INVESTORS are set to spend close to US$2 billion to add new rooms to Jamaica's tourism product over the next two years, the Ministry of Tourism (MOT) disclosed on July 2. The investment in the number of rooms is expected to come from current and new players in Jamaica's tourism
DEVELOPMENTS which might have been put on hold in 2020 due to the spread of COVID-19 are now being brought forward for implementation. Sandra Garrick, chief executive officer (CEO) of the Real Estate Board, indicates that as at June 30, 2021 registered new developments have climbed 17.2 per cent over
Sagicor Life Jamaica (SLJ) , in another first of its kind move, has added tele-underwriting to its line of digital products. The introduction of the service is aimed at bolstering operations within its insurance business. Following a pilot launch of the project last month, a full roll-out of the service
Jamaica has signed off on important grant funding arrangements, paving the way for its long-awaited catastrophe bond issuance to get on the way. Jamaica has been planning a catastrophe bond issuance for two years now to enhance its disaster insurance arrangements in advance of the 2020 hurricane season. However, the
FRANKFURT, Germany (AP) — Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates. The agreement announced on Thursday last is an attempt
Share to FacebookShare to TwitterShare to EmailShare to More Jamaica is among 130 countries and jurisdictions that have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. The 130 countries and jurisdictions represent more than
There is a growing segment of the Trinidad and Tobago public clamouring for its home-based regional airline, Caribbean Airlines (CAL), to sever link with Jamaica in the wake of mounting losses. Some segments of the public blame the loss making routes in and out of Jamaica for the increasing operational
The Statistical Institute of Jamaica (Statin) has reported a 6.7 per cent decline in the economy for January to March or during the first quarter of this year when compared to the same period in 2020. This latest output by Statin is one percentage point more than that released earlier
Since March of 2020, when the first novel coronavirus case was identified in Jamaica, companies across the island have put in place several measures to deal with the situation. One of these measures was the introduction of a work-from-home (WFH) policy. The Business Observer sought the views of several company
Managing Director of the Jamaica Stock (JSE) Exchange Marlene Street-Forrest says the advent of the planned digital currency by the Bank of Jamaica makes the JSE even more bullish about its planned digital currency platform. The JSE is looking towards year end to offer cryptocurrencies and other digital currencies as
