The Caribbean Policy Research Institute (CAPRI) is proposing that the Government increase the personal income tax threshold by 47 per cent in the next budget cycle to help compensate for losses due to…
Category: Business & Economy
EU auto waiver ‘here to stay’
The zero customs duty now applied to motor vehicles originating from within the European Union, is the culmination of a 10-year process to phase out the taxes, Finance Minister Nigel Clarke said on…
Omni Industries eyes regional expansion
Local plastic and PVC products manufacturer Omni Industries Limited (Omni) will be moving to expand into the burgeoning Central American market and has engaged NCB Capital Markets Limited (NCBCM) as financial advisor to…
Sygnus Credit targets $4-billion capital raise
With an ambitious US$300-million target of originations over the next three years and insatiable demand from companies, Sygnus Credit Investments Limited (SCI) is looking to return to the capital markets in a bid…
Cumax to arrange cross-listing of music rights firm on JSE
Cumax Wealth Management Limited will provide advisory services to American company Music Licensing Inc on its path towards a cross-listing on the Jamaica Stock Exchange by July. Music Licensing is a small music…
EFresh reorganises operations, earnings jump near 400%
Food distributor Everything Fresh Limited, EFresh, has shifted a sizeable portion of its inventory from its headquarters in Kingston to Bog Walk, St Catherine, in a restructuring exercise that’s aimed at driving down…
New owners to incorporate Jamalco in hunt for capital
The partners in Jamalco refinery in Clarendon want to refocus on incorporating the alumina company prior to approaching the capital markets for financing. The plan is to do so before starting new investment…
Jamaica Could Become a Powerhouse in the Beauty Industry
International Business Development Executive P. Falasha Harrison believes that Jamaica is sleeping on its potential in the global Beauty and Wellness Industry. That, as a country, we need to carve out a niche…
Russia agrees to extend Ukraine grain deal in boost for global food security
Russia agreed to extend a deal that has allowed Ukraine to ship grain through the Black Sea to parts of the world struggling with hunger, Turkish President Recep Tayyip Erdogan announced Wednesday, a…
Gas prices going up Thursday
Motorists will pay $3.06 more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $167.39 per litre and a litre of…