Jamaica
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Holness urges caution on pending IMF deal
KINGSTON, Jamaica, Observer – OPPOSITION Leader Andrew Holness has warned Jamaicans to be cautiously optimistic as news emerges that an agreement with the International Monetary Fund (IMF) nears. Holness said yesterday that while the IMF agreement is likely to be approved by the end of April, the sentiment in some quarters that Jamaica’s problems were solved has been misguided. “We…
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EDITORIAL – Getting The Economic Ducks In A Row
KINGSTON, Jamaica, Gleaner – THE GOVERNMENT is beginning to get its critical economic pieces in their place. Last week, Finance Minister Dr Peter Phillips tabled an expenditure budget that, taking into the account the effects of inflation, projects spending at more than a fifth less than the previous fiscal year. This sharp reduction (14 per cent in nominal terms) in…
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Gov’t Focuses On Renewable Energy For Smaller Hotels
KINGSTON, Jamaica, Gleaner – Some $15 million has been set aside in the 2013-14 Estimates of Expenditure, now before the House of Representatives, to improve the competitiveness of small and medium-size hotels through the use of renewable energy. The Caribbean Hotel Energy and Action Project is a carry-over from the last fiscal year, and is being implemented by the Ministry…
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Tax Talks – Crucial Meeting Between Finance Ministry, Sector Interests To Discuss Removal Of Waivers
KINGSTON, Jamaica, Gleaner – The Business Processing Industry Association of Jamaica (BPIAJ) is among several interest groups scheduled to meet with tax administrators at the Ministry of Finance and Planning today to discuss the likely impact the removal of tax incentives could have on their members. “Yes, we have been invited to a meeting in Kingston,” Yoni Epstein, chairman of…
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JAMAICA-DEATH- Dr. Olive Lewin – Jamaican musicologist is dead
KINGSTON, Jamaica, CMC- Dr. Olive Lewin the well known Jamaican musicologist, folklorist and founder of the Jamaican Folk Singers is dead. Lewin, 85, who died on Wednesday, dedicated her life to keeping the nation’s traditional songs alive by researching, collecting and recording anthologies for the benefit of future generations. In the 1980s Lewin also spearheaded the Jamaica Memory Bank Project,…
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Ja continuing to court other multilaterals, says Phillips
KINGSTON, Jamaica, Observer – STRAPPED for cash and looking forward to signing a US$958-million loan agreement with the International Monetary Fund (IMF) by month end, the Jamaican Government is continuing to court other multilaterals, Finance Minister Dr Peter Phillips said yesterday. On Monday the management of the IMF indicated that it will be making the recommendation to the Board that…
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Bermuda Hopes To Bounce Back In 2013
KINGSTON, Jamaica, Gleaner – Visitor arrivals fell by six per cent in 2012 but new Tourism Minister Shawn Crockwell is confident Bermuda can bounce back this year and cash in on a number of market opportunities. Crockwell, whose One Bermuda Alliance has been in power for just under four months, told a news conference on Tuesday that visitor arrivals dropped…
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Margaret Thatcher: economic transformation, political polarization
KINGSTN, Jamaica – MRS Margaret Thatcher, who secured her place in British history as the first and only female prime minister of Great Britain, died yesterday at the age of 87 years. Referred to as the “Iron Lady”, the epithet given to her by cold war Soviet Union, Mrs Thatcher ruled for 11 divisive years (May 1979 – November 1990),…
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EDITORIAL – Take Thatcher’s grit
KINGSTON, Jamaica – Whatever your view, good or bad, of Margaret Thatcher, the former British prime minister (PM) who died on Monday, there is no gainsaying that she was a transformative figure whose influence transcended the United Kingdom (UK). Further, in our current circumstance, Baroness Thatcher, her politics, and the way she forced Britain to confront its economic demons have…
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Thatcher was Jamaican ally
KINGSTON, Jamaica – One of Jamaica's closest allies at the end of the Cold War in the 1980s was Great Britain under then Prime Minister Margaret Thatcher as the Conservative Party in that country and the Jamaica Labour Party (JLP) shared a similar vision. Dubbed the 'Iron Lady', Thatcher was a close political ally of former prime minister of Jamaica,…
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