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Business

Development bonds oversubscribed

Finance Minister Dr. Omar Davies, announced on July 5 that the special bonds to be issued at the end of this month as a result of the three percentage point reduction of the cash reserve ratio (CRR) in the banking sector was oversubscribed.

FIS billion-dollar suit still pending
The billion-dollar suit filed four years ago by Financial Institutions Services (FIS) against Kingston businessman Donald Panton and some former directors of the collapsed Blaise Financial entities is pending in the Supreme Court.

Pepsi's new corporate offices nearing completion
Pepsi-Cola Jamaica Bottling Company Limited is nearing completion of its new corporate offices and warehouse building at Spanish Town Road in Kingston.

JMA welcomes 'Development Bond 2000'
President of the Jamaica Manufacturers' Association (JMA), Clarence Clarke, has welcomed the announcement by the Minister of Finance, Dr. Omar Davies of "Development Bond 2000" which will be used to provide medium and long term financing.

Dyoll to be player in int'l coffee market

Leading insurer Dyoll has applied for a licence from the Coffee Industry Board (CIB) to market its subsidiary Dyoll Wataru Coffee Company as an estate brand.

Brokers concerned at impending rate hike
Amid hikes in premiums in the region by reinsurers, and with Jamaica being one of the hardest hit, the question now being asked is, 'What are some of the options open to policyholders?












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