Mar 10, 2010
More cuts not ruled out, but NCB says no plans right now
LESS than 130 individuals have lost their jobs under National Commercial Bank's (NCB's) recent redundancy exercise, which the financial institution said was restricted to less than five per cent of its staff, but further cuts loom even while the bank says future reductions in staff is not expected to be of this magnitude.
[ more . . . ]

Mar 10, 2010
Carib Cement exports outpacing tariff-free imports
CARIBBEAN Cement Company yesterday said that exports of cement for 2010 thus far have outpaced that of imports under the existing duty waiver regime, which much like last year is contributing to lost revenue to the Government and the local manufacturer.
[ more . . . ]

Mar 10, 2010
JMMB offers shares to workers instead of inflation adjustment to salaries
Having held back on giving its employees inflationary increases to their salaries, Jamaica Money Market Brokers' (JMMB's) executive plans to create a new pool of shares under the Employee Share Ownership Plan (ESOP) to offer its team members rights to buy shares in the company at current trading price over the next three years.
[ more . . . ]

Mar 10, 2010
JSE bullish
Trading on the Jamaica Stock Exchange (JSE) has been bullish in recent weeks with stock gains nearing 50 per cent since late January, but market capitalisation still lags $363 billion below 2008 highs.
[ more . . . ]

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.
[ more . . . ]

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.
[ more . . . ]

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.
[ more . . . ]

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).
[ more . . . ]

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.
[ more . . . ]

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.
[ more . . . ]

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
[ more . . . ]

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.
[ more . . . ]

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,
[ more . . . ]

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
[ more . . . ]

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.
[ more . . . ]

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.
[ more . . . ]

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.
[ more . . . ]

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.
[ more . . . ]

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.
[ more . . . ]

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.
[ more . . . ]

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.
[ more . . . ]

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.
[ more . . . ]

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.
[ more . . . ]

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.
[ more . . . ]

Feb 26, 2010
Scotiabank to focus on shareholder profit
Continuing to post good profits in the first quarter of its 2009-2010 financial year, which runs from November to October 31, banking group Scotiabank this week made it clear that return on equity for shareholders will be its performance focus for this year and beyond.
[ more . . . ]

Feb 26, 2010
S&P moves Jamaica out of selective default
Following the successful completion of the Government of Jamaica debt-ex-change programme on Wednes-day, Standard & Poor's (S&P) raised ratings on the island, moving it out of selective default.
[ more . . . ]

Feb 26, 2010
NCB to focus on loans portfolio to set off JDX
THE National Commercial Bank (NCB) has signalled that a focus on its loans portfolio will guide its strategy for shoring up income lost from the financial fallout and the reduction in its interest income earnings from Government of Jamaica (GOJ) securities.
[ more . . . ]

Feb 24, 2010
Trinidad Publishing Company Limited – Special Meeting of Shareholders
Over the years your company, Trinidad Publishing Company Limited, has expanded its operations encompassing various aspects of the media. The Company was incorporated in 1917 and commenced business with the publication of a newspaper and in 1998 the operations of the Trinidad Broadcasting Group were assimilated into our organization.
[ more . . . ]

Feb 24, 2010
Cement war rages on
It appears there is no end in sight for the ongoing conflicts involving two key players in the local cement trade, with competition watchdog, the Fair Trading Commission (FTC), confirming this week that major importer of the product, Tank-Weld Metals Limited, has lodged a complaint against Caribbean Cement Company Limited (CCCL), alleging misleading advertising on the part of the Rockfort, Kingston-based producer.
[ more . . . ]

Feb 24, 2010
Scotia profits up again. Can NCB keep pace?
Scotia Group yesterday reported net profits of $2.774 billion over the first quarter ending January 31, 2009, an 11 per cent increase over the comparative period last year.
[ more . . . ]

Feb 23, 2010
Furness delisting from TTSE costs $10m
The two per cent of shares held by the public in Furness Trinidad Ltd cost Ignatius Ferreira, its chairman and chief executive, $10 million after the company was delisted from the T&T Stock Exchange (TTSE) last October.
[ more . . . ]

Feb 22, 2010
Varying prospects for Fortress funds – but mostly good things expected
FOR the remainder of 2010, there are a number of developments that could have a bearing on the performance of three of the funds managed by local investment firm Fortress Fund Managers.
[ more . . . ]

Feb 22, 2010
Last quarter improves year for Fortress fund
A fourth quarter return of 1.44 per cent has resulted in the Caribbean High Interest Fund managed by Fortress Fund Managers Limited ending the year with an overall return that was better than previously expected.
[ more . . . ]

Feb 22, 2010
Central Bank going on-line
The Central Bank of Barbados is making its economic information more accessible to its public effective this year.
[ more . . . ]

Feb 19, 2010
Guardian Holdings Limited – Press Notice to Shareholders: The Effects of the Jamaica Debt Exchange
The period for investors to commit to participating in the Jamaica Debt Exchange (JDX) has now closed. All indications are that the financial community has been very supportive with a take-up rate close to 100%.
[ more . . . ]

Feb 12, 2010
GraceKennedy Limited – Jamaica Debt Exchange Programme
GraceKennedy Limited has issued the following communication further to its press release of January 28, 2010, which stated that the Board of GraceKennedy Limited took the decision to fully participate in the Jamaica Debt Exchange (JDX) offer.
[ more . . . ]

Feb 11, 2010
PLIPDECO Limited – Change in Directors
PLIPDECO Limited has informed the Exchange that Mr. Wayne Punnette has been appointed as a Director for Point Lisas Industrial Port Development Corporation Limited (“PLIPDECO”) on the 9th day February, 2010.
[ more . . . ]

Feb 10, 2010
RBC executive: All types of lending down
With the exception of residential mortgages, all other types of lending are down, said Jim Westlake, a top executive at Royal Bank of Canada, which acquired RBTT in mid-2008. “Our numbers and projections, as you would expect, are affected by the economy.
[ more . . . ]

