Shaw to cut real estate taxes -
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Finance Minister Audley Shaw, in his first public speech since assuming office on Tuesday, announced the abolition of transfer taxes and the reduction of stamp duties, saying the moves should speed up the pace of business in construction and related industries.
Salada, market analysts caution shareholders on new Mayberry offer
The Board of directors of Salada Foods Jamaica Limited Jamaica advised its shareholders to exercise caution in their take-up of Mayberry's new offer of $40.08 per stock unit, saying those planning to do so should sell only as a last resort....
Liquidators of Dyoll Insurance sue Dyoll Group - Claims $117m in 'overcharged' fees
The joint liquidators for Dyoll Insurance Company, have sued the company's former parent, Dyoll Group, for $116.9 million, saying the figure represented overcharged manage-ment fees. The surprise lawsuit, filed jointly by John Lee of Jamaica and Ken Krys of Cayman Island....
Debra Lopez departing NCB Capital Markets - Williams to oversee wealth division
Debra Lopez has resigned as vice-president and head of the Wealth Management and Distribution unit of NCB Capital Markets Limited (NCBCM), effective November 30.She will, however, be proceeding on leave at the end of the month, September 30, coinciding with the wrap-up...
Joe Taffe replaces Wehby as PSOJ treasurer
Senator Don Wehby has given up his position as honorary treasurer of the Private Sector Organisation of Jamaica, leaving the trade agency with a vacancy in its officer corps.PSOJ president Christopher Zacca has advised members, however, that after...
Neal and Massy increases stake in BS&T - Takeover rivalry pushes up acquisition price
Neal and Massy Holdings Limited, a Trinidad-based conglomerate with interests throughout the Caribbean, last week increased its holdings in Barbados Shipping and Trading Company Limited by 3.78 million shares, in a transaction on the Trinidad Stock Exchange ...
Telecoms investment tops $84b since liberalisation - New regulatory powers needed
Considered 'a celebrated case' for its achievements in the telecommunications sector, Jamaica has recorded over US$1.2 billion ($84 billion) in capital investment since the sector was liberalised six years ago, said regulator J. Paul Morgan...
Mullings to promote benefits of new E-transaction law
Jamaica's commerce and technology ministry will lead a public education campaign on the Electronics Transaction Act, a new law that is meant to provide legal safeguards for parties transacting business via the Internet. The campaign kicks off in November, new energy, mining and Telecommunications Minister...
Largest Playboy store opens in London
Playboy opened its largest store in the world last week, confident the London fashion boutique can ride out the storm in a nervous retail market that could be hit by the worldwide credit crunch."Confidence is very, very high," said Playboy spokeswoman...
Cuba secures US$100mloan from Venezuela - To restore its railways
Venezuela granted Cuba a US$100-million loan to improve its railways, Cuban media said on Tuesday, as the island nation moves to rebuild its dilapidated infrastructure after years of economic crisis. Cuba's Communist Party newspaper Granma said...
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