Twitter’s board makeup is a rarity in the corporate world. According to a recent study by Equilar, which tracks executive compensation, there are no companies in the S&P 500 index with three of their former CEOs on the board. Thirteen … Continue reading
With the recent DBJ Venture capital conference, there has been renewed interest in the venture capital market in Jamaica, and a lot of effort is behind the establishment of same. In her weekly Sunday Gleaner column, Yaneek Page considers the Good, Bad And Ugly Sides of Venture Capital, a must read for those who want to quickly get up to speed with what’s at stake. Continue Reading
Continued Growth in the Pawn Industry. Loan Size Up 88% To US$150 Since 2008
In Michigan and many other states, pawn customers pay a maximum interest rate of 3 percent per month. Of course, a 3 percent interest rate works out to a 36 percent annual rate. A typical rate can be much higher in unregulated states — about 10 percent for a 30-day loan, according to National Pawnbrokers Association spokesman Emmett Murphy.
With 500,000 active customers and more than 70 partners at more than 250 locations, Magna, which is jointly owned by Prism Services Inc of Barbados and Neal & Massy Holdings of Trinidad comes close to monopolising the market.
Its regional markets also include Antigua, Grenada and St Vincent.
In Jamaica, Magna also has co-branded cards with Scotiabank, JIIC and Guardian Life, deepening its penetration in the market.
Sure Loyalty, the new kid on the block, has been challenging Magna with its own purple card since July 2012. It has grown to 20,000 customers and 11 partners, but has got some way to go before posing any great threat to Magna.
And @blastpass is back… with their first deal in almost two months (49 days since the last deal on June 14, 2013)! Not a good sign. It’s good though that they’re still trying and are still able to convince retailers. One … Continue reading
It may have missed a lot of us. It certainly missed me, until a friend asked me if I heard the story about On the Ground News Reports touting a J$200 million (US$2 million) valuation, based on future earnings. Continue Reading
Tobago is trying to get more five-star hotel investments in the country.
Tracy Davidson-Celestine, Secretary of the Division of Tourism and Transportation (DOTT) in the Tobago House of Assembly (THA), recently went on a trip to Berlin, Germany as a part of a T&T delegation that included representatives from the Division of Tourism and Transportation, Ministry of Tourism and various stakeholders at the Internationale Tourismusbörse (ITB), an annual tourism and travel trade convention in Germany. Continue Reading
There is a J$4.1 million cost which the cane farmers are begging the Jamaican government to help them offset, as they cannot afford it. But the government is saying, no way, Jose!
The Government of Jamaica has insisted that they cannot subsidize transportation costs for sugar this year. Continue Reading