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Economist: T&T $$ in no danger of devaluation
PORT OF SPAIN, Trinidad and Tobago, Guardian -T&T is not in danger of a devaluation of its currency as just happened in Venezuela because the two foreign exchange regimes are different, a University of Trinidad and Tobago (UTT) economist and International Relations lecturer, who asked not to be named, told the T&T Guardian yesterday. The lecturer explained that Venezuela has…
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WI’s women ‘success’ no overnight achievement
PORT OF SPAIN, Trinidad and Tobago, Guardian – Beating Australia at any form of cricket is always a major triumph and West Indies’ women conquered that particular challenge wonderfully well in the International Cricket Council’s Women’s World Cup semifinal to earn a berth in Sunday’s final. In praising her team for the success during the Super 6 matches, captain Merissa…
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Sacrifice demands that Gov’t lead by example
KINGSTON, Jamaica, Observer- IT'S heavy — this $16 billion in new taxes being imposed on us by the Government. There is no doubt either that it will hurt most Jamaicans. After all, many of us, particularly PAYE workers, are already overtaxed. The fact, though, is that the Government has little choice, having participated in unrestrained borrowing and irresponsible fiscal policy…
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$45-m crop programme to help counter effects of drought
KINGSTON, Jamaica, Observer – MINISTER of Agriculture and Fisheries Roger Clarke this week announced a $45-million crop production programme as part of the Government's drought-mitigation initiative for the sector. The programme, he said, will provide for the establishment of 645 hectares of select crops in 13 parishes to counter any shortfall in cash crops resulting from the severe dry conditions…
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Jamaica Tourist Visitors Hit New Record
KINGSTON, Jamaica, Gleaner – Visitor arrivals by air and sea hit a record 3.3 million in 2012, up 7.4 per cent year-on-year, according to newly released tourism data. Arrivals in 2011 amounted to 3.07 million. Tourist visits also hit the three million mark in 2006. The bulk of last year's increase came from cruise passenger growth, up 17 per cent,…
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Opposition chides IMF
KINGSTON, Jamaica, Observer – THE Opposition Jamaica Labour Party (JLP) has chided the International Monetary Fund (IMF) for supporting what it described as the Government's 'scandalous raid' on the National Housing Trust (NHT) for $11 billion annually to fund the country's debt, as one of several new revenue measures announced in Parliament earlier this week. In the meantime, the Opposition…
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Westerners Support Debt-Reduction Plan – Business Leaders Say Gov’t Had No Choice
KINGSTON, Jamaica, Gleaner – STAKEHOLDERS IN western Jamaica say Government must now provide the nation with a comprehensive growth package to complement the measures announced by Prime Minister Portia Simpson and her finance minister, Dr Peter Phillips, earlier this week. In a broadcast to the nation, the prime minister and Phillips called for the financial sector and the entire country…
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‘Let’s Be Realistic’ – Phillips Pleads With Jamaicans To Understand Nation’s Economic Dilemma
KINGSTON, Jamaica, Gleaner – AMID THE hue and cry from sections of the society in response to a $16-billion tax package passed by Parliament this week, Finance Minister Dr Peter Phillips has urged Jamaicans to be guided by the country's economic reality as well as the global financial climate. “I think it important and I plead for the country and…
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