Showing posts with label Transaction. Show all posts
Showing posts with label Transaction. Show all posts

Monday, January 12, 2015

Jamaica Customs implementing measures to reduce transaction time

Saturday, January 10, 2015 | 11:54 AM    

KINGSTON, Jamaica – The Jamaica Customs Agency (JCA) is implementing new measures to streamline its business processes and reduce transaction and waiting times for customers.

“These customer service initiatives not only speak to the service delivery provided by our staff, but also all our business processes and of course updating our information systems technology,” said Major Richard Reese, Chief Executive Officer (CEO) of the JCA.

Reese said that the agency is continually striving to enhance its services in an effort “to establish a culture that exemplifies quality customer service and high maintenance of service standards.”

He noted that since receiving executive agency status in 2013 the entity has gone through a number of organisational changes in accordance with its long term modernisation plan.

“We are doing very well both in terms of revenue and trade facilitation within the confines of the existing legislation. So, we are now in the process of amending the laws to facilitate better trade,” the CEO said, adding that some of the laws have already been changed to support electronic transactions.

“Our regulations are to be amended to support the flexi-work week to look at shift systems, so we are continually in the mode of change and reviewing our business processes,” he said.

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Jamaica Customs implementing measures to reduce transaction time

Wednesday, July 2, 2014

Transaction costs on the stock market increased

It’s now costing more to conduct transactions on the Jamaica Stock Exchange, JSE. Effective Monday June 30, the cess on transactions was increased by 0.1% or 0.05% to be paid by the buyer and seller.The JSE says the charge on contract notes issued by brokers for the purchase or sale of  shares will be 0.25%. General Manager of  the Stock Exchange, Marlene Street-Forrest, explained that the increase was triggered by rising operational expenses. The cess is a part of  the revenue base of  the Exchange.


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Transaction costs on the stock market increased