Search Result for: fiscal

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Puerto Rico Is Reporting Record-Breaking Cruise Numbers

By the Caribbean Journal staff Puerto Rico is seeing very strong cruise numbers in 2018, according to Puerto Rico Governor Ricardo Rossello — and the island is even breaking records. The island actually set a new record for cruise passenger […]

Port Canaveral Just Set a New Passenger Record

By the Caribbean Journal staff Florida’s Port Canaveral just set a new record for cruise passenger movements, the port announced in a statement this week. Port Canaveral has logged 4.5 million cruise passenger movements so far in 2017, already outpacing […]

Jamaica’s Opportunity to Shine

By DENNIS CHUNG CJ Contributor A few years ago someone asked me what I was passionate about. I mentioned that one of the things I really am passionate about is Jamaica and Jamaicans. It is that passion for Jamaica and […]

Why Cory Booker Went to Puerto Rico

United States Senator Cory Booker visited Puerto Rico at the end of last week for a trip highlighted by a meeting with the island’s new Governor, Ricardo Rossello. During the meeting, Rossello urged Booker, a Democratic senator from New Jersey and […]

Developing Jamaica’s Intellectual Capacity for Growth

BY DENNIS CHUNG CJ Contributor I recently made the point that the most important asset that Jamaica has is its three million residents, and that it is the underutilization of this asset that has caused us to attain average growth […]

The Caribbean Development Bank’s Growth Outlook for 2017

What’s next for the Caribbean economy? According to the Caribbean Development Bank, the region is projected to see economic growth of around 1.7 percent this year. The CDB’s Director of Economics, Dr. Justin Ram, warns that this won’t be enough […]

Jamaica’s Competitiveness Challenges

More on Jamaica’s economic issues By Dennis Chung CJ Contributor Last week, I ended by speaking on the point that if we are to see true economic and social development in Jamaica, this can only come through increasing our competitiveness […]

Jamaica’s Growth: Same Problems, Same Solutions

On Jamaican growth By Dennis Chung CJ Contributor The World Economic Forum has just published the 2016/17 Global Competitiveness Report (GCR), and it shows that Jamaica has improved its ranking from 86 of 140 countries to 75 of 138 countries. […]

Jamaica Eyes Stronger Growth

After years of flat growth, Jamaica is projecting a stronger economy in the medium term. The country projects average real GDP growth of 2.6 percent over the next four years, according to a policy paper tabled by Jamaica Minister of […]

How to Move to Punta Cana

It’s the most popular tourist destination in the Caribbean: Punta Cana, the beach-filled paradise on the eastern coast of the Dominican Republic. And while it’s filled with a host of great, mostly all-inclusive properties, the country’s tourism hub is also […]

Jamaica Needs a Serious Approach to Development

Time for a new approach for Jamaican Development By Dennis Chung CJ Contributor The current government has economic growth as its main thrust. The phrase coined by the Growth Council — “Five in four” — refers to the objective to […]

Jamaica and the IMF: What’s Next?

Looking ahead for Jamaica and the IMF By Marcia Forbes, PhD CJ Contributor Jamaicans Fear IMF’s Exit Everyone in the room wanted Jamaica to remain in a strictly monitored formal IMF programme, complete with sanctions for missed targets. Some scoffed […]

Maximizing Jamaica’s Potential

AS I listened to the Planning Institute of Jamaica’s recent review of the Jamaican economy, I thought to myself that we have become a nation that is too used to mediocrity. The PIOJ estimated that the Jamaican economy grew by 0.9 […]

Jamaica’s Growth Agenda

By Dennis Chung CJ Contributor Jamaica’s government has placed growth at the front of its priorities. Since political independence, in 1962, we have only seen growth of any significance in the period 1962 to 1972, and then about three years […]

Taxes and Caribbean Tourism

By Robert MacLellan Op-Ed Contributor LIAT Airlines has been a vital factor in the commercial and tourism life blood of the Caribbean for decades. However, the company has now had three CEO’s and two Acting CEO’s in the last seven years, […]

What Are Jamaica’s Development Goals?

By Dennis Chung CJ Contributor Last year I had set a goal to ride 7,500 miles on the bicycle, which I achieved. Discussing it with another cyclist, I was asked if that was my ultimate objective and if I would […]

Why to Buy Jamaican

By Dennis Chung CJ Contributor As Jamaica pursues our eternal search for economic development, one focus has been on the need for us to purchase local goods and services in preference to imports. The reasoning behind this seems logical, as it […]

How to Create Prosperity in Jamaica

By Dennis Chung CJ Contributor In order to secure power (spillover from the colonial system), both political parties in Jamaica, when they formed government, set about creating institutional loyalties, using the state bodies and security forces to cement their hold […]

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 […]

How to Move to Barbados

Yes, it’s possible to move to the Caribbean, whether you want to add a second home or turn your Caribbean beach dream into a reality. Now, moving to the Caribbean means different things for different people and different price points […]

What’s Next for Jamaica’s Economy

Looking ahead By Dennis Chung CJ Contributor In 1961, when Jamaica voted by referendum to withdraw from the West Indies Federation, Dr Eric Williams, then Premier of Trinidad and Tobago, said “one from ten leaves nought”. This statement can be […]

Tobago Is Adding More Hotel Rooms

Tobago is expanding its hotel stock. The island’s House of Assembly has purchased two properties at Sanctuary and Manta Lodge, according to Tourism Secretary Tracy Davidson-Celestine. The pair of properties will add 160 rooms to the island’s hotel stock. “Works on […]

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 […]

Turks and Caicos Projecting Strong GDP Growth

By Dana Niland CJ Contributor The Turks and Caicos Islands is projected to have some of the region’s highest GDP growth in the coming years, according to data from its Strategic Policy and Planning Department. Future projections suggest that economic […]

Mary J. Blige Just Joined the Lineup for the St Kitts Music Festival