Feb 10, 2010
FSSF 'crucial' - To contain destabilising impact of JDX
The establishment of the US$950 million (J$85 billion) Financial Sector Support Fund (FSSF) created under the stand-by agreement between Jamaica and the International Monetary Fund is considered 'crucial' to stability,
[ more . . . ]

Feb 10, 2010
Finance Ministry floats new treasury bonds - BOJ cuts short-term rate
The Ministry of Finance has floated two new short term bonds on the market - with tenors of one and six months - which brokers say are comparable to the expected yields under the Jamaica Debt Exchange (JDX).
[ more . . . ]

Feb 10, 2010
Scotia DBG contracts
Scotia DBG Investments Limited has announced a contraction of its branches in a move to trim operational costs.
[ more . . . ]

Feb 10, 2010
Senior staff, agency cuts at NCB
With its profit spurt threatened by expected losses from the government-imposed debt swap, rising operational costs and income challenges in some segments of its operations, National Commercial Bank (NCB) has moved to trim its senior ranks, and has signalled deeper staff cuts and further shrinking of its sub-branches.
[ more . . . ]

Feb 10, 2010
Jamaican banks safe
Leading Jamaican banks are assuring account holders and other users of banking services that their savings and investments will be safe and that they will be able to get cash and access other financial services in the event of a major catastrophe, such as a serious earthquake or hurricane.
[ more . . . ]

Feb 10, 2010
Government of Trinidad and Tobago Bond Listing
On Wednesday 10th February, 2010 a bond issued by the Government of the Republic of Trinidad and Tobago with a face value of TT$3,399.8 million will be listed on the Stock Exchange.
[ more . . . ]

Feb 05, 2010
IMF says yes - US$1.27b loan for Jamaica approved - US$950m fund for financial sector
THE INTERNATIONAL Monetary Fund (IMF) on Thursday approved a US$1.27-billion (SDR 820.5 million) standby lending facility for Jamaica, and pave the way for other multilaterals to pour in additional capital of up to US$1.1 billion.
[ more . . . ]

Feb 05, 2010
Intralot buys 49.9%of SVL
THE CARIBBEAN subsidiary of Greek technology firm, Intralot SA, is now the single-largest shareholder in Supreme Ventures Limited (SVL), but the company has strategically confined its acquisition to 49.9 per cent of the gaming company, avoiding a takeover.
[ more . . . ]

Feb 05, 2010
Caribbean exchanges to install fully integrated trading platform
TRAYPORT Exchange Systems has announced two new contracts with the Barbados Stock Exchange and the Dutch Caribbean Securities Exchange NV. Trayport's Exchange Trading System will provide both exchanges with a fully integrated trading platform allowing them to develop their markets in debt and equity securities.
[ more . . . ]

Feb 05, 2010
JDX extended again for late applicants
THE FINANCE ministry said Wednesday that the Jamaican Government would continue to accept applications under the Jamaica Debt Exchange (JDX) programme up to the final settlement date on February 16.
[ more . . . ]

Feb 04, 2010
Listing of Shares – Prestige Holdings Limited
23,681 Ordinary Shares in Prestige Holdings Limited will be listed on the Stock Exchange effective Thursday 4th February, 2010 thus increasing the Company’s issued share capital to 62,010,792 Ordinary Shares.
[ more . . . ]

Feb 03, 2010
Benchmark rates drop by over 400 bps, but still higher than JDX short-term notes
TREASURY bill rates dropped over 400 basis points (bps) in the latest issues of the short-term instruments.
[ more . . . ]

Feb 03, 2010
Scotia launches new SME facility
SCOTIABANK will today open a six-month offer of loans to small and medium enterprises (SMEs) at a fixed rate of 16.75 per cent for one year.
[ more . . . ]

Feb 03, 2010
NCB bracing for JDX losses - Bank to raise fees, cut costs to maintain profits
National Commercial Bank of Jamaica (NCB), having boasted more than 16 per cent gain in first quarter profit, is already bracing for fallouts from the Jamaica Debt Exchange (JDX) programme.
[ more . . . ]

Feb 03, 2010
Cohen to run NCB Cap Markets
NCB Capital Markets Limited (NCBCM) continues to lose senior staff, but its parent National Commercial Bank of Jamaica is now saying it will not be recruiting a new chief executive for the wealth management subsidiary.
[ more . . . ]

Feb 03, 2010
Stock market regresses six years - Wealth depleted to $493b from high of $820b
The Jamaican stock market is performing at levels not seen for six years, as equities struggle to compete with other investments, notwithstanding an environment of falling interest rates that, theoretically, should be good for stocks.
[ more . . . ]

Feb 03, 2010
Fewer loans, less spending in 2010
Trinidadians and Tobagonians are buying fewer cars, building fewer homes and spending more on their credit cards
[ more . . . ]

Feb 03, 2010
Prestige Holdings Limited – Notice of the Appointment of Director
Prestige Holdings Limited is pleased to announce that Mr. Charles Pashley has been appointed a member of the Prestige Holdings Limited Board of Directors effective February 1, 2010, prior to his permanent appointment as Group Chief Executive Officer on April 1, 2010 as previously announced.
[ more . . . ]

Feb 01, 2010
NCB's net profit jump 16%
NATIONAL Commercial Bank (NCB) made $2.77 billion net profit for the three months ending December 31, 2009.
[ more . . . ]

Feb 01, 2010
Cement prices rise
STARTING TODAY, customers are expected to dig deeper into their pockets when purchasing a bag of cement.
[ more . . . ]

Jan 29, 2010
Slowdown cuts Republic's profit
The Republic Bank Group has posted a profit attributable to shareholders of $236 million for its first quarter ended December 31, 2009.
[ more . . . ]

Jan 29, 2010
JDX will result in short-term losses for some institutions
THOUGH the financial sector has come out in strong support of the Government's Jamaica Debt Exchange (JDX) programme, many will report losses as a result, some significant.
[ more . . . ]

