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Jamaicans to know size of 2013/14 budget April 4

KINGSTON, Jamaica - Jamaicans will know what the Government intends to spend during the 2013/14 financial year on April 4, when Finance Minister Dr Peter Phillips tables the Estimates of Expenditure for that year in the House.
Tabling of the Estimates will follow the State Opening of Parliament, when Governor-General Sir Patrick Allen will deliver the Throne Speech outlining the Government's priorities for 2013/14.

IMF, World Bank not doing enough for debtor countries

KINGSTON, Jamaica - IN recent years, the small states of the Caribbean have experienced low rates of economic growth, with the last rapid growth spurt in the 1980s that was fuelled mainly by expansion of tourism, banana exports and public investments.
The slowdown that started in the 1990s was triggered by the loss of trade preferences for sugar and bananas, higher oil prices and deterioration of the terms of trade, causing reduced fiscal space. The effective buffer has been remittances which have grown steadily despite the economic downturn in the US.

Jamaica looking to further develop hydro power sector

sector KINGSTON, Jamaica, CMC – The Italian consulting firm, SP Studio Pietrangeli will undertake a J$109 million (US$ One Jamaica dollar = US$0.01 cents) feasibility study on five potential hydro power sites across the island.
The Ministry of Energy says it will partner with the Petroleum Corporation of Jamaica (PCJ) in undertaking the feasibility project being carried out as part of the Energy Security and Efficiency Enhancement Project, funded through a 2011 World Bank loan agreement. The feasibility work will end in August this year.

Ja must prepare for a major earthquake - US expert

KINGSTON, Jamaica - United States seismic expert Professor Eric Calais has called for Jamaicans to put in place long-term strategies to prepare for another major earthquake on the island.
An article published Monday by the Claims Journal website noted that based on the area's history and active seismic activity, the threat can become real.

PetroCaribe projects face unsure future

KINGSTON, Jamaica - With looming uncertainty over the PetroCaribe Energy Cooperation Agreement, following the death of Venezuelan President Hugo Chávez, there is concern that the future of the projects under the cash-rich PetroCaribe Development Fund (PDF) is also unsure.
With an asset base of $241.2 billion up to January 2013, the PDF was set up in 2006 to undertake a number of national projects.

Changes and youth in West Indies cricket welcome

welcome KINGSTON, Jamaica - CONGRATULATIONS to Jamaican Wycliffe "Dave" Cameron and Dominican Emmanuel Nanthan at being elected
to the ultra-important positions of President and vice president, respectively, West Indies Cricket Board. These are positive examples of youth not at all having been wasted on the young!

Where’s Jamaica’s Gorbachev?

? KINGSTON, Jamaica - The former USSR was a politically aligned collection of previously independent states that did little more than serve the egotistic, power-hungry needs of leaders such as Josef Stalin, Nikita Khrushchev and Leonid Brezhnev, while countering the superpower status of the United States (US).
During the Cold War, the two superpowers attempted to divide the world into one camp or another. This spilled over into sports, as the US led a boycott of the 1980 Moscow Olympics, to which the USSR retaliated four years later in Los Angeles.

All the best, Mr Cameron

Cameron KINGSTON, Jamaica - Mr Whycliffe 'Dave' Cameron takes the president's chair at the West Indies Cricket Board (WICB) at a most interesting time in the game's development across the region.
The recent successes of the senior men's and women's teams have heightened expectations of better days ahead for the game. Those expectations will no doubt carry over into how the game's affairs are run by the regional governing body.

Trust deficit: Gov’t, IMF and Haiti

KINGSTON, Jamaica - Call me Thomas if you wish, but on this Easter Sunday, what is being resurrected for me is a deep distrust for those who are elected and appointed to govern us.
Despite being full of 'knowledge' based on blind faith that Jesus is coming again as a thief in the night, I am worried that he might arrive before the agreement with the International Monetary Fund (IMF) is reached. After all, there have been many announcements which lulled us into a false sense of hope.

It wasn’t me! - Security minister confirms robbery of friends at villa

KINGSTON, Jamaica - SECURITY Minister Peter Bunting yesterday attempted to allay fears that he was among a group of persons robbed at a villa in Portland on Saturday night.
At least one online news outlet reported that Bunting and a female companion were held up and robbed by thieves who brandished knives at them.