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An initial public offering (IPO) on the Jamaica Stock Exchange for Air Jamaica may be the best way for the long suffering Jamaican taxpayer to recoup some of their investment in the national airline....
(Read more)
published in vol. 02 no. 01 |
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After 14 years as Minister of Finance, Dr. Omar Davies has been named Shadow Minister of Finance for the PNP Opposition. Has he earned the faith bestowed upon him by Portia Simpson-Miller?
Dr. Omar Davies had been Minister of Finance since December 1993 and was the longest serving Minister of Finance in Jamaica’s history. Given his extended tenure, responsibility for the economic position of Jamaica toda...
(Read more)
published in vol. 01 no. 07
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Which images do your minds conjure up when you hear the term luxury? For some it is a tapestry of colours, divine views, exquisite décor, aromatic spas and fi ne dining. For others it is simply doing nothing, bearing no charges or daily task lists and having nothing expected of you except relaxation. Or better yet, knowing that your needs are being managed by a capable cadre of professionals and all you nee...
(Read more)
published in vol. 02 no. 01
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The embattled former- CEO of the Cash Plus Group is the primary target of the anger of those who believe they have been swindled, but they should direct the anger elsewhere....
(Read more)
published in vol. 02 no. 02
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How it started, what it means for you, and what it means for Jamaica
Contrary to popular belief, the subprime mortgage mess did not start in the summer of 2007. Indeed, the mess actually started in 2002 when the Federal Reserve started to aggressively cut interest rates to stave of the deep impacts of a recession. I personally know this, because in the summer of 2003, a mortgage broker offered me a 5 Yea...
(Read more)
published in vol. 01 no. 07
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Peter Bunting, Member of Parliament for Manchester Central & General Secretary of the PNP
After the December 2006 sale of Dehring, Bunting, & Golding very few people believed that Peter Bunting, former CEO of the firm that carried his name, would remain an employee of the ScotiaBank subsidiary for very long. Indeed, by June 2007, a short 6 months after the US$80 Million sale of the 14 year old firm he fo...
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published in vol. 02 no. 02
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After the events of September 11, 2001, American banks and other financial institutions must adhere to much stricter financial regulations than ever before. Every financial institution in the United States must implement processes and controls that adhere to the USA Patriot Act, tighter ‘Know Your Customer (KYC)’ rules, and anti-money laundering (AML) rules. The tighter regulation of American banks has ex...
(Read more)
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“...GraceKennedy, perhaps more than any other Jamaican company, views its market as a global one.”...
(Read more)
published in vol. 02 no. 02
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The Prime Minister’s September swearing in of Mr. Don Wehby, former Director of Grace Kennedy Limited, as a Minister of State in the Ministry of Finance was appropriately met with much fanfare in the press. It was refreshing to see the Jamaica Labor Party bring the perspective of the private sector to address the significant problems that exist with Jamaica’s economic situation. The news of Mr. Wehby’s ap...
(Read more)
published in vol. 01 no. 07
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The competition between upstart Juici Patties and the venerable Tastee Patties is starting to get ...ahem..
spicy...
(Read more)
published in vol. 01 no. 07
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The long lines that can be seen daily outside its fortress like walls tell you that there is something of great importance inside. There must be, or why else would thousands of Jamaicans make the trek from their homes, be it near or far, to line up in the broiling sun. What is this place you ask? This, is the United States Embassy and the long lines consist of the thousands of Jamaicans hoping to get that a...
(Read more)
published in vol. 02 no. 02
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We are happy to introduce Ms. Kay Ann Reuben, Attorney-at-Law as our resident expert on the legal aspects of real estate in Jamaica. Ms. Reuben’s first contribution to the Jamaica Business Journal is a Q&A session where she answers questions about buying property in Jamaica, and provides you with tips on things you need to know before you make a decision....
(Read more)
published in vol. 01 no. 03 |
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As reported in a recent story in the New York Times, Saudi Arabia’s Prince Walid bin Talal on November 12 became the first private individual to purchase the super-jumbo Airbus 380 jet. Standard seating capacity for the Airbus 380 is 900 people, however the Prince is not expected to travel with so many as, according to the New York Times, he typically travels with an entourage of 50 people. Each A-380 aircr...
