Lennox McLeod looks to establish Jamaica’s first credit bureau

Observer on July 3rd, 2009 | File Under Observer News -

For the last decade there has been a consistent call for an effective credit bureau that would serve Jamaica’s financial sector and assist in creating better credit terms for customers. Leading the charge has been the former head of the Jamaica Bankers’ Association (JBA) and former CEO of Scotia Group, Bill Clarke.

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A noble masterplan for Air Jamaica — Part III

Observer on July 3rd, 2009 | File Under Observer News -

The privatisation committee of Air Jamaica chaired by Dennis Lalor has now made its recommendation to the government as to who would be best suited to acquire the national carrier Air Jamaica.

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The Caribbean Cement dilemma — to manufacture or not

Observer on July 3rd, 2009 | File Under Observer News -

I have been following with some interest the recent tribulations of Caribbean Cement (CCCL), as they seek to justify imposing CET on imported cement. In contrast there are others against the CET, arguing that the 2006 experience of bad cement from CCCL almost shut down the construction industry and should never be allowed to happen again.

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Demand for Law Places Outstrip Supply — Prof Vasciannie

Observer on July 3rd, 2009 | File Under Observer News -

The demand for law places at the Faculty of Law at the University of the West Indies (UWI) has far outstripped the number of available places.

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Africa’s telecoms industry still red-hot

Observer on July 3rd, 2009 | File Under Observer News -

Investment in Africa’s telecom industry remains unabated despite the economic slowdown, with international providers set to increase their presence, a report said Wednesday.

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IMF praises Ireland’s response to recession

Observer on July 3rd, 2009 | File Under Observer News -

The International Monetary Fund (IMF) has praised the Irish government for its fast response to Ireland’s recession, but stressed much work remained to fully mend the eurozone nation.

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Fujitsu consolidates key business units

Observer on July 3rd, 2009 | File Under Observer News -

As part of Fujitsu Limited’s business restructuring in executing its global business strategy to consolidate key business units outside of Japan, Fujitsu’s Caribbean operations became wholly owned subsidiaries of Fujitsu America Inc.

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Patty row fanned by emotion, misinformation

Observer on July 3rd, 2009 | File Under Observer News -

The recent impasse surrounding a shipment of patties from Jamaica to Trinidad and Tobago was “a most unfortunate situation, where highly emotive declarations, unsupported by data or factual evidence, have been consistently repeated by media”, according to Senator Mariano Browne, Trinidad’s minister of trade & industry and minister in the ministry of finance.

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RBTT posts TT$346-million profit in Trinidad &Tobago

Observer on July 3rd, 2009 | File Under Observer News -

One year after it was acquired by The Royal Bank of Canada, Port of Spain-based RBTT Bank Ltd has posted after-tax profits of TT$346 million for its financial year ended March 31, 2009.

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Jamaica’s IFC will not operate as a tax haven — Shaw

Observer on July 3rd, 2009 | File Under Observer News -

Minister of Finance, Audley Shaw, has assured Parliament that Jamaica will not earn the reputation of a tax haven, when the proposed International Financial Centre (IFC) is established in downtown Kingston.

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