Many companies in Jamaica and other territories have found it convenient to register as an international business company (IBC) in St Lucia because of taxation and other benefits which exceed those in their home country. Benefits under the Eastern Caribbean country’s IBC law previously included tax-free status, including no payment of corporate, income, or capital […]
Many people in their 20s and even 30s think, “I’m young! I have plenty of time to start saving for retirement.” But retirement age can creep up quickly. If you have relaxation and travel in mind for your retirement, you need to make sure you have enough money to support that. The key is to […]
Sagicor Financial Company Limited is moving to remove listings on the Barbados and the Trinidad and Tobago Stock exchanges having ceased trading on these platforms. In its latest annual report, the company, which now operates in 20 markets, says applications for delisting have been submitted. In its report, released this week, Sagicor management indicated that […]
A new study by the Bank of Jamaica (BOJ) aimed at estimating the “output gap” in Jamaica indicates that COVID – 19 has put a check on working hours, productivity and output. The term output gap attempts to measure the difference between the actual output of an economy and the maximum potential output expressed as […]
On Monday last Campari announced an update to its premium rum line-up, with the addition of the new “super premium” 15 Year Old Black River Casks rum, crafted by master blender Joy Spence of Appleton Estate. Spence is the first female master blender in the spirits industry. Originally launching in Canada only in September 2018, […]
Kevin Richards, the chief executive officer of Kingston Properties Limited (KPREIT), says both the company and its shareholders should not be significantly impacted by new income tax laws from the island of St Lucia, where the company is registered as an international business company (IBC), thereby accessing zero taxation on its earnings. Kingston Properties subsidiaries […]
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Regional carrier Caribbean Airlines Limited (CAL) in its first quarter performance this year reported US$25.7 million or TT$172.7 million in losses — a 75 per cent downturn in revenues when compared to the corresponding period of last year. Since the outbreak of the novel coronavirus pandemic last year, the airline has had to deal with […]
n his first public pronouncement on the controversial entry of Uber into the Jamaican market, Transport Minister Robert Montague has welcomed the ride-sharing company’s overtures locally but cautioned recruited drivers to have the requisite… https://jamaica-gleaner.com/article/lead-stories/20210623/montague-open-arms-uber-warning
PARIS, France (AFP) — The global economy has surpassed its pre-pandemic peak, data survey firm IHS Markit said Monday, as the recovery accelerates thanks to vaccination and the end of pandemic-related restrictions. IHS Markit, which conducts monthly surveys of businesses that are highly valued by the market as a leading indicator of economic activity, forecasts […]
