Search Result for: expenditure

162 results found.

The Bahamas’ Major Airport Overhaul

The Bahamas has embarked on a major country-wide overhaul of its airports. The first phase of the program involves infrastructural projects geared toward increased capacity at thirteen of the country’s airports. “Over the last four years we have undertook a […]

How to Travel to the US Virgin Islands, For Less

It’s summer in the Caribbean, meaning the water is warm, the beaches are less crowded and the rates are often dramatically lower. And that’s true in the US Virgin Islands, which is now offering several incentives for summer travelers to […]

Disaster Risk Reduction in the Caribbean

By George Nicholson and Nnyeka Prescod Op-Ed Contributors In the economic sphere an act, a habit, an institution or a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it […]

The Road to Prosperity in Jamaica

By Dennis Chung CJ Contributor The Jamaica Labour Party’s slogan, “Poverty to Prosperity”, was very catchy and seemed to have been embraced by enough people for them to win the elections. Now that the election is over, we certainly as […]

A Landmark Solar Project Is Coming to St Lucia

A major installation By Dana NIland CJ Contributor In May 2016, Government House in St. Lucia will showcase the country’s renewable energy transition with the installation of a 10-kilowatt solar photovoltaic system, which could save the government thousands of dollars […]

Why Jamaica Can Regain Its Place As the Powerhouse of the Caribbean

A turning point By Dennis Chung CJ Contributor As was expected, 2015 was a turning point for the economy and the fiscal accounts. In 2015 the Jamaican economy started to see the benefits of the economic reform programme (ERP) and […]

Op-Ed: Caribbean Climate Change: What’s Next?

By George Nicholson and Nnyeka Prescod Op-Ed Contributors There is rising anxiety amongst island nations as the effects of the continuous warming of the earth become more evident on our physical environment. The negative impacts arising from changes in weather […]

How St Kitts is Planning to Go Greener

Two new areas By Dana Niland CJ Contributor St Kitts is looking to go greener, and the country has two new areas of interest: wind and waste-to-energy. St Kitts Minister of Public Infrastructure Ian Liburd said officials have had discussions […]

Foundations for Prosperity in Jamaica

A new approach By Dennis Chung CJ Contributor The World Bank recently released a paper called “Jamaica Economic Update Fall 2015”, in which it gave an update on the Jamaican economy and spoke to the necessity to achieve higher levels […]

Resorts World Planning $600 Million in Bimini Investments

By the Caribbean Journal staff Resorts World is significantly expanding its investment in the Bahamian island of Bimini. The company has revised its business plan from an initial investment of $150 million to $600 million, Bahamas Prime Minister Perry Christie […]

What Jamaica Needs to Succeed

By Dennis Chung CJ Contributor One of the things we often forget is that development of a company or a country is primarily for the purpose of advancing the lives of people, and not just measuring numerical indicators. Although companies […]

How Much Money Does the Cruise Industry Contribute to the Caribbean Economy?

Quantifying the impact of cruise tourism By the Caribbean Journal staff How much does cruise tourism impact the Caribbean economy? Something in the amount of $3.16 billion, according to Business Research and Economic Advisors, which launched its analysis of spending […]

How Can Haiti’s Growth Improve?

How can Haiti grow — and grow in a different way? By Dana Niland CJ Contributor A new report from the World Bank Group has outlined key opportunities and constraints to faster sustainable and inclusive growth in Haiti. The report cites the […]

Transport, Logistics and Competitiveness in the Caribbean

A new look at regional logistics By George Nicholson Op-Ed Contributor Regional trade policy, whether internally or externally guided, has traditionally focussed on removing tariff and non-tariff barriers. This has long been espoused as the catalyst that would enhance regional […]

Tourism Driving Stronger GDP Growth in Grenada

IMF says GDP growth quickening By the Caribbean Journal staff Grenada’s economy is on the rise. The country’s GDP growth forecast has been revised upward significantly by the IMF, following the organization’s latest visit to the country. While Grenada had […]

Montego Bay’s “Elegant Corridor” Gets New LED Lighting

Jamaica’s Elegant Corridor lights up By Dana Niland CJ Contributor Montego Bay’s Elegant Corridor has unveiled a major new lighting project. Jamaica’s Tourism Enhancement Fund has financed the installation of 797 new state-of-the-art LED lights. The lights cover a 27-kilometre stretch of […]

Jamaica’s Surplus Question

What’s the right target? By Dennis Chung CJ Contributor THE primary surplus on the fiscal accounts can be defined as what is left to service debt after the government considers its revenues and expenditure on running the country. So wages, […]

Cozumel to Host 2015 Florida-Caribbean Cruise Association Conference

Second time for the Mexican Caribbean destination By Dana Niland CJ Contributor The Florida-Caribbean Cruise Association Conference and Trade Show will take place this year in Cozumel for the second time, bringing with it the potential for a significant economic […]

Jamaica’s Productivity Problem

By Dennis Chung CJ Contributor AFTER 12 previous IMF agreements, Jamaica is once again at a crossroads. We are once again at a place where we are having a debate about how much pain is being inflicted by the agreement, […]

What Are Jamaica’s Options on Public-Sector Wages?

By Dennis Chung CJ Contributor ONCE again the public sector wage negotiation is the main topic of the day in Jamaica. This was also the case in 2004, when the first round of wage freezes was agreed. Then, just like […]

St Lucia Opening Embassy in Taiwan

Above: Taiwan By the Caribbean Journal staff St Lucia is opening its first-ever Embassy in Taiwan this week. The new embassy, which is slated to open Thursday, will be located in the capital, Taipei. A delegation from St Lucia led by […]

Could the “Singapore Experience” Have Happened in Trinidad?

Above: Port of Spain (CJ Photo) By Paul Hay CJ Contributor Lee Kuan Yew, Singapore’s first Prime Minister, died on 23 March 2015; and on 29 March 2015, the Straits Times published an article titled “The Singapore That Lee Kuan […]

Two New Properties On Way in St Lucia

Above: St Lucia (CJ Photo) By the Caribbean Journal staff There are two new St Lucia hotels coming on stream, according to the government. The first hotel is a major project by Canadian travel giant Sunwing at the former Smugglers […]

Jamaica Reports Positive GDP Growth

Above: Kingston (Caribbean Journal photo) By the Caribbean Journal staff After the country’s economy saw a 0.3 percent contraction in the last quarter of 2014, Jamaica is now reporting positive growth for the first quarter of 2014. The Planning Institute […]

The Caribbean’s Energy Potential

By Jorge Familiar CJ Contributor ENERGY SECURITY is at the top of the agenda for Caribbean leaders and it has been for some time. With an average cost of electricity four times higher than in rich nations such as the […]

Jamaica’s Prospects in 2015

By Dennis Chung CJ Contributor AS we come to the end of 2014, it is traditional for us to think about what will happen in the New Year. Apart from tradition, however, the end of a year is always used […]

Barbados Central Bank Challenges Standard and Poor’s Downgrade

Above: Barbados (CJ Photo) By the Caribbean Journal staff The Central Bank of Barbados is challenging Standard and Poor’s recent downgrade of the island’s sovereign credit rating. In a statement released this week, the bank said the downgrade was “without […]

Medical Tourism in the Caribbean

By Paul Hay CJ Contributor The fifth “Global Ministerial Summit” was held in Washington, DC on Sept. 21. Ministers of health, tourism and economic development, trade commissioners, and health attachés from 25 nations gathered to discuss medical tourism challenges and […]

From Anguilla to Aruba, the Best Caribbean Beaches to Visit This Summer