Latibeaudiere wants single financial regulator - To lobby for full authority over $1.2 trillion financial sector
Jamaica's central bank chief, Derick Latibeaudiere, wants one regulatory authority for all financial institutions, saying he will be pushing for full oversight to be brought under the ambit of the Bank of Jamaica (BoJ). "My preference," said Latibeaudiere to his colleagues gathered...
$100m upgrade for Wexford
Taking aim at the meetings market, the new owners of Wexford Hotel in Montego Bay have invested $100 million in a conference centre and other upgrades to the small property. Wexford's new chairman, Carlyle Allen, said in a release that the new meeting centre...
Shaw 'impresses' multilaterals - New team said knowledgeable, engaging
Finance Minister Audley Shaw on his first mission to Washington, made a 'first class' presentation on Jamaica's economic plan to the multilaterals in Washington, says his deputy Don Wehby, that impressed the financiers. The team returned Wednesday....
Paymaster goes after value, expanding internationally - Decade-old company processing $60b payments annually
Paymaster Jamaica Limited, now in its 10th year, says it is immediately going after more value from its business locally while it seeks to expand its international operations over the second decade in business. Chief executive officer and founder Audrey Marks said the company...
Ex-banker convicted for fraud in Dominican bank collapse
A prominent former banker was convicted on Sunday in a US$2.2 billion fraud case that drove the Caribbean nation into an economic tailspin four years ago.Ramon Baez Figueroa, former president of Banco Intercontinental SA, was the first official...
Treasury yield falls
The last treasury auction has carved 68 basis points off benchmark interest rates, resulting from a 13.61 per cent yield on the six-month bill issued Wednesday.September's bill had yielded 14.29 per cent on a similar tenure, prompting speculation that interest rates could begin to climb...
LIAT finalises acquisition of rival's assets - Last touchdown for Carib Star November 15
LIAT (1974) Limited and chief rival Caribbean Star Airlines Limited finalised and executed the deal for LIAT to purchase the assets of Caribbean Star Airlines this week following a year of negotiations that began last October. The agreement, which was jointly announced by the companies...
Tax boss heads to IMF - One-year secondment to Washington for Keene
Director General of the Tax Administration Department, Vinette Keene, heads to Washington on November 1 to take up a one-year posting as technical advisor to the International Monetary Fund (IMF). Keene who has worked in the Jamaican tax system for 25 years...
New USAID director posted
The United States Agency for International Development (USAID) has chosen Karen Hilliard as the new mission director to Jamaica. She was sworn into office in early October.The Americans, in outlining Hilliard's priorities, define Jamaica as a "maturing democracy ...
Jamaica financial meltdown: a final note
I have a confession to make. When you become tired of talking about a subject, it is perhaps time to leave it alone. This is exactly the way I feel about the Jamaican indigenous financial sector meltdown. I write this purely because of responses I have got. Questions abound.
DB&G front-running case continues December 7
The hearings into alleged front running by the stockbrokerage arm of Dehring Bunting and Golding (DB&G), a charge made by one of its clients, continues December 7.At this time, providing that all information is received, a decision is expected then and recommendation...
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