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Thursday, May 24, 2012

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World Bank slates promotion agencies
National investment promotion agencies are failing, says the World Bank. According to the multilateral organisation's Global Investment Promotion Best Practices 2012 report, over 80 per cent of promotional state agencies' efforts fall short. The report assessed 189 economies' responsiveness to i ...
NCB to list in New York for US$225m
NATIONAL Commercial Bank (NCB) has filed with the US Securities and Exchange Commission (SEC) for an initial public offering of US$225 million ($19.5 billion) on the New York Stock Exchange (NYSE). The Jamaican financial institution said it intends to use the net proceeds for general corporat ...
Divestment team prepares Air J's response
AIR Jamaica's divest-ment team is crafting a response to the growing criticisms being levelled at the company and its owners, Caribbean Airlines (CAL). Recent news out of Trinidad and Tobago, CAL's owner, claims that the company is heavily indebted and that its ownership of Air Jamaica is one of ...

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