Jan 29, 2010
Judgment reserved in TCL case against Guyana Govt
Judgment has been reserved in the matter involving Trinidad Cement Ltd (TCL) and its subsidiary, TCL Guyana Incorporated (TGI), following hours of legal arguments at the Caribbean Court of Justice (CCJ) against the Government of Guyana.
[ more . . . ]

Jan 29, 2010
CEO position unfilled - First Global regroups with new team members
IAN KELLY, the former head of RBTT Securities, has joined First Global's management team as senior vice-president, asset management and advisory services, at First Global Financial Services Limited (FGFS), one of five new appointments made this month.
[ more . . . ]

Jan 29, 2010
GK, Scotia seal loan deal
IN A deal worth $1.875 billion, conglomerate GraceKennedy Limited has secured financing to replace short-term bridge capital that was poured into its new warehousing and distribution hub under development on lands at Bernard Lodge, on the outskirts of Spanish Town.
[ more . . . ]

Jan 28, 2010
Ruling in Paymaster/Grace case by March
SUPREME Court judge Roy Jones is expected to hand down a decision in the copyright infringement/breach of contract claim brought by Paymaster Jamaica Ltd against GraceKennedy Ltd and software developer Paul Lowe, by March -- a landmark, precedence-setting ruling that could reshape the way corporate Jamaica henceforth treats with contracts and other issues related to intellectual property.
[ more . . . ]

Jan 28, 2010
JDX success! - Shaw says programme meets target Offer extended to assist small bondholders
FINANCE MINISTER Audley Shaw yesterday reported a 91 per cent take-up of the $701-billion Jamaica Debt Exchange (JDX) bond offer, ahead of the 90 per cent target, but said not all the subscriptions had been tallied.
[ more . . . ]

Jan 28, 2010
GraceKennedy Limited – Jamaica Debt Exchange Programme
The Board of Directors of GraceKennedy Limited has approved the company’s full participation in the Government of Jamaica’s Debt Exchange Programme. This participation extends to all subsidiaries of GraceKennedy Limited, including First Global Bank Limited, First Global Financial Services Limited and Jamaica International Insurance Company Limited.
[ more . . . ]

Jan 28, 2010
Guardian Holdings Limited – Announcement of Support for Jamaica’s Debt
Guardian Holdings Limited and our member companies in Jamaica – Guardian Asset Management, Guardian Life Limited and West Indies Alliance – wish to announce our support of the Debt Exchange initiative proposed by the Government of Jamaica.
[ more . . . ]

Jan 27, 2010
0.5 per cent growth this year, says PM
THE BARBADOS economy is likely to grow at a rate of 0.5 per cent this year, while the inflation rate has moderated over the past year.
[ more . . . ]

Jan 27, 2010
'Manufacturing sector key to growth'
The manufacturing sector contracted 5.6 per cent in the third quarter of last year even though the Central Bank is projecting two per cent growth in 2010.
[ more . . . ]

Jan 25, 2010
Sagicor Life exec bats for IRAs at JSE regional conference
AN individual retirement account (IRA) is a great tool for gaining significant tax advantages on your retirement savings, according to Sagicor Life Jamaica investment manager Brenda-Lee Martin.
[ more . . . ]

Jan 25, 2010
Scotia banks on Lopez
DEBRA Lopez has resigned as director of wealth management at FirstCaribbean International Bank Jamaica (FCIBJ) effective next month and will be joining Scotiabank Jamaica to head up its private banking arm -- Scotia Private Client Group (SPCG).
[ more . . . ]

Jan 25, 2010
NCB, Capital & Credit accept GOJ Debt Exchange
National Commercial Bank (NCB) and Capital & Credit Financial Group (CCFG) have formally accepted the government's Debt Exchange offer.
[ more . . . ]

Jan 25, 2010
Rebalance the economy
Former Central Bank Governor, Sir Courtney Blackman, stated: “In Barbados, we need to focus on rebalancing the economy.”
[ more . . . ]

Jan 25, 2010
Williams wants more diversity
The government sector is carrying the local economy. This is not sustainable and measures must be taken to give the private sector the confidence to restart investments in productive projects, said Central Bank Governor, Ewart Williams.
[ more . . . ]

Jan 22, 2010
World tourism to rebound from crisis in 2010, says UN
Global tourism is set to rebound in 2010 after the economic crisis and the swine flu pandemic produced "one of the most difficult years" for the sector, the UN World Tourism Organisation.
[ more . . . ]

Jan 22, 2010
RBC's US$2.2-billion RBTT acquisition in integration phase
THE US$2.2-billion RBC acquisition of Trinidadian banking house Royal Bank Trinidad and Tobago (RBTT) is now in the integration phase, with executives confirming the official merge is "soon to come".
[ more . . . ]

Jan 22, 2010
Auto dealers see tough year ahead
This year will be very challenging for Toyota in T&T, says Charles Campbell, Human Resource Manager at Toyota Trinidad and Tobago Limited. Speaking at the launch of the Employers Consultative Association (ECA) 50th anniversary celebrations
[ more . . . ]

Jan 22, 2010
Williams: 2% growth for economy in 2010
The good news is that Trinidad and Tobago’s economy should grow by two per cent this year after no expansion last year.
[ more . . . ]

Jan 22, 2010
Two leave Angostura board
Former CL Financial chief executive Steve Bideshi and former group chief financial officer Michael Carballo have resigned as directors of CL subsidiary Angostura Holdings Ltd, days after they announced their departure from the insurance and real estate conglomerate.
[ more . . . ]

Jan 21, 2010
Listing of Shares – FirstCaribbean International Bank Limited
3,240,154 Ordinary Shares in FirstCaribbean International Bank Limited will be listed on the Stock Exchange effective Friday 22nd January, 2010 thus increasing the Company’s issued share capital to 1,525,176,762 Ordinary Shares.
[ more . . . ]

