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Written by Kamal
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The Jamaican central bank, the Bank of Jamaica (BOJ), has sent a further signal for interest rates to trend downwards.
Effective February 23, 2011 the BOJ announced a reduction of 50 basis points on signal 30-day Certificates of Deposit taking rates on such instruments to 6.75 percent.
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Written by Kamal
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 Royal Caribbean’s cruise-liner, Voyager of the Seas, created history
on February 17, 2011 becoming the first cruise-ship to dock at the
Port of Falmouth on Jamaica’s north coast.
Click image to play video.
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Written by Kamal
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 Jamaica’s Assistant Chief Tertiary Education Officer, Mr. Philbert Dhyll, calls on students and educational institutions that are looking to source additional funds, to invest in their own education and to seek other income-generating activities. The Ministry of Education, which is a major partner in the initiative, gave their endorsement at the launch of COK’s low-cost S.C.H.O.L.A.R. education product on February 9, 2011.
Click image to play video.
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Written by Owen James
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 Jamaica has successfully placed a $400 Million U.S. dollar Eurobond at an interest rate of 7.95 percent.
The Jamaican Finance Ministry says this is the lowest rate at which Jamaica has ever raised funds on the International Capital Market and Finance Minister Audley Shaw described it as an, "unmistakable endorsement of the direction Jamaica is taking."
The succesful placement comes just in time to replace a maturing bond of similar value in May this year.
Lead brokers, Deutsche Bank and BNP Paribas Securities says that the issue was over-subscribed by two hundred percent with more than a billion dollars in orders from several institutional investors in the United States, Europe, Latin America and the Caribbean region.
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Written by Kamal
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 Jamaica’s strong trade and diplomatic ties with China have not in any way impaired its strong traditional ties with the United States, says Jamaican foreign Minister Dr. Ken Baugh in an interview on February 9, 2011.
Click image to play video.
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