Dealers worried - Say motor tax likely to drive down sales
The Government's proposed increase in taxes on motor-vehicle imports has raised fears of a downturn in the automobile retail industry, whose members say the likely consequence will be a hike in automobile prices and less affordable vehicles. "It definitely will have negative effects...
Jamaica's debt hits $1 trillion - UK writes off £5 million
The United Kingdom (UK) is writing off £5 million (J$703 million) of Jamaica's debt, saying it is freeing the funds to be pumped into services and poverty programmes. Jamaica owes the UK more than $1.6 billion, which the write-off would cut by approximately 43 per cent....
Chamber of Commerce critical of Shaw's budget
The Jamaica Chamber of Commerce (JCC) has described the Jamaica Labour Party administration's first budget in two decades as reactionary, saying it was unlikely to stimulate economic growth. But, JCC president Mark Myers also said it was close to the best budget...
Berger banking on colour system to secure market - Projects 25% revenue growth
Pained by the inroads that rivals have made in the market, Berger Paints Jamaica Limited is banking on its computerised colour tinting system not only to boost revenues but also give the company a new edge over rivals. The added investment in technology for competitive advantage...
'Tax threshold too low'
Finance Minister Audley Shaw's two-tiered proposal, which hikes the income tax threshold above $200,000, has fallen short of worker expectations, according to the island's two largest labour unions. The National Workers' Union (NWU) said it hoped the new threshold would be $275,000...
Service GDP takes a hit as economy dips - Fiscal inflation floats close to 20%
Jamaica recorded negative growth in the final quarter of 2007, a period that was particularly challenging for manufacturers and producers whose 3.2 per cent decline was the major upset to gross domestic product (GDP). The Statistical Institute of Jamaica, which tracks economic...
Delta makes US$3.6b play for Northwest - Planned merger to create world's largest airline
Delta AirLines Inc and Northwest Airlines Corp have agreed to merge to create the world's biggest carrier, but they must now convince antitrust regulators and labour unions to move forward. Two of Northwest's largest unions immediately declared their opposition. Most importantly...
Oil pushes to new high above US$113
Oil prices rose to new heights on Tuesday, surging to almost US$114 a barrel after the dollar fell and concerns mounted about global supplies. United States (US) retail gasolene and diesel prices also struck new highs. Traders honed in on a report by the International Energy Agency...
A colleague or a friend?
The new millennium has changed the way we work, the office environment is changing and the hierarchy is going 'flat'. Gone are the days when the boss's cabin used to be a sanctum accessible to a privileged few. As the office environment goes from formal to informal, often the question...
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