News Ticker

Since It Doesn’t Meet Their Requirements, Why Are The Goat Islands Still Being Considered?

They’re 617 acres combined and were transferred from the Commissioner of Lands on September 21, 1970 to the Urban Development Corporation. Can you guess what they are? Can you? THE GOAT ISLANDS! (Apparently there are two islands with the first being 465 acres, one rood and six perches while the 2nd island is 152 acres, two roods and 77 perches). A rood is A measure of land equal to 1/4 acre, or 40 square rods (0.10 hectare) and a perch is a linear measure equal to 5.50 yards or 16.5 feet (5.03 meters); a rod.

Sure you have heard that the government of Jamaica is having talks with the Chinese government to construct a trans-shipment port on the islands, as a part of the Jamaican government’s initiative to launch its Logistics Hub project.

But, the geography of the Goat Islands do not meet the criteria put forth by China Harbour Construction & Engineering Company for the successful construction of the port. As Daraine Luton, Senior Staff Reporter for the Gleaner reports;

“The available acreage at Goat Islands, which China Harbour Construction and Engineering Company wants for the construction of a trans-shipment port and industrial park, is less than the desired amount of the lands the Chinese are seeking for the project.”

The archipelago, located off the coast of Old Harbour, St Catherine, which is the property of the Urban Development Corporation, has 617 acres, which is far less than the 3,000 acres which Robert Pickersgill, the minister of land, environment and climate change, said is needed for the development.

If the Goat Islands are not a befitting home for the trans-shipment port, why are they still being considered as a possible site? If you know, please enlighten us in the comments section below.

Macroeconomic, News Ticker, Trade Tagged ,

Economy or Enviroment:Jamaican Government Bamboozled?

The most popular topic in Jamaica for the last few days has been the government’s creation of a logistics hub and the sudden increased interest by a set of investors in a ‘protected’ area of the country, targeted for investment. However questions abound as to the intention of the investors and the benefit for the country. Continue Reading

Macroeconomic, News Ticker, Trade Tagged

Yes To Venture Capital, But Count The Costs

With the recent DBJ Venture capital conference, there has been renewed interest in the venture capital market in Jamaica, and a lot of effort is behind the establishment of same. In her weekly Sunday Gleaner column, Yaneek Page considers the Good, Bad And Ugly Sides of Venture Capital, a must read for those who want to quickly get up to speed with what’s at stake. Continue Reading

News Ticker, Startups & Venture Capital

What’s At The Heart Of All This Goat Islands, Logistics Hub Argument – J-O-B-S!

While Minister of Industry, Investment and Commerce Anthony Hylton is urging the public to exercise patience in making a judgement on the proposed development of Goat Islands as a trans-shipment and logistics port, it doesn’t go unnoticed that at the heart of all this argument the key issue is clear, the economy yes, but also J-O-B-S! Continue Reading

Macroeconomic, News Ticker, Trade Tagged ,

10 Basic Questions About The Logistics Hub

Not to be left out of the mix, Barry Wade, PhD, chairman of Environmental Solutions Ltd, a Jamaican Environmental company gave his take on the construction of the logistics hub (which has really come to the fore even more with the recent revelation that the Chinese are interested in a very well positioned, but protected piece of environmental property).

He brings us through a 10 step crash course on how to build a logistics hub, asking very important questions along the way.

Macroeconomic, News Ticker, Trade Tagged

Leave Goat Islands Alone: -4,000 Jobs + 4,000 Jobs = Zero Jobs!

The Goat Islands have become a topic of many discussions within the past few weeks. The location rose to fame when news surfaced that it was being considered to be one of the locations for the development of transshipment ports in Jamaica, as apart of the government’s plan to create a logistics hub to facilitate the efficiency and promotion of international trade and provide new and innovative economic opportunities for the country. Continue Reading

Macroeconomic, News Ticker, Trade Tagged ,

Airline Job Cuts + Smaller Planes = Lower Employment. 10 Straight Months Of Decline!

Airline employment has dropped from last summer because of job cuts at American Airlines and regional carriers that use smaller planes.

The US Department of Transportation yesterday (Tuesday, Aug 27, 2013) said that airlines employed the equivalent of 381,441 workers in June, down 2.4 per cent from the same month last year. It’s the 10th straight month of decline compared with a year earlier.

With a reduction in the jobs numbers for 10 straight months, that is not a good sign.

Labour and Income, Macroeconomic, News Ticker

JMMB Still Solid. Overseas Performance Boosts Profit

JAMAICA Money Market Group’s (JMMB’s) operations in the Dominican Republic saw its operating profit increase more than tenfold. Gains on securities trading was the main reason behind an increase in earnings from $33.6 million during the three months to June 30, 2012, to $390 million in the corresponding quarter this year (June 2013). Continue Reading

Earnings, News Ticker