Search Result for: import tax rates

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Uber Launches in Puerto Rico

Uber, the global power player in ride-sharing, is expanding in the Caribbean. After first launching last year in the Santo Domingo, the company has officially launched operations in Puerto Rico. “We are proud to celebrate Puerto Rico, with its streets […]

The Caribbean’s Fastest-Growing Hotel Company

By Guy Britton No Caribbean hotel company is growing faster right now than this one: AMResorts. The Apple Leisure Group subsidiary signed 17 new resort management contracts in 2015, easily the most of any company in the region. And now […]

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 […]

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 […]

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 […]

A New Spotlight on Caribbean Hotel Investment Opportunities

By Dana Niland CJ Contributor The Caribbean Tourism Organization (CTO) and the Caribbean Hotel and Tourism Association (CHTA) are launching the first Caribbean Tourism and Hospitality Investment Guide targeted at international investors. The publication exhibits a wide range of investment […]

What’s Restricting Growth in Jamaica

The growth question By Dennis Chung CJ Contributor In my last article, I asked the question why is growth so elusive to Jamaica and identified some of the challenges that restrict our ability to grow. These are not new and […]

Addis Ababa and the Caribbean

Global financing and the Caribbean By George Nicholson and Rachael Robinson Op-Ed Contributors The issue of global financing for development is a critical theme in the international development agenda with the most recent United Nations (UN) meeting being the Third […]

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, […]

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 […]

Where is Jamaica’s Private Sector?

By Dennis Chung CJ Contributor LAST year I sat on a panel to discuss the state of the economy. Someone in the audience correctly stated that much work was being done by the government to improve the business and economic […]

How Much Can Jamaica Grow?

By Dennis Chung CJ Contributor THE PLANNING Institute of Jamaica (PIOJ) is targeting real GDP growth of three percent in the fiscal year 2015/16. This is against the previously targeted 1.5 to two percent, under the current IMF agreement. I have […]

What “Buy Jamaican” Should Mean

By Dennis Chung CJ Contributor Earlier this week I attended a forum and was asked to answer some questions from the audience. The forum was about entrepreneurship and one person, an entrepreneur himself, addressed the audience and encouraged everyone that […]

Op-Ed: Is It Time For Regional Ferry Service in the Caribbean?

By George Nicholson and Nayaatha Taitt Op-Ed Contributors One race (de Caribbean man) From de same place (de Caribbean man) Dat make de same trip (de Caribbean man) On de same ship (de Caribbean man) So we must push one […]

Jamaica’s Path to Prosperity

By Dennis Chung CJ Contributor Jamaica’s January fiscal numbers reveal a concern that many of us expressed at the start of the International Monetary Fund agreement: that achieving the primary surplus target is going to be very challenging. The numbers […]

Op-Ed: The United States and Sugar Policy in the Caribbean

By Isabel Wees Op-Ed Contributor In 2001, President George W Bush launched the Caribbean Third Border Initiative with the countries of the Caribbean “to make sure the benefits of globalization are felt in even the smallest economies.” The Third Border […]

Changing the Attitude in Jamaica

By Dennis Chung CJ Contributor PROBABLY THE best known sporting brand, Nike, has a very simple tagline — “Just do it.” If you think about it, the tagline simply means that the only way to get results is to act. […]

Political Independence and Economic Development in the Caribbean

By Paul Hay CJ Contributor In 2003, Alvin G. Wint – former head of the Department of Management Studies at the University of West Indies, Mona Campus – noted in his book, “Competitiveness in Small Developing Economies: Insights from the […]

Is Jamaica on the Right Track?

By Dennis Chung CJ Contributor OVER the past few weeks, I have been approached by many persons who ask the questions: What is happening to the economy? Is Jamaica headed in the right direction? Is it time for me to […]

The Caribbean’s Greatest Challenge

By Zhivargo Laing CJ Contributor WE FACE many challenges in the Caribbean, but we need to pay special attention to the region’s most serious challenge – employment. Many thousands of our people are unemployed. Thousands more are under-employed. And many […]

Dennis Chung: Private Sector Growth and Jamaican Development

By Dennis Chung CJ Contributor LAST week I wrote about what the pillars of growth are. Today I want to answer a question, often asked in a roundabout way, by persons who say that the private sector has not done […]

Jamaica’s Pillars for Growth

By Dennis Chung CJ Contributor MY last article looked at how Jamaica can increase competitiveness in the tourism industry, which is critical for Jamaica because tourism is our highest foreign exchange earner, and the area in which we have always […]

USVI Governor Sends HOVENSA Sales Agreement to Legislature

Above: the HOVENSA refinery By the Caribbean Journal staff United States Virgin Islands Governor John de Jongh has submitted the new agreement with the HOVENSA refinery to the legislature for approval. The agreement, which is the fourth Amendment Agreement between […]

US Virgin Islands and HOVENSA Finalize 14-Month Sales Timetable

Above: the HOVENSA refinery By the Caribbean Journal staff The United States Virgin Islands and HOVENSA have reached an agreement to govern a 14-month sales process for what was formerly the Caribbean’s largest oil refinery. The sales process will begin […]

Jamaica’s Cruise Industry Is Growing, Buoyed by Royal Caribbean and Disney