Jamaica
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Member of Royal family to visit Jamaica
KINGSTON, Jamaica, CMC – A member of the British Royal family is due here on April 15 for a five-day visit, it has been officially announced. A government statement said that Prince Michael Of Kent, will attend a special luncheon hosted by Governor-General, Sir Patrick Allen on April 16 and also pay an official visit to the Sir John Golding…
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IMF deal does not mean business as usual – private-sector leaders
KINGSTON, Jamaica – Private-sector leaders say reports yesterday that Jamaica could have a new deal with the International Monetary Fund (IMF) by month end will have some immediate positive impact, but warned that it cannot be business as usual. With the continued devaluation of the Jamaican dollar, the heads of the Private Sector Organisation of Jamaica (PSOJ), the Jamaica Manufacturers'…
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IMF deal in weeks – Gov’t looks to growth as agreement expected by month end
KINGSTON, Jamaica- The Ministry of Finance and Planning has subdued its glee in reacting to the likelihood of an inked deal with the International Monetary Fund (IMF) by month end, which could result in a cumulative drawdown of around US$2 billion from the Fund, the Inter-American Development Bank (IDB), and the World Bank over the next four years. “We are…
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Attorneys want substantial compensation for Jamaican national
PORT OF SPAIN, Trinidad, CMC – Lawyers for a Jamaican national who claimed that their client had been discriminated against because of her nationality when she travelled to Barbados on March 14, 2011 called for substantial compensation as the matter resumed at the Caribbean Court of Justice (CCJ) on Monday. Attorney Michelle Brown told the six-member CCJ panel of judges…
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EDITORIAL – Sliver of light in Budget
KINGSTON, Jamaica – As much as we are inclined to commend the Government for the Budget it tabled in Parliament last week, we will reserve comment until the finance minister, Peter Phillips, presents the rest of his funding programme, including the allocations for the multilateral financial institutions (MFIs). For, as they say, the devil's in the detail. Further, as is…
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Gov’t signs bilateral investment treaty with Kuwait
KINGSTON, Jamaica – JAMAICA has signed a Bilateral Investment Treaty (BIT) with Kuwait that will encourage and guide future investments into the Caribbean country. The agreement, signed by Anthony Hylton, Jamaican Minister of Industry, Investment and Commerce, and Kuwaiti Minister of Finance Mustafa Al-Shemali, is part of a broader high-level Ministerial Trade Mission to the Middle East Gulf States of…
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This woeful public silence on UN decision against Haitians
KINGSTON, Jamaica – IT'S now more than six weeks since it became public knowledge for the governments and people of our Caribbean Community that the secretary general of the United Nations, Ban Ki-Moon, had conveyed the very shocking decision to the president of Haiti, Michel Martelly, of the world body's rejection of compensation claims affecting some 5,000 Haitian cholera victims.…
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President Obama’s commendable gesture
KINGSTON, Jamaica- IN 1978 Mr Lee Iacocca joined Chrysler as president and chief operating officer for the princely salary of US$1 a year. At the time, Mr Iacocca was by no means a poor man, having done well for himself at Ford Motor Company from which he was fired by Mr Henry Ford II. But Mr Iacocca, in an effort…
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Politicians are not economic managers
KINGSTON, Jamaica – When we consider the state of many of the economics in the Eurozone and especially the recent near meltdown in Cyprus at the end of last month, many do contend that politicians are not at all economic managers. Some would insist that politicians – in Europe, the Caribbean and parts of Africa – have been extremely harmful…
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Challenges on the horizon says analyst
KINGSTON, Jamaica, CMC – Ahead of Thursday’s presentation of the 2013/2013 Budget Debate, a local financial analyst is warning of major challenges on the horizon . With the Budget being tabled against the background of a not yet signed deal with the International Monetary Fund (IMF), financial analyst, Dennis Chung, believes it will be difficult for the Government to meet…
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