Following through on a plan to offset loss of other income and rising operational costs, National Commercial Bank (NCB) has increased transaction fees across the board by up to 100 per cent, with no distinction made for business conducted in-branch or through electronic channels.
Hugh Reid has been appointed general manager of Scotia Jamaica Life Insurance Company (SJLIC), filling a vacancy created last October by the promotion of Jacqueline Sharp to chief financial officer of the Scotia Group.
COK Sodality Cooperative Credit Union is reporting abnormal growth in delinquent loans to levels that now pose a threat to the agency's financial health.
One hundred and fifty teachers from schools in Spring Village and surrounding districts spent the better part of Teachers' Day in a relaxed environment away from the daily rigours of the classroom, where they were entertained and provided with a scrumptious meal.
Should Jamaica's private sector be willing to accept more responsibility to prevent crime? Three-time crime victim and popular lifestyle consultant and nutritionist, Dr Heather Little-White certainly feels so.
IT HAS been a long, slow slog since Haiti was jolted to its core by a deadly earthquake four months ago. Now at the fabled Barbancourt rum plant, the sweet waft of production is back in the air.
An offshore natural-gas platform sank off Venezuela on Thursday, and 95 workers were rescued safely, the government said. All of the workers on the Aban Pearl platform off eastern Sucre state were safely evacuated, and the sinking poses no threat...
Jamaica's prospects for economic recovery have improved significantly, particularly in a post-Jamaica Debt Exchange (JDX) period with relative stability in exchange rates...
Scotiabank Jamaica has spliced more than two percentage points off its base lending rate, pushing the cost of its credit to a five-year low, the bank said Thursday. The move to cut the interest rate to 17.75 per cent on retail credit, which takes effect...
Jamaica's largest private mortgage lender is actively lobbying the state-owned National Housing Trust (NHT) to outsource the management of its mortgage portfolio, which generates about J$10 billion of new business each...
Barita Investments Limited came close to doubling its net interest income in the half-year ending March 2010, but a confluence of increased administrative expenses, reduced foreign-exchange gains and dividend income, slightly offset by gains on the sale...
Jamaica Trade and Invest, which has now reclaimed its old name, Jampro, will be transforming some 7,000 square feet of space at its head office in New Kingston into a computerised Business Hub. Karl Samuda, minister of investment...
Merely two years ago, it was perfectly routine and effortless to park funds in United States dollars, sterling or euros almost anywhere and feel comfortable. Sovereign debt of newer European Union member countries was good investment....
Guardian Holdings Limited's decision to sever ties with its loss-making European business is paying off for the company whose bottom line in the March quarter sported a robust TT$150 million in profit, net of write-offs from discontinued operations....
The €720 billion of government-backed loan guarantees by European Union (EU) governments and, even more important, an open-ended commitment to buy European sovereign bonds by the European Central Bank (ECB)...
WESTERN BUREAU: The wave of crime and violence in Jamaica did not go unnoticed at the Jamaica Hotel and Tourist Association's (JHTA) 49th staging of Jamaica Product Exchange (JAPEX), as president Wayne Cummings chastised...
The busiest airport in the Dominican Republic will receive several upgrades, including a new US$30-million runway. A new terminal at the Punta Cana airport also will be built to handle what the government anticipates will be a seven per cent increase...
A year after leaders at a summit of the G20 nations declared an end to the era of bank secrecy, most of the countries targeted as tax havens have, one by one, been taken off the list of offenders.But for many critics, the banking world is still a long...
Lee Issa, hotelier and department store owner, is negotiating with the Urban Development Corporation on a new hotel and condominium deal for the Kingston waterfront, a project first disclosed by the prime minister back in April...
To help secure the longevity of family businesses, the Private Sector Organisation of Jamaica (PSOJ) has secured financing of US$700,000 (J$62.3 million) to assist Jamaican-owned small and medium-sized enterprises to improve their competitiveness...
Cuba has approved construction of residential projects linked to resorts, the tourism minister has said, possibly opening the door for villas that could one day ring oceanfront golf courses and other...
Petrojam Ethanol Limited (PEL), the government's alcohol dehydration facility is now on the hunt for a supplier of hydrous or wet alcohol, the feedstock from which it produces fuel-grade ethanol...
China is providing a loan of US$39.6 million to help Guyana expand its electricity programme to consumers in several parts of the country. Finance Minister Dr Ashni Singh signed the agreement with the Chinese Ambassador to Guyana Zhang Jungao...
Black Hawk helicopters peppered Louisiana's barrier islands with one-ton sacks of sand Monday to bolster the state's crucial wetlands against the epic Gulf of Mexico oil spill - 4...
For Seprod Limited, the results from its first quarter performance have been far from sweet, but the top man at the company is sure he can spin new profit from sugar cane in the months ahead.Seprod's 41 per cent drop...
