economy

Why Tourism Matters in the Caribbean

 And why it needs more prominence By Hugh Riley The emergence of the travel and tourism sector in the Caribbean coincided with a move away from complete reliance on agriculture as the primary money earner. The decline of bananas, sugar, …

Jamaica’s Growth Outlook Is Improving

 Positive signs for Jamaican economy By the Caribbean Journal staff Jamaica’s economy is showing some positive signs, according to the International Monetary Fund, which recently concluded a mission to the country. “A gradual economic recovery is underway.” said IMF Mission …

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, …

LATEST NEWS

 Above: Guadeloupe (CJ Photo) By the Caribbean Journal staff AirBnb recently made a high-profile move into Cuba, but the shared-economy travel giant has actually maintained a large presence in the Caribbean for some time. But what are the company’s largest …

 Above: Port of Spain (CJ Photo) By Paul HayCJ 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 Yew …

 By Dennis ChungCJ Contributor ONE of the things I encourage my staff to do is feel free to be critical of me as CEO of the Private Sector Organisation of Jamaica (PSOJ), which leads to having an environment where we …

 By Paul HayCJ Contributor “With the widening of the Panama Canal and construction of a second canal in Nicaragua, a significant increase in trade and investment can be expected in the Caribbean Basin. So, improving competitiveness of local firms is …

 By Dennis ChungCJ 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 landscape, …

 By Deodat MaharajOp-Ed Contributor CARIBBEAN COUNTRIES face a variety of serious economic challenges which act as major impediments to their growth and development. The continued reliance on one major export product with associated vulnerability to economic shocks as well as natural …

 Above: San Juan (CJ Photo) By the Caribbean Journal staff Puerto Rico set a new single-day record for cruise visitors on Wednesday, according to the Puerto Rico Tourism Company. A total of six ships and 17,847 passengers arrived to the …

 Above: Aruba By the Caribbean Journal staff Aruba’s economy is “recovering gradually” from a “severe double-dip recession,” according to the International Monetary Fund, which recently concluded its 2015 Article IV Mission to the Dutch Caribbean island. The recession was recovered …

 By Ryan PetersonCJ Contributor Finance and governance. Economy and energy. Tell me it ain’t about the money. Tourism and environmentalism. Productivity and community. Tell me it ain’t about technology. Education and innovation. Nation and next generation. Tell me it ain’t …

 Above: New York State Governor Andrew Cuomo with Dominican President Danilo Medina in Santo Domingo (Photo: OPDR) By the Caribbean Journal staff New York State Governor Andrew Cuomo met Friday with Dominican Republic President Danilo Medina as part of a …

 By Gerard Best CJ Contributor The recent establishment of an Internet exchange point (IXP) in Trinidad and Tobago is a necessary step in strengthening the country’s local Internet economy. But it is not enough, says Bevil Wooding, Internet Strategist with …

 Above: Haiti Prime Minister Laurent Lamothe (Photo: OPM Haiti) By Alexander Britell It’s been a period of change for Haiti in the nearly five years since the devastating earthquake in 2010. A country prone to often significant change has continued …

 Above: (left) Bank of Jamaica Governor Brian Wynter (JIS Photo) By the Caribbean Journal staff Real economic activity in Jamaica grew expanded by between 1 and 2 percent in the second quarter, according to a new report from the Bank …

 Above: Kingston (CJ Photo) By the Caribbean Journal staff A team from the International Monetary Fund was set to begin a visit to Jamaica on Wednesday to conduct the fifth review of Jamaica’s performance under the Extended Fund Facility.” The …

 Above: the Divi Flamingo Beach Resort in Bonaire By the Caribbean Journal staff The Divi Flamingo Beach Resort in Bonaire will undergo a multimillion-dollar renovation project beginning in September, the property announced. Renovations of the 129-room resort will include upgrades …