Prime Minister Bruce Golding has emphasized that if Jamaica is to extricate itself from the impact of the global recession interest rates have to be lowered but not by fiat.
In 2009 when telecoms
Digicel announced plans to build its
headquarters in downtown Kingston, which has been
deserted by many business interests, it received acknowledgement and support
from the Jamaican government which had announced ambitious plans for the
rehabilitation of downtown Kingston.
Digicel’s CEO Mark Linehan
says the company hopes to break ground for its headquarters in the first
quarter of 2010.
Given the recent strong signals from the Government as it
regards lower interest rates, I asked President of the PSOJ, Joseph Matalon what
a concerted voluntary reduction in interest rates by the financial sector would
mean for the business sector and indeed the average Jamaican.
As Jamaica reels under the impact of a global recession, a ballooning fiscal deficit and a gap in the current budget, Finance Minister, Audley Shaw on Thursday December 17, 2009 announced five new revenue enhancement measures, aimed at yielding twenty-two billion Jamaican dollars or about two hundred and forty-four million U.S. dollars.
In this recessionary period, consumers have to become savvier in terms of budgeting and even the type of appliances they purchase. Owen James visited the 42 year old, Jamaican owned service company, [ ... ]
Undoubtedly there are various costs associated with
death. However, few know that death taxes fall in that category. Estate Planning
Consultant, Denise Henry James, elaborates on the type and amoun [ ... ]
Managing Director Prime Asset Management Limited, Rezworth
Burchenson, takes time out to review the benefits of having an Individual
Retirement Account.