NEW YORK, CMC - Fitch Ratings has upgraded Jamaica’s economic outlook from negative to stable and also affirmed the island’s long-term foreign and local currency Issuer Default Ratings (IDRs).
“Jamaica's ratings balance the sovereign's structural strengths, such as relatively high income per capita and social indicators, policy consensus and relatively strong institutional capacity against continued growth underperformance, high vulnerability to external and confidence shocks, weak public finances and fiscal solvency indicators.
News
PORT OF SPAIN, Trinidad - Minister of Tourism Stephen Cadiz is in the Bahamas for the Caribbean Travel Marketplace and to convene with the Caribbean Tourism Organisation (CTO) Aviation Committee and discuss opportunities for increase of airlift to the region.
The minister, upon landing at the Lyndon Pindling International Airport, headed directly to a meeting of the Council of Tourism Ministers and Commissioners of the Caribbean Tourism Organisation at the Atlantis Paradise Island Resort.
PORT OF SPAIN, Trinidad - Trinidad Cement Ltd (TCL) cannot just keep raising prices every year, ANSA McAL's chief operating officer Gerry Brooks has said.
Brooks told reporters on Friday at the ANSA Coatings Award ceremony, Hyatt Regency (Trinidad) hotel, Port of Spain that what the company needs is a restructuring plan with a clear business plan.
Brooks said the company needs to tackle two of its most pressing problems_ debt and material cost.
KINGSTON, Jamaica- Bahamas Prime Minister Perry Christie has issued a warning that there is no bigger threat to the future viability of tourism in the region than crime.
Addressing delegates at the opening ceremony of the Caribbean Travel Marketplace at the Atlantis on Paradise Island in The Bahamas, Christie took time out to speak on the escalation in criminal violence, robbery and theft within the respective jurisdictions of the region.
NASSAU, Bahamas, CMC – Regional tourism officials are calling on Caribbean heads of government to convene a regional summit on tourism within the next six months to discuss key issues affecting the industry.
PORT OF SPAIN, Trinidad, CMC – The Trinidad and Tobago government Monday described as “ironic” the inauguration of President Barack Obama on the day the United States observe a public holiday marking the birthday of slain civil rights leader, Martin Luther King.
KINGSTON, Jamaica - The next four years are being touted as the "grand legacy phase" for United States (US) President Barack Obama and some influential Jamaicans in the diaspora are suggesting that the signposts already erected by the country's 44th commander-in-chief augur well for their countrymen living in America.
As Obama prepared to deliver his second inaugural address, one expert predicted immigration reform that is likely to favour Jamaicans could be a reality within the next 18 months.
BRIDGETOWN, Barbados - BOTH THE President of Haiti Michel Martelly, and Assistant Secretary General of the Organization of American States (OAS), Albert Ramdin, have separately lamented the continuing defaults in aid pledges for the reconstruction of earthquake devastated Haiti.
KINGSTON, Jamaica - HEAD OF the Economics Division at the University of Technology (UTech), Sharon Nelson, says United States President Barack Obama's feverish push for positive economic growth in his second term in office could provide a glimmer of hope for Caribbean economies.
Nelson reasoned that as president of the world's largest economy, Obama's policies are designed to improve the lives of United States (US) citizens.
Havana, (Prensa Latina) The Foreign Ministers of Cuba and Venezuela, Bruno Rodriguez and Elias Jaua, respectively, agreed on the urge to consolidate the Community of Latin American and Caribbean Countries (CELAC) as space of regional sovereignty.
At a meeting in this capital, they noted the relevance of the 33-member bloc as key mechanism for Latin American and Caribbean integration in the advent of the Jan 27-28 Summit in Santiago de Chile where Cuba is to assume as rotating President of the organization born late in 2011 in Caracas.