Business interests advocating for the redevelopment of downtown Kingston and other urban centres say they are still awaiting word from the government on the promised redesign of the programme of tax incentives to encourage the renewal of blighted...
The Jamaica Chamber of Commerce, JCC, is pitching a plan to incorporate a company that is to become the self-financing administrative and project implementation arm of a proposed public-private partnership, or PPP, to drive the redevelopment plans...
Even as residents of the upscale Freeport area of Montego Bay are said to be fundraising among themselves to finance what could turn out to be a multi-million-dollar legal battle against the construction of the planned Dreams hotel and car park in...
Development projects already approved by the National Environment and Planning Agency, NEPA, will not be affected by the more than two month-long review which the environmental regulator has just completed for the the Dream hotel planned for...
Residents of Montego Freeport are said to be huddling with their lawyers as they consider their options to stop or slow the construction of the 281-room Dreams hotel, which the National Environment and Planning Agency, NEPA, announced this week had...
Environmental regulator National Environment and Planning Agency, NEPA, has responded to an ultimatum from a Montego Bay Freeport residents’ association, making it clear that the state agency will not require the developer of the planned 11-storey...
Minister of Industry, Investment and Commerce Aubyn Hill has remained mum on an apparent shake-up of state agencies under his portfolio, despite having ended the employment of the long-standing and highly respected chief executive of the Companies...
European Union nations were set to vote today, Friday, on whether to confirm a proposed directive to impose a global minimum corporate tax of 15 per cent, starting January 1, 2023, in a bid to stop big multinationals from changing the location of...
The government looks set to merge two state-run development finance institutions in what sources say is a shake-up of entities within the investment and commerce portfolio under which they fall, by the responsible minister, Aubyn Hill. Talks are...
The Mystic Mountain attraction has been put up for sale in a bid to raise funds to pay its bondholder, Sky-High Holdings Limited, which has still not recouped its $1.3-billion investment after several court battles and bankruptcy proceedings that...
A decision is pending on the application by hotel developer Seawind Key Investment Limited, SKIL, to construct a 261-room Dreams Resort in Montego Bay. But it’s not saying whether a denial of a permit from regulator National Environment and...
The Private Sector Organisation of Jamaica, PSOJ, is upping the ante in its ongoing broadside against the central bank’s aggressive monetary policy stance, citing what the umbrella business group says is a double whammy of rising interest rates...
The Jamaican central bank has joined calls led by the big multinational financial institutions for governments to be careful how they go about implementing or prolonging the use of subsidies to cushion their populations and productive sectors...
Barita Investments Limited, BIL, is laying the groundwork for major developments that will include conversion of the former Ruins complex into a river attraction, a resort project in St Mary, an ultra-modern warehouse on land acquired at Ferry in...
Last year is on record as having been the best in recent times for Jamaicans to have bought a home. That’s because lower interest rates were on offer from financial institutions eager to pump up their mortgage loan books. It was also the last year...
Ambassador Richard Bernal has had a varied professional life that included a 10-year stint as Jamaica’s ambassador to the United States and as a Caribbean representative on the board of the Inter-American Development Bank (IDB). Many of the issues...
A senior World Bank official is seeking to assure Jamaica and other countries that they need not fear being squeezed out of the funding pipeline because of the large amounts of money the multilateral agency has had to be funnelling to the eastern...
The continuing delay in bringing closure to proposed changes to tax laws and policies remains a source of irritation to the group that represents chartered accountants in Jamaica. As a result, Allison Peart, president of the Institute of Chartered...
A one-year catastrophe bond, or cat bond, underwritten by the World Bank and which provides Jamaica with US$185 million in insurance coverage in the event of a natural disaster, comes up for review in December, and already the multilateral...
Another global recession is looming and appears inevitable, a panel warned on Wednesday during a forum, convened by financial conglomerate Sagicor Group, to brief investors on investment strategies and world geopolitical and economic developments....
Bank of Jamaica, BOJ, which coordinates the national payments system in Jamaica and chairs the statutory body, the National Payments System Council, NPSC, says the transition to a new messaging system for financial institutions is inevitable, and...
The future of Jamaica’s economic ties with the United States, the world’s largest economy and Jamaica’s largest trading partner, rests on the pillars of entertainment, tourism and remittances, noted economist, Caribbean trade negotiator, academic...
Omar Brown, at 41 years old, says heading up Alliance Financial Services Limited, AFSL, which he has been doing since April 1, was never specifically in his plans. But heading up an organisation as chief executive officer certainly was. That’s why...
Amid soaring prices for building materials and increased labour costs for workers, who had to be housed on-site amid the raging COVID-19 pandemic, businessman and real estate developer Manoj Ramchandani recently put on the market his maiden...
Sagicor Group Jamaica chose Omar Brown to head up the remittance and cambio business it acquired last month to anchor what appears to be a new expansion strategy. The growth plan will see Sagicor Bank utilising Alliance Financial Services Limited’s...