Jan 20, 2010
Supreme Ventures Limited – SVL Restructures Gaming Lounge Operations at May Pen
Supreme Ventures Limited (SVL) has announced the restructuring of its operating hours at the Acropolis May Pen Gaming Lounge. The new operating hours will take effect on Wednesday 20th January 2010.
[ more . . . ]

Jan 19, 2010
Prestige Holdings Limited – Notice of the Appointment of CEO
Prestige Holdings Limited is pleased to announce that effective April 1, 2010, Mr. Charles Pashley will be joining the PHL family as the Group Chief Executive Officer. He will also be a member of the Company’s Board of Directors.
[ more . . . ]

Jan 15, 2010
350 bonds recalled - 24 new issues for placement Jan 18
The Jamaica Debt Exchange programme, made public on Thursday, will replace 350 Government of Jamaica bonds held by financial institutions and retail investors with 24 new notes in four classes, and cut as much as 16 percentage points off the prevailing interest charges.
[ more . . . ]

Jan 15, 2010
Fitch Downgrades Jamaica's Local Currency Ratings to 'C' Outlook remains negative
Fitch Ratings yesterday downgraded Jamaica's long-term local currency rating to 'C' from 'CCC'. In addition, Fitch has affirmed Jamaica's long-term and short-term foreign currency ratings at 'CCC' and 'C' respectively, and affirmed the Country Ceiling at 'B-'. Jamaica's sovereign ratings Outlook remains Negative.
[ more . . . ]

Jan 15, 2010
Trinidad & Tobago plants its flag in corporate Jamaica
OVER the last decade and a half, a number of leading Jamaican businesses have been snapped up by Trinidadian companies as a result of their ineffective management, a hostile operating environment and under-capitalisation.
[ more . . . ]

Jan 12, 2010
Sagicor Financial Corporation – Statement on Private Placement
The following press release was received from Sagicor Financial Corporation: Sagicor Financial Corporation (Sagicor) is a strong financial institution. Throughout its long history, the Board and Management have always adopted a conservative and prudent approach to managing its business.
[ more . . . ]

Jan 11, 2010
Grace batting for its new 'one-stop shop'
GraceKennedy (GK) subsidiary Hardware and Lumber Limited (H&L) says its recent consolidation of Western Union and Bill Express stores within its network is in an effort to promote synergies between the GK Brands.
[ more . . . ]

Jan 11, 2010
Capital & Credit Financial Group Limited – Announcement of Strategic
The Chairman & Group President of the Capital & Credit Financial Group Ltd. (CCFG), Mr. Ryland T. Campbell, C.D., has announced strategic re-organizing and re-structuring changes to the Organization aimed at achieving greater revenue, productivity, efficiency and improved customer service delivery.
[ more . . . ]

Jan 08, 2010
All's well at Sagicor!
RUMBLINGS in Trinidad and Tobago over a decision by Sagicor Financial Corporation to sell 11.76 million new shares to the board of the National Insurance Scheme (NIS) here have caused the Barbados-based company to assure shareholders that all was well in the billion-dollar firm.
[ more . . . ]

Jan 08, 2010
Sagicor to investors: 'We're not in trouble'
Moving to scotch speculation that it might be in trouble after two deals to raise cash, Sagicor Financial Corporation (SFC) said Thursday that it merely needed capital to fund its expansion in the United Kingdom (UK) and the United States (US)
[ more . . . ]

Jan 08, 2010
Guardian sheds European assets - Not exiting Jamaica, UK markets - Mack
Guardian Holdings Limited (GHL) has shed two more subsidiaries, Gibraltar-based insurance carrier Zenith Insurance Plc and GHL Insurance Services UK Limited, but said the transactions should not be viewed as a pull back from the European market but, rather, the shedding of underperforming assets.
[ more . . . ]

Jan 07, 2010
RBL’s Dulal-Whiteway predicts slower 2010 for loans
David Dulal-Whiteway, managing director of Republic Bank Ltd (RBL), anticipates that 2010 would be slower than 2009 when it comes to customers taking loans from RBL. “If you look at our balance sheet, we are in a very good position to deal with all the uncertainties that may come our way this year.
[ more . . . ]

Jan 07, 2010
Sagicor CEO explains Barbados transaction
Sagicor Financial Corporation’s (SFC) private placement of Bds$39 million worth of shares to the National Insurance Board of Barbados was part of its 2009 business plan, which included capital raising to finance acquisitions in the United States and the United Kingdom, said Dodridge Miller,
[ more . . . ]

Dec 31, 2009
Guardian Holdings Limited – Sale of European Motor Insurance Companies
The following press releases were received from Guardian Holdings Limited and Markerstudy Holdings: Guardian Holdings Limited (GHL) announces the sale and disposal of its Gibraltar based insurance carrier, Zenith Insurance, and its UK based insurance service company, GHL Insurance Services UK Limited.
[ more . . . ]

Dec 24, 2009
Prestige Holdings Limited – Notice of the Resignation of CEO
Prestige Holdings Limited wishes to advise that Mr. Dane Darbasie, Chief Executive Officer and Director of the Company, has tendered his resignation, in order that he may pursue new business opportunities and challenges.
[ more . . . ]

Dec 24, 2009
PLIPDECO Limited – Change in President
PLIPDECO Limited has informed the Exchange that Mr. Roger Traboulay resigned from the Corporation effective August 14, 2009.
[ more . . . ]

Dec 23, 2009
Agostini’s Limited – Notice to Shareholders of Acquisition of Smith Robertson & Company Limited and SuperPharm Limited
We wish to advise that the Board of Directors of Agostini’s Ltd. (“Agostini’s”) has signed a Letter of Intent with Victor E. Mouttet Ltd. (“VEML”), to purchase from VEML 100% of the shareholding of Smith Robertson & Company Ltd. and SuperPharm Ltd., for which, VEML and Smith Robertson & Company Ltd. have recently signed a Letter of Intent to Purchase.
[ more . . . ]

