Month: February 2013
-
PM, Finance Minister Confirm Another Debt Exchange Programme
KINGSTON, Jamaica, Observer – Prime Minister Portia Simpson Miller has confirmed that a second debt exchange programme will be implemented. In a joint national broadcast with the Finance Minister Dr Peter Phillips this evening, Simpson Miller said the programme called a National Debt Exchange Offer will be launched Tuesday morning. The debt exchange is part of measures that the Government…
Read More » -
Gov’t starts implementing ‘painful’ measures to get IMF approval
KINGSTON, Jamaica, Observer – Let us pull together, PM appeals to country FINANCIAL institutions and holders of domestic bonds will this morning be asked to take a haircut on interest for the second time in three years as the Government starts implementing measures critical to signing a funding arrangement with the International Monetary Fund (IMF). Prime Minister Portia Simpson Miller…
Read More » -
Gov’t agrees to IMF preconditions
KINGSTON, Jamaica, Observer – GOVERNMENT has agreed to a number of preconditions with the International Monetary Fund (IMF) as part of a requirement for an extended fund facility with the multinational. Some of the preconditions were announced last night buy the finance minister, Dr Peter Phillips, during a joint national broadcast to the nation with Prime Minister Portia Simpson Miller.…
Read More » -
US military official urges Jamaica to deal decisively with corruption
(Jamaica Gleaner) The man entrusted by the United States (US) to monitor the gamut of its military-related affairs in approximately 31 countries and 15 areas of special sovereignty in the Western Hemisphere is urging the Portia Simpson Miller administration to be unyielding in its efforts to rid Jamaica of corruption. Commander of the US South Command, General John Kelly, last…
Read More » -
UNITED STATES-MUSIC-Grammys pays tribute to legendary late Jamaican reggae superstar Bob Marley
LOS ANGELES, CMC – The 55th Grammy Awards here Sunday night paid tribute to legendary Jamaican reggae superstar Robert Nesta Marley, renowned worldwide as Bob Marley. But, for a moment, it appeared as though there would hardly be any tribute to the late great reggae artist when about two-thirds of a set that was supposed to honour him was used…
Read More » -
CARIBBEAN-PRISON-Figures show significant number of Jamaicans in jails across the United Kingdom
LONDON, CMC – More than 800 Jamaicans are in jails in the United Kingdom, according to figures released during a debate in Parliament. The website bernews.com Monday reported that there were approximately, 1007 nationals from the West Indies incarcerated in jails across England and Wales at the end of 2012. It said that Jamaicans made up the bulk of that…
Read More » -
ST. LUCIA-TAX-Health authorities warn VAT is affecting patients acquire much needed medication
CASTRIES, St. Lucia, CMC – Five months after St. Lucia introduced a 15 per cent Value Added Tax (VAT), medical officials are warning the Kenny Anthony administration that patients could die because of their inability to meet the increased costs of medication. The St. Lucia Medical and Dental Association (SLMDA) is expressing its “deep concern” over the decision to put…
Read More » -
ST. VINCENT-FINANCE-Eustace wants answers surrounding FSA takeover of financial institution
KINGSTOWN, St. Vincent, CMC – Opposition Leader Arnhim Eustace Monday questioned the decision of the three-month old Financial Services Authority (FSA) to take over management and control of the Building and Loan Association (BLA), warning it could lead to further loss of investor confidence in St. Vincent and the Grenadines. “Further, I call on the FSA to give members a…
Read More »