The Property Tax Act, 2009 was assented to by the President on December 31, 2009, and was expected to come into operation on January 1, 2010.
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Republic shares climb to $116.52
Overall market activity resulted from trading in ten securities of which three advanced, two declined and five traded firm. Trading activity on the first tier market registered a volume of 1,955,231 shares crossing the floor of the Exchange valued at $3,177,067.97. National Commercial Bank Jamaica Ltd was the volume leader with 1,901,965 shares changing hands for a value of $1,901,965, followed by Jamaica Money Market Brokers Ltd with a volume of 18,500 shares being traded for $9,065. National Flour Mills Ltd contributed 15,500 shares with a value of $14,830, while Republic Bank Ltd added 8,109 shares valued at $944,896.95. Republic Bank Ltd enjoyed the day’s largest gain, increasing $0.29 to end the day at $116.52. Conversely, Angostura Holdings Ltd suffered the day’s greatest loss, falling $0.50 to close at $11. On the mutual fund market, Clico Investment Fund posted a volume of 3,210 shares valued at $73,027.50. It advanced by $0.11 to end at $22.75.