The Portia Simpson Miller-led administration on Tuesday passed a resolution for the removal of duty from several items when imported by owners and operators of hotels and guest houses.The exempt items include communication equipment, electric cooking...
The number of Americans applying for unemployment benefits dropped by 42,000 last week to a seasonally adjusted 338,000, the biggest drop since November 2012.
Oil prices edged up above $99 Thursday, the first trading day after Christmas, as violence in South Sudan stoked concerns about the country's oil production.Benchmark US oil for February delivery was up 17 cents to $99.39 a barrel in electronic trading...
Stocks moved higher in midday trading Thursday as Wall Street went back to work after the Christmas holiday.The yield on the 10-year Treasury note, a benchmark for many kinds of loans, crossed above the psychologically important three per cent mark.
Spain's finance minister has told a business newspaper that the government plans to cut income taxes for low-income Spanish families in 2014, but that citizens in higher-income brackets...
Successful stock investors followed some simple advice this year: Don't worry, be happy.Next year, though, they will need to temper that rosy approach.In 2013, investors who blocked out the scary headlines about a possible government default, budget...
Celebrity developer Donald Trump has filed two ethics complaints against state Attorney General Eric Schneiderman, accusing him of misconduct.Trump says the Democratic attorney general solicited campaign donations from Trump's daughter even as...
While Jamaica ranks poorly in its take up of broadband Internet, the country is seeing a surge in the sales of smartphones, according to local mobile companies Digicel and Lime.Both companies are selling Internet-capable smartphones for under...
Caribbean Information and Credit Rating Services Ltd (CariCRIS) has removed National Commercial Bank Jamaica (NCB) from rating watch and reaffirmed the rating of jmAA - on its debt issue of US$75 million.It has also reaffirmed its ratings of CariBBB on...
The Inter-American Deve-lopment Bank (IDB) and Compete Caribbean have provided funding of US$653,000 (J$69.2 million) to undertake reform aimed at improving business competitiveness in Jamaica under an ongoing technical assistance programme.Minister of...
Approximately one-third of respondents to a new Jamaica labour market survey said they anticipated an increase in the workforce in the year ahead, while 150 employers said they planned to expand their businesses.The findings are contained in the Labour...
Former Jampro boss returns to franchise model - Sancia Bennett Templer, the former president of Jampro, Jamaica's investment promotions agency, has opened a Cellaris phone accessory store in Manor Park, St Andrew.
Venecia Realty Company Limited has brought to market another 82 lots on which it plans to build one- to three-bedroom houses through its newest development, Jewel Estate in St Catherine....
The World Bank has rated The Bahamas as the wealthiest Caribbean Com-munity (CARICOM) country.The Washington-based financial institution said that The Bahamas is the most economically prosperous country,...
Denis O'Brien, the billionaire owner of international mobile telecommunications company, the Digicel Group, is to receive a special dividend of US$650 million (J$69 billion) according to a British newspaper.The Sunday Times of London reported on...
In the White Paper on public-sector pension reform tabled in Parliament last week, the Government is proposing that contributions from workers be set at five per cent of their salaries....
Unicomer Jamaica Limited, which operates the Courts furniture, electronics and appliance stores, has launched a new e-commerce portal which is expected to enhance revenue growth in the new year....
The Trinidad and Tobago government says it is seeking international assistance in dealing with an oil spill that is threatening several areas in the southern part of the country even as the Oilfield Workers' Trade Union (OWTU) said the state-owned...
Michigan farmers do more than just roast chestnuts on an open fire.They grow them.The state has become a national leader in growing chestnuts and is harvesting more than 100,000 pounds a year, the Detroit Free Press reported Monday.Roasting the nuts...
Premier Craig Cannonier has welcomed the sale to two New York-based companies of two of Bermuda's most exclusive resorts - the Coral Beach & Tennis Club and its sister property Horizons & Cottages...
World stocks traded higher on Monday despite concerns over a cash crunch in China as investor sentiment remained buoyed by growing optimism over the United States economy.However, with many traders already off for the Christmas break, volumes were low...
The Jamaica-based brewery, Red Stripe, says it has sold its minority shares in the Brasserie Nationale d'Haiti and the Windward & Leeward St Lucia to Heineken...
Western Bureau: Digicel Business, the largest supplier of telephony and communications solutions in Jamaica, in a drive to expand its subscriber base in the local information and communications technology (ICT) sector, has...
With demand for currency traditionally higher during the Christmas period, the Bank of Jamaica (BOJ) says flows during this period are projected to amount to approximately $11.7 billion.
The United States Department of the Treasury has signed bilateral agreements with Bermuda and five other jurisdictions to implement the information reporting and withholding tax provisions, commonly known as the Foreign Account Tax Compliance Act...
