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Business

Published:Friday | April 9, 2010 | 12:00 AM

Cabinet has given its go-ahead for the drafting of amendments to cut down on penalties against late payment of income tax, and to clarify aspects of the general consumption tax (GCT) Act, a move the government hopes will make it easier for delinquent...

Published:Friday | April 9, 2010 | 12:00 AM

Twenty-five workers at CLICO International Life in Trinidad have been temporarily laid off from their jobs, according to a local television report.

Published:Friday | April 9, 2010 | 12:00 AM

Independent power company, Jamaica Energy Partners (JEP), has landed a deal with the Office of Utilities Regulation (OUR) to build out an additional 65.5 megawatts of power supply to the national grid. But OUR said...

Published:Friday | April 9, 2010 | 12:00 AM

With the exception of two directors - Paul Chen-Young and Os-wald G. Harding - none of the Eagle directors were major shareholders either through direct ownership or related companies...

Published:Friday | April 9, 2010 | 12:00 AM

Commercial banks are going head-to-head to grow revenues by reeling in more small-business operators to their suite of loan products with a recent flurry of credit cards targeting this category of business people....

Published:Friday | April 9, 2010 | 12:00 AM

Barbados Prime Minister and Minister of Finance David Thompson announced March 16 that two insurance companies, CLICO International Life and British American Insurance Company (BAICO) have been prohibited from writing new business...

Published:Friday | April 9, 2010 | 12:00 AM

Wilberne Persaud, in his column of April 1, after outlining the sequence of actions in what appears to be accounting window dressing by Lehman Brothers, posed the question as to what will be the response of the regulatory authorities in the United...

Published:Friday | April 9, 2010 | 12:00 AM

New disclosures by Jamaica Mortgage Bank (JMB) show debts gone sour on its books now amount to an estimated 40 per cent of the lender's loan portfolio at March 31.But general manager Patrick Thelwell, in defence of his stewardship, said the bad debt...

Published:Friday | April 9, 2010 | 12:00 AM

One manager for SDF, IPL - Major Desmon Brown, the general manager of Independence Park Limited, has been put in charge of the Sports Development Foundation (SDF), but on a temporary basis....

Published:Friday | April 9, 2010 | 12:00 AM

Finance Minister Audley Shaw is projecting that Jamaica will grow tax revenues by eight per cent this year and start rolling out a more restrained wage policy, but will still fall way short of funds...

Published:Friday | April 9, 2010 | 12:00 AM

Coming close on the heels of a Caribbean expansion with the setting up of its latest stand-alone, full-service office in Grenada last December, regional insurance broker CGM Gallagher Group has acquired the commercial portfolio...

Published:Friday | April 9, 2010 | 12:00 AM

Tank-Weld's distribution of Vulcan-made cement is harmful to the Jamaican market, but the Anti-Dumping and Subsidies Commission (ADSC), whose preliminary findings...

Published:Friday | April 9, 2010 | 12:00 AM

Dr Euric Bobb has resigned his seat at Lascelles deMercado & Company Limited, effective March 31, making history as one of the shortest directorships on a Jamaican corporate board.Bobb, who joined the board after Lascelles' March 4 annual...

Published:Thursday | April 8, 2010 | 12:00 AM

The Trinidad government has fired the board of a state agency that oversees billions of dollars in public construction and is the subject of a corruption probe.Attorney General John Jeremie said the four-member board and senior staff at the Urban...

Published:Thursday | April 8, 2010 | 12:00 AM

Alan Greenspan defended his tenure Wednesday as head of the United States Federal Reserve before a panel investigating the roots of the financial crisis.As he has in the past, Greenspan disputed critics who say he...

Published:Wednesday | April 7, 2010 | 12:00 AM

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Published:Wednesday | April 7, 2010 | 12:00 AM

Government has placed eight more properties owned by Jamaica Railway Corporation (JRC) on the market, bringing the total to 13, but says the land sales, which have already brought in close to half a billion dollars...

Published:Wednesday | April 7, 2010 | 12:00 AM

The rubble from Haiti's shattered capital is rising in heaps at the port, dumped for sorting and recycling by a fleet of heavy, exhaust-belching trucks.A tangle of twisted metal and broken blocks, it's an eyesore for now....

Published:Wednesday | April 7, 2010 | 12:00 AM

Christopher Williams, chief executive officer of Proven Investments Limited (PIL), says that the company is concentrating on building out its asset portfolio but will follow through on plans to go public...

Published:Wednesday | April 7, 2010 | 12:00 AM

Renault SA and Nissan Motor Company will unveil a wide-ranging three-way tie-up with German automaker Daimler AG today, Wednesday, aimed at bolstering their offerings in small, energy-efficient vehicles amid an industry slump that has ravaged the companies' earnings...

Published:Wednesday | April 7, 2010 | 12:00 AM

Housing Agency of Jamaica Limited (HAJ), the government-owned shelter company, has posted a profit for the first time since it was established 12 years ago....

Published:Wednesday | April 7, 2010 | 12:00 AM

Spirit Airlines will charge as much as US$45 each way for a carry-on bag, adding a fee that bigger airlines have yet to try.The charge will apply to bags in the overhead bin.Personal items that fit...

Published:Wednesday | April 7, 2010 | 12:00 AM

The International Monetary Fund (IMF) on Friday approved Grenada's request for US$13.3 million to help the government boost growth and strengthen the island's business climate. The funds, including US$1.9 million up front...

Published:Wednesday | April 7, 2010 | 12:00 AM

ACKEE EXPORT earnings have doubled in the past year, but sales are still below seven-year highs, an issue that processors point to, in claims that the market is performing well below its potential. Exporters generated...

Published:Wednesday | April 7, 2010 | 12:00 AM

A stalled mega-resort in The Bahamas seems back on track after a Chinese bank arranged a US$2.5 billion financing deal, a boost for the archipelago whose tourism-dependent economy has been slammed by the global slump. Developer Baha Mar Resorts Limited...

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