News
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IMF good news should stabilise the dollar
KINGSTON, Jamaica, Observer – IN a press briefing yesterday, Governor Brian Wynter expanded on Bank of Jamaica (BOJ) statement released that morning on the foreign exchange market. In the BOJ's press statement, they had noted that the fall in the exchange rate “had occurred in the context of extended negotiations with the International Monetary Fund (IMF) for a new borrowing…
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Holness urges caution on pending IMF deal
KINGSTON, Jamaica, Observer – OPPOSITION Leader Andrew Holness has warned Jamaicans to be cautiously optimistic as news emerges that an agreement with the International Monetary Fund (IMF) nears. Holness said yesterday that while the IMF agreement is likely to be approved by the end of April, the sentiment in some quarters that Jamaica’s problems were solved has been misguided. “We…
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EDITORIAL – Getting The Economic Ducks In A Row
KINGSTON, Jamaica, Gleaner – THE GOVERNMENT is beginning to get its critical economic pieces in their place. Last week, Finance Minister Dr Peter Phillips tabled an expenditure budget that, taking into the account the effects of inflation, projects spending at more than a fifth less than the previous fiscal year. This sharp reduction (14 per cent in nominal terms) in…
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Gov’t Focuses On Renewable Energy For Smaller Hotels
KINGSTON, Jamaica, Gleaner – Some $15 million has been set aside in the 2013-14 Estimates of Expenditure, now before the House of Representatives, to improve the competitiveness of small and medium-size hotels through the use of renewable energy. The Caribbean Hotel Energy and Action Project is a carry-over from the last fiscal year, and is being implemented by the Ministry…
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Tax Talks – Crucial Meeting Between Finance Ministry, Sector Interests To Discuss Removal Of Waivers
KINGSTON, Jamaica, Gleaner – The Business Processing Industry Association of Jamaica (BPIAJ) is among several interest groups scheduled to meet with tax administrators at the Ministry of Finance and Planning today to discuss the likely impact the removal of tax incentives could have on their members. “Yes, we have been invited to a meeting in Kingston,” Yoni Epstein, chairman of…
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JAMAICA-DEATH- Dr. Olive Lewin – Jamaican musicologist is dead
KINGSTON, Jamaica, CMC- Dr. Olive Lewin the well known Jamaican musicologist, folklorist and founder of the Jamaican Folk Singers is dead. Lewin, 85, who died on Wednesday, dedicated her life to keeping the nation’s traditional songs alive by researching, collecting and recording anthologies for the benefit of future generations. In the 1980s Lewin also spearheaded the Jamaica Memory Bank Project,…
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