Jamaica
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EDITORIAL – Tax havens in retreat
KINGSTON, Jamaica – A development that could affect the economics of some of Jamaica's more prosperous Caribbean neighbours and, perhaps, the pocketbooks of some of our better-heeled citizens, passed largely unnoticed here last week. Ten of Britain's overseas territories and colonies, acquiescing to the prompting of the UK Prime Minister David Cameron, signed an agreement to share financial information with…
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High-level talks on future of CAL
KINGSTON, Jamaica – Jamaica has given the new board of the Trinidad-based Caribbean Airlines (CAL) a month to indicate how it intends to use the Air Jamaica brand in the future. Transport Minister Dr. Omar Davies, Tuesday, met with a high- level delegation from Trinidad and Tobago that included Trade Minister Vasant Bharath and CAL board members, to discuss the…
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Government seeking to further reduce crime
MONTEGO BAY, Jamaica, CMC – The Jamaica government is implementing measures to further reduce crime in the country and is focusing on at-risk youth, according to National Security Minister Peter Bunting. He told the 5th Biennial Jamaica Diaspora Conference that ends here on Wednesday that while the country has made significant progress in dealing with the crime situation, including a…
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PM wants nationals abroad to invest in Jamaica
MONTEGO BAY, Jamaica, CMC – Prime Minister Portia Simpson Miller is calling on members of the Jamaican Diaspora to invest in the country saying also that foreign investors have shown their confidence by investing in mega projects here. “Along with our Diaspora, we need our international partners, and we will continue to invite foreign investments. Belgian-registered companies have invested in…
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Let’s do the reverse of FATCA for Jamaica – Halsall
KINGSTON, Jamaica – Myrtle Halsall, senior deputy governor of the Bank of Jamaica, is suggesting that, as a countermove, Jamaica could initiate steps to get financial information on nationals living in the United States (US) in much the same way the US authorities are seeking to do with its Foreign Account Tax Compliance Act (FATCA). “In terms of impact on…
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FATCA looms: Auditors need to place it on their radar
KINGSTON, Jamaica – During an enlightening presentation to internal auditors at a recent meeting of the Institute of Internal Auditors (Jamaica chapter) by Mr George Roper, Scotiabank's, vice-president for compliance, the cold, hard facts of FATCA were expounded. FATCA is the Foreign Account Tax Compliance Act, a new United States (US) law aimed at foreign financial institutions (FFIs) and other…
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Randle to get honorary doctorate from UWI
KINGSTON, Jamaica – BUSINESSMAN AND publisher Ian Randle is to receive an honorary doctorate from the University of the West Indies (UWI). He is to be conferred at the annual graduation exercise on the St Augustine campus of the university in Trinidad and Tobago in October of this year. A pioneer in the field of Caribbean publishing, Randle founded the…
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EDITORIAL – Mr Obama should be careful in Syria
KINGSTON, Jamaica – Barack Obama, the American president, is a history buff who likes to bone up on the policies and strategies of his predecessors. As he moves to concretise his decision to provide arms to Syrian rebels, Mr Obama should probably reflect on a country called Afghanistan, where he is now attempting to end a war involving the United…
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JLP wants named of former opposition legislator cleared
KINGSTON, Jamaica, CMC – The Jamaica Labour Party (JLP) says it still wants the name and reputation of its former parliamentarian, Joseph Hibbert, cleared even though he died of a massive heart attack over the weekend. Hibbert, 65, an engineer, died at hospital. In 2009 he resigned as junior transport and works minister, less than a week after the British…
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