Search Result for: wages

36 results found.

What Are Jamaica’s Options on Public-Sector Wages?

By Dennis Chung CJ Contributor ONCE again the public sector wage negotiation is the main topic of the day in Jamaica. This was also the case in 2004, when the first round of wage freezes was agreed. Then, just like […]

caribbean airlines kingston havana cover

Here’s How U.S. Law Applies To Any Company Doing Business In Cuba

By some estimates, when Cuba transitions to a market-oriented economy and resolves its various disputes with the U.S., the island nation will require more than $50 billion of investment to modernize its economy. Recent improvements in U.S.-Cuba relations have opened […]

Maximizing Jamaica’s Potential

AS I listened to the Planning Institute of Jamaica’s recent review of the Jamaican economy, I thought to myself that we have become a nation that is too used to mediocrity. The PIOJ estimated that the Jamaican economy grew by 0.9 […]

Why to Buy Jamaican

By Dennis Chung CJ Contributor As Jamaica pursues our eternal search for economic development, one focus has been on the need for us to purchase local goods and services in preference to imports. The reasoning behind this seems logical, as it […]

How Much Money Does the Cruise Industry Contribute to the Caribbean Economy?

Quantifying the impact of cruise tourism By the Caribbean Journal staff How much does cruise tourism impact the Caribbean economy? Something in the amount of $3.16 billion, according to Business Research and Economic Advisors, which launched its analysis of spending […]

The Caribbean’s Most Entrepreneurial Country

Tops region in index By the Caribbean Journal staff What’s the most entrepreneurial country in the Caribbean? It’s Jamaica, according to the Approved Index, which examined entrepreneurship in more than 100 countries using findings from the Global Entrepreneurship Monitor. Entrepreneurship […]

Jamaica’s Surplus Question

What’s the right target? By Dennis Chung CJ Contributor THE primary surplus on the fiscal accounts can be defined as what is left to service debt after the government considers its revenues and expenditure on running the country. So wages, […]

Cozumel to Host 2015 Florida-Caribbean Cruise Association Conference

Second time for the Mexican Caribbean destination By Dana Niland CJ Contributor The Florida-Caribbean Cruise Association Conference and Trade Show will take place this year in Cozumel for the second time, bringing with it the potential for a significant economic […]

Could the “Singapore Experience” Have Happened in Trinidad?

Above: Port of Spain (CJ Photo) By Paul Hay CJ Contributor Lee Kuan Yew, Singapore’s first Prime Minister, died on 23 March 2015; and on 29 March 2015, the Straits Times published an article titled “The Singapore That Lee Kuan […]

Where is Jamaica’s Private Sector?

By Dennis Chung CJ Contributor LAST year I sat on a panel to discuss the state of the economy. Someone in the audience correctly stated that much work was being done by the government to improve the business and economic […]

Jamaica’s Prospects in 2015

By Dennis Chung CJ Contributor AS we come to the end of 2014, it is traditional for us to think about what will happen in the New Year. Apart from tradition, however, the end of a year is always used […]

Jamaica’s Growing Crisis

By Dennis Chung CJ Contributor WHILE we debate the economic challenges facing Jamaica, there is an emerging crisis that many are not speaking of, but which we must address as a country. This is the health of our population, and […]

The Private Sector and Jamaica’s Growth

By Dennis Chung CJ Contributor THE recent Jamaica Observer report that 7,000 professionals have left Jamaica over the past few years has received much attention. We all know that teachers, nurses, engineers, accountants, and other professionals have been making the […]

Cayman Islands Names Minimum Wage Advisory Committee

Above: the Cayman Islands (Caribbean Journal photo) By the Caribbean Journal staff The Cayman Islands has announced the membership of its Minimum Wage Advisory Committee. In a statement, the government said the committee had begun its work to present recommendations […]

Trinidad “Way Behind” in Productivity

Above: Port of Spain (CJ Photo) By the Caribbean Journal staff Trinidad and Tobago is “way behind” in productivity, according to Labour Minister Errol McLeod. The Minister was speaking at the FairShare Exposition at the Centre of Excellence in Macoya […]

