Jamaica
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CARICOM supports Ja hosting SIDS regional meeting
KINGSTON, Jamaica – CARICOM has supported Jamaica's hosting of the regional meeting of the Conference of Small Island Developing States (SIDS) in June this year. The meeting is part of the preparatory process for the third summit of SIDS to be held in Samoa next year. Recalling that Jamaica had piloted a special declaration on SIDS in the context of…
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If President Chavez goes, what future for PetroCaribe beneficiaries?
KINGSTON, Jamaica – AILING President Hugo Chavez has returned to Venezuela, but that is not synonymous with a return to active service as leader of the country. His arrival in Caracas is not likely to silence political opponents salivating at the prospect of his demise, nor will it end the rampant speculation that his precarious health could force him to…
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Caribbean security firms see niche market
KINGSTON, Jamaica, (UPI) — Caribbean security industry operators are seeing business growth in response to both prosperity of an emerging wealthy class and a rise in crime risks to rich individuals and business organizations. Vigorous armed pursuit of organized crime in Latin America, in particular in Colombia and Mexico, has driven criminal drug gangs and syndicates toward potential rich pickings…
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EDITORIAL – Be done with the pussyfooting on energy
KINGSTON, Jamaica – Unintentionally, perhaps, the Office of Utilities Regulation (OUR) was less than generous with the facts, or the interpretation thereof. But through its wool and waffle we discern an effort to finally get on with the job of delivering new, cheaper electricity-generating capacity to the country and to give the Jamaica Public Service Company (JPS) and its parents…
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EDITORIAL – The other side of the IMF agreement
KINGSTON, Jamaica – SHORT OF Jamaica quitting its borrowing habit cold turkey, this newspaper is convinced that an agreement with the International Monetary Fund (IMF) is the only game in town. We also believe that given our situation, the deal that has been struck with the IMF is on the best terms that we could get. They are tough, but…
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World Bank commends Jamaican Gov’t
WASHINGTON, DC, USA — The World Bank has commended the Jamaican Government on recent economic initiatives, including the National Debt Exchange (NDX), to secure the recent staff-level agreement with the International Monetary Fund (IMF). “I have been listening keenly to the development in Jamaica over the last couple of days and I think what has transpired is a move in…
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Keep The Queen – Advisor to British PM urges Jamaica
KINGSTON, Jamaica -JAMAICA should step cautiously in its attempt to remove the Queen of England as head of state, as it could have adverse consequences, a special advisor to British Prime Minister David Cameron has said. Shaun Bailey, a budding, black politician who is of Jamaican heritage, told Jamaica Observer executives and journalists yesterday at the newspaper's weekly Monday Exchange,…
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PSOJ warns of massive job losses
KINGSTON, Jamaica – THE Private Sector Organisation of Jamaica (PSOJ) is calling on the Government to immediately review and make changes to aspects of its new tax regime, which it said could do more harm than good to the economy. “The PSOJ is urging the Government to immediately review and change its tax treatment of certain raw material inputs under…
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EDITORIAL – Poor economics, sovereign impotence
KINGSTON, Jamaica – Peter Phillips' public admission twice last week – of sovereign impotence in negotiating an economic support agreement with the International Monetary Fund (IMF) – should be powerful motivation for us to finally fix Jamaica's economy. Further, the shame of the circumstance should be another reminder of the need for, if not a catalyst towards, change in our…
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Private sector urged to invest in new global trans-shipment project
KINGSTON, Jamaica, CMC – The Jamaica government is urging the private sector to support the initiative to develop the country’s global trans-shipment and logistics hub by taking advantage of the potential investment opportunities it provides. Industry, Investment and Commerce Minister, Anthony Hylton said the development presents diverse prospects for the growth and expansion of the local business environment, and Jamaica’s…
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