KINGSTON, Jamaica, Gleaner - Visitor arrivals by air and sea hit a record 3.3 million in 2012, up 7.4 per cent year-on-year, according to newly released tourism data. Arrivals in 2011 amounted to 3.07 million. Tourist visits also hit the three million mark in 2006. The bulk of last year's increase came from cruise passenger growth, up 17 per cent, mainly due to the newest port in Trelawny, the Falmouth Cruise Pier, built over a year ago. Total visitors by sea amounted to 1.34 million.
Jamaica
KINGSTON, Jamaica, Observer - THE Opposition Jamaica Labour Party (JLP) has chided the International Monetary Fund (IMF) for supporting what it described as the Government's 'scandalous raid' on the National Housing Trust (NHT) for $11 billion annually to fund the country's debt, as one of several new revenue measures announced in Parliament earlier this week. In the meantime, the Opposition said its legal team would be examining the legality of the decision to pull money from the NHT as well as that of some of the other recently announced tax measures.
KINGSTON, Jamaica, Gleaner - STAKEHOLDERS IN western Jamaica say Government must now provide the nation with a comprehensive growth package to complement the measures announced by Prime Minister Portia Simpson and her finance minister, Dr Peter Phillips, earlier this week.
KINGSTON, Jamaica, Gleaner - AMID THE hue and cry from sections of the society in response to a $16-billion tax package passed by Parliament this week, Finance Minister Dr Peter Phillips has urged Jamaicans to be guided by the country's economic reality as well as the global financial climate. "I think it important and I plead for the country and all the stakeholders to have a realistic understanding of the kind of world within which we operate," Phillips said.
(Jamaica Gleaner) Investment promotions agency, JAMPRO, has announced the signing of a memorandum of understanding with American Global MD (AGMD) for the country’s first ‘five-star’ medical tourism facility valued at US$170 million. John Marcocchio, the local project manager and director of Implementation Limited, said Thursday that the project is likely to break ground in 12 to 18 months after design is completed and construction approvals have been received.
KINGSTON, Jamaica, CMC- Following Tuesday’s announcement of a J$15.9 billion (One Jamaica dollar = US$0.01 cents) tax package, Finance Minister, Dr. Peter Phillips has stated that the additional tax package should not have come as a surprise as several signals had already been given. Phillips, was responding to those who have taken him to task over the timing of the announcement and for not holding consultations.
KINGSTON, Jamaica, Gleaner - This newspaper endorses the suggestion by the Caribbean Tourism Organisation (CTO) that Caribbean Community (CARICOM) member states introduce a visa regime similar to the Schengen visa of some European Union members. The system would allow seamless travel by visitors across the Community after clearing immigration/customs at their initial port of entry. Such a system was in place for the 2007 Cricket World Cup, but lapsed thereafter.
KINGSTON Jamaica, Observer - COFFEE and tea products maker Salada Foods is eyeing Africa. "We are looking at the African market as another area of potential growth for us," said Julian Rodney, Salada's general manager. "Salada has no presence there." With a particular focus on West Africa, Rodney reckons that the similarity in taste profile to Jamaicans makes the market attractive.
KINGSTON, Jamaica, Observer - WE have a sense that the Government's version of JDX, being called the National Debt Exchange Offer, is a smart way to squeeze $17 billion annually out of the system, without sending the nation into panic. We will return to this tomorrow in this space. But at the same, we also have the sense that Monday night's national broadcast by Prime Minister Portia Simpson Miller and Finance Minister Dr Peter Phillips, which announced the JDX 2, has to be followed soon by a deeper effort to mobilise the nation around resolving our debt issue and raising revenues.
KINGSTON, Jamaica, Observer - It was not a happy group inside the Bank of Jamaica Auditorium in Kingston yesterday morning as Prime Minister Portia Simpson Miller and Minister of Finance and Planning Dr Peter Phillips hosted the launch of the National Debt Exchange (NDX). The second of its kind in three years, Simpson Miller has indicated that the offer is a critical component of both the anticipated International Monetary Fund (IMF) agreement and the country's debt-reduction programme.