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Mar 08, 2010
Mixed results at FirstCaribbean
FIRSTCARIBBEAN International Bank has recorded decreases in net income and net interest income for the quarter ended January 31, 2010, but operating income grew.
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Mar 08, 2010
Cement probe extended
The Anti-Dumping and Subsidies Commission (ADSC) has given itself another 45 days to complete its investigations of Vulcan cement, which was introduced to the Jamaican market more than a year ago when Tank-Weld Metals entered the cement-distribution market.
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Mar 08, 2010
Capital and Credit debuts debit card - Joins Easi-Access network
Capital and Credit Merchant Bank (CCMB ) has issued its own debit card, giving some of its account holders access to the local MultiLink networks for both automated banking and point-of-sale transactions.
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Mar 08, 2010
Remittances at four-year low - But stability forecast for 2010
Money transfers from Latin American and Caribbean migrants to their home countries are likely to stabilise in 2010 after suffering a 15 per cent drop in 2009, according to a new report last Thursday by the Inter-American Development Bank's Multilateral Investment Fund (FOMIN).
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Mar 08, 2010
NCB cuts over 100 jobs
NATIONAL Commercial Bank (NCB) announced on Friday it will cut over 100 jobs in a move to manage costs.
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Mar 05, 2010
JDX has forced Scotiabank to focus on non-government business — Bowen
SCOTIABANK CEO Bruce Bowen says the silver lining in the Jamaica Debt Exchange (JDX) programme is that it has forced the firm to agressively focus on non-government business and balance its risk.
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Mar 05, 2010
Lascelles sale 'not on the agenda'
Shareholders of Lascelles deMercado and Company were assured by Trinidad-appointed Chairman Dr Shafeek Sultan-Khan Thursday that there was no threat
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Mar 04, 2010
PLIPDECO Limited – Change in Executive
PLIPDECO Limited has informed the Exchange that Mr. Ernest Ashley Taylor has been appointed President of Point Lisas Industrial Port Development Corporation Limited (PLIPDECO) effective March 1, 2010.
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Mar 04, 2010
Seafood chain to close
Seafood franchise Long John Silver’s is closing its doors in Trinidad and Tobago.
Joseph Esau, chairman and interim CEO at Prestige Holdings, the franchise holder for KFC, Long John Silver’s,
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Mar 03, 2010
Tourism sector 'lost $180m'
ONE HUNDRED AND EIGHTY MILLION DOLLARS, and still counting. That's the amount of money this island's tourism sector lost last year. And according to Sue Springer, executive vice-president
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Mar 03, 2010
Carib Cement closes '09 on $145-m loss
THE Caribbean Cement Company (CCC) recorded a $69.7-million net loss for its fourth quarter which was nearly half the $144.5 million loss recorded for the entire 12 months ending December 31, 2009.
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Mar 03, 2010
Moody's upgrades Jamaica's rating
MOODY'S yesterday upgraded Jamaica's local and foreign currency bond ratings on the Government's improved liquidity following the Jamaica Debt Exchange (JDX), which has led to lower interest cost and inflows of funds from multilateral institutions.
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Mar 03, 2010
JMMB cuts rates
JAMAICA Money Market Brokers (JMMB) on Monday reduced rates on all its existing loans by two percentage points and has dropped rates across all loan offerings going forward.
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Mar 03, 2010
BOJ frees up foreign cash
The Bank of Jamaica (BOJ) has softened its stance on liquidity requirements for foreign currency holdings, with a two percentage point cut in the cash and liquid assets that banks must deposit with the central bank.
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Mar 03, 2010
Sagicor Jamaica sells general insurance subsidiary
Sagicor Life Jamaica Limited (SLJ) has sold off its general insurance business in Cayman Islands to Bahamas First Holdings Limited but is awaiting regulatory approval for final closure of the deal, three years after it had increased ownership in the company to 75 per cent.
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Mar 03, 2010
Scotiabank: T&T economy transforming for growth
The worse of the recession is over, but concern still remains about the performance of the global economy when stimulus spending from the world’s leading economies dry up, says Richard Young, managing director, ScotiaBank T&T Limited.
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Mar 02, 2010
Prestige Holdings closes on Long John Silver’s chain
Prestige Holdings decided to close its Long John Silver’s chain of fast food restaurants locally and is considering the future of TCBY Treats after poor performances in the past financial year.
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Mar 02, 2010
NCB Harbour View to close. Operations to merge with Winward Road branch
National Commercial Bank (NCB) will by early April close its branch at the Harbour View Shopping Centre in Kingston.
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Mar 01, 2010
Agostini’s Limited – Notice to Shareholders – Update on Acquisition of Smith Robertson & Company Limited and SuperPharm Limited
We take this opportunity to update our Shareholders on the company’s acquisition of Smith Robertson & Company Limited and SuperPharm Limited.
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Feb 26, 2010
Drop in first quarter profits for FirstCaribbean group
FOR the three month period ended January 31st, 2010, which is representative of the first quarter of the 2009-2010 financial year for FirstCaribbean International Bank Limited, there was a drop in profits of approximately US$7 million when compared to the previous year.
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