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Jamaica Gleaner Business
published: Friday | September 15, 2006

Highgate in receivership
Jamaica Redevelopment Foundation, the company that acquired the Finsac debts, has placed Claude Clarke's Highgate Food Products into receivership. But Clarke insisted yesterday that the move would not jeopardise a deal for Desmond Blades' Mussons...

JSE suspends BNS, DB&G trades
The Jamaica Stock Exchange, in a preemptive move, suspended trading in two financial sector stocks Thursday fearing the market would have reacted disproportionately to talks of an acquisition.


Village rounds off $200 million expansion
Adjacent to the village, Burrowes is building a 'fort' to house offices for the trainers and staff of the Dolphin Cove and a research lab affiliated with the University of the West Indies, for research on marine mammals.


IMF optimistic, but says Jamaica not out of the woods
The International Monetary Fund has provided a cautiously optimistic outlook for the Jamaican economy in the near to medium term. But the Fund has suggested to the Government that it spend less than is programmed in its $360 billion budget...


Government of Jamaica to funnel PetroCaribe funds to public bodies - IMF
The Jamaican Government plans to lend PetroCaribe savings to public sector entities to avoid more expensive, planned borrowing, the International Monetary Fund (IMF) revealed in its staff report published earlier this week.


'Shut them down!' - Air Jamaica, sugar too big a strain on Government, says IMF
The International Monetary Fund (IMF) has again recommended that the Government shut down Air Jamaica and consider closing the sugar industry in favour of tourism-drive agriculture, as part of efforts to ease the strain on the national budget...


New regional study underscores - ... Flows to climb again in 2006
Remittance flows to the Caribbean and Latin America will jump a near 12 per cent this year, according to estimates of the Inter-American Development Bank's Multilateral Investment Fund (MIF).


Tax issues stump Holiday Inn sale
The US$30 million acquisition of Holiday Inn Sunspree Montego Bay died because investors Hospitality Properties Trust (HPT) failed to secure regulatory approval from Jamaican authorities, the company said in filings to the U.S. Securities Regulation...


Ex-Im Bank tipped to buy NIBJ offices
The National Export Import Bank of Jamaica (Ex-Im Bank), an agency that lends to exporters, is tipped to acquire office space vacated by the National Investment Bank of Jamaica in New Kingston, a business and residential district...




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