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Jul 28, 2010
Sagicor addresses downgrade
The following is the full text of Sagicor Financial Corporation’s response to the downgrade of the group and several of its subsidiaries announced by international rating agency A.M. Best on Thursday.
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Jul 28, 2010
J'can economy 10 times worse than region
JAMAICA is projected to grow 10 times slower than the region in 2010, according to Business Observer analysed data from the Economic Commission for Latin America and the Caribbean (ECLAC) released last week.
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Jul 28, 2010
Guardian Asset to merge with Guardian Life
Guardian Asset Management's (GAM) Jamaican operation will be downscaled to a department and merged with the operations of Guardian Life Limited, once it finalises the deal to sell a portion of the investment house's portfolio to new kid on the block, Proven Investment Limited.
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Jul 27, 2010
Jamaica Money Market Brokers Limited – Notice of Annual General Meeting
NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will
be held at the Jamaica Pegasus Hotel, Negril and Montego Bay Suites, 81 Knutsford Boulevard, Kingston 5, Jamaica
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Jul 27, 2010
Scotiabank Trinidad & Tobago Limited - Resignation of Director
Scotiabank Trinidad & Tobago Limited has informed the Stock Exchange that on July 23rd 2010, Mr. Pasquale Minicucci resigned from the Board of Directors.
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Jul 26, 2010
CBB report shows drop in consumer credit
DUE to a drop in income levels, as well as uncertainties surrounding the short- and medium-term future of the local economy, Barbadians have been seen to be borrowing less.
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Jul 26, 2010
Scotiabank King Street Joins downtown merchants with loan sale
Scotiabank King Street has been a part of downtown Kingston for over 100 years. And as the 'mother' branch of one of the island's largest financial organisation,
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Jul 26, 2010
NCB responds to minimum balance fees issue
NATIONAL Commercial Bank (NCB) Group managing director Patrick Hylton has responded to criticism that the firm has been charging its customers a fee for holding small balances in their accounts.
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Jul 26, 2010
NCB to reduce lending rates next week. Bank creating loan facility targeted at medium-sized enterprises.
National Commercial Bank (NCB) will reduce base lending rates next week, against the backrgound of an increasingly competitive market for loan income.
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Jul 26, 2010
NCB 3Q profits flat
Led by its wealth management arm, the National Commercial Bank Group (NCB), is reporting third quarter profits of $2.76 billion, a marginal $42 million increase over the corresponding period last year.
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Jul 26, 2010
Scotia DBG Investments Limited – Resignation of Director
Scotia DBG Investments Limited has advised the Stock Exchange that Miss Muna Issa has resigned from the Board of Directors of Scotia DBG Investments Limited effective July 19, 2010.
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Jul 26, 2010
GraceKennedy Limited – First Global Bank Limited – Appointment of President
Mr. Courtney Campbell, Chief Executive Officer, GraceKennedy Financial Group Ltd. (GKFG), is pleased to announce the appointment of Mrs. Maureen Hayden-Cater to the position of President, First Global Bank Ltd., effective August 1, 2010.
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Jul 23, 2010
Sagicor downgraded
Sagicor Life Jamaica Limited has been lumped with its Barbadian parent in a downgrade of the group that rating agency A.M. Best suggests is too exposed to the vicissitudes of the Jamaican economy.
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Jul 23, 2010
Regional outlook still shaky for 2011
ALTHOUGH recovery from the global economic crisis has looked upon as one that has been relatively quick, particularly in certain sections of the Latin American and Caribbean region,
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Jul 23, 2010
Caribbean region expected to see positive growth
ECONOMIC recovery in the Latin American and Caribbean region is expected to manifest itself with positive growth being recorded this year, however, when broken down Caribbean countries are still expected to be returning negative performances.
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Jul 19, 2010
Demand for loans still weak
The banking industry normally mirrors what happens in the national economy; therefore, just as the economy is going up and down, the performance of the bank will also fluctuate.
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Jul 19, 2010
Scotia loan fund oversubscribed
SMALL and medium-sized enterprises (SMEs) grabbed up lower-cost loans made available through Scotiabank Jamaica's Productive Sector Growth Fund (PSGF), launched last October, while the high demand pushed the bank to approve more than the $500 million it put aside for the lending facility.
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Jul 19, 2010
US investors face heavy taxes
With the recent implementation of the Hiring Incentives to Restore Employment Act of 2010, US permanent residents or citizens in Jamaica who hold investment instruments in excess of US$50,000 may be subject to significant US tax and penalties by next year.
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Jul 19, 2010
Take advantage of optimistic business environment, says Orane
CHAIRMAN and CEO of GraceKennedy (GK) Limited, Douglas Orane has called on businesses to take advantage of the optimistic business environment that prevails 'post-JDX' and look at non-traditional produce among the possibilities for development.
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Jul 16, 2010
Central Bank of Barbados: Inflation rate drops to 3.3 per cent
THIS week the Central Bank of Barbados announced an inflation rate of 3.3 per cent.
And should the rate hover around that figure for the remainder of this year it would perhaps be the lowest in recent times.
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