Latest News

Honey Bun (1982) Limited - Dividend Declaration Published: 11 June 2014

The Board of Directors of Honey Bun (1982) Limited declared an interim dividend of 5 cents ($0.05) per share. The dividend is payable on June 26, 2014 to
shareholders on record as at June 16, 2014. The ex-dividend date is June 12, 2014.

Scotia Group Jamaica - Interim Dividend Payment Published: 11 June 2014

The Board of Directors of Scotia Group Jamaica passed a resolution that an interim dividend of 40.0 cents per each stock unit to stockholders on record as at the close of business on June 20, 2014 and that the same be payable on July 11, 2014. The ex-dividend date is June 18, 2014.

Mayberry Investments Limited - Ordinary Dividend Payment Published: 11 June 2014

This serves to advise that the Board of Directors of Mayberry Investments Limited (MIL) approved an ordinary dividend of $0.12. The dividend will be made payable on June 18, 2014 to shareholders on record as at June 11, 2014. The ex-dividend date is June 9, 2014.

Foreign Account Tax Compliance Act (FATCA) Published: 09 June 2014

Are you FATCA Compliant?

In March 2010, the United States of America (US) passed the Foreign Account Tax Compliance Act (FATCA). Among its many requirements, FATCA requires all foreign financial institutions (FIs) around the world to identify and report certain information on customers who are Specified US Persons (whether or not they are the primary account holders) and Recalcitrant Customers. The governments of Jamaica and the US signed an Inter-Governmental Agreement (IGA) which, among other things, provides for Jamaican FIs to transmit the required information to Tax Administration Jamaica (TAJ) which will in turn submit the information received to the US Internal Revenue Service.

Information to be reported to the TAJ includes:

  • Name, address, and US tax identification number of each Specified US Person/Recalcitrant Customer;
  • Account number;
  • Account balance/value as at the end of the calendar year or immediately before closure if the account was closed during the calendar year,
  • Gross interest/dividends, and interest and other income credited to the account.

 
Effective July 1, 2014, to align with the requirements of FATCA and the IGA, we will be making changes to our account opening procedures. Further, we may be required to contact you in order to update your records.

Talk to us today or visit the Internal Revenue Services website at www.irs.gov for more information. You may also read more here.

We continue to enjoy an exceptional relationship with you and thank you for selecting NCB and its subsidiaries as your financial services partner of choice. We hope that together, we can help you to Put Your Best Life Forward.

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Kingston Wharves Limited - To invest US$20Mn Published: 27 May 2014

Kingston Wharves Limited - To invest US$20Mn Kingston Wharves Limited continued to execute on its goal to expand its business, with the purview of becoming the leading full service port. In the latest move, KW has indicated that it will be investing US$2Mn to expand and augment its properties and assets in preparation of operating a free zone as part of the government’s logistic hub. This development comes only two months after KWL announced acquisition of the stevedoring business of Allied Trucking & Maritime Services Limited. KW expects to purchase and refurbish existing warehouses, construction of a new warehouse complex and purchase off additional cargo-handling equipment.

Carreras Limited - Dividend declaration Published: 27 May 2014

Carreras Limited - Dividend declaration The Board of Directors at Carreras Limited will consider a dividend declaration at a meeting to be held on May 28, 2014.

PROVEN Right's Issue Closed Published: 20 May 2014

Proven Investments Limited Right's Issue closed on Friday, May 16, 2014 and the Offer was fully subscribed.