JMMB sells stake in CMMB
Jamaica Money Market Brokers has sold its 45 per cent stake in its Trinidad affiliate Caribbean Money Market Brokers (CMMB) to majority partner CL Financial for US$41.37 million or J$3 billion.JMMB has given up both its stake in CMMB and in its stake...
US$30m Chinese credit line for sugar - Cane farmers demand access
The Jamaica Sugar Cane Growers' Association (JSCGA) wants to tap into a government-backed US$30 million (J$2.16 billion) line of credit from the Chinese, funds earmarked for the purchasing of equipment to improve sugar-crop yields...
Modernising multilateralism and markets
September and October have shaped up to be hard months in a precarious year. A meltdown in financial, credit and housing markets. The continuing stress of high food and fuel prices and the dangers for poverty and malnutrition. Anxieties about the global economy...
Greek firm to acquire 10% of SVL - In 10-year sports betting deal
In 10-year sports betting dealSupreme Ventures Limited (SVL) is introducing sports betting in Jamaica in partnership with Greek firm Intralot.The 10-year agreement will see Intralot outfitting about 500 outlets for SVL under terms that gives the Greek...
Downturn no deterrent to Air Jamaica sale - Wehby
The global slowdown in aviation and financial markets, and Jamaica's own economic uncertainty, will not derail plans for the divestment of national carrier Air Jamaica, says Senator Don Wehby. Wehby, the minister without portfolio in the Finance Ministry...
Guyana may sign EPA after all - Jagdeo
Days ahead of the formalities, Guyana has moderated its tone on the controversial Cariforum-EC Economic Partnership Agreement (EPA), signalling that it would likely sign the pact alongside 14 other countries in Barbados today.President Bharrat Jagdeo,...
Bahamas to provide relief to struggling homeowners
Bahamian Prime Minister Hubert Ingraham said his government would assist homeowners struggling to keep up with their mortgage payments, amidst a downturn in tourism hit hard by the global financial meltdown....
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