Historic! Oil found in Trelawny parish (Photos)

Date:  Categories: in Development, Economy   Comments: 0

CGG GeoConsulting and the Petroleum Corporation of Jamaica (PCJ) have announced an oil find in Trelawny parish. The oil was not found through deep digging, but the “black gold” actually seeped to the surface. The historic oil seeps are believed to be the first geological discovery of live oil flowing onshore Jamaica. Petroleum Corporation of...

Government announces 60-day amnesty for delinquent motorists

Date:  Categories: in Economy   Comments: 0

Amnesty for Jamaican Motorists Jamaican motorists are once again being given a free ride as the Government of Jamaica has announced an amnesty for motorists with outstanding fees for traffic offences. Flawed System Unfortunately, this shows up a flawed system. The system starts with Police who issue tickets for offences. Some fines are payable at the tax...

Jamaica’s Economic Growth Surges: Best Performance over a Single Quarter in 14 years

Date:  Categories: in Economy   Comments: 0

Riding on the back of a 28.8% growth in Agriculture, the Jamaican economy grew by 2.3% in the July to September quarter. This is the strongest performance in any single quarter since 2002. What made the achievement even more laudable is that the growth was achieved amidst a high murder rate and a continuously sliding...

Finance Minister Announces Implementation of $1.5 million Tax Plan

Date:  Categories: in Economy   Comments: 0

Finance Minister Audley Shaw, a short time ago, announced the implementation of the long awaited $1.5 million tax plan. Mr Shaw was making his budget presentation for this fiscal year. The plan was the centerpiece of the JLP’s manifesto in the recent General Elections held on February 25, 2016. There was uncertainty as to whether...

Karl Samuda: Repairs Underway at Long Pond Sugar Factory in Clark’s Town, Trelawny

Date:  Categories: in Economy, Farming, Uncategorized   Comments: 0

According to Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda, repairs are underway at the Long Pond Sugar Factory in Trelawny. The government recently announced that it will be temporarily taking over operations at the Clark’s Town based sugar factory. Everglade Farms, the private operators of the factory, had suspended operations at the factory...

Long Pond Sugar Factory May Be Closed For Upcoming Crop Starting in December

Date:  Categories: in Economy, Farming   Comments: 0

Trelawny and more specifically, Clark’s Town, could be in trouble if the Hussey family decides to close the Long Pond Sugar factory for the 2015-2016 crop,  which begins in December. They Husseys are contemplating whether or not to close the factory for this crop season. The Long Pond factory, located in Clark’s Town, employs over...

Teachers Accept Government’s Wage Deal

Date:  Categories: in Economy, Education   Comments: 0

The government is slowly removing the stumbling blocks in its wage negotiations as today, the island’s public school teachers (through the JTA) accepted the government’s wage offer. This comes exactly one week after the government made a major breakthrough when it signed an agreement with 8 of the 11 bodies represented by the Jamaica Confederation...

Wage Deal – Trade Unions finally give in to Government Offer

Date:  Categories: in Economy   Comments: 0

Trade Unions Finally Give In After 7 months of rejection, the trade unions finally accepted the government’s wage deal yesterday. 8 of the 11 trade unions under the Jamaica Confederation of Trade Unions (JCTU), signed a Heads of Agreement at Jamaica House yesterday. The mission of the government is still not complete. There still are...

Jamaica 1 of 7 Countries Near Bankruptcy – USA Today

Date:  Categories: in Economy   Comments: 0

A high debt burden coupled with little or no growth continues to stifle Jamaica. The news is that USA Today has placed Jamaica number 5 on the list of 7 countries near bankruptcy in an article published today. Finance Minister Dr Peter Phillips is very upbeat about the current state of the Jamaican Economy, but...