Dec 22, 2009
Alstons Limited – Notice of Class Meeting
The following notice was received from Alstons Limited: NOTICE OF CLASS MEETING NOTICE IS HEREBY GIVEN that a SEPARATE CLASS meeting of the holders of the 7% Cumulative Preference Shares of no par value in the capital of the Company will be held at the ANSA McAL Board Room, 10th Floor, TATIL Building, 11 Maraval Road, Port of Spain on Wednesday 30th December, 2009 at 11:00 a.m. where the following ordinary resolution will be proposed:
[ more . . . ]

Dec 18, 2009
BOJ cuts interest rates on open market instruments
The Bank of Jamaica (BOJ) says the interest rates applicable to its open market instruments will be reduced by 200 basis points effective today.
[ more . . . ]

Dec 18, 2009
CL Financial pushes Republic’s bad loans to $446M
BAD LOANS expenses for the now partially State-owned Republic Bank Limited increased from $34 million in 2008 to $446 million in 2009 due largely to the expected impairment of loans to the CL Financial Group, the bank confirmed this week.
[ more . . . ]

Dec 18, 2009
Sagicor Financial Corporation - Retirement of Chairman
The following press release was received from Sagicor Financial Corporation: Sagicor Financial Corporation announces the retirement of its Chairman Terrence Martins from the Board of Directors with effect from December 31, 2009.
[ more . . . ]

Dec 18, 2009
Neal & Massy Holdings Limited – Appointment of Group CEO
Neal and Massy has informed the Exchange that Mr. Bernard Dulal-Whiteway passed away on Saturday 12th December, 2009 and that Mr. Gervase Warner has been appointed the new Group CEO.
[ more . . . ]

Dec 16, 2009
FCIBJ weathers big impairment loss, sees profit growth
FIRSTCARIBBEAN International Bank Jamaica (FCIBJ) took a $264 million impairment on loan losses during the final quarter of its financial year which ended October 31, 2009.
[ more . . . ]

Dec 16, 2009
Carib Cement seeks US$15-m debt swap
A shortage of cash has forced Caribbean Cement Company (CCC) to ask its parent company, Trinidad Cement Limited (TCL) to swap US$15 million of the debt for preference shares in the company.
[ more . . . ]

Dec 14, 2009
NCBJ Limited – Notice to Shareholders
The following Notice to Shareholders was received from National Commercial Bank Jamaica Limited: With effect from January 1, 2009, all ordinary dividends paid by Jamaican resident companies to resident shareholders will be taxable at a nil rate.
[ more . . . ]

Dec 11, 2009
Lok Jack outlines - Guardian's recovery plan
Guardian Holdings Limited (GHL) has targeted TT$100 million of cuts to operating expenses, while growing revenues, to recover lost ground from the write-off of its loss-making British motor insurance subsidiary, Zenith.
[ more . . . ]

Dec 09, 2009
NCB selected Jamaica's top bank
National Commercial Bank Jamaica Limited (NCB) has been named Bank of the Year 2009 by The Banker, designating it the top entity in its home country.
[ more . . . ]

Dec 09, 2009
Proven seeks US$20m from listing
THE new investment vehicle led by Peter Bunting, Mark Golding, Gary Sinclair and Christopher Williams will be called Proven Investments Limited and will be looking to raise between US$15 and US$20 million when it lists on the Jamaica Stock Exchange (JSE) early in the new year.
[ more . . . ]

