National Commercial Bank of Jamaica (NCB) raises US$50m - Builds pool of international credit
National Commercial Bank of Jamaica (NCB) has raised another US$50 million in securitised notes on the international market, which CEO Patrick Hylton says will be used for loans, investments and other transactions. NCB used a Cayman Islands-incorporated special purpose vehicle...
Capital and Credit launches US brokerage
The Capital and Credit Financial Group (CCFG) has established an international brokerage firm in Florida, United States in which it has 100 per cent ownership held under a company created for the purpose, Capital and Credit Holdings Incorporated (CCH)...
Life of Jamaica's (LOJ) bid for GEASO fair -Byles
Life of Jamaica's (LOJ) president, Richard Byles, speaking out for the fist time, was dismissive Tuesday of suggestions that there was "hanky panky" involved in his company being preselected for the Government Employees Administrative Services Only health scheme....
Douglas Orane to head new board - ONE1 Financial a $170m acquisition
GraceKennedy's 90 per cent acquisition of the ONE1 Financial brokerage was near a $170 million deal, informed sources say, and there are plans by the conglomerate's investment arm to stamp the business with the First Global brand. The two-year-old...
Petroleum Corporation of Jamaica (PCJ) selling US$25m wind farm
The Petroleum Corporation of Jamaica (PCJ) has put up for sale its 20.7 megawatt capacity Wigton Windfarm Limited, the price of which will be determined by the winning bid. The PCJ, however, is unlikely to look favourably at an offer that is below the US$25.5 million...
Jamaican currency loses big against the pound, Canadian dollar - Analysts predict trend will continue
Sabrina GordonBusiness ReporterThe Jamaican dollar has lost 7.1 per cent of its value against the pound sterling, and 14.8 per cent against the Canadian year to date, but market analysts say the depression is in line with big swings seen in former periods...
Antigua seeks $3.4 billion in trade sanctions against US
The tiny Caribbean nation of Antigua and Barbuda asked the World Trade Organisation (WTO) on Tuesday for the right to authorise US$3.4 billion (€2.5 billion) in commercial sanctions against the United States for its failure to comply with a ruling that its Internet gambling...
The bio boom
Say biotechnology and it is billions of organisms getting scrutinised under the microscope that one associates with the word. So, why is biotechnology such a buzzword? A BioSpectrum-ABLE (Association of biotechnology-led enterprises) industry survey...
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