Europe: EU to reform sales tax, end appeal of low-rate states in blow to Amazon The European Commission will propose on Wednesday changes to the way sales taxes are levied in the European Union with the aim of tackling fraud and curbing firms’ excessive tax-planning, a move that could hit U.S. online retailer Amazon (AMZN.O).
Scotia Investments Jamaica Limited (SIJL) has advised that the Supreme Court of Jamaica has approved and sanctioned the Scheme of Arrangement pursuant to which stock units in the Company (other than those held by Scotia Group Jamaica Limited) will be cancelled in consideration for cash payments J$38.00 per stock unit (payable to stockholders in Jamaica
Key Insurance Company Limited (KEY) has advised that Natalia Gobin-Gunter, Executive Board Chairman and Kala Abrahams, Executive Director, have resigned from the positions Deputy Managing Director and Purchasing/Web Operations Manager respectively effective September 30, 2017. Natalia Gobin-Gunter and Kala Abrahams will continue to execute their duties as non-executive directors.
Salada Foods Jamaica Limited (SALF) has advised that a Director purchased 120,000 SALF shares on September 27, 2017.
Sagicor Group Jamaica Limited (SJ) has advised that a connected party purchased a total of 240,760 SJ shares and sold 11,000 SJ shares during the period September 27 to 29, 2017.
Jamaica Producers Group Limited (JP) has advised that a connected party purchased 520,000 JP shares on September 27, 2017.
GraceKennedy Limited (GK) has advised that a Senior Manager sold 2,200 GK shares on September 25, 2017.
Europe: Euro Factories Add Jobs in Struggle to Keep Up With Orders Euro-area factories are scrambling to add staff as burgeoning orders stretch capacity. A Purchasing Managers Index for the region’s manufacturing industry rose to 58.1 in September from 57.4 the previous month, London-based IHS Markit said on Monday. That compares with a preliminary reading
At the Lasco Distributors Limited’s (LASD) Annual General Meeting, Mr. Peter Chin, Managing Director, gave us a brief description of the company. He stated that the company is a Marketing and Distribution Company which has a consumer and a pharmaceutical division. He then began to speak on a few financial highlights for the company’s year-end.
Knutsford Express Services Limited (KEX) has advised that its Annual General Meeting has been scheduled for 10:30 a.m. on Wednesday, October 25, 2017 at Caribic Vacations Limited located at 1310 Providence Drive, Ironshore, Whitesands Beach, Montego Bay.
