Business

Lower Prices For Smartphones With The Removal of CET Come July 1

Consumers are likely to benefit from lower prices for smart phones, following the Government’s decision to remove the Common External Tariff (CET) on the item. The permission to remove the CET was granted, following a successful appeal to Caricom’s Council for Trade and Economic Development. The Finance Minister, Dr Peter Phillips, said that the 20% Common External Tariff (CET) now ...

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Mount Rosser Bypass Will Be Opened on August 6

China Harbour Engineering Company is again promising that the first leg (Mount Rosser bypass) of the North South link of Highway 2000 will be ready by August 6. That assurance was given to Prime Minister Portia Simpson Miller who toured the site on today. The ramaining two legs – Ferry to Linstead and Moneague to Ocho Rios – are scheduled ...

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Digicel’s Boss Denis O’Brien is Ireland’s Richest Man

Digicel’s boss Denis O’Brien is now officially Ireland’s wealthiest man with a fortune of 6 billion US dollars. Mr. O’brien tops the individual wealth list in the latest Sunday Times rich list. He has made his fortune by providing cell phone service across continents and a vast media empire that includes radio stations and properties such as the Irish Independent ...

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J$111.03 To One US Dollar

The US dollar today, May 19, traded at an average J$111.03 according to the Bank of Jamaica’s daily foreign exchange trading summary. On Friday, May 16 the US dollar ended trading at J$111.02. Meanwhile, Today the Canadian dollar ended trading at J$101.83, up from J$101.82, while the British pound traded at J$186.84 up from J$186.73.

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Price Hike For Poultry Products

Consumers are facing more increases in food prices triggered by the Jamaican dollar losing value against the US currency. As the US dollar increases one major supplier of chicken has again adjusted prices while it will soon cost more to purchase eggs. The continuing US dollar slippage is placing tremendous pressure on the manufacturing sector and signaled that more price ...

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LIME Invests Billions in Their Mobile 4G Network

4G is investing US$79 million or J$8.7 billion to upgrade its mobile network to deliver more of its fast 4G broadband speeds to more places across Jamaica. LIME is also seeking closer collaboration with the Government to enable more Jamaicans to access the Internet, which is increasingly becoming a tool for earning additional or fresh income.

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Juici Patties Ordered To Pay $14.8m To Man Hit By Company Truck

Juici Patties Limited has been ordered to pay $14.8 million plus interest to man who was severely injured after being hit by one of the company’s trucks. Roy Wilson in November 2010 was traveling in a car in Porus, Manchester, when a Juici Patties truck collided with his car. Wilson was awarded general damages of $12.8 million plus 3% interest ...

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St. Thomas Parish Council To Get a New Building

Minister of Local Government and Community Development Noel Arscott has disclosed that a building is to be constructed to house the St. Thomas Parish Council. Arscott says effort is now being made to find a site for the new structure. He made the disclosure yesterday at the installation ceremony for Mayor of Morant Bay, Ludlow Mathison, and his deputy, Edwin ...

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SSP James Forbes Fined $800,000 or Six Months in Prison

Senior Superintendent James Forbes has been fined $800,000 or six months in prison on the charge of attempting to pervert the course of justice. Resident Magistrate Stephanie Jackson-Haisley handed down the sentence in the Corporate Area Resident Magistrate’s Court a short while ago.

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JPS Light Bills To Go Up By 10% This Month

The Jamaica Public Service Company (JPS) has stated that electricity bills for this month will go up by 10% as a result of an increase in the amount the company is paying for oil. The revelation was made just after the Office of Utilities Regulation ordered the JPS to immediately cease its current actions of curtailing electricity to the communities ...

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