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Updated: 1 day 16 hours ago

BOJ ponders penalties ... For breach of RTGS rules

July 26, 2014 - 6:45pm
The Bank of Jamaica (BOJ) said it might penalise deposit-taking institutions which continue to clear cheques valued at more than J$2 million in the Automatic Clearing House (ACH) system instead of through the Real Time...

Maureen Hayden-Cater re-elected JBA president

July 26, 2014 - 6:45pm
President of First Global Bank, Maureen Hayden-Cater, has started her first full term as president of the Jamaica Bankers Association (JBA).

World Bank underwrites public-sector budget reform

July 26, 2014 - 6:45pm
In a bid to address the challenge of what it describes as uncoordinated spending by different ministries, agencies and public entities in Jamaica, the World Bank has rolled out a new public investment and training progamme...

FGB aiming to double corporate banking share

July 26, 2014 - 6:45pm
First Global Bank (FGB), a subsidiary of the GraceKennedy Group, is moving to double its market share each year for the next two years within the promising corporate banking segment, Chief Executive Officer Maureen...

Parish plans activated to facilitate local investment

July 26, 2014 - 6:45pm
A long visualised plan to complete sustainable development plans for each parish is now being activated, with the Sugar Transformation Unit moving to help underwrite the process in seven parishes identified as...

Cacao DeJamaique uses local cocoa in chocolate bar

July 26, 2014 - 6:45pm
Former Jamaica Cocoa Farmers Association (JCFA) operations manager, Lorenzo Buckley, and a business partner domiciled in the United States have put together financial resources to start Cacao DeJamaique, a fledgling local...

Peter Phillips' GCT turn wins business praise

July 26, 2014 - 6:45pm
On June 10, 2014, the Government tabled a bill titled the General Consumption Tax (Amendments) Act 2014 which, among other measures, would stipulate that GCT refund claims will move from the current 30 days...

Movements

July 26, 2014 - 6:45pm
Stewart now head's SME sales at LIMEAnne Marie Stewart is now head of small and medium enterprises (SME) sales at LIME.

Parliament approves levy on conch exports

July 26, 2014 - 6:45pm
A levy of US$0.75 has been imposed on each pound of conch exported during the 2014 conch season.The House of Representatives on Wednesday approved the Conch (Export Levy) (Rate of Levy) Order Resolution 2014...

Sterling Investments for JSE listing

July 26, 2014 - 6:45pm
Sterling Investments Limited (SIL) has engaged GK Capital Management and PWL Transition Limited (formerly First Global Financial Services Limited) as lead brokers for their upcoming listing on the main market ...

Retrial ordered in multimillion-dollar lawsuit

July 26, 2014 - 6:45pm
The Court of Appeal has ordered a retrial in a claim brought by St Andrew-based X-Ray and Diagnostic Ultrasound Consultants for damages against air-conditioning sales and service provider, CAC 2000 Limited...

Dry spell affecting hotel industry

July 26, 2014 - 6:45pm
The Jamaican hotel industry is being affected by the worsening dry spell with at least one resort in the eastern section of the island facing closure due to the water shortage.According to Michael Gayle, chairman of the Port Antonio chapter...

Jamaican phone scam targeting Pittsburgh area

July 26, 2014 - 6:45pm
Residents of suburbs in Pittsburgh, United States, have been warned to beware of a telephone scam believed to be based in Jamaica.The warning came from the district attorney for Allegheny County ...

Barbadian dollar in danger - Moody's

July 26, 2014 - 6:45pm
Promoted International credit-rating agency, Moody's, has warned that with Barbados' foreign reserves standing below the 2013 level, strain could be put on the dollar."Any further erosion in reserves would likely put further pressure on Barbados'...

Get paid for posts? Social networking's new twist

July 26, 2014 - 6:45pm
Facebook and most other social networks are built on the premise that just about everything should be shared - except the money those posts produce.At least two services are trying to change that.

SEC votes to end $1 a share for some money funds

July 26, 2014 - 6:45pm
Regulators have voted by a narrow margin to end a long-time staple of the investment industry - the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors.The idea is to minimise the risk of a mass...

Senate bill targets companies thatmove overseas

July 24, 2014 - 4:23pm
The Senate voted Wednesday to advance an election-year bill limiting tax breaks for United States (US) companies that move operations overseas...

US growth at weakest since recession - IMF

July 24, 2014 - 4:23pm
United States (US) economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund (IMF) said, mostly because of a sharp, weather-related contraction in the first quarter.In its annual report...

Format of new parliamentary report undecided - BOJ

July 23, 2014 - 4:12pm
The Bank of Jamaica (BOJ) said last week that, under new obligations created by the newly passed Banking Services Act, it will create an additional annual report which will be specifically for the use of legislators....

Amid sanctions, France in warship sale to Russia

July 23, 2014 - 4:12pm
France says it will go ahead with the sale of a warship to Russia, despite calls for an arms embargo against the country, highlighting how Europe's strong business ties are hindering its ability to punish Moscow over the crisis in Ukraine.Western powers...