Wednesday | June 20, 2001

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Business

KLAS bidder gets $15 million tax waiver

SUCCESSFUL BIDDER for KLAS FM 89, Wilmington Corporation has received a tax waiver of $15 million in principal and penalties from the Ministry of Finance. The waiver, which was a response to the company's application for a waiver of $22 million of tax...

JP Morgan backs economy
JP MORGAN, one of the world's leading finance house, has acknowledged Jamaica's attempts to redress its macro-economic plight and return to growth. In a report released earlier this week entitled 'Jamaica: Spreads reflect slow improvement in...

Big jump in JSE index

YESTERDAY THE Jamaica Stock Exchange recorded (JSE) its best trading day to date for the year so far. The main index advanced 762.81 points to close at 33149.22. The JSE All Jamaican Composite Index advanced by 1,180.55 points to close at 33,454.36...

Do you really enjoy playing the odds?

Question: I am a self-employed mechanical engineer. I recently entered into a three-year contract to maintain the food-processing plant at my ex-employer's factory. I have 15 persons on my payroll. At peak, the number may climb to 40 employees.

FINSAC restructuring instantly spurs LoJ profits

LIFE OF Jamaica (LoJ) has recorded consolidated after-tax profit of $202.9 million for the year to December 2000, stimulated by a capital restructuring agre ement with the Financial Sector Adjustment Company (FINSAC), and represented what the...












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