Dec 09, 2009
PCFS purchase gains $1.1b for Sagicor Life
Sagicor Life Jamaica (SLJ) last month paid its parent -- Sagicor Financial Corporation (SFC) -- $2.53 billion for an additional third share in Pan Caribbean Financial Services (PCFS), but the local life insurer has seen the value of its investments jump 43 per cent.
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Dec 09, 2009
A Change For ROYTRIN Investors
Local banking group RBTT Financial and its Canadian parent Royal Bank of Canada are changing the way rates are calculated for their Roytrin TT dollar and US dollar income funds.
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Dec 09, 2009
GHL looking to Central America
Insurance group Guardian Holdings Ltd is more focused now than it has been in a while. Group chief executive Jeffrey Mack describes the process to write off hundreds of millions of dollars of struggling business and ring fence its core operations as a ’refocusing’ of the Westmoorings-based group.
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Dec 07, 2009
Agostini’s profits plummet to $705,000
Agostini’s Ltd’s profits for the year ended September 30, 2009, plummeted to $705,000 following the company’s decision to sell the loss-making Agos Lighting. As a result, the board of Agostini’s has decided that no dividend will be paid this year. The company disposed of Agos, its subsidiary of 40 years, in September, after it suffered losses for “some time.”
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Dec 07, 2009
Sagicor Financial Corporation - Sale of shareholding in Pan Caribbean Financial Services Limited
Sagicor Financial Corporation (SFC) announces that it has sold its 33.3% shareholding in Pan Caribbean Financial Services Limited (PCFS) to its subsidiary Sagicor Life Jamaica Group (SLJ) as part of an internal realignment of the Group’s interests in Jamaica.
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Dec 04, 2009
Barbados Central Bank Governor says no need to fear over ratings fall
Barbados' new Central Bank Governor says there's no need to worry about the recent downgrade in the country's economic outlook by rating firm, Standard & Poor's (S&P). In fact, Dr DeLisle Worrell says it doesn't mean much considering Barbados is not seeking a loan on the international market.
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Dec 04, 2009
Michael Lee Chin to serve as CEO of Portland Counsel (Wellum to depart December 31)
PORTLAND Investment Counsel Inc has announced a change in the company's organisation with the upcoming departure of Jonathan Wellum, chief executive officer and chief investment officer on December 31st, 2009. Michael Lee-Chin, executive chairman, will resume the role of chief executive officer and Randy LeClair will take on the role of Portland Investment Counsel's chief investment officer.
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Dec 04, 2009
Bunting's new finance house to list
PETER Bunting's new finance house is to follow Barita Investments and list on the Jamaica Stock Exchange (JSE) early in the new year, taking the number of listings to 46. The Initial Public Offering (IPO) is expected to be announced over the coming weeks.
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Dec 04, 2009
RBTT CEO: Roytrin accounts safe
Responding to concerns raised by a few investors, RBTT group chief executive Suresh Sookoo moved yesterday to give assurances about the safety and sustainability of the bank’s Roytrin TT dollar and US dollar income funds.
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Dec 02, 2009
Top 10 stocks jump 18-60% in Nov
The price of the top 10 advancing stocks on the Jamaica Stock Exchange (JSE) increased by between 18 and 59.9 per cent during the month of November with investors in Jamaica Pegasus earning about $600,000 for every $1 million held in the stock.
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Dec 02, 2009
Carib Cement is JIE Project of the Year
THE Caribbean Cement Company Limited (CCCL) Kiln 5 project has been named "Project of the Year" by the Jamaica Institution of Engineers (JIE).
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Dec 02, 2009
Barita owners eye hefty gain from public offer
BARITA Investment Limited’s owners may stand to see a hefty gain on the value of their shareholdings upon completion of the public offer, which they hope will raise over $1 billion.
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Dec 02, 2009
Chris Williams leaves NCB
MANAGING director of NCB Capital Markets, Christopher Williams resigned yesterday after five years in the post.
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Nov 27, 2009
Bondholders put Lee Chin under pressure
Holders of AIC (Barbados) notes were yesterday informed that the Michael Lee Chin-owned firm was unable to make good on a promise to honour bond payments which became due today, and were issued with three options by trustee PanCaribbean.
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Nov 27, 2009
Barita to list
After over 32 years in the business, Barita Investments is finally going public. The announcement was made on Wednesday at a Press Conference held at the Courtleigh Auditorium, New Kingston.
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Nov 26, 2009
Scotia posts $455m income
Scotiabank has posted income after taxes of $455.1 million for its year ended October 31, 2009.
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Nov 25, 2009
Jamaica under default rating threat
Fitch Ratings is threatening to downgrade Jamaica's creditworthiness to "default" if Government undertook debt restructuring that lead to any material loss to creditors.
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Nov 20, 2009
GHL puts Zenith insurance up for sale
Insurance conglomerate Guardian Holdings Ltd will sell off its failing United Kingdom motor insurance business by the end of the year.
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Nov 19, 2009
We've only just begun
When ANSA Merchant Bank Ltd last Thursday announced after-tax profits that soared 82 per cent to $152.4 million for the nine-month period, those results came after the disappointing results recorded by two financial institutions.
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Nov 19, 2009
ANSA launches first major euro fund
ANSA Merchant Bank added a new Euro Income Fund to its investment products on Tuesday, targeting investors wanting currency diversification away from the dominant US dollar mutual funds.
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Nov 18, 2009
GraceKennedy hires risk consultant to strengthen financial division - Adds new Caribbean markets for food
GraceKennedy Limited has retained a risk assessment and audit firm called Protiviti Inc to assess its internal systems and make recommendations for their recalibration to avoid a repeat of the US$19.9 million (J$1.8 billion) loss on trading activities within banking subsidiary First Global.
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Nov 18, 2009
JMMB moves to shore up regional operations. Local firm to acquire 80% of Domincan Republic savings and loans
Jamaica Money Market Brokers Limited (JMMB) plans to acquire the majority share in Dominican Republic savings and loan company, Corporacion de Credito America (CCA) SA, for US$1.2 million ($107 million) to shore up its overseas operations, even while a turn in fortune has placed its operations in other markets in a loss position during the three months to September 30, 2009.
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Nov 16, 2009
S & P revises Barbados outlook to negative. Ratings agency points to island's deteriorating public finances.
NEW YORK, USA - Less than two weeks after downgrading Jamaica's credit-worthiness, international rating agency Standard & Poor (S&P) announced on Friday that it revised its outlook on regional counterpart Barbados to negative from stable.
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Nov 16, 2009
GraceKennedy to make dividend payment in December
GraceKennedy announced on Friday that it will make a dividend payment on December 18, 2009 of 65 cents per stock unit, or a total of $214 million to shareholders on record as at November 27, 2009.
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Nov 16, 2009
Sagicor Life ups interest in PanCaribbean to 85 per cent
