News
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Why is manufacturing not part of IMF growth agenda?
KINGSTON, Jamaica – SINCE the present government was ushered into power in the election of 2011 there has been a great deal of hope that an International Monetary Fund agreement was necessary to put the economy on a sustained path for growth. A view I hold to be misguided — despite the importance of the programme. Of most importance is…
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Look to Canada for energy solution – diaspora member
KINGSTON, Jamaica – A member of the diaspora in Canada has said that it is time Jamaica engage Canada in the discussions aimed at eking out an alternative energy solution to solve the local energy crisis. Addressing a Gleaner Editors' Forum at the newspaper's North Street, Central Kingston offices yesterday, Howard Shearer who is the chairman of Hitachi Canada, said…
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EDITORIAL – Dr Phillips must hold his nerve
KINGSTON, Jamaica – Dr Peter Phillips must be under tremendous pressure from his Cabinet colleagues over the slide of the Jamaican dollar in relation to the greenback, now at J$100:US$1. But Dr Phillips and the central bank governor, Mr Brian Wynter, must hold their nerve. In fact, Dr Phillips has pushed back hard, telling his colleagues to accelerate and begin…
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Finance Minister leads delegation to Europe for talks
KINGSTON, Jamaica, CMC – Finance Minister Dr. Peter Phillips is leading a delegation to Europe for talks with officials from a financial institutions, according to an official statement released here. It said that the talks are intended to apprise agents in the international capital markets of developments on the government’s economic reform programme and the growth agenda. Information Minister Sandrea…
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Govt taps $833m from Chinese
PORT OF SPAIN, Trinidad – Trinidad and Tobago is already beginning to put some $833 million of the US$3 billion in concessional loans from China to use. Prime Minister Kamla Persad-Bissessar announced yesterday this country will be able to immediately access $833 million of these funds to accelerate the development of Business/Commercial and Industrial Parks throughout Trinidad and Tobago. “We…
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Scientists continue “systematic” exploration of Caribbean
MASSACHUSETTS, CMC – A team of oceanographers and astrobiologists in the United States is continuing their “systematic” exploration of one of the deepest points in the Caribbean Sea, searching for life in extreme seafloor environments. According to Dr. Chris German, of the Woods Hole Oceanographic Institution (WHOI) in Massachusetts, the scientists are using the hybrid underwater robotic vehicle Nereus in…
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Sino-Caribbean relations: Priorities and tradeoffs
GEORGETOWN, Guyana – The visit to the Caribbean earlier this month by Chinese Leader Xi Jinping and the simultaneous announcement that the region would be the beneficiary of yet another huge tranche of financial aid from the People’s Republic of China (PRC) lends a predictable continuity to Beijing’s pursuit of the use of economic diplomacy as a tool with which…
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UN condemns forced eviction of families
PORT AU PRINCE, Haiti, CMC – A senior United Nations official has expressed concern about ongoing illegal forced evictions and human rights abuses of families displaced by the 2010 earthquake. The Office of the Humanitarian Coordinator for Haiti said that earlier this month, the United Nations was informed that 120 to 150 families displaced by the earthquake and residing in…
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