The Holness administration has committed almost $2 billion in the upcoming fiscal year to provide a shot in the arm for the micro, small and medium enterprises (MSMEs). According to Finance Minister Dr Nigel Clarke, $1.8 billion will be made available in loans to the MSME sector in the 2019-2020
A $14-billion stimulus package is the centrepiece of the Government’s 2019-2020 Budget. Finance Minister Nigel Clarke announced a raft of tax-relief measures aimed at boosting economic activity by promoting business start-ups and removing fiscal impediments to business operations. As of April 1, a total of 3,500 businesses will no longer
Finance and the Public Service Minister Dr Nigel Clarke has announced interest rate cuts for borrowers of the Students’ Loan Bureau (SLB) who are in good standing. In his maiden contribution to the Budget Debate in Gordon House today, Clarke told his colleague lawmakers that, in keeping with the objective
SEE THE MEASURES BELOW: 1. Increase in the Annual General Consumption Tax (GCT) Threshold The GCT threshold was last increased in 2009 to $3 million, up from $1 million. It is proposed to increase the threshold to $10 million, up from the current $3 million. *The potential revenue loss is
A Clarendon farmer who faked his death to collect on a $17-million insurance policy is expected to be sentenced in the Kingston and St Andrew Parish Court today. Kim Wayne Phillips, who was 45-year-old when he was charged with conspiracy to defraud, attempting to obtain money by false pretence, and
Financial commentators are predicting that Finance Minister Dr. Nigel Clarke will not announce new taxes when he makes his Budget Presentation in the House of Representatives this afternoon. They say with revenues remaining ahead of target there is no need for tax measures to finance the $J803 billion budget
Sagicor vote postponed A meeting that was scheduled in Barbados over the restructuring of regional insurance conglomerate Sagicor Financial Corporation Limited, SFC, has been postponed. Both Sagicor and the Canadian company that is acquiring it for US$536 million or US$1.75 per share want more time to sell the deal to
The temporary appointment of the last investment manager for the National Insurance Fund (NIF) has come to an end after 16 months, and the job has now been handed to Hope Fisher, the bond portfolio manager. Fisher replaces Dione Jennings, who has been reassigned to another agency of the Ministry
WESTERN BUREAU: The highly anticipated committal hearing for Dana Minto, the St James nurse who is facing a charge of causing death by dangerous driving in relation to the deaths of two persons, was rescheduled yesterday when she appeared before the St James Parish Court. During what was a brief
THE United Nations Development Programme (UNDP) recently supported a climate proofing training for policy analysts, a timely and relevant initiative, as the world is at a critical point in its collective efforts to address climate change. Climate change poses a significant threat to the Caribbean with far-reaching impacts on our