Sagicor Life Jamaica (SLJ) on Friday announced the acquisition of an additional 33 per cent shareholding of Pan Caribbean Financial Services Limited from its parent company, Sagicor Financial Corporation.
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Nov 12, 2009
Guardian Holdings declares $655m loss
Despite generating a strong third quarter profit of $241 million, losses from discontinued operations pulled down Guardian Holdings Ltd’s overall performance to a net loss of $655 million to September 30, 2009.
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Nov 12, 2009
Angostura shortage shakes global trade
Cocktail connoisseurs should be on alert. There could be an aromatic kick missing from your next manhattan or pink gin. The world is suffering an acute shortage of angostura bitters, the herbal concoction used to give an extra twist of flavour to classic alcoholic drinks.
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Nov 12, 2009
Bank credit snuffing out listings
BCB Holdings CEO Lyndon Guiseppi believes the sparse listing of local companies on the Trinidad and Tobago Stock Exchange (TTSE) is primarily because bank credit is readily available and this crowds out equity investment.
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Nov 12, 2009
Nutrimix looking for THE RIGHT MIX
Nutrimix group vice president Ronnie Mohammed knows that he will need more than just market savvy to take away market share from state-owned National Flour Mills (NFM).
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Nov 12, 2009
RBTT financial group appoints new Canadian chairman
After 37 years of leadership by chairmen who were Caribbean nationals, the RBTT Financial group yesterday announced that Canadian banking executive Jim Westlake, would take over as the financial company’s new chairman.
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Nov 11, 2009
No assurances of an IMF deal in November - Golding deadline appears endangered
The International Monetary Fund (IMF), though it declared progress last week, is refusing to commit to November as the date to finalise and approve an arrangement for Jamaica, leaving open the possibility that the negotiations could drag on into December and maybe January.
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Nov 11, 2009
CL Financial, bondholders negotiate compromise
CL Financial (CLF) has struck a new deal with its bondholders, allowing the troubled company another two months breathing room to restructure the terms of a margin account on which it has defaulted, according to newly appointed chief executive officer Steve Bideshi.
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Nov 11, 2009
Trinidad, Colombian cement companies to battle for market share
ANTIGUA AND Barbuda officials are anticipating lower prices for cement after the Colombian cement giant, Cementos Argos, said it was prepared to battle the regional cement manufacturer, Trinidad Cement Limited (TCL), for control of the market here.
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Nov 11, 2009
Scotia restructures
Scotiabank Jamaica has cut two senior executives and made several changes within its management team as part of efforts, it said, to achieve greater efficiencies in "certain specific areas of the bank's operations".
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Nov 11, 2009
FX gains pushed up CCFG's profits 31 per cent in Sept Q
Foreign exchange gains rocketed Capital & Credit Financial Group's (CCFG) after-tax profits by 31 per cent to $94.4 million for the three months to September 30, 2009, when compared with the comparative 2008 quarter.
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Nov 11, 2009
Downgrade sends GOJ bond prices spiralling downward, again
Government of Jamaica (GOJ) global bond prices have dipped over the week since Standards and Poors (S&P) downgraded Jamaica's debt, but the local financial sector should fare far better than in late 2008, when downward spiralling bond prices and subsequent margin calls sent domestic firms scrambling to find some US$300 million to meet margin calls.
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Nov 11, 2009
Denied - Cement waiver killed, but Samuda still suiting up for battle
CARICOM has denied Jamaica an extension of the cement duty waiver, scoring a victory for Caribbean Cement Company and its Trinidad parent, TCL Group, but last night Industry and Commerce Minister Karl Samuda vowed to fight the decision on several fronts.
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Nov 10, 2009
Listing of Shares – GraceKennedy Limited
This is to advise of the following: 260,586 Ordinary Shares in GraceKennedy Limited will be listed on the Stock Exchange effective Tuesday 10th November, 2009 thus increasing the Company’s issued share capital to 331,705,747 Ordinary Shares.
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Nov 09, 2009
Agostini’s Limited – Appointment of New Director
Mr. Joseph Esau, Chairman of Agostini’s Limited, recently announced the appointment of E. Gillian Warner-Hudson as a non-executive director of the company’s board.
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Nov 05, 2009
Yip Choy new Angostura CEO
A manufacturing executive has taken over as chief executive of local rum producer Angostura Ltd.
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Nov 04, 2009
Liquidity stabilises; results in consistent bill rates
DURING the first three quarters of this year the local three-month treasury bill rate has hovered between 3.56 per cent and 3.96 per cent, a stability that has been attributed to the stable liquid conditions existing in the banking system.
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Nov 04, 2009
Standard and Poor's standing firm. Jamaicans overseas concerned over downgrading
NEW YORK, USA - Standard and Poor's (S&P), the international rating agency which on Monday downgraded Jamaica's credit worthiness, is standing by its assessment in the face of strong opposition by the Jamaican Government.
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Nov 04, 2009
Carib Cement cuts price to ease stockpile - Production halted to clear inventory
With no word yet on whether the cement waiver on imports will stay in place for another year, Caribbean Cement Company Limited (CCCL) is looking to other tactics to take share and offload a stockpile of the commodity it says has built up in inventory.
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Nov 04, 2009
Carib Cement books $371-million 3Q loss - Jamaican sales derail as exports bloom
The Jamaican cement market continues to underperform, but Caribbean Cement Company Limited (CCCL) made up for the 62,000-tonne shortfall in domestic sales in the nine-month period ending September 30, 2009 from a 13-fold growth in exports, largely clinker - just enough to eke out a slight gain in revenue.
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Nov 04, 2009
GraceKennedy launches remittance service in UK
GraceKennedy Money Services (GKMS) officially launched operations in the United Kingdom and deepened its relationship with Western Union, becoming one of that organisation's seven master agents in Britain.
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Nov 04, 2009
BOJ assures market of continuity - Trading stable amid upheavals
The Bank of Jamaica weighed in Tuesday on the change in leadership at the central bank but confined its comments to an assurance to the market that investors could expect continuity in its operations, with no reference to policy prescriptions.
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Nov 04, 2009
TSTT invests $700m in TV, security
Telecommunications Services of T&T (TSTT) has spent more than $700 million within three years on technology for its new services Blink Entertainment and TSTT Vigilance.
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Nov 04, 2009
Berger Paints Trinidad Limited – Change in Year End
Berger Paints Trinidad Limited has informed the Exchange that at a meeting of the Board of Directors held on October 22, 2009, it was resolved and agreed upon that its Financial Year end will change from December 31 to March 31. The Financial Year will now be April 01 to March 31 of the following year.
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Nov 03, 2009
'Downgrade groundless' Ratings agency being hasty, says Gov't
The Government last night said that Standard & Poor's' downgrade of Jamaica's long-term foreign and domestic currency ratings yesterday was hasty and groundless and insisted that the change of leadership at the Bank of Jamaica was unrelated to the Government's discussions with the International Monetary Fund (IMF).
