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TCI capital, Grand Turk, clamours for Sandals/Beaches hotel, Most wanted brand
KINGSTON, Jamaica, Gleaner – GRAND Turk, the capital of the Turks and Caicos Islands (TCI), is the latest city to invite Gordon 'Butch' Stewart to establish his Sandals/Beaches resorts there in hopes of stimulating tourism growth. The call was made by the president of the Providenciales Chamber of Commerce, Tina Fenimore, who was the first to establish a hotel on…
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‘Son of Chávez’
GEORGETOWN, Guyana, Stabroek News – Hugo Chávez may be dead but chavismo is very much alive in the highly charged Venezuelan election campaign, due to come to a head on Sunday. As has been widely reported, the interim president and Mr Chávez’s anointed successor, Nicolás Maduro, a 50-year-old former bus driver and trade unionist, has been campaigning on the promise…
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Lewin hailed as cultural visionary
KINGSTON, Jamaica, Observer – JAMAICANS continued paying tribute yesterday to cultural icon Dr Olive Lewin who died in the University Hospital of the West Indies Wednesday night. Lewin, founder of the Jamaican Folk Singers, was ailing for some years. She was 85. Yesterday, Prime Minister Portia Simpson Miller expressed profound sadness at Lewin's passing and described her as a cultural…
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Devaluation Provides Growth Opportunities
KINGSTON, Jamaica, Gleaner – Despite the loss in value of the Jamaican currency relative to the United States dollar, two academics and a businessman have suggested that it provides opportunities to spur economic growth. “If the Jamaican currency is becoming cheaper, then it presents a great opportunity for firms to increase their exports, asserted Dr. Denzil Williams, deputy executive director…
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It really can’t be business as usual in Jamaica
KINGSTON, Jamaica, Observer – THE anticipated approval of the IMF deal by their executive board, announced on Monday, will give Jamaica some welcome breathing space but it is absolutely no panacea to our deep-rooted economic problems. In this context, the call of the three private sector leaders of the JCC, JMA and PSOJ that it “cannot be business as usual”…
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IMF Deal The Beginning Of A Long Haul
KINGSTON, Jamaica, Gleaner – Monday's International Monetary Fund (IMF) statement on Jamaica reads: “Fund management will submit to its Executive Board a 48-month arrangement under the Extended Fund Facility in the amount of SDR 615 million (about US$958 million, or 225 per cent of quota), with the recommendation that it be approved. It is expected that the board meeting would…
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Jamaica Expects Immediate Infusion Of US$213m From IMF
KINGSTON, Jamaica, Observer – The International Monetary Fund (IMF) will dispatch US$213 million to Jamaica immediately after its board approves the new bailout programme expected by month end, according to central bank Governor Brian Wynter. Those funds, along with future distributions, will immediately shore up the country's depleted reserves. The gross reserves fell to US$1.7 billion at the end of…
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CAL flight reductions to Jamaica ominous, say pilots
KINGSTON, Jamaica, Observer – CARIBBEAN Airlines' decision to cut back on the number of flights to Jamaica is being seen by the Jamaican Airline Pilots' Association (JALPA) as a first step towards pulling out of Jamaica. For several weeks it was rumoured that Caribbean Airlines (CAL) had planned to reduce flights to Jamaica, and on Tuesday, during a sitting of…
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