Jamaica Gleaner
Published: Saturday | January 30, 2010
Home : Business

BOJ bails out Government again
The Bank of Jamaica (BOJ) had to pick up $13 billion worth of bonds to bail out the Government earlier this month. Deputy Financial Secretary Darlene Morrison confirmed the transaction Thursday night but denied suggestions that it represented an advance to the Government.

JPS cuts the power of five proprietors
Five business operators have been arrested for stealing electricity, as the Jamaica Public Service Company (JPS) intensifies its efforts to crack down on power theft.They were among 10 persons detained in the first two weeks of this year.

JDX, tax packages will compress economy, says PwC expert
THE DEBT exchange and new taxation charges will result in a compression of the economy and an effective reduction of revenues from taxation, according to tax expert Brian Denning, who says the fiscal initiatives announced in the past nine months would effectively squeeze $82 billion from the system.


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