2 Views 1 Jamaica – Which is the real one?

Jamaica’s fall to the bottom as the world’s worst macroeconomy occurred during a period when the country is experiencing 30-year low interest rates, and has the lowest inflation rate in 20 years. It also happened in the midst of the largest drop in the murder rate in 20 years.

Which one are you working with?

Published

13 years ago

September 9, 2011

BusinesSuiteOnline

VIEW ONE

“Many of the top business persons that I have spoken to, now tell me that the environment for doing business in Jamaica has never been better,” Dr Gladstone Hutchinson, Director General of the Planning Institute of Jamaica (PIOJ), told a two-day Public Sector Monitoring Committee seminar on Tuesday . “They say this is the best macro-economic environment they have had to do business in. So now, I challenge them to go and do business.”

“But, they must now be asked to go one step further, and recognise that the Government’s trough is empty. No more waivers and fiscal incentives are sitting at the bottom of the trough for them to go drinking at. They must now start seizing the opportunities for new investments and entrepreneurism, from the lower interest rates and the incredible business environment that exists,” he said.

VIEW TWO

Jamaica scored its lowest ever global competitiveness ranking, slipping 12 spots to 107 at the same time it attained the dubious title as the world’s worst macroeconomy, according to the annual competitiveness index released Wednesday by the World Economic Forum (WEF).

The world’s most competitive countries are Switzerland, Sinagpore, Sweden, Finland, United States and Germany, according to the Global Competitiveness Report 2011-12.

The US also fell one place in the rankings to No. 5 due to its untamed deficit of US$1.3 trillion and declining faith in government.

Jamaica, which ranked 67th in the world in 2006-07, has nose-dived to 107 among 142 countries. Jamaica’s rank, however, remains the fourth highest in the Caribbean with Guyana at 109, Dominican Republic at 101 and Haiti at 141.

Which one are you working with?

John Mahfood “I Listed on the JSE to Raise Capital for My Business”

Published

8 years ago

November 24, 2016

Managing Editor

JSE Online Trading Platform

Published

8 years ago

November 24, 2016

Managing Editor

Grace Stockholders To Vote On 3-for-1 Stock Split Today

Published

9 years ago

July 11, 2016

BusinesSuiteOnline

Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

UK Loses S&P Triple A Rating

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.