Sun | Oct 25, 2020

Stories by McPherse Thompson/Assistant Business Editor

Published:Thursday | August 13, 2020 | 12:20 AMMcPherse Thompson/Assistant Business Editor

The Jamaica dollar hit a new milestone on Wednesday at $150.02 to the US dollar, its lowest value ever. The higher the exchange rate, the lower the value of the local currency and the higher the cost of doing business for Jamaican companies that...

Published:Thursday | May 28, 2020 | 12:00 AMMcPherse Thompson/Assistant Business Editor

The Jamaican economy contracted by an estimated 1.7 per cent in the January to March 2020 quarter compared with the corresponding quarter of 2019 and is projected to decline by 12 to 14 per cent for the April to June quarter. Planning Institute of...

Published:Wednesday | January 15, 2020 | 12:07 AMMcPherse Thompson/Assistant Business Editor

Tax Administration Jamaica (TAJ) did not conduct the requisite due diligence to ensure that cheques it accepted from taxpayers were valid and, as a result, was offered 209 invalid ones amounting to $43.816 million during financial year 2018-19,...

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