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Updated: 3 hours 42 min ago

Peter Phillips' GCT turn wins business praise

July 26, 2014 - 6:45pm
On June 10, 2014, the Government tabled a bill titled the General Consumption Tax (Amendments) Act 2014 which, among other measures, would stipulate that GCT refund claims will move from the current 30 days...

Movements

July 26, 2014 - 6:45pm
Stewart now head's SME sales at LIMEAnne Marie Stewart is now head of small and medium enterprises (SME) sales at LIME.

Parliament approves levy on conch exports

July 26, 2014 - 6:45pm
A levy of US$0.75 has been imposed on each pound of conch exported during the 2014 conch season.The House of Representatives on Wednesday approved the Conch (Export Levy) (Rate of Levy) Order Resolution 2014...

Sterling Investments for JSE listing

July 26, 2014 - 6:45pm
Sterling Investments Limited (SIL) has engaged GK Capital Management and PWL Transition Limited (formerly First Global Financial Services Limited) as lead brokers for their upcoming listing on the main market ...

Retrial ordered in multimillion-dollar lawsuit

July 26, 2014 - 6:45pm
The Court of Appeal has ordered a retrial in a claim brought by St Andrew-based X-Ray and Diagnostic Ultrasound Consultants for damages against air-conditioning sales and service provider, CAC 2000 Limited...

Dry spell affecting hotel industry

July 26, 2014 - 6:45pm
The Jamaican hotel industry is being affected by the worsening dry spell with at least one resort in the eastern section of the island facing closure due to the water shortage.According to Michael Gayle, chairman of the Port Antonio chapter...

Jamaican phone scam targeting Pittsburgh area

July 26, 2014 - 6:45pm
Residents of suburbs in Pittsburgh, United States, have been warned to beware of a telephone scam believed to be based in Jamaica.The warning came from the district attorney for Allegheny County ...

Barbadian dollar in danger - Moody's

July 26, 2014 - 6:45pm
Promoted International credit-rating agency, Moody's, has warned that with Barbados' foreign reserves standing below the 2013 level, strain could be put on the dollar."Any further erosion in reserves would likely put further pressure on Barbados'...

Get paid for posts? Social networking's new twist

July 26, 2014 - 6:45pm
Facebook and most other social networks are built on the premise that just about everything should be shared - except the money those posts produce.At least two services are trying to change that.

SEC votes to end $1 a share for some money funds

July 26, 2014 - 6:45pm
Regulators have voted by a narrow margin to end a long-time staple of the investment industry - the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors.The idea is to minimise the risk of a mass...

Senate bill targets companies thatmove overseas

July 24, 2014 - 4:23pm
The Senate voted Wednesday to advance an election-year bill limiting tax breaks for United States (US) companies that move operations overseas...

US growth at weakest since recession - IMF

July 24, 2014 - 4:23pm
United States (US) economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund (IMF) said, mostly because of a sharp, weather-related contraction in the first quarter.In its annual report...

Format of new parliamentary report undecided - BOJ

July 23, 2014 - 4:12pm
The Bank of Jamaica (BOJ) said last week that, under new obligations created by the newly passed Banking Services Act, it will create an additional annual report which will be specifically for the use of legislators....

Amid sanctions, France in warship sale to Russia

July 23, 2014 - 4:12pm
France says it will go ahead with the sale of a warship to Russia, despite calls for an arms embargo against the country, highlighting how Europe's strong business ties are hindering its ability to punish Moscow over the crisis in Ukraine.Western powers...

EU pressed to raise heat on Russia - UK leads call to tighten sanctions; French fear loss of arms deal; Merkel urges restraint

July 23, 2014 - 4:12pm
Europe's foreign ministers will face intense pressure to enforce tougher sanctions against Russia today, with a UK-led group of hardline EU states insisting the downing of MH17 has changed the calculus for the bloc's relationship with the Kremlin....

Chief ousted as Tesco bows to City

July 23, 2014 - 4:12pm
Tesco bowed to pressure from City investors yesterday ousting its chief executive Philip Clarke and replacing him with the first outsider in its 95-year history as it issued a fresh profits warning....

Government needs innovative policies

July 23, 2014 - 4:12pm
It is a known fact that the ICT/BPO industry is evolving and growing globally. Jamaica, the English-speaking centre of the outsourcing hub in the region, is emerging as a 'destination of choice' and is strategically positioned to benefit from this global expansion....

Learning from the successes of Asia (Part 1)

July 23, 2014 - 4:12pm
In the early 2000s, the Economic and Social Commission for Asia and the Pacific (ESCAP), an arm of the United Nations, released a seminal study titled 'Commercial Development of Regional Ports as Logistics Centres'....

New payout products to boost pensions market

July 23, 2014 - 4:12pm
The Financial Services Commission (FSC) is proposing, under pension-law amendments, a new class of pension payout products which the Jamaica Pension Funds Association (JPFA) is hailing as a means of widening the pensions...

Government to wind up BATCo

July 23, 2014 - 4:12pm
The Ministry of Science, Technology, Energy and Mining has initiated the winding up of the Bauxite and Alumina Trading Company (BATCo), which it indicates is one step forward in its plan to merge administratively all...