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
Sagicor Real Estate X Fund Limited is rising from an indifferent first-quarter performance and is confidently pushing forward with a more diversified investment holding that will include commercial and significant real estate developments. With a generated net loss attributable to stockholders of $2.77 billion for its just-released first quarter compared
10:18 am, Mon June 15, 2020 A survey by PricewaterhouseCoopers (PwC) claims that 71 percent of Caribbean businesses are expected to be more agile and resilient after COVID-19. PwC's COVID-19 Pulse Survey on May 11 involved 867 chief financial officers, CFOs, in more than 24 countries and territories in the region. It found that 63 per cent
Interesting highlights in IAJ's News Bulletin for the period January to April 2020.NEWS BULLETIN JAN TO APRIL 2020
RUM company, J Wray and Nephew (JWN) has spent approximately $300 million in COVID-19 give-back initiatives over the past three months. Since March, JWN's various outreach activities to support Jamaica's response to the COVID-19 pandemic have included donating a mix of cash, products, and high-strength alcohol (raw material) to aid
