Search Result for: fiscal year
266 results found.
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 […]
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 […]
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 […]
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 […]
What Jamaica Needs for Sustainable Growth
A recipe for sustainable expansion By Dennis Chung CJ Contributor The Planning Institute of Jamaica has reported good news that the economy is estimated to have grown by 1.5 per cent for the July to September 2015 quarter. Of note […]
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 […]
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 […]
Why Has Growth Been So Elusive for Jamaica?
Jamaica’s growth problem By Dennis Chung CJ Contributor SINCE the early 1970s, Jamaica has suffered from an anaemic growth rate of less than one per cent per annum. This despite many prescriptions and attempts by various governments, and promises by […]
Cayman’s Economy Up 1.4 Percent
Economy grows in early 2015 By Dana Niland CJ Contributor The Cayman Islands economy experienced a 1.4 percent growth in the first quarter, according to a report by the Economics and Statistics Office. A number of sectors contributed to the […]
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 […]
Why It’s Time for Jamaica’s Economic Independence
A new kind of independence? By Dennis Chung CJ Contributor ON August 6, 1962, Jamaica gained political independence, and many people watched the Jamaican flag raised while the Union Jack was lowered for the last time. This symbolised Jamaica’s new-found […]
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, […]
How Tourism Saves Jamaica
By David P Rowe Op-Ed Contributor During the recent Greek debt crisis, commentators have been referring to Jamaica as an example of another country with a huge debt burden. This is true — Jamaica’s gross public debt hovers higher than […]
Barbados Economy Showing Growth
After two slow years, signs of life By Dana Niland CJ contributor The International Monetary Fund (IMF) is projecting positive GDP growth for Barbados this year as a result of increased tourism arrivals and accelerated growth in key markets. After […]
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 […]
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 […]
Barbados Breaks Tourism Record
Above: Barbados (CJ Photo) By the Caribbean Journal staff Barbados tourism broke a 25-year record in the first quarter of 2015, according to the Barbados Tourism Marketing, Inc. The island received 171,471 stayover arrivals in the first quarter, a 15.1 […]
Why Jamaica Needs a Long-Term View
By Dennis Chung CJ Contributor Recently, I said to someone that one of the challenges Jamaica has as a country is that we are too focused on immediate gratification, and not on the long-term effects of our actions. As a consequence, […]
What Do Economic and Social Change Look Like in Jamaica?
By Dennis Chung CJ Contributor PERHAPS the question I get asked most frequently is about the economy and the prospects for it. One of the things I hate the most is when people engage you on the economy and ask […]
What Obama’s Visit Meant to Jamaica
By David Rowe Op-Ed Contributor What first came across from last week’s visit to Jamaica by United States President Barack Obama was the pride. Jamaica was proud to host what was the first visit to the country by a sitting […]
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 […]
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