Jamaica
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PIOJ optimistic about economic growth in Jamaica
KINGSTON, Jamaica, CMC – The Planning Institute of Jamaica (PIOJ) is predicting that the island’s economy could experience as much as one per cent economic growth this fiscal year based on the implementation of several key multi-billion dollar projects. PIOJ Director General, Colin Bullock, said these developments include the J$2.5 billion (One Jamaica dollar = US$0.01 cents) Major Infrastructure Development…
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PM leaves for African Union summit in Ethiopia
KINGSTON, Jamaica, Gleaner- PRIME Minister Portia Simpson Miller was scheduled to leave the island yesterday for Addis-Ababa, Ethiopia, where she will attend the Special 50th Anniversary Summit commemorating the establishment of the Organisation of African Unity/African Union. Simpson Miller is accompanied by Foreign Minister A J Nicholson; Permanent Secretary in the Office of the Prime Minister Onika Miller; Jamaican High…
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Phillips, IMF defend ‘strenuous’ fiscal target for Jamaica
KINGSTON, Jamaica, Gleaner- The fiscal conditionalities of the new International Monetary Fund (IMF) agreement are strenuous, but necessary, IMF mission head Jan Kees Martijn and Finance minister Dr Peter Phillips argued Tuesday, amid scepticism that Jamaica can hold to its targets this time. The IMF team also introduced the new IMF Resident Representative for Jamaica, Bert Van Selm who will…
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IMF pleased with Jamaica’s progress
KINGSTON, Jamaica, Gleaner- SENIOR INTERNATIONAL Monetary Fund (IMF) mission representative to Jamaica, Jan Kees Martijn, yesterday said the Fund is “encouraged by the steady progress being made” by the country under the extended fund facility (EFF). “We have found a strong resolve to implement the programme and that is indeed critical because we all realise that there are serious challenges…
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JAMAICA-HOUSING-Government to write off mortgages for 50 home owners
KINGSTON, Jamaica, CMC – The Jamaica government says it will write off the outstanding mortgage balances for 50 homeowners as part of the country’s 50th anniversary of political independence. The programme being carried out by the Ministry of Transport, Works and Housing’s Jubilee Housing initiative will also result in these homeowners acquiring the necessary titles. Minister responsibility for Housing, Dr.…
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JAMAICA-CARICOM-Jamaica to debate amendment to CARICOM skills legislation
KINGSTON, Jamaica, May 22, CMC – The Jamaica government is to table amendments to the Caribbean Community (Free Movement of Skilled Persons) Act, so as to broaden the categories of skilled nationals able to access jobs in other regional countries. Labour and Social Security Minister, Derrick Kellier, will table the amendments to increase the categories of workers who can apply…
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Jamaica concerned about private sector representation at CARICOM
KINGSTON, Jamaica – THE Jamaican Government has expressing concerns about the inactivity of the Caribbean Association of Industry and Commerce (CAIC), and the vacuum it has created in the representation of the private sector at the regional level. Minister of State in the Ministry of Foreign Affairs and Foreign Trade Arnaldo Brown raised the issue in his sectoral debate presentation…
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Hoping for the best from ‘Caribbean Challenge’
KINGSTON, Jamaica – Last weekend’s meeting of Caribbean political and business leaders in the British Virgin Islands was not the type that would normally attract much attention. However, the issues discussed were most important to the survival of this region. Hosted by Sir Richard Branson, the British billionaire business magnate, on his private Necker Island, the two-day meeting, labelled ‘Caribbean…
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Ex-chairman supports Howai’s decision to fire board
KINGSTON, Jamaica – Former chairman of Caribbean Airlines Ltd (CAL) Rabindra Moonan assures that “all is well” at CAL since he left the national carrier in a good position and the country will see a turnaround soon in its operations. Moonan said he agreed with Finance Minister Larry Howai’s decision to disband the CAL board especially after a forensic audit…
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Trinidad government fires CAL board
KINGSTON, Jamaica – Trinidad’s Finance Minister Larry Howai Friday named a new board of directors for the cash-strapped state-owned national carrier, Caribbean Airlines (CAL), less than 72 hours after he told legislators that the company had accumulated losses in excess of US$100 million. Howai told a news conference that the new interim board will be chaired by former independent legislator…
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