FirstCaribbean International Bank has announced the appointment of Clovis Metcalfe, a 35-year veteran of the bank, to the post of managing director in Jamaica. Metcalfe replaces current managing director, Milton Brady, who has been
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Debt climbing faster than output
Data released by the Ministry of Finance and the Public Service indicate that the country’s debt is climbing faster than its output. The debt climbed at the rate of $4 billion per month for the period January to September of this
Debt climbing faster than output
Data released by the Ministry of Finance and the Public Service indicate that the country’s debt is climbing faster than its output. The debt climbed at the rate of $4 billion per month for the period January to September of this
Central bank raises cash reserve ratios again
Central Bank Governor Derick Latibeaudiere and his team raised the cash reserve from 11 cents per dollar to 13 cents per dollar of deposit in Jamaican dollars, while that for other currencies have been hiked from nine cents to 11 c
Central bank raises cash reserve ratios again
Central Bank Governor Derick Latibeaudiere and his team raised the cash reserve from 11 cents per dollar to 13 cents per dollar of deposit in Jamaican dollars, while that for other currencies have been hiked from nine cents to 11 c
Offshore financial centres could become casualties of global meltdown
Jamaica’s plan to develop and market Kingston as an offshore financial centre may have a serious challenge in getting off the ground because of the impact of the current global meltdown, as well as America’s yawning budget and curren
Offshore financial centres could become casualties of global meltdown
Jamaica’s plan to develop and market Kingston as an offshore financial centre may have a serious challenge in getting off the ground because of the impact of the current global meltdown, as well as America’s yawning budget and curren
EXIM bank struggling with credit squeeze
The National Export-Import Bank (Exim) has been struggling to cope with the sudden reduction in credit cycles from 180 days to 40 days in some instances, as its overseas correspondent banks come under pressure.
Speaking in an inte
EXIM bank struggling with credit squeeze
The National Export-Import Bank (Exim) has been struggling to cope with the sudden reduction in credit cycles from 180 days to 40 days in some instances, as its overseas correspondent banks come under pressure.
Speaking in an inte
Agricultural sector wants $500m refinancing facility
The agricultural sector wants at least $500 million to help farmers refinance its operations and maintain employment, as the credit squeeze tightens.
Speaking in an interview last week, Senator, Norman Grant, president of the