ST GEORGE’S, Grenada (CMC): THE GRENADA government says it is owed more than EC$750 million (One EC dollar=US$0.37 cents) in outstanding taxes and penalties and that a tax amnesty offered this year is…
Category: Business & Economy
Grenada Gov’t gets parliamentary approval to amend tax legislation
ST GEORGE’S, Grenada (CMC): THE GRENADA government says it is owed more than EC$750 million (One EC dollar=US$0.37 cents) in outstanding taxes and penalties and that a tax amnesty offered this year is…
138 Student Living readies for APO
INSTITUTIONAL HOUSING company, 138 Student Living (138SL), is mum on timing but says the floating of an additional public offer (APO) should happen any day now. The company recently secured the go-ahead from…
WH analysis of GOP deficit plan: job losses, poorer kids
WASHINGTON (AP): THE WHITE House says the math in House Speaker Kevin McCarthy’s plan announced on Wednesday to trim the federal deficit by $4 trillion over a decade is “unforgiving” — estimating a…
Yes Iyah makes final payment for shares in Dream Entertainment
TWO YEARS after investment house Proven Investments Limited (PIL) sold its stake in Dream Entertainment Limited to Yes Iyah Limited, the new shareholder indicates that the deal is now wrapped up and all…
Derrimon targets high-density areas with online shopping
TARGETING PORTMORE in St Catherine or more online shopping traffic, Derrimon Trading Company Limited subsidiary Sampars is offering that community free delivery of groceries on set days. The company has spent what was…
Rich offered new, higher-risk instruments that shun masses
HIGH-NET investors are getting dozens of offers per quarter to pump their funds into relatively high-yielding debt and equity securities in offers not sent to the masses called exempt distributions or XDs, with…
BOJ spent US$1 billion to defend the pandemic dollar
THE BANK of Jamaica (BOJ) spent US$1.0 billion in defending the local dollar since the onset of the pandemic, but the country’s outlook, like that of the Caribbean, remains very challenging, according to…
Confidence dips, but spending plans rise
CONSUMERS AND companies are planning to spend more within a less confident economy, according to the latest Confidence Indices for the March 2023 first quarter. “The indices moved in the same direction and…
Uneasy marijuana industry seeks broader trade amid vast glut
TUMWATER, Washington (AP): THE EMAIL went out to legal cannabis growers around Washington state, alerting them that another of their colleagues had gone under. “Liquidation sale,” it said. Attached was a spreadsheet of…