After sending off its first shipment of products to Costa Rica last Friday, Spur Tree Spices is now seeking to tap into other foreign markets and to expand in those already penetrated. The sauces and marinade company's Chief Executive Officer (CEO) Albert Bailey said that while they currently ship to
Jamaica's net remittance inflows have decreased by more than eight per cent to US$159.7 million. In April alone, the decrease was calculated at US$15.4 million. Many pundits projected that remittance flows for April would decline with several local remittance companies reporting, in late April, a decline of 10 to 15
US home sales dropped to their lowest level in more than nine and a half years in May, strengthening expectations for a sharp contraction in housing market activity in the second quarter following disruptions caused by the COVID-19 pandemic. The report from the National Association of Realtors on Monday also
The world's poorest countries could save more than US$12 billion owed to sovereign and other creditors this year through their participation in a debt-relief program. This is based on estimates published on Friday in a new database from the World Bank. The savings under the COVID-19-linked Debt Service Suspension Initiative
Caribbean Airlines suffered a US$14. 2 million loss in six weeks due to the COVID 19 pandemic. This was disclosed yesterday by Allyson West, an official in Trinidad and Tobago’s Ministry of Finance. She said estimated losses at Caribbean Airlines were racked up from March 23 to April 30. West
The US National Hurricane Centre (NHC) in Miami is monitoring two weather systems in the Atlantic and North Pacific Oceans. In their Saturday morning update, the NHC gave the Atlantic system, which is located a few hundred miles off the Southeast US coast, a low (10 percent) chance of development
MOST people are familiar with the phrase “if you fail to plan, you plan to fail”. Well, the same is true for tax planning. What is tax planning? Tax planning involves the various activities and/or strategies that a taxpayer can undertake to reduce tax liabilities by making optimum use of
According to data from the Financial Se rvices Commission (FSC), the private pension industry grew by 16 per cent in 2019. That more people are contributing to pensions is a positive development. However, are these pensions able to give the investors a positive return and support them in retirement? Could
Kingston Wharves Limited (KWL) has invested some $1 billion in terminal and logistics infrastructure development projects in an expanded vision to become the preferred port-centric logistics partner connecting the world to Caribbean markets, according to Chief Executive Officer (CEO) Mark Williams. “Even amidst this pandemic, Kingston Wharves is about to
MONTEGO Bay Chamber of Commerce and Industry President Janet Silvera is calling for a delay in the resumption of activities in the Airbnb sector, as the country's tourism industry fine-tunes protocols to deal with the novel coronavirus pandemic. Silvera, who made the call at this week's Jamaica Observer Monday Exchange
