Jamaica trying to become animation industry hub 0

jamaicaReposted from Jamaica Observer

JAMAICA is trying to position itself as the next hub of global animation, a growing industry that generated more than US$100 billion last year.

Officials hope that the international animation industry can create thousands of jobs for young artists in Jamaica, where good jobs have long been scarce.

On Thursday, a conference on animation drew dozens of Jamaican hopefuls and industry leaders such as Bento Box, a California-based company and leading animation producer for broadcast and cable networks. More…

Jamaica – the hub of innovation and entrepreneurship in the Caribbean? 0

jamaicaReposted from The Gleaner
By Sandra Glasgow, Contributor

A 12-person delegation, headed by Julian Robinson, minister of state in the Ministry of Science, Technology, Energy and Mining, has just returned from a four-day visit to Santiago, Chile, to see first-hand how that country is developing a robust ecosystem for entrepreneurship and innovation. More…

Jamaica basking in IMF’s sun 0

jamaicaReposted from DW.DE

The International Monetary Fund has granted Jamaica a much-needed economic lifeline. In return, the island – one of the most indebted countries in the world – needs to get a grip on its rampant public spending.

Inside a Cambio (currency exchange – the ed.), as the customers wait in line, the talk quickly turns to the exchange rate. In a country where many depend on remittances sent by family from the US, Canada and the UK the country’s sliding dollar is a worry. “It’ll soon be J$100 to $1US, watch my words,” says an old man; a woman interrupts to add that it won’t stop there, as everyone looks at the board showing the exchange rate. More…

New power generating capacity project to start this year 0

jamaicaReposted from go-jamaica.com

Energy Minister Phillip Paulwell announced today that construction of facilities for new electricity generating capacity for Jamaica will begin this year.

Addressing the issue of the high cost of electricity in Parliament this afternoon, Paulwell said that following a failed bid process, the Office of Utilities Regulation (OUR) had received unsolicited proposals for 14 discrete projects from five entities.

Those, he said, have been evaluated for firmness of the proposals, overall price and impact on retail prices, timeliness of implementation and overall feasibility. More…

World Bank mission heads to Jamaica next month 0

jamaicaReposted from GoJamaica.com

Finance Minister Dr Peter Phillips says a World Bank mission is expected in Jamaica in May to continue work on the new Country Partnership Strategy.

The initiative will provide support for the Government’s efforts to increase economic growth, create jobs and fight poverty.

Speaking with the Jamaica Information Service in Washington, Phillip said consultations have already started on a new programme for Jamaica, which will be launched later this year. More…

Jamaica’s decades of debt are damaging its future 0

jamaicaReposted from The Guardian
The latest IMF loan does not ‘rescue’ Jamaica, whose debt must be written off if its people are to take control of their economy

Many people in Jamaica would have trembled as they read the financial press last week, telling them that their country is, again, due to be “rescued” by a loan package put together by the International Monetary Fund (IMF). More…

US$2.4 Billion Provided Under Petrocaribe 0

jamaicaReposted from Jamaica Information Services
By Douglas McIntosh, JIS Reporter

Jamaica has received US$2.4 billion in funding support from Venezuela under the PetroCaribe agreement, since the facility’s establishment in 2005.

Chief Executive Officer of the PetroCaribe Development Fund (PDF), which administers the facility in Jamaica, Dr. Wesley Hughes, says the funds, allocated between July 2005 and January 2013, have financed projects, spearheaded at the community and national levels.

Speaking at the Jamaica Social Investment Fund’s (JSIF) Sanitation in Schools project ceremony at the Milk River Primary School, Clarendon, recently, Dr. Hughes said chief among these are two major sanitation projects for which over $200 million was allocated. Both undertakings were facilitated under a Memorandum of Understanding (MoU), signed in 2011, between the PDF and JSIF.

One of the developments was phase one of JSIF’s Sanitation in Schools Project, which entailed upgrading of facilities at 26 all age and primary schools in 11 parishes at a cost of $177.6 million.

Some 3,287 students are currently benefitting from the improved facilities, which include: new sanitation blocks equipped with septic tanks; toilets; urinals; and ramps to facilitate access by physically challenged persons. These facilities replaced pit latrines which previously existed at the schools.

The other development is construction of 100 communal sanitary conveniences and showers in several inner city communities in Kingston and St. Andrew, at a cost of $100 million. These include: Denham Town, Tivoli Gardens, Hannah Town, Jones Town, Rose Town, and several communities in Central Kingston.

Dr. Hughes explained that the partnership between the PDF and JSIF aims to foster employment creation; facilitate opportunities for training and educational development; promote rural development and entrepreneurship; build capacity for micro and small enterprises, as well as institutions catering to communities deemed marginalised.

“It’s a very wide-ranging memorandum, and we intend to maintain our relationship (with JSIF) as long as we have funding to be spent at the community level. Providing significant social and physical infrastructure, stimulating growth and supporting the development of human capital is the heart and soul of our collaboration with JSIF and other institutions, in building capacity in the country, utilising the resources of the PetroCaribe Fund,” he stated.

He added that “in partnership, we have been able to combine our resources to better achieve development goals for the country.”

Dr. Hughes told JIS News that the PDF’s management is currently reviewing the organisation’s budget for the 2013/14 fiscal year, to determine the projects which can be facilitated during the period.

He pointed out that the US$2.4 billion is a loan allocation spanning 25 years at one per cent per annum, with a two-year grace period. He described it as a “significant amount of assistance” to Jamaica by the Venezuelan Government, and late President, Hugo Chavez, in particular, to whom he said Jamaica owes a debt of gratitude.

“The late President was a visionary behind the regional agreement, which has benefitted many Caribbean countries…in the wake of the very hard and difficult times we are passing through,” Dr. Hughes said.

Photo Credit: Google Images

Welcoming medical tourism to Jamaica 0

The ICT industry in Jamaica is expected to grow rapidly

The ICT industry in Jamaica is expected to grow rapidly

Reposted from The Jamaica Observer

IT is extremely heartwarming that Jamaica was considered for the development and operation of a medical tourism facility in St James. This ‘five-star’ facility by the American Global MD is welcoming news for Brand Jamaica. Medical tourism has the potential to improve Jamaica’s economy through the dynamism of such a combination of health care services and vacation; promoting health care services and a facility to attract tourists from around the world. It will enable persons to come to Jamaica to obtain health care in a leisurely setting. What a wonderful combination! More…

Jamaica must become a part of the global value chain says ITC Head 0

jamaicaReposted from Gojamaica.com

For Jamaica to successfully position itself as one of the global economy’s major logistics hubs, it must establish itself as a vital link within global value chains. This was the message from Mrs. Pat Francis, Executive Director of the International Trade vCentre (ITC) as she addressed private and public sector leaders at a breakfast briefing hosted by the Jamaica Chamber of Commerce in Kingston on Thursday, March 7. More…

Caribbean Leaders Arrive in Haiti for Regional Summit 0

Petion-Ville, HaitiReposted from The Caribbean Journal
By Alexander Britell

PORT-AU-PRINCE, HAITI — Political leaders from across the Caribbean Community have begun arriving in Haiti for the 24th Intersessional CARICOM Meeting of the Heads of Government summit that begins here tomorrow.

It is the first time Haiti, which assumed the CARICOM Chairmanship at the beginning of 2013, has hosted the meeting. More…