St Lucia Launches National Competitiveness and Productivity Council

Above: St Lucia By the Caribbean Journal staff St Lucia’s government has officially launched the new National Competitiveness and Productivity Council. St Lucia Prime Minister Dr Kenny Anthony, who was the featured speaker at the council’s inaugural meeting, said the […]

Haiti: US Shoe Company TOMS to Open New Factory in 2014

Above: an artist designs Haiti Artist Collective shoes By the Caribbean Journal staff California-based shoe company TOMS will be opening a manufacturing facility in Haiti by the first quarter of 2014. The news was revealed by TOMS Founder Blake Mycoskie […]

Op-Ed: World Bank President Jim Yong Kim on Opportunity in Latin America

By Jim Yong Kim Op-Ed Contributor LATIN AMERICA has had a good decade. Over the last 10 years, economic growth averaged 4.2 percent, and 70 million people escaped poverty. Macroeconomic stability, open trade policies and pro-business investment climates have supported […]

Op-Ed: What’s Wrong With Jamaica’s International Monetary Fund Deal

By Kent Gammon Op-Ed Contributor JAMAICA JOINED the International Monetary Fund (IMF) in 1963. At that time, Jamaica had positive international net reserves of US$115.8 million falling by 1976 to negative net international reserves of $435.5 million. In 1976, Jamaica […]

Durandis: The Closed Box in Haiti

By Ilio Durandis CJ Contributor SOMETIME IN THE 19TH CENTURY, in 1849 to be precise, long after Haiti’s independence from imperial France; there was an American slave, Henry “Box” Brown, who had himself mailed in a box to freedom. Henry […]

Op-Ed: Medical Tourism in the Caribbean

By J Frederick Emert Op-Ed Contributor ACCORDING TO the World Travel & Tourism Council (WTTC), in 2011, the total impact of the medical tourism industry contributed 9 percent of global GDP (over $6 trillion USD) and accounted for 255 million […]

Haiti and Education in the Digital Age

By Ilio Durandis CJ Contributor WE LIVE IN A CHANGING WORLD; one that is extremely competitive. The disparities between advanced nations and those lagging behind have never been wider at any point in human history than they are today. […]

Op-Ed: Trade Unions in Modern Jamaica

Above: Kingston By Kent Gammon Op-Ed Contributor The trade union movement’s early days in Jamaica The trade unions of Jamaica came into prominence in the workers’ riots of 1938. At that time the workers were protesting the level of […]

S&P Lowers Grenada Foreign Currency Ratings After Missed Bond Payment

Above: Grenada (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its foreign currency sovereign credit ratings on Grenada following a missed bond payment, the ratings firm announced Monday. S&P has lowered its foreign currency sovereign credit […]

Phillips: Jamaica and IMF Making Progress on Agreement

Above: Jamaica Finance Minister Dr Peter Phillips (FP) By the Caribbean Journal staff Jamaica and the International Monetary Fund are making progress on a long-awaited agreement between the two sides, according to Finance Minister Dr Peter Phillips. “We are at […]

Durandis: An Injustice in Haiti’s Caracol

By Ilio Durandis CJ Contributor Dr Martin Luther King, Jr, in his Letter from a Birmingham Jail, wrote that “injustice anywhere is a threat to justice everywhere.” These words were written in the context that one could not just sit […]

IMF: Grenada’s Economy Shows Signs of Fragile Recovery, But Risks Remain

Above: Downtown St George’s (CJ Photo) By the Caribbean Journal staff Grenada’s economy is showing signs that a “fragile recovery” may underway, although “significant” downside risks remain, according to the International Monetary Fund. An IMF mission visited Grenada form May […]

Jamaica’s Debt Interest Payments Were World’s Highest in 2011: Report

Above: Kingston By the Caribbean Journal staff Jamaica’s “unsustainable public debt burden” continues to displace needed investments, preventing long-term growth, according to a new paper from the Center for Economic and Policy Research. In 2011, Jamaica had the highest debt […]

Marriott Just Opened Its New All-Inclusive Concept in Cancun