Jamaica Gleaner Business
Published: Monday Wednesday | December 31, 2008
New head at FirstCaribbean Jamaica
FirstCaribbean International Bank (FCIB) has named Clovis Metcalfe, a 36 year banking veteran, the new head of its Jamaican operation, replacing Milton Brady."My predecessor has set a good track record and it is important to continue...
Poor bookings not enough to predict season - Bartlett
Early reported signs of a near one third fall off in tourism business in the winter season have been knocked by tourism minister Edmund Bartlett as overly pessimistic. Instead, Jamaica will likely experience a 10 per cent to 15 per cent decline...
General Motors offers 0% financing to boost sales
General Motors Corp said Tuesday it will offer financing as low as zero per cent over the next week for several 2008 and 2009 models as the automaker makes a big year-end push to improve sales. The news comes a day after its troubled lending unit, GMAC Financial Services LLC...
H&L financial controller quits
Hardware and Lumber's (H&L) chief financial officer, Jacqueline Johnson, has resigned, after approximately 18 months in office. Johnson's resignation takes effect January 17, but she has already left, the company said Tuesday...
Celebrating on a budget
The parties were not as prolific this season as last year, suggesting a cut in entertainment spending, and now the traditional New Year's Eve hosts are looking to specials to entice business.Still, the parties are not cheap...
A record yearfor IDB funding
The Inter-American Development Bank and its affiliates this year approved US$12.2 billion in loan and aid support to Latin American and Caribbean (LAC) member countries, setting a new record in a year of crisis.The approvals represent a 27 per cent...
Amid Caribbean slump, Curaçao booms, thanks to Venezuela
IN A grim season for Caribbean tourism, an island just north of Venezuela stands out: hotel rooms are scarce and discounts unavailable.That's largely because Curaçao is crowded with Venezuelans, many fleeing their country's spiralling inflation ...
Liquidation of Madoff firm a pricey US$28m
United States Bankruptcy Judge Burton Lifland on Tuesday approved the transfer of US$28.1 million to cover expenses tied to the liquidation of Bernard Madoff's investment firm. Madoff is accused of running an elaborate pyramid scam that duped investors ranging...
GMAC gets US$6b rescue
The United States Treasury Department says it will provide US$5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp, from the US$700 billion bank rescue programme. The government will receive preferred shares that pay...
