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  • Richard Branson announces new Virgin Hotel

    February 2, 2018 4:35 AM 22

    Billionaire entrepreneur Richard Branson says Virgin Hotels plans to open a property in Edinburgh, Scotland, in 2020. The only Virgin Hotel opened so far is in Chicago in the United States. Others are planned for New York, Dallas, New Orleans, Nashville, Washington, DC, San Francisco, Silicon Valley and Palm Springs, California. In a phone interview

  • Starbucks launches credit card, hoping to jolt sales

    February 2, 2018 4:35 AM 18

    Starbucks has a new product that it hopes will hook coffee lovers: a credit card. The card, launched on Thursday with JPMorgan Chase and Visa, comes as Starbucks struggles with slowing growth in the United States. With the new card, Starbucks wants to lure those who aren't yet signed up for its rewards programme. The Seattle-based company has more than 14 million

  • Customs ‘yellow form’ goes electronic February 1

    January 31, 2018 7:36 PM 27

    The Jamaica Customs Agency said that effective tomorrow, Thursday, February 1 it will be automating its passenger unaccompanied baggage declaration or ‘yellow form’. This will allow for more efficient processing of passengers who have unaccompanied baggage. As of February 1 hard copies of the ‘yellow form’ will no longer be issued to passengers

  • AI, virtual reality make inroads in tourism sector

    January 31, 2018 6:12 AM 20

    MADRID, Spain (AFP) — A hotel room automatically adjusting to the tastes of each guest, virtual reality headsets as brochures: the tourism sector is starting to embrace new technologies, hoping to benefit from lucrative personal data. In a prototype of the hotel of the future on display at Madrid's Fitur tourism fair, receptionists have disappeared and customers

  • Customs continues to improve efficiency

    January 31, 2018 6:12 AM 19

    In 2017, Jamaica become the first country to adopt and implement the latest version of the International Air Transport Association's (IATA's) Cargo-XML messaging standards (manifest file format), for the submission of advanced air cargo information. This move to adopt IATA's Cargo-XML Standards resulted from collaboration among the Jamaica Customs Agency

  • Tax changes provide booster shot for Pfizer

    January 31, 2018 4:49 AM 25

    Pfizer's fourth-quarter profit soared to US$12.27 billion, thanks to a huge tax benefit related to the United States tax system overhaul. The biggest US drugmaker on Tuesday reported an US$11.34-billion benefit, mainly from recalculating deferred tax liabilities. Pfizer also said it will take a charge of approximately US$15 billion, payable to the Treasury

  • SVL vice president marketing post made redundant

    January 29, 2018 9:44 PM 19

    Supreme Ventures said the post of Vice President, Marketing, held by Jason Hall has been made redundant, the company said in a release. “We thank Jason for his contribution to SVL and wish him all the very best in his future endeavours,” President and CEO of SVL Ann-Dawn Young Sang said noting that plans as to how the company will move ahead in light

  • Businesses demanded more creative financing options in 2017

    January 28, 2018 6:46 AM 19

    It would appear that lower interest rates on savings, the constriction of the repurchase agreement market, and the expansionary outlook for the local business converged last year to significantly expand the financing options available. At the Jamaica Stock Exchange (JSE) 13th Annual Regional Conference at Jamaica Pegasus this week, Steven Gooden, head of NCB Capital

  • EU takes Grenada, Barbados and six others off tax haven list

    January 26, 2018 7:36 AM 17

    BRUSSELS, Belgium (AFP) — The EU removed eight countries including Grenada, Barbados and Panama from its new tax haven blacklist on Tuesday after they pledged to address its concerns, in a move swiftly condemned by activists. The United Arab Emirates, Tunisia, Mongolia,and Macau were also lifted from the list by finance ministers, in a move that comes

  • Dealer to set up auto parts remanufacturing operation in Trelawny

    January 26, 2018 5:00 AM 24

    A company that plans to sell remanufactured auto parts beat out three others to win the JSE Pitch Room on Wednesday. The company, called i-Card, will operate from its warehouse at Hague in Trelawny. It's led by car dealer Gordon Baldie. Initially, i-Card will act as a springboard to sell imported spare parts through funnelling regional orders from its unnamed