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Thu, 11 March 2010

HEADLINES
Scotia cuts lending rate

scotia_cuts_lending_rate_tn.jpgScotiabank Jamaica in mid-October 2009, announced another reduction in interest rates – this time a sixty-two-and –a-half basis-point cut in the base rate used for commercial credit.

 

The reduction scheduled to become effective November one, 2009 brings Scotiabank’s base rate to 19.87 percent – the lowest in the commercial banking sector.

 
Scotia launches $500m low-cost fund
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Scotiabank Jamaica on October 12, 2009 launched a five-hundred-million-dollar pool of low-cost funds geared at stimulating growth in the productive sector.



 

 

 
Marks for top U.K. post
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Successful Jamaican businesswoman Audrey Marks is tipped to be Jamaica’s next High Commissioner to the United Kingdom.

 

 
Stability in Q3 confidence indices

stabilioty_in_q3_confidence_indices_01_tn.jpg Despite the impact of the global recession on Jamaica, business and consumer confidence generally stabilized in the third quarter of the calendar year 2009, but the island is still in the grip of crippling negative global economic trends.

 
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Last updated: 09 March 2010

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Managing Director Prime Asset Management Limited, Rezworth Burchenson, takes time out to review the benefits of having an Individual Retirement Account.


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