THE EDITOR, Sir:
Having read the Wednesday, October 2, 2013 edition of The Gleaner, I am deeply surprised to have learnt that the incentive regime under the four-year-old Junior Market of the Jamaica Stock Exchange, to encourage and promote investments, entrepreneurship, employment and economic development, will be at risk of closure if we are to continue to be dictated to by the International Monetary Fund.
Our Junior Market is the envy of our Caribbean counterparts, especially Trinidad and Tobago. They hope to follow in our footsteps. I do not know what the Government has agreed to in the International Monetary Fund agreement, but it seems that any company that is in need of equity financing will have to take full advantage of the joys of listing under the Junior Market before year end.
While I don't know the Omnibus Tax Incentive Act, it seems that whatever was enjoyed until now will be far less attractive in the future. Perhaps we need more public awareness on this matter.
I do know that whatever the outcome, as they say, all good things must come to an end.