
COMMENTARY - POCA sharpens anti-money laundering provisions
A RECENT Privy Council decision, which highlights the challenge of enforcing anti-money laundering legislation, held that: "The essence of drug trafficking is dealing or trading in drugs. People engage in this activity to make money and it is notorious...
Breached budget promises widen credibility gap
A senior business leader once told me that confidence was 'suspicion gone to sleep'.Why should we be suspicious of the current budgetary process? - we were not told about Air Jamaica losses until questions were asked in the Senate; we are only now being told...
Top bauxite exporter withdraws mining agreements for review
Guinea, the world's number one bauxite exporter, says it is with-drawing agreements made with a U.S. oil company and a Russian-managed bauxite producer as part of a planned review of minerals contracts. The withdrawals were announced in a government statement readon state...
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