Search Result for: burden

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Forbes: Jamaica’s Energy Insecurity

By Marcia Forbes, PhD CJ Contributor Heavy Burden of Imported Oil The figures stunned me. Anthony Hylton, Minister of Industry, Investment & Commerce and Julian Robinson, State Minister in the Ministry of Science, Technology, Energy & Mining both spoke at […]

Op-Ed: FATCA’s Impact on Jamaica

By David Rowe Op-Ed Contributor Jamaican green card holders and US citizens resident in Jamaica should be aware of the FATCA statute. The Foreign Account Tax Compliance Act has been passed and will affect these two categories of individuals when […]

Op-Ed: Jamaica’s Debt Trap

By Kent Gammon Op-Ed Contributor The state of the Jamaican economy over successive administrations tells the story of Jamaica’s evolving debt trap. The distinction that should be appreciated amongst successive administrations is how well each managed (or perhaps more appropriately […]

Antigua and Barbuda to Receive $20.3 Million from International Monetary Fund

Above: Parliament in Antigua By the Caribbean Journal staff Antigua and Barbuda will receive a $20.3 million disbursement from the International Monetary Fund, following the fund’s completion of the fourth, fifth and sixth revues of the country’s economic performance under […]

Jamaica’s Phillips: Country Must Put Debt on Downward Trajectory

Above: Finance Minister Dr Peter Phillips By the Caribbean Journal staff Jamaica must develop comprehensive policies aimed at putting the country on the path toward reducing its debt burden, according to Finance Minister Dr Peter Phillips. Jamaica’s debt payments were, […]

Montserrat Reforms Import Tax Rates

By the Caribbean Journal staff Montserrat will introduce measures to simplify and rationalize the island’s import tax rates next month, according to Frank Ferguson, director general of the Montserrat Revenue Services. The revisions will cause changes to be made to […]

Op-Ed: Hyatt’s Carlos Cabrera on the Future of Caribbean Hotels

By Carlos Cabrera Op-Ed Contributor When asked about Hyatt’s strategy to enhance its distribution during the company’s Q1 earnings call in May, Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation, specified that expanding the Hyatt Resort presence was one […]

Op-Ed: Jamaica, Greece and Putting the People Before the Creditors

By Jake Johnston Op-Ed Contributor Jamaica is barely emerging from its worst economic downturn in the last 30 years. Even after positive growth returned in 2011, the economy remains 3 percent below its 2007 level, and with anaemic growth projected […]

St Lucia Modifies Fuel Price Policy

By the Caribbean Journal staff St Lucia’s government has adopt a modified version of its so-called Fuel Pass Through Pricing Mechanism. The new policy on fuel price allows for the retail price of fuel to be adjusted every three months […]

St Lucia Prime Minister Explains VAT

Above: St Lucia Prime Minister Dr Kenny Anthony By the Caribbean Journal staff St Lucia Prime Minister Dr Kenny Anthony explained the soon-to-be-implemented Value Added Tax in his budget address this week, clarifying a set of goods and services that […]

Fortuño: Puerto Rico Becoming “A More Attractive Place to Do Business”

Above: Governor Luis Fortuño By the Caribbean Journal staff Puerto Rico has become a “more attractive place to do business” with a reduced corporate tax burden for companies looking to invest in the island, Governor Luis Fortuño said at the […]

Jamaica’s Debt Interest Payments Were World’s Highest in 2011: Report

Above: Kingston By the Caribbean Journal staff Jamaica’s “unsustainable public debt burden” continues to displace needed investments, preventing long-term growth, according to a new paper from the Center for Economic and Policy Research. In 2011, Jamaica had the highest debt […]

St Lucia Mulls Tax Reform

Above: St Lucia Governor General Dame Pearlette Louisy (Photo: GIS) By the Caribbean Journal staff St Lucia’s government is committed to ensuring greater tax equitability, and a better forecast of incoming government revenue, according to Governor General Dame Pearlette Louisy. […]

