Business

Carnival Cruise Lines has reached an agreement with the Government of Jamaica, which will guarantee cruise ship ports in Montego Bay and Ocho Rios at least 1.2 million visitors over three years.The effective date of the agreement is March 1, 2011...

It took many by surprise when the tax authorities recently classified donations to charitable foundations as 'income'.In theory, this is not inappropriate or problematic.Under Jamaican income tax law, the tax authorities may...

Rohan Marley's Jammin Java Corp plans to spend close to US$200,000 annually to employ a new chief executive officer, the company said in a market filing to shareholders this month.The CEO's salary will cost more than six...

In last week's column, I had argued that along with the bad news of the downturn in the US economy there were some mitigating effects for Jamaican consumers and businesses from the accompanying reduction in oil prices.This reduction has come about ...

The Editor, Sir:I have always thought that our bauxite could fetch a higher price, if more of it was converted to the end product, aluminium.Why not use tax policy to entice our business leaders to invest in nuclear power;...

Leo Taddeo, chairman of New Era Homes 2000 Limited, is promising to deliver in eight months 200 middle-income homes that he is constructing on a 131-acre property at Caymanas Estate.The Caymanas Golf and Country Club...

The Jamaica Urban Transit Company (JUTC) has suspended operations at its South Parade bus park while refurbishing work is being completed there. Yesterday, workmen were busy carrying out work in South Parade...

The leaders of France and Germany are pushing all 17 nations that use the euro to enshrine balanced budgets in their constitutions and want greater collective governance of the Eurozone.French President Nicolas Sarkozy says he and German Chancellor...

RBC Royal Bank Jamaica lost close to one-tenth of its deposit base in just three months, a shift of resources by some savers that happened while the bank was finalising plans to shed the trappings of previous regional...

Prime Minister of St Vincent and the Grenadines Dr Ralph Gonsalves says legal action will be taken against a local commercial bank as the fallout continues from the financial problems...

Lottery and gaming company, Supreme Ventures Limited, is plotting more changes to its group structure amid an expanding bottom line that has benefitted from previous adjustments.It is also weighing the future...

The Bahamas government says it has signed two tax information exchange agreements (TIEAs) with Guernsey, one of the Channel Islands group of British dependencies and the Dutch island of Aruba.A government statement said that Acting Prime Minister...