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The new withholding tax on specified services will now take effect on September 1, the finance ministry said this week.The tax, which the ministry says targets non-compliant taxpayers as well as those outside of the tax net, will impose a three per...

The cambio market is exploring full migration to non-cash means of surrendering funds to the Bank of Jamaica in a bid to get around banking restrictions linked to an aversion to money laundering risk.Cambios, which are foreign exchange traders, are...

At first, Hi-Lo was un-willing to give up on Mandeville. Perhaps chan-ging the venue might help.But the relocation of the super-market operation a dozen years ago from Manchester Shopping Centre to Ward Avenue failed to generate the type of business...

A federal appeals court has upheld a settlement in which Southwest Airlines passengers got free drink vouchers but lawyers who sued the airline got US$1.65 million in cash.The 7th Circuit US Court of Appeals in Chicago last week upheld a lower-court...

Ecuadoreans are already contending with a rumbling, ash-spewing volcano and rising living costs because they use the appreciating US dollar as their currency.Now they've been told that Ecuador's oil - its principal export and a vital source of...

Puerto Rico's heavily indebted power company said Tuesday that it signed a contract to replace Brazilian oil giant Petrobras as the island's main fuel supplier in a bid to save money as a restructuring deadline looms. The Electric Power...

$120b plan for UWI campusesPages 4&5

The United States economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds. The economy as measured...

An afternoon surge on Wednesday gave the stock market its best day in close to four years, as stocks rebounded from a six-day slump.The three major US indices dropped six days in a row heading into Wednesday on concern that China's economy is...

Effective Thursday, August 27, the interest rates at which the Bank of Jamaica (BOJ) provides liquidity to deposit taking institutions will be reduced by 50 basis points. BOJ governor Brian Wynter said, for example, that the rate on the standing...
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