(Read more)
published in vol. 01 no. 07
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If the 1993 purchase of Red Stripe by Guinness is any indication, Jamaicans should expect a vigorous expansion of the Appleton brand from the marketing and distribution strength of Angostura....
(Read more)
published in vol. 02 no. 02
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The Three Cs of Credit
Perhaps the most difficult part of starting a business is finding the money to get the business off the ground. You may be surprised that for a start-up there are not many people knocking on your door to lend you money. Quite often, you will need to use savings, friends and family, or even credit cards to get the business started. Banks are one source of financing that you might co...
(Read more)
published in vol. 01 no. 05
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On the heels of 71 year old PJ Patterson’s retirement from the presidency of the People’s National Party (PNP) and post of Prime Minister of Jamaica, Portia Simpson Miller ascended to the highest political office in Jamaica. On February 26, 2006, after an acrimonious contest between her fellow PNP ministers, 1,775 delegates voted Simpson Miller into history as Jamaica’s first female party president. By Marc...
(Read more)
published in vol. 01 no. 06
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Ranking
The business environment in Jamaica has always been a difficult one for various reasons. Business unfriendly government taxation, significant ‘brain drain’, and high crime rates are a few of the challenges that Jamaican businesses face. However, through it all, the individuals on the pages that follow have all found a way to thrive and excel. Read their stories, and find out how....
(Read more)
published in vol. 01 no. 05
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Jamaica’s Hedge Fund for the Common Man
Another 10% a month scheme that is turning Jamaica’s financial services on its head
By 8:30 am, it is standing room only. The Cash Plus offices in New Kingston have about 90 chairs in its reception area but these fill up quickly and persons, from the taxi driver to the ‘topinaris’ stand up to wait their turn to be served. If you don’t reach the offices by 7:30...
(Read more)
published in vol. 01 no. 04
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An examination of the JLP manifesto reveals a bold plan which, if achieved, will set Jamaica on the path of long-term growth and development.
After 18 years of sitting on the sidelines, the Jamaica Labour Party (JLP) has had ample time and opportunity to review what ails Jamaica and to develop a transforming plan that addresses the problems. Well, their time has come. Let us examine their plan....
(Read more)
published in vol. 01 no. 06
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Jamaican companies have compiled an impressive list of internationally known brands. Here is our top ten!
Jamaica has made an international name for itself in music, athletics, and for its breathtaking beauty. But, Jamaicans should also be proud of the distinctive that bring international fame to the island. For the first time, the Jamaica Business Journal highlights and ranks these brands and shares w...
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published in vol. 01 no. 04
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Irrational exuberance seems to be an investor sentiment the world over. While the term came to prominence during the go go 1990s dot com era in the United States, Jamaican investors have not been left behind when it comes to throwing money into the stock market without due diligence. Instead of the frenzy behind one type of business, Jamaican investors went mad over the mere fact that a company decided t...
(Read more)
published in vol. 01 no. 04
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Since the first major migration wave to England in the 1960’s, Jamaicans have been in search of ‘a betta life.’ And ‘betta’ goes hand in hand with earning more money so that your family can experience a higher standard of living. While many families travel together in search of greener pastures, many times it is one member of the family that makes the trek to a new location. Usually this ‘betta life’ is fou...
(Read more)
published in vol. 01 no. 03
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Are the doomsayers correct that the Olint investment club will end in collapse? Or are David Smith and his investment club members just smarter than everyone else? We know one thing -- at least for now--- they are richer than everyone else…...
(Read more)
published in vol. 01 no. 02
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Ask the average business person the reason they do not have environmentally friendly procedures in place, and he or she will respond that, “it is too expensive.” This is a common misconception of many business owners. However, Jamaican hoteliers are seeing green... the green of savings and cost-effectiveness, that is!
“The main reason why tourists are coming to Jamaica in the first place,” according to A...
(Read more)
published in vol. 01 no. 02
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Advertisement
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April 2008
The 10 Most Influential Business Women
Air Jamaica IPO
Preference Shares, Hot No More
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November 2007
The Patty Wars
Corporate Givers
Shaw’s Time to Shine
The Subprime Mortgage Crisis
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October 2007
The Next Stage
What Went Wrong for Portia Simpson Miller
Pictures from Hurricane Dean
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