Jamaica Unveils Hydroelectric Plans, Considering “All Options” on Energy Costs

Above: Energy Minister Phillip Paulwell at NCU this week (JIS Photo) By the Caribbean Journal staff The high cost of energy is the biggest issue affecting Jamaica today, according to Energy Minister Phillip Paulwell. “On the matter of fuel, I […]

Interview with Francis Fonseca, Candidate for Prime Minister of Belize

By Alexander Britell BELIZEANS HEAD TO THE POLLS Wednesday to choose their next government — deciding between Prime Minister Dean Barrow’s ruling United Democratic Party and the Opposition People’s United Party, led by Francis Fonseca, which is looking to return […]

Turks and Caicos Proposes Changes to Civil Service Pension System

Above: TCI Governor Damian Roderic Todd on a visit to North and Middle Caicos this week (Photo: TCIG) By the Caribbean Journal staff Turks and Caicos Governor Damian Roderic Todd and the Advisory Council have agreed to a series of […]

Standard & Poor’s Lowers Credit Rating on Belize, Citing Politics

By the Caribbean Journal staff Standard & Poor’s has lowered its long-term foreign and local currency sovereign credit ratings on Belize to CCC+ from B-, with its outlook “stable.” The ratings firm pointed to an announcement by Prime Minister Dean […]

Op-Ed: Challenges Ahead for Jamaica

Above: Jamaica House By Garnett Ankle Op-Ed Contributor In Jamaica, whenever a new prime minister is inaugurated, it always gives me a sense of hope for the future of the island nation. The return to office of Portia Simpson Miller […]

How Caribbean Health Impacts Caribbean Economies: Interview with the World Bank

Above: the American University of Antigua School of Nursing By Alexander Britell Last month, the World Bank released a report about the way the growing problem of non-communicable diseases in the Caribbean is affecting the region’s economies. Chronic illnesses like […]

Interview with Jamaican Parliamentary Candidate Julian Jay Robinson

By Alexander Britell Julian Jay Robinson is the People’s National Party candidate for South East St Andrew in the upcoming Jamaican election. Robinson, currently the deputy general secretary of the PNP, studied management and economics at the University of the […]

Op-Ed: If Matters Go Wrong

By David P Rowe Op-Ed Contributor If matters go wrong in a free society, it is in the public interest that a free media exist to provide the public with information that the public has a right to know. This […]

St Kitts and Nevis Government Working on Debt Restructuring Plan

Above: Charlestown, Nevis (CJ Photo) The government of St Kitts and Nevis is in advanced discussions with the Caribbean Development Bank on a comprehensive debt restructuring exercise. The two sides are discussing a partial guarantee from the CDB that would […]

Standard & Poor’s Lowers Barbados Outlook, Warns of Rising Downgrade Risk

Above: Parliament in Barbados By Alexander Britell Ratings firm Standard & Poor’s affirmed its BBB-/A-3 local and foreign currency sovereign credit ratings on Barbados this week, but lowered its outlook from stable to negative. “We base our ratings on Barbados […]

Selwyn Ryan on CARICOM, Caribbean Crime and Trinidad’s State of Emergency

Above: Professor Selwyn Ryan (Photo: TGISL) By Alexander Britell University of the West Indies Professor Selwyn Ryan is one of the Caribbean’s most influential thinkers. Ryan, who earned his PhD in political science from Cornell University in 1966, has been […]

Dookeran: Trinidad Economy Stable

By the Caribbean Journal staff Trinidad Finance Minister Winston Dookeran said the country’s economy remains stable, despite Standard & Poor’s decision to lower the country’s long-term local currency sovereign credit rating. The new development, he said, was part of a […]

Op-Ed: OBMI’s Tim Peck on How to Improve the Caribbean Hotel Market

By Tim Peck Despite challenges the Caribbean has faced in the past few years, the future for the industry shows great potential. The prudent hotel owner should now be focusing on repositioning their property to preserve their asset and prepare […]

Cristina Savescu, World Bank Economist, on Caribbean Growth

By Alexander Britell Earlier this week, the World Bank released a report on growth prospects for Latin America and the Caribbean. That macro region had three distinct areas – Latin America itself, which is in the midst of an economic […]

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