Tag: revenue

NEWS

IDB — Regional Tax Revenues Down

The Inter-American Development Bank (IDB) says tax revenues rose moderately across Latin America and the Caribbean (LAC) in 2019 before declining sharply in 2020 as the COVID-19 pandemic drove down global economic activity. The Washington-based financial institution said revenue statistics in Latin America and the Caribbean this year, shows that the average tax-to-gross domestic product (GDP) ratio in the LAC […]

BUSINESS

Twitter Set To Double Revenue In 2023

Twitter in a report said it’s looking to double annual revenue to at least $7.5 billion and reach 315 million users in 2023. On the back of that announcement the company’s share climbed by more than 8%. Twitter also said it will increase the number of features to generate an increase revenue and users. The social media platform has been […]

Jamaica

Jamaica Rakes In US$3.64 Billion From Tourism In 2019

Jamaica welcomed approximately 4.3 million visitors in 2019, comprising 2.7 million stopover arrivals and 1.6 million cruise passengers, whose combined spending contributed to the destination earnings of US$3.64 billion. Minister of Tourism Edmund Bartlett made the disclosure recently in the country’s 2020/21 Sectoral Debate in the House of Representatives. He stated that stopover arrivals last year increased by 8.4 percent, […]

BUSINESS

YouTube Hits It Big In Revenue

Google for the first time has revealed its YouTube platform as the golden goose in terms of its advertising revenue generation. The company announced that YouTube generated $15.1 billion in ad revenue in fiscal 2019, including $4.7 billion in the fourth quarter. The company disclosed the numbers in its quarterly earnings report, which also included fiscal 2019. Pollyanna Davy, Readers […]