5 Things You Need To Know Today – December 5, 2012

  1. Jamaica Maintains Low Ranking In Corruption Report. Jamaica maintained its ranking as a country perceived to be suffering from corruption in the yearly Global Corruption Perception Index (CPI) rankings released by anti-corruption body Transparency International. The 2012 report ranked Jamaica at 86 out of 182 countries, matching the same ranking as last year and one less than 2010.  [Read more on Jamaica-Gleaner.com]
  2. Parenting Commission To Begin Operation By Early 2013.The Education Minister Ronald Thwaites says the National Parenting Commission begin operations by early next year. Thwaites told Parliament that the process of choosing someone to coordinate the Commission is still underway. [Read more on Jamaica-Gleaner.com]
  3. Parliamentary Committee Rushes To Spend Millions On Christmas Work. More than $47 million worth of ‘Christmas work’ was yesterday approved by the Constituency Development Fund Committee of Parliament, which overlooked several concerns and signed off on the projects in time for the holidays.The committee approved 25 projects with a total value of $47.2 million, $35.3 million of which was aimed at providing ‘special employment’. [Read more on Jamaica-Gleaner.com]
  4. Motorists To Pay For Air As Gasolene Margins Fall. President of the Jamaica Gasoline Retailers Association (JGRA) Derrick Thompson said Monday that retailers have seen a 20 per cent fall-off in sales in the last 12 months, resulting in increased competition among some 300 service stations to maintain returns. [Read more on Jamaica-Gleaner.com]
  5. JBA Pushes For Inter-Governmental Agreement On FATCA. The Jamaica Bankers Association (JBA) is again urging the Government to push for an agreement with the United States to ease the costs faced by local financial institutions if they are to conform with the Foreign Account Tax Compliance Act (FATCA).[Read more on Jamaica-Gleaner.com]