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Use of ASYCUDA World Now Mandatory

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9 years ago

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Effective today, the use of the government’s Automated System for Customs Data (ASYCUDA) world for all export and import declarations is now mandatory.

The Jamaica Customs Agency wishes to advise the public that as at April 1, 2016, it will be mandatory to use the Automated System for Customs Data (ASYCUDA) world for all export and import declarations.

The web based system is designed to transform the agency to a paperless operation through the use of electronic documents.

ASYCUDA allows for:
• Convenient payment channels- real time gross settlement (RTGS), electronic transfers, cheque, advance accounts, debit/credit cards.
• The system also retains a perpetual electronic record of all transactions such as Manifests, Bill of Lading, Invoices, Permits, Electronic Single Administrative Document (eSAD). This facilitates timely post audit assessments, full visibility of transactions, risk management, breach data base and interdiction operations.
• The system allows real time viewing of entry declarations which reconciles the cargo manifest with the declaration. This helps to prevent freight fraud, undervaluing and smuggling of goods.

Importers are warned that if they commit a breach, they may be liable to a penalty of up to $1,000,000 for each offence, or, incur a penalty of not less than three times the duties payable, or no more than three times the value of the goods.

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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8 years ago

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November 24, 2016

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JSE Online Trading Platform

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8 years ago

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November 24, 2016

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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8 years ago

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July 11, 2016

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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8 years ago

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June 27, 2016

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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8 years ago

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June 27, 2016

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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