|Industry expects sales to grow with tax reduction
The real-estate industry is expecting profit margins on property sales to improve with Government's reduction of the rates on stamp duty and transfer taxes, initiatives they expect will also bolster sales amid a damper caused by rising mortgage rates.
Struggles to unlock the secrets of a policy
I am a young, highly trained professional. In 2004, I developed a very rare illness called fibromyalgia. This was after suffering injuries in a car accident. The condition is very debilitating. There is no known cure. I have had to stop working. In 2003, I bought an income-replacement policy. I surrendered it and submitted a claim on November 1, 2007. The insurer says they do not have a precedent for settling my claim.
'Debt is not bad, but be careful how you borrow'
Having debt is not a bad thing - unless you are unable to service it or it is being taken on for an entirely frivolous purpose. In other words, if you are going to borrow, be clear about why you really want the money.
Things to be aware of if considering a mortgage
A mortgage is among the most common, if not most significant, of loans that people acquire in Jamaica. Yet, it is the type of loan that persons often complain is frustratingly difficult to execute.
Caribbean Catastrophe Risk Insurance Facility reaches out to World Bank
Moving to address an apparent gap in its claims policy, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has approached the World Bank for assistance to provide flood insurance for its beneficiaries.
JUTC continues to bleed
THE STATE-owned Jamaica Urban Transit Company (JUTC) will continue to bleed money this year despite several measures by the new management to improve its efficiency. The Government is projecting that the JUTC will lose $1.1 billion for the year.