News
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Fly Jamaica asked to meet certain conditions
GEORGETOWN, Guyana, CMC – Guyana’s Aviation Minister Robeson Benn has called on the management of Fly Jamaica Airline to meet certain conditions before it begins flights out of the country. Benn has asked for the submission of corporate financial information as well as a bond from the airline. “The government of Guyana, like any responsible government and particularly for airlines…
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EU, US to push for trans-Atlantic trade deal
BRUSSELS—The European Union and the United States announced yesterday that they have agreed to pursue talks aimed at achieving an overarching trans-Atlantic free trade deal. The 27-country EU said such an agreement, first announced in Tuesday’s State of the Union address by President Barack Obama, would be the biggest bilateral trade deal ever negotiated. Any agreement could boost the EU’s…
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Venezuela devalues currency amid dollar shortage
CARACAS, Venezuela — Venezuela’s currency devaluation took effect on Wednesday amid questions about how the government can get a grip on 22-per cent inflation and satisfy growing demand for dollars to pay for imported goods. Some economists predict that the devaluation won’t solve problems such as a dearth of dollars for imports and shortages of some staple foods. The country’s…
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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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