Jamaica Gleaner
Published: Wednesday | November 28, 2012
Home : Business

Dolphin Cove meets resistance from TCI business group
Stafford Burrowes, chairman and CEO of Dolphin Cove Limited, says he welcomes the public debate on his efforts to open a dolphinarium in Turks and Caicos Islands (TCI), saying resistance to his type of business was not...

NCB Cap Markets buys AIC Finance
Securities dealer NCB Capital Markets Limited will enter the Trinidad market through its acquisition of AIC Finance, which holds some US$3.7 million in total equity, according to the latest available financials....

GOJ to skew tax system towards consumption
The Government has signalled its clear intent to move towards consumption-based taxes to drive revenue for the treasury. Concurrently, the corporate income tax rate will initially be harmonised with personal income tax at 25 per cent...

CCRIF now capable of covering 10,000-year storm events - Adds rainfall coverage to policy offerings
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has capital well in excess of its retained risk of US$25 million to cover payouts on more extreme disasters, including those classified as 1 in 10,000-year events....

GOJ deaf to car dealers' tax-reduction appeal - ADA warns falling auto sales will kill jobs
The delayed effect of new import duties implemented in May is now being felt by new-car dealers, who warn that jobs will be lost without a rollback of the 50 per cent tax hike....

Youth unemployment still triples national average
Jamaica's youth unemployment, at 32.2 per cent, is close to three times the national average, and has worsened in the past year, according to new data from Statin.Youth unemployment rose as high as 34.9 per cent in mid-2011.The overall unemployment rate...

Schapiro SEC successor likely to follow her lead
The leadership of the United States Securities and Exchange Commission (SEC) will change next month.Its approach to regulation probably won't.Mary Schapiro will step down as chairwoman after a tumultuous tenure in which she helped lead the government's...

Greek bankruptcy averted for now
European and global financial leaders have agreed to release 44 billion (US$57 billion) in critical loans to Greece and provide billions in additional debt relief in order to help the country stabilise its ailing economy...

Intrade boots US customers after federal charges
Intrade, the online prediction market that gained popularity as an informal oddsmaker for the presidential election, shut itself to US customers Monday after regulators charged it with illegally facilitating bets on future economic data...

UK picks Canadian to lead Bank of England
The British government has chosen Mark Carney, a Canadian, to become governor of the Bank of England, the first time a foreigner has been tapped for the position since the central bank was founded in 1694.

Schapiro SEC successor likely to follow her lead
The leadership of the United States Securities and Exchange Commission (SEC) will change next month.


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