KINGSTON, Jamaica, Thursday June 6, 2019 – Minister of Transport and
Mining Robert Montague says the Sangster International Airport in Montego Bay
is now the fastest growing facility of its kind in the region.
“We saw a six per cent growth over 2017 and are
projecting a three per cent growth in 2019,” the Minister told the House of
Representatives on Tuesday.
Citing improvement works, he noted that the airport’s Ticketing Hall has been renovated and is now open, a new shopping area and food court are to be developed, and plans are far advanced to increase the size of the Immigration and Customs Hall.
“The installation of 30 ticketing kiosks in the
Ticketing Hall, the most in any airport in the Caribbean, is enhancing the
departure experience. We intend to place kiosks in select hotels,” Montague
In addition, he noted that installation of more
than 50 immigration kiosks by the Passport Immigration Citizenship Agency
(PICA) has helped to reduce waiting times.
“An expanded security checkpoint area, extended
runways and installing of a Runway End Safety Area (RESA) at both ends of the
runway, will increase safety,” the Transport Minister said.
Meanwhile, Montague told the House that divestment of Norman Manley International Airport is “fully on track” for the operators to assume control in October of this year.
Standard & Poor’s Says The Bahamas in Good Position to Handle Fallout from Hurricane Dorian
NASSAU, The Bahamas, Tuesday
October 15, 2019 – International credit ratings agency Standard & Poor’s
(S&P) says The Bahamas may actually be able to recover from the catastrophic
Hurricane Dorian without too much economic fallout.
It said in a recent bulletin that early signs suggest the country
is well positioned to handle the fallout, emerging without any “meaningful deterioration
in…the economy, fiscal performance, debt burden, and external assessment”. It added
that Dorian’s long-term impact on credit quality could be limited, particularly
if the government responds in a timely manner to various challenges.
That is the case, S&P said, although the Category 5 hurricane
last month devastated Abaco and Grand Bahama in the northern part of The Bahamas,
which account for 15-20 per cent of gross domestic product (GDP).
“Despite the significant damage to Abaco and Grand Bahama, several
factors suggest that the long-term effects of the hurricane on The Bahamas’ credit
quality could be limited,” it said, pointing to the fact that the hurricane
struck outside of peak tourist season, and the physical damage was concentrated
on two islands that together attract only about 20 per cent of tourists.
“Other destinations within the country, including Nassau, the
capital and economic centre, were unaffected. Furthermore, before the
hurricane, the country had been on track to achieve good GDP growth in 2019,
slightly exceeding our forecast. The government also recently reported a
relatively strong fiscal performance in 2019 (year ended June 30). Based on the
information currently available, the timing and location of the hurricane’s
impact, and the country’s relatively strong economic and fiscal performance
year to date, it is possible that Dorian may not lead to a meaningful
deterioration in The Bahamas’ economy, fiscal performance, debt burden, and
The assessment came on the heels of a Central Bank of The Bahamas prediction
that the economy will resume healthy economic growth in 2021, following a
potential Dorian-induced contraction next year as rebuilding gathers pace.
Despite the optimism, S&P did note that The Bahamas’ economic
growth and fiscal discipline have become extremely vulnerable to weather-related
“This event highlights the importance of considering environmental
factors in our analysis of The Bahamas, given its location in the Atlantic
hurricane belt, and the large geographic dispersion of its 700 islands over
almost 14,000 square kilometres,” the ratings agency said.
“In the past five years, The Bahamas has been affected by at least
four other serious hurricanes. We believe this elevated environmental risk has
contributed to below-average growth for The Bahamas, when compared with peers
with similar GDP per capita. The Bahamas has taken steps to mitigate the risks
related to increasingly frequent climate disasters by strengthening its public
finances, planning for these events, and obtaining insurance. Despite these
efforts, vulnerability to natural disasters continues to affect the country’s
S&P said it will continue to follow the developments and pace
of recovery efforts, including the Government’s ability to respond effectively
to the many challenges of recovery.
“We will focus particularly on the implications for long-term economic growth, government finances, debt burden and the country’s external position. We could lower the rating if we come to expect that public finances deteriorate compared with medium-term expectations, either because of the fiscal impact of the hurricane or weakened political commitment to fiscal sustainability.”
Caribbean Export Signs three MOUs with Strategic Partners to support Region’s Export Growth
BRIDGETOWN, Barbados, Tuesday October 15, 2019 – The recently held CARIFORUM-EU Business Forum drew record numbers of senior level European and Caribbean policy makers, European buyers and Caribbean exhibitors, to the fourth hosting of the event and the first ever to be held in Frankfurt, Germany.
And three Memorandums of Understanding (MOUs) were
signed between the Caribbean Export Development Agency and key stakeholders in
Europe – the BVMW (Der Bundesverband mittelständische Wirtschaft), the GIZ
(Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH) and the
Caribbean Council, to ensure continued success of the strategic sectors and
collaboration between the two regions.
“The CARIFORUM-EU Business Forum was designed
as a platform to do exactly this – to strengthen business networks and foster a
closer trade and investment relationship between the Caribbean and in this case
Europe,” said Anthony Bradshaw, Officer in Charge at Caribbean Export which
hosted the forum in collaboration with the European Union and GIZ.
Minister of Trade and CARICOM Affairs from Grenada,
Oliver Joseph thanked the Caribbean’s partners, the European Commission and GIZ
as well as the new partners with whom MOUs were signed, for supporting the
Caribbean in its use of the CARIFORUM-EU EPA.
“We need to take full advantage of this agreement. We must also realize that as a region, as small developing economies, we cannot do it alone. And so I want to thank our partners in Europe, the European Commission, the GIZ, our new friends in Germany, the LAV and the BVMW, the Caribbean Council from the UK… you are helping us and will be helping us to make the EPA work for the peoples of the Caribbean,” he said.
Jamaica to Get Increased Airlift Out of South America in Time for Christmas Travel
KINGSTON, Jamaica, Tuesday
October 15, 2019 – Tourism Minister Edmund Bartlett says beginning December,
Jamaica will see an increase in flights out of South America, which will bring
more visitors from the continent to the island.
He said LatAm Airlines will inaugurate three weekly flights from
Chile and other South American countries to Montego Bay.
This is in addition to 11 flights now offered by Copa Airlines out
of Panama, to bring the total weekly flights between South America and Jamaica
“That will go a long way in helping us to further build out the
South American market, which, right now, is the fastest growing for Jamaica, at
some 23 per cent at this time,” Minister Bartlett said.
He said these marketing engagements are critical in fortifying the
resilience of the island’s tourism industry against any fallout that could
result from shocks such as a global recession.
“Jamaica is [being] proactive in its efforts to ensure that our markets are secured, so that if there’s fallout from one end, we can pick up from another and keep our growth momentum at the level that we had projected,” the Tourism Minister said.
African News8 months ago
ICT Tenders: Government at work
American Entertainment7 months ago
Chicago Mayor Says City Will Send Smollett Bill for Investigation
News7 months ago
Perimeter fencing to improve safety at Red Bank Primary
Music6 months ago
Christopher Martin – I'm A Big Deal | Official Music Video
News7 months ago
Suspend intended CAL lease of Boeing aircraft, T&T Opposition urges
African News6 months ago
Clashes in Peru coca eradication operation leave at least two dead
Music6 months ago
Cristy Barber from VP RECORDS flys in for Chino Album Launch
Music7 months ago
Sweet Jamaica – the album has landed! Mr Vegas at VP Records Florida