Slow boat to pension refunds
THE GOVERNMENT of Jamaica is now holding up to $2 billion of pensioners' funds in the form of withholding tax, the Financial Gleaner has learned. When pension funds invest in fixed income securities, the withholding tax is deducted at source.
Stock exchange to enforce TRN requirement
SOME INVESTORS are nervous about the latest decision by the Jamaica Central Securities Depository (JCSD), which requires shareholders to provide their taxpayer registration number (TRN) for transactions with the Jamaica Stock Exchange...
Economic developments and activities ...this week in our past
ENTREPRENEURIAL ADVANTAGE March 31, 1908: The Collector General's Department reported that 834 or 13.2 per cent of all retail trade licences were held by Chinese nationals, while East Indians had 444 or 7.1 per cent and Syrians 88 or 1.4 per cent.
Bill Express to charge fee
EFFECTIVE TOMORROW, Bill Express will be charging a service fee of $35 for customers paying their utility bills. Customers should have started paying the service charge, which is inclusive of General Consumption Tax as early as March 1, 2006.
Dadlani's Shoppes of Rose Hall on target
WESTERN BUREAU: CHAIRMAN OF the multi-million dollar Shoppes of Rose Hall development in Montego Bay, Indru Dadlani, says that despite the cement problem in the island the project is on track for completion in July.
Olint appeals document ruling
LAWYERS REPRESENTING Olint Corporation Ltd. are going to the Court of Appeal to challenge a Supreme Court ruling refusing to grant an order for the Financial Services Commission to return documents which were seized earlier this month....
Major construction boom spurs T&T
BILLIONS OF dollars are being pumped into the Trinidad and Tobago economy as massive construction projects are being undertaken throughout the country. The twin-island state is also set to experience a building boom of epic proportion this year...
Capital & Credit Merchant Bank to diversify revenues
CAPITAL & Credit Merchant Bank Limited (CCMB) reported $1.16 billion in consolidated profits for the year ended 2005, up 34 per cent on $865 million a year earlier. The performance primarily reflected hefty inflows from securities trading...
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