Remittances continue to play a central role in the lives of many families in the Caribbean. Although they help support national economies and provide governments in almost all of the region with additional foreign exchange, their fundamental role has been to offset the worst for the poorest, and enable recipients, in most cases, to be able to live a better life.
The special status granted to qualified importers, called the Authorised Economic Operator (AEO), is built on a certain level of trust that companies will honestly describe and declare the goods being shipped. However, the Customs Department requires importers to satisfy conditions that allow it to monitor their conformity to the programme.
The Urban Development Corporation (UDC) has offloaded three non-performing assets, as well as its stake in a prized hotel, providing the agency with a well-needed burst of cash.Corporate Affairs Manager Tyrell Morgan said sales were finalised last year...
It is, indeed, alarmingly short-sighted to entrust leadership of such a critical part of the fabric of society to an acting captain, essentially with no mandate of his or her own.A university requires critical mass...
On February, 1, 1947, Thomas Taylor opened the first office of the University College of the West Indies at 62 Lady Musgrave Road in Kingston.The house had been the home of the leading West Indian journalist of his time, a strong opponent of those who...
Total loans throughout the banking system hit J$427 billion in March having climbed 14 per cent in a year, amid a dip in bad debts, according to the latest central bank data on deposit-taking institutions.Customer deposits far outpace loans at J$609...
Contending that the current tax system might be creating distortions that damage the international competitiveness of local businesses, Christopher Zacca, president of the Private Sector Organisation of Jamaica (PSOJ), is asking for rapid passage of laws...
In honour of Portmore's 10th anniversary as a municipality, Jamaica National Building Society (JNBS) says it will waive processing fees for residential mortgage applicants with connections to the suburban community.The JNBS Portmore Pines branch will...
Appleton Estate's 50-year-old luxury rum, Jamaica Independence Reserve, which is believed to be the world's oldest rum available for sale - has been named the top spirit by Robb Report Magazine in its annual 'Best of the Best' list.The Jamaica 50...
Lasco shareholders separately approved the 10-for-1 share split of the three affiliated companies on Wednesday, effectively paving the way for the creation of another 7.8 billion stock units that should become available for trading....
The completion of a deal between the Government of Jamaica (GOJ) and the International Monetary Fund (IMF) was, apparently in many people's minds, supposed to stabilise the Jamaican dollar, return trust, remove fear from the hearts and heads ...
The Jamaica Manufac-turers' Association (JMA) and the Ministry of Education will sign a memoran-dum of understanding (MOU) in a few weeks that will lock in business for local printers, newly re-elected JMA President Brian Pengelley...
HE WAS a wheeler-dealer pardoned by another consummate dealmaker, a working-class Jewish boy who left Belgium to escape the Nazis and rose to become the billionaire 'King of Commodities'.Marc Rich's connections to the rich and powerful not only made him...
Jamaica Producers Group (JPG) shareholders approved a 200 per cent increase of the company's authorised share capital to 1.5 billion shares on Thursday.Chairman Charles Johnston disclosed no timeline for issuing the shares...
The Trinidad-based Caribbean Court of Justice (CCJ) has ruled in favour of the British Caribbean Bank Limited (BCB) in its financial dispute with the Belize government.The court ruled that the BCB had the right to proceed with arbitration and that the...
With a solemnity reserved for momentous occasions, the Senate passed historic legislation Thursday offering the priceless hope of citizenship to millions of immigrants living illegally in America's shadows.
The sugar group of the African Caribbean and Pacific (ACP) countries is warning the European Union (EU) of market instability and acute risk to their developing economies if the proposal to abolish EU sugar quotas in 2015, rather than the year 2020...
China's central bank tried Tuesday to quell fears the country faces a credit crisis by promising to support banks that face cash shortfalls.The central bank promised "liquidity support" if needed after a shortage of money in credit markets caused the...
The Jamaican government says it will establish a "firm" schedule to implement the upgrading and expansion of the Petrojam refinery, as it seeks to make the operations more modern and efficient.Science, Technology, Energy and Mining Minister Phillip...
Suriname will get a US$100 million loan from the Inter American Development Bank (IDB) to improve the effectiveness of financial institutions and markets and provide greater access to credit and financial services to firms and individuals....
Haiti is receiving US$35.5 million from the Inter-American Development Bank to improve drinking water services in the Caribbean nation's gritty capital of Port-au-Prince.The grant will support a programme created in 2010 with the help of the bank...
Caribbean Producers Jamaica (CPJ) has already made its first shipment of pork under plans revealed last week to boost its meat exports. The company has shipped three containers to St Martin, and will shortly begin exporting pork products to The Bahamas...
Desnoes and Geddes Limited, which trades as Red Stripe Jamaica, announced four management changes on Monday but denied that it is engaged in a restructuring, according to spokesperson Margueritte Cremin who will herself transition into a new regional...
