Search Result for: wealth

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S&P Downgrades Puerto Rico Rating

Above: Puerto Rico (CJ Photo) By the Caribbean Journal staff Standard & Poor’s ratings services has lowered its general obligation rating on the Commonwealth of Puerto Rico to “BBB-” from “BBB,” the New York-based firm announced. Puerto Rico’s outlook is […]

Op-Ed: The Privy Council Conundrum

By David Rowe Op-Ed Contributor JAMAICAN PRIME MINISTER Portia Simpson-Miller commenced her administration with a political proposal of constitutional ramifications, announcing the government’s intention to remove the Judicial Committee of the Privy Council as Jamaica’s final Court of Appeal. The […]

Sustainable Prosperity in Jamaica

By Dennis Chung CJ Contributor THERE IS SOMETHING the Honourable Dennis Lalor always says to me that has a lot of relevance for the country, and individuals. That is: “Bird seed don’t make John Crow sing.” For any reader who […]

Usain Bolt to Race in Cayman

Above: Usain Bolt in London By the Caribbean Journal staff International sprinting superstar Usain Bolt will be participating in the second annual Cayman Invitational in May. It is the biggest track meet of its kind in the Cayman Islands, organized […]

Dennis Chung: The Cost of Cultural Habits in Jamaica

By Dennis Chung CJ Contributor IN 2011, I REMEMBER having a discussion with someone who questioned my continuous advice that people should look towards solar energy at home, and if necessary borrow the funds to install it. At the time […]

Dennis Chung: Why Devaluation Is Not Good for Jamaica

By Dennis Chung CJ Contributor OVER RECENT WEEKS there have been utterances from several quarters in Jamaica — including economists, analysts, and technocrats — about the benefits of devaluation for the country. The argument being made, is based on the […]

Transforming Haiti, in C Major

Above: Port-au-Prince (CJ Photo) By Alexander Britell PORT-AU-PRINCE — “The impact is not only having a good orchestra — this is the least you can do. The big impact is changing minds.” It could be an arpeggio, a chord, or […]

Dennis Chung: Jamaica’s Survival Under the International Monetary Fund

By Dennis Chung CJ Contributor AT THE END of December 2012, when it became clear no International Monetary Fund (IMF) deal was coming, I wrote an article titled “Jamaica without the IMF,” as I felt that it was important to […]

Dominica Welcomes New Ambassador From Venezuela

Above: Dominica (CJ Photo) By the Caribbean Journal staff Hayden Owando Pirela Sanchez is Venezuela’s new Ambassador to Dominica. The Venezuelan envoy presented his letters of credence to Dominica President Eliud Williams this week, saying he wants to “further deepen […]

Op-Ed: Haiti and the Caribbean

By David Rowe Op-Ed Contributor LAST WEEK, for the first time in its history, Haiti hosted the CARICOM Heads of Government Summit in Port-au-Prince. Michael Martelly the President of Haiti, with a great deal of pomp and circumstance, opened the […]

UK Decides Not to Implement VAT in Turks and Caicos Islands

Above: Minister Mark Simmonds By the Caribbean Journal staff Following widespread opposition in the Turks and Caicos, the United Kingdom has agreed not to implement a value-added tax in the territory. The decision, announced in a letter by Mark Simmonds, […]

Op-Ed: The Rule of Law in the Turks and Caicos Islands

By David Rowe Op-Ed Contributor In a political blast that threatens to cause a constitutional crisis in the Turks and Caicos Islands, the current Premier, Dr Rufus Ewing, has asked Her Majesty’s Government to recall Governor Ric Todd, Attorney General […]

Turks and Caicos Premier Asks UK to Recall Governor, Attorney General

Above: Turks and Caicos Premier Rufus Ewing By Alexander Britell Turks and Caicos Premier Dr Rufus Ewing has asked the United Kingdom to recall Governor Ric Todd, Attorney General Huw Shepheard and CFO Hugh McGarel Groves from office. In a […]

Durandis: The Closed Box in Haiti

By Ilio Durandis CJ Contributor SOMETIME IN THE 19TH CENTURY, in 1849 to be precise, long after Haiti’s independence from imperial France; there was an American slave, Henry “Box” Brown, who had himself mailed in a box to freedom. Henry […]