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Nov 03, 2009
TCL hopes to bounce back after losses
Regional aggregate company, Trinidad Cement Limited (TCL) Group has reported a decrease in revenue and profit for the first nine months of 2009, despite an increase in earnings for the same period.
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Nov 02, 2009
New Central Bank Governor gets to work today
DR. DELISLE Worrell, the new Governor of the Central Bank of Barbados, will assume duties from this morning.
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Nov 02, 2009
OCM profit down by US$2.8m
THE ECONOMIC DOWNTURN has taken a US$2.80 million bite out of the net profit of One Caribbean Media (OCM) for the nine-month period ended September 30, 2009, when compared to the same period last year.
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Nov 02, 2009
NCB increases ABM fees by 23 per cent...But Scotia still the most expensive
National Commercial Bank (NCB) last month increased the withdrawal fee for its Automated Banking Machine (ABM) from $15 to $18.50, a 23 per cent increase.
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Oct 30, 2009
Access Financial profit doubles
Access Financial Services Limited (Access Financial) increased net profits after taxes by 100 per cent to J$34.9 million for the nine month period ending September 30, 2009. Compared to the corresponding period in 2008 when Access Financial earned $17.4 million, the micro finance company grew based on a strong push to build its loan book.
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Oct 30, 2009
Scotia DBG launches Caribbean Income Fund
Scotia DBG Investments Ltd, will be launching its newest investment product to hit the Jamaican market at a Press Launch at the Scotiabank Group Financial Centre today.
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Oct 29, 2009
Belize group lists locally. 10,000 shares traded on first day
Local investors now have the opportunity to invest in a new company on the Trinidad and Tobago stock market.
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Oct 28, 2009
BCB Holdings - Listing of Shares
This is to advise of the following: • 103,642,984 Ordinary Shares in BCB Holdings Limited will be listed on the Stock Exchange on Wednesday 28th October, 2009 at a price of TT$12.38. • The symbol for BCB Holdings Limited will be BCBTT and will be added to the Banking Sector. Please be guided accordingly.
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Oct 26, 2009
Barbados economic review to be revealed
SO far in 2009 consumer prices have retreated from their 2008 levels, while in terms of gross domestic product, agriculture remained quite remarkably, one of the few bright spots for 2009.
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Oct 26, 2009
GraceKennedy/Paymaster copyright case winds down
Lawyers in the suit brought against GraceKennedy Remittance Services Ltd (GKRS) and programme analyst Paul Lowe by bill payment company, Paymaster Jamaica Ltd, are expected to receive court transcripts this week in a copyright case which is being closely watched by many.
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Oct 26, 2009
Carib Cement offering discounts to deal with 'mounting inventory'
Caribbean Cement Company has said that, effective tomorrow, it will begin offering discounts on its Carib Cement Plus product by $40 per 45.5 kilogram bag.
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Oct 26, 2009
Return of 'feel good' spending. Consumers more optimistic.
Spending is increasing, deposits are secure, prices are stabilising and people are smiling again. If the financial indicators are a valid sign, then it would be safe to say that local consumers are once again feeling good about local financial institutions and the local economy, financial stakeholders say.
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Oct 26, 2009
Call for more innovative financial products
Local banking and finance experts have called for more innovative products, an encouraging regulatory environment and a willingness to take risks in this country’s capital market to develop.
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Oct 23, 2009
SVL ready to roll with sports betting
Supreme Ventures Limited (SVL) will start rolling out its sports betting operation next month, with expectations that the new venture will attract between US$50 million and US$100 million per year from gamblers making wagers on winners.
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Oct 23, 2009
Cement supply guaranteed, import waiver in jeopardy
Industry minister Karl Samuda has gone silent amid signals out of Georgetown that Jamaica's request for an extension of its cement waiver is on the verge of being denied, unless other persuasive arguments prevail.
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Oct 23, 2009
GraceKennedy commissions pepper-mash plant
GK Foods, a division of GraceKennedy Limited, has commissioned a factory in St Elizabeth to produce pepper mash and escallion mash, using raw material supplied by local farmers.
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Oct 23, 2009
Clico flouted rules
FORMER Securities and Exchange Commission (SEC) chairman Osborne Nurse yesterday revealed that Colonial Life Insurance Company (Clico) flouted regulatory procedures because it was easier to pay the stipulated fine than submit its accounts to Central Bank.
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Oct 23, 2009
Regional securities regulators needed
INSPECTOR of Financial Institutions Carl Hiralal said yesterday a regional body of regulators could help deal with another CL Financial crisis especially when subsidiaries of a conglomerate operate across the Caribbean.
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Oct 23, 2009
Govt gives CLICO $1.9b
THE Government has given Colonial Life Insurance Company Ltd (CLICO) $1.9 billion thus far, as part of the $5 billion state bail out which had been promised to the cash strapped insurance company at the beginning of the year.
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Oct 23, 2009
Act will dent insider trading
THE chairman of the Securities and Exchange Commission (SEC) Francis Lewis yesterday said the new Securities Industries Act (SIA) will significantly strengthen the commission’s ability to deal with insider trading.
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Oct 22, 2009
Analyst claims ownership of bill payment system as Paymaster vs Grace trial ends
SOFTWARE analyst Paul Lowe on Tuesday maintained that the multiple-bill payment system over which he and GraceKennedy have been slapped with a billion-dollar lawsuit by Paymaster is his.
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Oct 21, 2009
Access fully subscribed within two days
Access Financial Services successfully raised its targetted $100 million within two days of opening the share issue that saw the company give up 20 per cent of its shares for listing on the Jamaica Stock Exchange Junior Market.
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Oct 21, 2009
NCB offers $1-b loan facility at 9 per cent
In response to the business sector's call for cheaper and more accessible financing, the National Commercial Bank (NCB) yesterday announced the introduction of a credit line which offers financing at an interest rate of nine per cent per annum.
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Oct 21, 2009
Central Bank to make timely economic data available
The Central Bank intends to establish new systems of informing the public on its economic data, said Alvin Hilaire, chief economist at the Central Bank. “We would be working very hard over the next nine months on this project.
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Oct 21, 2009
Stock taking Is it time to buy again?
It has been a tough year for stock market investors. But now, they may finally have a reason to breathe a sigh of relief.
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Oct 21, 2009
GKC - Listing of Shares
207,192 Ordinary Shares in GraceKennedy Limited will be listed on the Stock Exchange effective Thursday 22nd October, 2009 thus increasing the Company’s issued share capital to 331,445,161 Ordinary Shares.
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