Last of the big spenders
Can the Government continue this pattern of deficit budgeting? It has no idea when gas prices will recover.
The Government has started to spend more than it expects to earn.
And unless there is an early recovery in the prices of gas, petrochemicals and iron and steel on the international market the country could be [...]
$44 billion deficit budget
New taxes on alcohol, cigarettes and tobacco as Government presents a $44 billion budget with a $7.7 billion deficit. The Finance Minister expects hard times to continue next year with recovery expected in 2011.
Boozers. smokers and home owners were walloped with punishing taxes as the Finance Minister presented a $44.3 billion budget with an [...]
URP,CEPEP workers want budget goodies
Finance Minister Karen Nunez-Tesheira will present the much anticipated national budget to Parliament this afternoon. Everybody wants a piece of the pie.
Unemployed Relief Programme (URP), Community Enhancement and Protection of the Environment (CEPEP) and National Reforestation workers are calling on Finance Minister Karen Nunez-Tesheira to give them a better deal the 2010 budget [...]
Sagicor dumps Jamaica Stock Exchange
Few investors are trading in Sagicor shares on the Jamaica Stock Exchange. This Barbadian company is listed on the local stock exchange, on the Barbados Stock Exchange and also on the London Stock Exchange.
Sagicor, which recently announced six months profits of over US $40million, will be delisting from the Jamaica Stock Exchange [...]
US $40 million six-month profit for Sagicor
Sagicor is doing quite well despite difficulties in the international market. However, it has been downgraded by Standards and Poors.
Earlier this year, Sagicor did a bit of load shedding of its workforce sending home some 108 employees.
There was some speculation that the insurance company was growing too fast, having bought some 20 companies in [...]
Clico aims at Stock Exchange
The insurance companies have been trying to bring a wounded Clico down charges Euric Bobb. But the turnaround in the company’s fortunes is happening and by December there will be full recovery.
Clico shares floated on the local stock exchange.
That is the goal of the new management of the stricken insurance giant, according to chairman Dr [...]
GHL buys back 75,000 shares
Guardian Holdings shares are now trading at a low of $14.25.It is a clear indication of a bearish stock market, as Wall Street would say.
There were eyebrows raised in certain circles when Guardian Holdings Limited (GHL) which was in some financial trouble several years ago, announced, in February, that it intended to repurchase a [...]
Harry Harnarine’s roti shop ole talk
Unfortunately, people who invested their life savings in the HCU will not recover any of their funds any time soon. Harnarine, himself, has held up the liquidation process through court action.
It was pure rum talk at Harry Harnarine’s roti shop when he told worried persons who had put their life [...]
Ansa Merchant Bank has great 1st quarter
Bank has after tax profits of $95 million for first half of 2009. Boasts of best rates for mutual funds in local market.
The Ansa Merchant Bank, like other financial entities in this country, is doing quite well.
The bank boasts of excellent results in the first half of the year, earnings being a 33 per [...]
Republic Bank’s profits fall
The bank made an after tax profit of $741 which was 20 per cent less than what it made last year. The bank blames the international recession.
Poor Republic Bank.
For the nine-month period which ended on June 30, the bank made after tax profits of only $741.3 million which was 20 per cent less than for [...]