Jamaica
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CARICOM stock market review 2012
KINGSTON, Jamaica – The year 2012 was a challenging one for equity investors in CARICOM. Despite solid gains on manufacturing, conglomerate and banking stocks, returns were depressed by declines on tourism, real estate, insurance, investments and retail stocks. As a result, the CSX 30, which tracks the 30 most influential stocks in CARICOM, posted a modest gain of 7.27 per…
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Plans to amend human trafficking legislation
KINGSTON, Jamaica, CMC – With international pressure mounting on Jamaica to re-double its efforts to clamp down on human trafficking, the task force appointed to deal with this issue is pushing for amendments to already existing legislation. According to Carol Palmer, Chairperson of the Task force Against Human Trafficking, the recommended amendments will be submitted to Cabinet shortly for approval.…
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Don’t just talk about alternative energy, act!
KINGSTON, Jamaica – WE are aware that many factors can affect negotiations between the Government and business entities wishing to set operations here. Those factors can range from complex to the most minute detail. Either way, they most times lead to start-up delays that frustrate all parties involved. With that in mind, we hope that the Government and Russian firm…
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EDITORIAL – There is still promise in sugar
KINGSTON, Jamaica – Ambassador Derick Heaven is a man for whom this newspaper has the utmost respect and whose grasp of the intricacies of the global sugar industry is undoubted. Importantly, he has been a champion of the cause of reforming the industry, promoting the concept of a sugar cane, rather than a sugar, industry. It is in that context,…
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PM says last year was difficult, but promises a bright 2013
KINGSTON, Jamaica, CMC – Prime Minister Portia Simpson Miller has acknowledged that while the record of her ruling People’s National Party (PNP) over the past 12 months “has not been perfect” her government came to office “at a difficult time” and has since restored trust, brought back respect and decency to governance while making important progress in some key areas.…
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Don’t ignore the Leucaena project
KINGSTON, Jamaica – A perfect example of the shortage of vision affecting CARICOM governments is their dropping of the ball on the Leucaena project in the early 1980s. Ambassador Byron Blake, former CARICOM assistant secretary general, reminded us of that last month during a sitting of the Jamaica Observer Monday Exchange. For those who missed it, the Leucaena project was…
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‘IMF pact not our salvation’; ‘Butch’ Stewart urges J’cans to look out for each other as never befor
KINGSTON, Jamaica – GORDON ‘Butch’ Stewart yesterday urged Jamaicans to hold each other’s hands and face the challenges of 2013 in an exemplary spirit of unity and teamwork. Stewart, the Caribbean’s leading hotelier, said co-ordinated teams win big games, and if Jamaicans work as a team, by “helping each other, protecting each other, and supporting each other, as never before,…
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South-South economic relations finally paying off
KINGSTON, Jamaica – THE International Monetary Fund (IMF) predicts that by 2017 China will be the largest economy in the world, but it is not yet a developed country. If and when it achieves that status, it will represent a remarkable and unprecedented development in the world economy. Developing countries are now responsible for over half of global economic growth,…
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The Russians are here
KINGSTON, Jamaica – Seven years after Jamaica started courting the eastern Europeans, the first Russian carrier Transaero arrived on the island yesterday. The flight, a boost to the winter tourist season, landed at the Sangster International Airport in Montego Bay, St James, with 320 passengers aboard from Moscow, Russia. In a welcome ceremony at the airport, Minister of Tourism and…
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J’can delegation reports success from Doha climate change conference
KINGSTON, Jamaica – A Jamaican delegation of environmental officials has returned from the annual climate change conference in Doha, Qatar, with a sense of accomplishment, having seen the achievement of the goal to establish a new five-year commitment period that allows developed countries to further reduce their greenhouse gas emissions which contribute to climate change. The team, led by Minister…
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