Government of Jamaica, dealers at odds - Benchmark T-bill auction suspended
A decision by Government not to issue the monthly six-month Treasury bill, used as an index for repricing of variable rate debt issues, has created some nervousness among brokers in the market who had anticipated higher yields from the auction in February and, therefore bigger returns...
A single bid for Sugar Company of Jamaica (SCJ)
Only one company has bid for the assets of the Sugar Company of Jamaica (SCJ), The Financial Gleaner understands. However, informed sources say that more than one of the eight companies approved to bid for the SCJ's assets had joined together...
Petrojam, Coimex negotiating new ethanol deal
Petrojam Ethanol Limited (PEL) is to revert to full Government ownership at the end of May if current negotiations for an extension of the partnership agreement with Brazil's Coimex Group is not finalised. Coimex has a 20 per cent stake in the operation of the dehydration facility plant...
Oil bill could derail fiscal programmes - BoJ - Forecasts imports to grow by US$500m
Jamaica's central bank governor has waded into the growing debate on energy conservation, warning the Bruce Golding administration that its fiscal programme could go awry if the island maintains its gluttonous consumption of oil. "[The] oil bill could increase...
BoJ predicts inflation of 8-11 per cent next year
The central bank projects that inflation for the fiscal year ending March will top 17 per cent, but expects the rate of price increases to more than halve during 2008/09 financial year. Bank of Jamaica (BoJ) governor Derick Latibeaudiere forecast inflation in the fiscal year...
Shaw to probe financial crash - To set up commission of enquiry
Audley Shaw, minister of finance and the public service, says he will be recommending that a Commission of Enquiry be set up to investigate what went wrong in the meltdown of the financial sector in the 1990s. But he says the panel would not be convened...
UNDERSTANDING THE EPA - Part 7 - No limits on rice exports to EU after 2010 - But low Caribbean output a damper on trade
For a number of years in the late 1990s, rice producers in Guyana and Suriname were lobbying in Europe to try to achieve language in the Cotonou Convention that would ensure greater access for exports of Caribbean rice to the European Union (EU). ...
AIC offloads 19.8 million NCB shares
National Commercial Bank of Jamaica's parent AIC has disposed of just under 20 million of the bank's shares in the past year, in what the Canadian company has said are routine trades.The last sale was executed this week, a Financial Gleaner review of filings with the stock exchange...
DB&G Merchant to offer lease financing option
DB&G Merchant Bank, a subsidiary of the newly renamed ScotiaDBG, is targeting loan growth of 25 per cent by diversifying into lease financing within the second quarter or by April.The new product targets companies wanting the use of equipment or commercial vehicles...
$5b ad industry to push for agency accreditation
The Advertising Agencies Association of Jamaica (AAAJ) is to push for a programme of accreditation for existing agencies, and will be creating a promotional campaign to "reinforce the value" of the sector to the economy.AAAJ president Andrew Rousseau...
Jamaica Broilers doubles revenues on ethanol sales - But production costs weigh on profits
Jamaica Broilers Group revenues continued to be fuelled by ethanol, whose sales of $1.8 billion in the quarter ended January 5, 2008, boosted the poultry company's turnover to $5.2 billion, or just about double the $2.8 billion earned in the comparative period a year ago....
COMMENTARY - What's up at University of the West Indies (UWI)
The Mona Association of Postgraduate Students statement that the "University of the West Indies (UWI) has regarded itself as the leading institution in the area of research, (that it) brags about its numerous publications in top international journals ...
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