Search Result for: recession

94 results found.

Diversifying Jamaica’s Energy Mix

By Paul Hay CJ Contributor In an article in Jamaica’s Sunday Gleaner dated 21 April 2013 titled: “More Lessons from the Past – Missed Energy Opportunities”, William Saunders, Energy Consultant, outlined Jamaica’s failure to act upon initiates to diversify its […]

Op-Ed: Toward a Green Jamaica

By Wayne Campbell Op-Ed Contributor THERE ARE more than seven billion people living on planet Earth. Our planet is at a critical juncture. As the global population increases, so, too do the environmental challenges associated with so many people living […]

Barbados, St Maarten Hold Talks on Talk Cultural Industries

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Barbados Culture Minister Stephen Lashley recently received St Maarten Governor Eugene Holiday for a visit in St Michael last week. The two sides focused on ways that culture can help diversify […]

Michael Edghill: Challenging the Caribbean Crime Narrative

By Michael W Edghill CJ Contributor OFTEN, once the narrative has been established, people simply view all events through the lens of that narrative. Anything to the contrary is then viewed simply an aberration because actually contradicting the established narrative […]

Moody’s Follows S&P, Downgrades Puerto Rico to Junk Status

Above: San Juan (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the general obligation of the Commonwealth of Puerto Rico to Ba2, or “junk” status, the New York-based firm announced Friday. The move follows a similar […]

Moody’s Downgrades Barbados Rating; Outlook Remains “Negative”

Above: Barbados (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the government bond rating of Barbados to Ba3 from Ba1, the New York-based firm announced. The two-notch downgrade reflected several key drivers, including the country’s “continued […]

Why the Caribbean Needs to Go Green

Above: a wind farm in Nevis (CJ Photo) By Michael W Edghill CJ Contributor NO, THE FOCUS of the following is not going to be on the impending doom of global climate change and the peril that island nations will […]

Barbados Plans Job Cuts For 3,000 Public Sector Workers

Above: Barbados (CJ Photo) By the Caribbean Journal staff Barbados’ fiscal consolidation efforts could soon mean the loss of 3,000 public sector jobs, Finance Minister Chris Sinckler announced this week. The proposed cuts, part of a wider fiscal consolidation programme, […]

Transforming Productivity in Jamaica

By Dennis Chung CJ Contributor LAST WEEK I referred to what I think is Jamaica’s biggest risk (that of the unproductive human resources) and also addressed my belief that the economic programme is on the right track, given the accomplishments […]

A New Way For Trinidad and Jamaica to Work Together

By Paul Hay CJ Contributor William Demas, former Head of the Economic and Planning Division of the Government of Trinidad and Tobago, compared the five-year national plans of Jamaica and Trinidad and Tobago (T&T) in his book The Economics of […]

Puerto Rico Governor Meets With Rating Agencies in New York

Above: Alejandro Garcia Padilla By the Caribbean Journal staff Puerto Rico Governor Alejandro Garcia Padilla has concluded a trip to New York City. The Governor was in New York to meet with representatives of ratings agencies Fitch and Standard & […]

Who Will Lead Caribbean Transformation?

By Zhivargo Laing CJ Contributor Dr Shelton Nicholls, former deputy director of the Central Bank of Trinidad and Tobago, was right when he said Caribbean countries needed to ensure economic growth strategies address the current challenges as well as take […]

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 […]

A Yachting Future for Dominica?

Above: Dominica (CJ Photo) By the Caribbean Journal staff Dominica is continuing talks on the construction of a marina in the northern town of Portsmouth, according to the government. Tourism Minister Ian Douglas said “a lot of preliminary work” remained […]

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 […]

New Fund to Boost Tobago Tourism

Above: Pigeon Point beach By the Caribbean Journal staff Hoteliers in Tobago will soon have access to a $50 million development fund, Trinidad’s government announced. The financial lifeline will come from the EximBank of Trinidad and Tobago. The fund was […]

Paul Hay: What History Means for Jamaica’s Logistics Hub

By Paul Hay CJ Contributor IN MY Op-Ed, “The Logistics Hub Project and Jamaica’s Development,” I indicated that Jamaica’s Logistics Hub initiative intends to make use of the island’s strategic geographic location to attract larger ships that will be able […]

Op-Ed: The Caribbean’s “Depth” Crisis

By Zhivargo S. Laing Op-Ed Contributor WHILE GOVERNMENT DEBT remains worrisome for many Caribbean and Latin American countries, socio-economic depth may be the more serious worry for sustainable growth and development in the future. Socio-economic depth here refers to the […]

Interview With Seaborne Airlines CEO Omer ErSelcuk

Above: a Seaborne plane By Alexander Britell With the departure of American Eagle from the Caribbean, the region’s aviation industry continues to change. But while many predicted doom, airlines large and small, from Cape Air to JetBlue, are working to […]

Cadiz: Caribbean Must Maintain Status as Premier Warm-Weather Destination

Above: Dominica (CJ Photo) By Alexander Britell PORT OF SPAIN — With the continued impact of the global recession, Caribbean islands must band together to preserve the region as the world’s premier warm-weather destination, Trinidad and Tobago Tourism Minister Stephen […]

IMF Approves $10.16 Million Disbursement for Antigua and Barbuda

Above: St John’s (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a $10.162 million disbursement to Antigua and Barbuda, following the completion of its eight and ninth reviews of the country’s economic performance […]

Cyprus and Jamaica

By Dennis Chung CJ Contributor PROBABLY THE MOST senseless decision I have ever seen in my lifetime, was the decision by the Cyprus government and European Union to impose a levy of up to ten per cent on bank deposits. […]

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 […]

US Virgin Islands Could Lose $100 Million Due to Sequestration: Report

Above: USVI Governor John de Jongh (Photo: OG) By the Caribbean Journal staff The US Virgin Islands could lose $100 million in federal funding by fiscal year 2021 due to the federal sequestration spending cuts that became official this week. […]

Dominica Eyes Wedding and Honeymoon Markets

Above: Dominica (CJ Photo) By the Caribbean Journal staff A change to Dominica’s Marriage Act has the country looking to capitalize on the multibillion-dollar wedding and honeymoon market. One of the major aspects to the change in the law is […]

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 […]

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 […]

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 […]

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