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Sat, 31 July 2010

The Economy
Jamaica turns down debt relief offer Print
Written by Owen James   
audley_shaw.jpgMindful of the possible negative impact on Jamaica's credit rating, the Jamaican government has turned down a private-sector led initiative aimed at relieving the government of its short-term debt service costs.


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Negative GDP growth for Jamaica Print
Written by Owen James   
negative_gdpgrowth_for_jamaica_tn.jpg Amid signs of only slow improvement in the global economy, Director General of the Planning Institute of Jamaica, Dr. Wesley is projecting negative growth in the Jamaican economy over the medium term.

 
Jamaica's central bank raps S&P rating Print
Written by Owen James   
jamaicas_central_bank_raps_sp_rating_tn.jpg

Bank of Jamaica Governor Derick Latibeaudiere has  criticised as unwarranted, Standard and Poor’s downgrade of Jamaica’s credit rating from B to triple C-Plus, citing the fact that the island has never reneged on its debt and does not intend to.

 


 
PSOJ offers P.M. strong support Print
Written by Owen James   
psoj_offers_p_tn.jpg Jamaica's top private sector leaders have offered to partner with the Jamaican government to help alleviate a deepening financial crisis.
 
Why S&P punished Jamaica Print
Written by Owen James   
why_sp_punished_jamaica_tn.jpg 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.
 
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BPM unveils 'Personal Pension'

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BPM Financial launched its IRA dubbed 'Personal Pension' on July 13, 2010. It was a natural fit for a company which has been in the retirement-planning business for over fifteen years.


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Usain Bolt's retirement strategy.

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Don’t panic, the world’s fastest man Usain Bolt isn’t retiring anytime soon!
However he’s prudently making serious plans for life after athlet [ ... ]


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Smart Investment Options

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Janice Robinson-Longmore, Vice-President - Funds Administration at First Global Financial Services discusses the best investment options at this time.


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