Mon | May 4, 2015

Business

In pursuit of administrative changes to make tax collections more efficient, Tax Administration Jamaica (TAJ) says it has deployed new software and, through the Ministry of Finance, is pushing local banks to reduce fees associated with tax...

Bureau of Standards Jamaica (BSJ) has developed standards for the production of 'bagged drinks', which over the years have become a hot sell for drink manufacturers but are largely produced under conditions that are unmonitored.Bag drinks or bag...

The balance sheet of Jamaica's principal maritime agency, the Port Authority of Jamaica (PAJ), will be stronger going forward, given that fees from the concession for the Kingston Container Terminal (KCT) and other statutory revenues that will...

Supermarket owner Frank Budwey is giving away the store, and his employees couldn't be happier.Budwey, 66, surprised his full-time workers with the news, he is bringing them on as partners as he begins to ease into retirement. He said on Friday that...

Banks await regulators' guidance on ganja loansFinancial institutions are awaiting guidance from the Ministry of Finance and the Bank of Jamaica on whether they can grant loans to farmers and entrepreneurs for the cultivation of marijuana for...

Caribbean Depot Limited is adding up equipment and expanding capacity to package refined sugar under the Jamaica Gold brand for distribution to local and, eventually, Caribbean markets on behalf of brand owner Jamaica Cane Products Sales Limited (...

Five gas station owners have banded together to form their own marketing company and retail chain, which is already doing business under the banner of FESCO.Four service stations are already up and running and another six are expected to join the...

Leo Taddeo, chairman and CEO of New Era Homes 2000 Limited, says he is likely to conclude the two-phased Caymanas Country Club housing development in December 2016, but will deliver fewer homes to the market.The real estate project at Caymanas...

Barita Unit Trusts Management Company has launched two new products, the FX Growth Portfolio and Real Estate Portfolio, growing the number of funds under management to six.FX Growth US dollar-denominated equity portfolio is primarily invested in...

The exit of Caribbean Cement Company's general manager, Anthony Haynes, is occasioned by one of the best quarterly profit recorded by the cement producer in years, even as sales remained flat.Net profit of $248 million for the March quarter...
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