Jamaica Gleaner
Published: Saturday | June 13, 2009
Home : Business

Jamaica amending shopping laws
Jamaica is amending laws that govern duty-free shopping to allow travellers to make purchases on entry at the ports, under similar terms as when they depart. The change will allow for purchases of up to US$500 per person without having to pay customs and excise duuties.

Big fees a bounty for banks
Last year, National Commercial Bank of Jamaica (NCB) collected $10.5 billion in interest payments on loans to clients. But it also collected $5.9 billion in fees and commissions that are charged against customer accounts and layered atop transactions with the banks, eating into savings.

JIIC seeks new growth overseas - Looks to Trinidad, Bahamas for new markets
Jamaica International Insurance Company (JIIC) continues to look outside of Jamaica to grow its business, citing the need for a greater diversification of its risk which the company acknowledges is too concentrated in one country.

Industry movements
Gladys Miller has been appointed regional technical manager for Berger Caribbean, according to a recent stock market filing by Berger Paints Jamaica Limited. The appointment, however, dates back to January 1, 2009.


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