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Jamaica once couldn’t pay its light bill

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  • #1

    Jamaica once couldn’t pay its light bill

    Now its economy is welcoming Porsche and BMW.

    KINGSTON
    Just seven years ago, Jamaica was an economic basket case. The government was bleeding so much red ink it couldn’t fix potholes or keep streetlights on as it faced a staggering $20 billion debt in 2013.

    Today the nation of 2.8 million is the economic-turnaround story of the Caribbean. Among the tough belt-tightening decisions that got it here: improving tax and customs collection; speeding up construction permits and business registrations; imposing a three-year freeze on public sector wages, privatizing its main airport and seaport, and restructuring billions of dollars in domestic debt.

    “What we’ve seen over the last five, six, seven years are things that nobody thought you could tackle,” said Brian Wynter, outgoing governor of the Bank of Jamaica, the country’s central bank. “Not just the world is looking at it, but Jamaicans are looking at that.”

    Read more here: https://www.miamiherald.com/news/nat...#storylink=cpy
    Hey .. look at the bright side .... at least you're not a Liverpool fan! - Lazie 2/24/10 Paul Marin -19 is one thing, 20 is a whole other matter. It gets even worse if they win the UCL. *groan*. 05/18/2011.MU fans naah cough, but all a unuh a vomit?-Lazie 1/11/2015
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  • #2
    thanks anju...thanks nigel...remember when the $1.5 mil tax plan was going to wreck the economy? remember when peter phillips was going to close down the junior stock exchange? everybody just keep calm & watch how you build a prosperous economy



    Last edited by Bricktop; June 16, 2019, 09:27 AM.

    Comment

    • #3
      https://en.wikipedia.org/wiki/Nigel_A._L._Clarke


      Clarke is married and has two children. Clarke attended St. Richards Primary School in Kingston and graduated from Munro College in St. Elizabeth Jamaica where he was awarded the Jamaica Independent Scholarship, for study at the University of the West Indies. He graduated from the University of the West Indies with a degree in Mathematics and Computer Science where he received First Class Honours and won the prize for the best degree with the highest marks among students in the Faculty of Natural Sciences across all campuses of UWI in Jamaica, Trinidad and Barbados. He was awarded the Commonwealth Scholarship to attend Linacre College, Oxford University where he earned an M.Sc. in Applied Statistics. In his thesis he examined volatility on the Jamaica Stock Exchange. He subsequently won the Rhodes Scholarship and earned a Doctor of Philosophy degree in Mathematics (Numerical Analysis) from Oxford University (also at Linacre College).[9]
      THERE IS ONLY ONE ONANDI LOWE!

      "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


      "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

      Comment

      • #4
        The PNP was going to shut the junior stock market down.
        Luckily they never got the chance.
        That was a bone skull move, now they are singing it praise and the other countries in the region is now looking at it.

        Phillips and PNP did a decent job but they need to open their mind and come up with polices that will improve people's life.
        • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

        Comment

        • #5
          Policies are building blocks of other policies,the JLP has built on the PNP infrastructural policies post recession or with a booming world economy at their backs.

          Kudos to them,I liked how they drew for Lee chin and this young guy Clarke,refreshing.

          Let's hope whoever's gets elected keep the same visions in place and build on those policies of infrastructure and business.
          Last edited by Sir X; June 16, 2019, 02:58 PM.
          THERE IS ONLY ONE ONANDI LOWE!

          "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


          "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

          Comment

          • #6
            There are so many little things the PNP could do even in tough times. They were good accountants but had no imagination.

            An example is 1.5. Another is the Junior stock market. Another is to sell the share of Wington (SP). Building St.Thomas town centre which is about to start. Port Royal cruise shipping, housing for tourism workers and upgrade "big yards"

            PNP have to sit down and think what they can do within the fiscal space to improve lives.
            • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

            Comment

            • #7
              Like the JLP could have done when the JLP got voted out after 1 term post recession i.e tough time with Audley Shaw as minister of finance andHolness as P.M.

              Look yuh live and learn,Anju/JLP has learnt,still has alot more to do.
              THERE IS ONLY ONE ONANDI LOWE!

              "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


              "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

              Comment

              • #8
                they did some massive changes then. Remember how much interest rate was?

                they bought about the Junior stock exchange and JDX which Peter did JDX 2 or NDX which was a game changer. The current JLP definitely ahead of the current PNP in innovative solutions.

                2007-2011 was in the heart of the recession, not post.
                • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

                Comment

                • #9
                  Best move he made was turning it over to Clarke and Lee Chin.Thats it .Everything else is cosmetic.
                  THERE IS ONLY ONE ONANDI LOWE!

                  "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


                  "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

                  Comment

                  • #10
                    Lee Chin is just a consultant, nothing turned over to him.

                    It is smart to get him, Aubyrn Hill, DK brother from JMMB, Butch other involved.

                    Young Clark is really smart and independent like his uncle who was also finance minister Claude Clark.
                    • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

                    Comment

                    • #11
                      As mi say is good dem tun it ova to him.We can disagree as to what tun ova means, an mi nuh inna nuh granular semantics of nit picking,yuh can gwaan waste yuh time and penny dat.
                      THERE IS ONLY ONE ONANDI LOWE!

                      "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


                      "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

                      Comment

                      • #12
                        turn it over means he is running the government.
                        No two way about that. You have any proof of that?
                        • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

                        Comment

                        • #13
                          As mi say is good dem tun it ova to him.We can disagree as to what tun ova means, an mi nuh inna nuh granular semantics of nit picking,yuh can gwaan waste yuh time and penny dat.
                          THERE IS ONLY ONE ONANDI LOWE!

                          "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


                          "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

                          Comment

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