Business

JPS Announces Debt Amnesty

The Jamaica Public Service Company, (JPS) has announced a Debt Amnesty Programme. Under the initiative, delinquent customers will be able to negotiate up to 70% off arrears to the power company. Customers in the Residential and Small Commercial categories, who owe in excess of $50,000 as at August 31 this year and had their service disconnected, will qualify to apply ...

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Jamaica Strikes US$100m Ganja Deal With Canadian Company

Canada based Timeless Herbal Care Limited (THC) announced it has secured a US$100m deal to develop medical marijuana products here in Jamaica for the international market. Courtney Betty, the Jamaican-Canadian who heads THC, did not go into great detail, but said the deal would create job opportunities for many Jamaicans. Betty used the opportunity in a speech at the Association ...

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Jamaicans Will Start Paying Less Income Tax Next Year

Jamaicans will be paying less income tax from next year. The Senate has passed the Income Tax (Amendment) Act, 2015, that will facilitate the provision of an additional J$35,568 (US$305) in tax-free income for workers, effective January 1, 2016. The Bill, which was passed with four amendments, provides for an increase in the personal income tax threshold and will make ...

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SLB To Publish Names & Photos of Delinquent Borrowers

The Students’ Loan Bureau (SLB) says come June 28, it will begin publishing the names and photographs of delinquent borrowers. A borrower is deemed to be delinquent if he fails to make a payment to his account in 90 days or more. It has been the policy of the SLB to publish the names and pictures of delinquents, even as ...

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US Donating 17 New Patrol Boats To The JDF

Jamaica’s law enforcement and Defence agencies will, by early next year, be equipped with 17 new patrol boats courtesy of the United States Government whose top diplomat here says the vessels will enhance the country’s ability to secure its maritime border. The vessels, according to Ambassador Luis Moreno, form part of Washington’s assistance programme in the areas of security and ...

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Tax on Electricity Begins This Month

The Jamaica Public Service (JPS) is advising its customers that it will begin applying the tax on electricity this month. The JPS says a General Consumption Tax of 16.5% will be charged to residential customers who use more than 350 kilowatt hours of energy. The re-introduction of GCT on electricity was announced by Finance Minister, Dr. Peter Phillips, as part ...

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Tara Couriers Takes Over Airpak Express

Norbrook Package Company has sold its package service, Airpak Express, to Tara Courier Services, four years after buying the operation from its founder. The sale price was not disclosed. Tara is buying Airpak’s client base along with some assets such as delivery vehicles, but not the company, Tara founder Steven Laing said. “We are not buying the company, per se. ...

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Jamaican Government To Sue For Damages To Road Furnishings

Motorists who crash their vehicles into road furnishings such as guard rails and signs will be forced to pay, through their insurance companies, for their repair or replacement as the cash-strapped Government looks at ways to reduce its expenditure in these areas. Dr. Morais Guy, the minister without portfolio in the works ministry, said yesterday that consideration is being given ...

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Adam Stewart Named Hotelier of The Year

Chief Executive Officer of Sandals Resort International (SRI), Adam Stewart, 34, became the youngest person to cop the Hotelier of the Year Award which was presented at the Jamaica Hotel and Tourist Association 54th Annual General Meeting at Hilton Rose Hall Resort and Spa on Saturday. Stewart said he was very humbled by the gesture. Stewart “grew up with tourism ...

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Island-Wide Protest By Police Over Government’s 5% Wage Offer

The Police High Command has called on its commanders island-wide to implement security measures in their divisions, in light of island-wide protest action by rank and file members of the force. The government was forced to call out the army reserve last night as the protests spread to all the divisions. Members of the police force began reporting sick last ...

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