Business

Tourism Sector gets Increased Allocation

‘This budget provides for EC$12.2 million for airlift, an increase of EC$4.2 million over previous years. Of this sum, EC$5 million is expected in private sector contribution,” was among announcements from Finance Minister Dr Keith Mitchell when he presented the 2013 budget on Tuesday. The Tourism Sector is an important sector to the economic development of the country, but in recent years it has ... read more

10% reduction on VAT for the construction sector

The reduction was among initiatives disclosed in the 2013 budget which was presented to the island’s Parliament on Tuesday by Finance Minister Dr Keith Mitchell. Described as stimulation for the construction sector, the reduction will affect sand, cement, roofing materials, steel, and lumber and construction blocks. read more
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