First Global to launch two unit trusts - Moratorium ends 'this year', says FSC
First Global Financial Services (FGFS), the money management subsidiary of the GraceKennedy conglomerate, plans to launch two unit trusts once the Financial Services Commission (FSC) outlines the basis under which it will further open the market for such investments schemes....
Jamaica boosts C&WI performance
CITING STRONG growth in Jamaica's broadband and mobile services, and broadly across its 26 markets, Cable & Wireless International (C&WI) announced a seven per cent rise in revenues to 1.23 billion. In fact, Jamaica was three points ahead of the pack with 47 per cent growth...
NCB's Hylton aims for 'prudent' loan growth
Patrick Hylton is on a crusade for new loans but, given National Commercial Bank's distressed history, has defined the hunt according to the conservative banker's code."As you know, we have to grow the loan portfolio prudently," said Hylton...
Seeding agriculture - Region to make case for US$300m of financing
Caribbean countries facing a dwindling agricultural sector and a skyrocketing annual food import bill of over US$2 billion will meet with international lenders in June to weedle financial and technical assistance for expansion and diversification of the sector....
Management transition presents opportunity to grow DB&G - Schnoor
Anya Schnoor, the newly tapped CEO of Dehring Bunting and Golding, says the pending departure of Peter Bunting won't hurt the investment bank, arguing that it merely truncates the transition period originally defined as two years in the takeover document....
Sugar production hits 500,000 tonnes - Jamaica top producer in April
Regional sugar production crop year to date is approaching 500,000 tonnes, 88,000 of which was milled in April.Jamaica remained the top producer for that month with 29,309 tonnes, boosting its overall contribution to the pool of more than 127,000 tonnes....
Alcan seeks new suitors, richer offer
Canadian aluminum producer Alcan Inc., fending off a hostile US$27 billion takeover bid by United States (U.S.) competitor Alcoa Inc., has entered into talks with Australian mining giant BHP Billiton Limited, a newspaper reported. Analysts say such negotiations could be under way...
Paul Wolfowitz's demise
After a prolonged ill-advised battle, Paul D. Wolfowitz's resignation as president of the World Bank becomes effective the end of June. Among a sheaf of questionable decisions and apparently vindictive rulings, Mr. Wolfowitz had arranged for Shaha Ali Riza....
Lessons for Jamaica from new UK companies legislation
THE NEW United Kingdom Companies Act 2006 comprises 1,300 sections and is said to be the single largest piece of United Kingdom (U.K.) legislation.Some eight years in the making, the new act received Royal Assent on November 8 and is expected to be fully implemented...
Potential Wolfowitz successors
WORLD BANK shareholder nations on Wednesday called for a more transparent process to select the next bank chief, but stopped short of picking a fight with the United States(U.S.) administration by demanding radical changes.
|
