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Jamaica Business News, Economy, and Financial Sector Information

World Homes to roll out national housing programme

Sunday, September 25, 2016


World Homes Jamaica Ltd President and CEO William Lai shows a model unit in the company’s new development Foreshore Estate.Photo: Naphtali Junior

Private development company World Homes Jamaica Limited says it will be rolling out a national housing programme with assistance from the National Housing Trust (NHT) to create more affordable housing options to contributors. “This programme entails the development of affordable housing on lands we have in Kin ...more





Digital revolution for hotel sector

Sunday, September 25, 2016

Jamaica’s hospitality sector will be introduced to a high-tech digital makeover when executives and developers converge in Montego Bay and Kingston on September 27 and 29, respectively, for an introduction to cutting edge content management so ...more

Scotiabank goes Express

Sunday, September 25, 2016

Having recognised that customer needs are shifting and that technology is changing the banking experience, Scotiabank on Friday opened its new service centre, Scotiabank Express, at its former Premier branch location. “Technology has empowered ...more

Mortgage predicament

Sunday, September 25, 2016

Dear Claudienne, I am a returning resident. The house in Montego Bay where I now live went up for sale in 2005 before I returned to Jamaica. I agreed to purchase the property from the owner for US$105,000. I paid the owner half of the sale price fr ...more

NCB will compensate customers hit by ABM fraud

Sunday, September 25, 2016

At least 20 customers affected by the recent upsurge in fraudulent activities at automated banking machines (ABMs) will be compensated for their losses in accordance with their financial institution’s security guarantee agreement. Following th ...more

Marriott buys Starwood, becoming world's largest hotel chain

Sunday, September 25, 2016

NEW YORK, United States (AP) — Several of the best-known names in travel are now united in one hotel company. Marriott International closed Friday morning on its US$13 billion acquisition of Starwood Hotels & Resorts Worldwide, bringing to ...more

A look at the EU-US trade talks and why they’re faltering

Sunday, September 25, 2016

BRUSSELS, Belgium (AP) — Talks for a massive free trade deal between the United States and European Union (EU), the world’s biggest economies, appear to be on the rocks. An accord was supposed to breathe new life into global trade, setti ...more

Proven upsizes authorised capital, adds option for preference share issue

Friday, September 23, 2016

Proven Investments Limited advised on September 20 that shareholders at its September 15 annual general meeting voted in favour of an increase in the authorised capital of the company to US$40 million. The previous upper limit was US$37 million. Sha ...more

Seprod going into Dom Rep, Haiti

Friday, September 23, 2016

Manufacturing and distribution company Seprod Group says it will begin exporting milk supplements to the Dominican Republic by next year, and plans to move into the Haitian market by 2020. “The first shipment will be in November this year. We ...more

Gov’t seeks $2.06 billion from Noranda

Friday, September 23, 2016

The Government of Jamaica has requested an expedited hearing of its claims and objections against Noranda Aluminium Inc, which is this month trying to sell its remaining assets under bankruptcy proceedings in the United States. In the main, the Gove ...more

ISP bond offer raises $150m

Friday, September 23, 2016

ISP Finance Services Ltd (ISP) has secured $150 million through a public bond which offers investors a return of 10 per cent interest per annum over its three-year lifetime. The offer opened on September 1 and closed early, before the original cut-o ...more




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