Chung: Fixing Jamaica’s Structural Deficiencies to See Growth

By Dennis Chung CJ Contributor THERE were two occurrences within the past week that reminded me that Jamaica still has a lot to do in order to see long-term sustainable development. There was an announcement that an International Monetary Fund […]

In Antigua, a Push for Local Produce

Above: a garden in Antigua By the Caribbean Journal staff The government of Antigua and Barbuda is urging citizens to buy locally-sourced food and produce as part of a campaign aimed at boosting the “health and wealth” of the nation. […]

A New Look in Haiti’s Cap-Haitien

Above: the inauguration ceremony (Photo: MT Haiti) By the Caribbean Journal staff Haiti has inaugurated a tourism project aimed at restoring the facades of a series of properties on Cap Haitien’s Rue 19. The project, which targets 29 houses on […]

Dennis Chung: Business and Consumer Confidence in Jamaica

By Dennis Chung CJ Contributor LAST YEAR, when the Jamaica Chamber of Commerce (JCC) reported that consumer and business confidence were at their highest level for years, many persons were excited about the prospects. I remember speaking with Ralston Hyman […]

Dominica Welcomes Canadian Envoy

Above: Dominica (CJ Photo) By the Caribbean Journal staff Dominica has received Canada’s new Ambassador to the country, Richard Hanley. The new envoy, who will be based in Barbados as Canada’s High Commissioner, said he was confident that the two […]

Gender-Responsive Budgets in Jamaica

By Marcia Forbes, PhD CJ Contributor A Solid WROC With the talk at every level of Jamaican society being about the IMF and the critical role the coming relationship with this institution will play in the country’s future, it […]

Dennis Chung: Jamaica’s Policy Options

By Dennis Chung CJ Contributor THERE ARE TWO THINGS of importance to Jamaica that occurred over the past two weeks which will have an effect on what happens to our economy going forward. The first is the update on the […]

Former GM at St Lucia’s BodyHoliday Joins Radisson Aruba Resort

Above: the Radisson Aruba Resort By the Caribbean Journal staff Mark Lyttleton-Frances has been named the new general manager of the Radisson Aruba Resort, Carlson Rezidor Hotel Group announced Thursday. Lyttleton assumed his role Jan. 8. He was previously the […]

Dennis Chung: Avoiding Economic and Social Decline in Jamaica

By Dennis Chung CJ Contributor JAMAICA IS ONCE AGAIN at an economic crossroads. Only this time it is more critical that we take the correct path, as the wrong one today leads over a precipice. The last time we were […]

Dennis Chung: Jamaica Without the IMF

By Dennis Chung CJ Contributor AS I READ the Dec. 29, 2012 statement, issued by Jamaica’s Finance Minister concerning the status of the International Monetary Fund negotiations, I thought to myself that it is not clear when Jamaica is […]

Achieving Life’s Equilibrium

Above: islets in the Caribbean Sea (CJ Photo) How does one live a balanced life and find the right equilibrium— particularly in the Caribbean? Dennis Chung, a chartered accountant and economic expert, believes he has the answers. And it’s what […]

Standard & Poor’s Places Puerto Rico Highway Bonds on Negative Watch

Above: Puerto Rico By the Caribbean Journal staff New York-based Standard & Poor’s has placed a group of highway-related bonds in Puerto Rico on CreditWatch with negative implications, citing insufficient reporting. The bonds, which include a BBB+ rating on the […]

Dennis Chung: Jamaica’s Economy in 2013

By Dennis Chung CJ Contributor ONE QUESTION I get a lot is: what is to be expected of economic performance in Jamaica in 2013? In particular, people want to know about the IMF agreement, the exchange rate, inflation, and GDP […]

Dominica’s Police Get Help from China

Above: Roseau, Dominica (CJ Photo) By the Caribbean Journal staff Dominica’s police force will soon be getting help from China, which has announced the donation of 90 motorcycles to the force. The motorcycles were handed over at a signing ceremony […]

From Montego Bay to Ochi, Why to Visit a Sandals in Jamaica Right Now