Companies listed on the Jamaica Stock Exchange (JSE) Junior Market are reaping dividends from the accompanying Government tax incentive, which is also generating benefits for the country. The regime sees the firms benefiting from a 10-year tax break. For the first five years, entities are exempt from paying corporate income tax, but are required to pay 50 per cent of...

Prime Minister, the Most Hon. Andrew Holness, says the Government is committed to partnering with civil society in the delivery of high-quality services to citizens. He noted that persons are demanding greater accountability and transparency in how Government conducts the affairs of the country, and such collaboration will help in improving governance at all levels. “As Jamaican citizens and firms...

Prime Minister, the Most Hon. Andrew Holness, says the credit union movement has become such a formidable force that it is now ranked as the largest membership organisation in the country. Mr. Holness, who was speaking at the media launch of Gateway Co-operative Credit Union (2017) Limited at the Montego Bay Cultural Centre on June 7, added that with the...

The Betting, Gaming and Lotteries Commission (BGLC), has indicated that it intends to fast-track the roll-out of Internet gaming in Jamaica. Director of Information and Communication Technology (ICT) at the BGLC, Carole Martinez-Johnson, said that the Commission is currently reviewing proposals from licencees, which will be processed as quickly as poosible. She was speaking at a JIS Think Tank held...

Finance and the Public Service Minister, Hon. Audley Shaw, says the Government is cognisant that much work remains to be done to further reduce bureaucratic impediments to doing business in Jamaica. He noted that Jamaica’s improved ranking at 75 out of 138 countries in the World Economic Forum (WEF) 2016/17 Global Competitiveness Report, up from 107 in 2012, “reflects our...

Finance and the Public Service Minister, Hon. Audley Shaw, has pledged the Ministry’s support to the Jamaica Stock Exchange (JSE) in its plans to expand the junior stock market. He said the JSE has indicated that it is targeting the listing of an additional 22 companies with a combined asset value of $22 billion over the next 12 months and...

Jamaica welcomed 1,217,870 visitors during the January to March 2017 quarter, who spent an estimated US$759. 3 million. Planning Institute of Jamaica (PIOJ) Director General, Dr. Wayne Henry, said the figures represent increases of 1.7 per cent and 3.7 per cent in arrivals and expenditure, respectively, over the corresponding quarter in 2016. He was speaking at the PIOJ’s quarterly media...