A voluntary initiative by private sector financial interests to exchange higher yielding government debt instruments, for lower-yielding, but longer tenure instruments, to help the ailing Jamaican economy, may have backfired with the rating agency S&P interpreting this as a "distressed debt" call.
Both Jamaica’s Finance Minister and the
Jamaica Securities Dealers Association have slammed credit rating agency
Standard and Poors for its downgrade of the island’s long-term credit rating
from B- to triple C Plus.
Jamaican Prime Minister Bruce Golding has
assured young people attending the inaugural “Future Leaders Jamaican Diaspora
Conference” in Kingston
that the impending IMF agreement will not erase social gains made over many
decades.
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.