6 Things You Need To Know Today: April 12, 2013

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  1. Jamaica Expects Immediate Infusion Of US$213m From IMF. The International Monetary Fund (IMF) will dispatch US$213 million to Jamaica immediately after its board approves the new bailout programme expected by month end, according to central bank Governor Brian Wynter… Read more at Jamaica-Gleaner.com
  2. NIF To Dial Down Investments As NDX Hits – J$9b Lost From Fund. The National Insurance Fund (NIF) took a haircut on J$30.62 billion worth of bonds that it swapped under the FRAN component of the national debt swap, but the head of investments for the fund says the full value can be recovered… Read more at Jamaica-Gleaner.com
  3. Light Bills To Go Down 5% This Month. Jamaica Public Service Company (JPS) customers can expect to see an average five per cent reduction in their electricity bills this month, the light and power company said last night… Read more at Jamaica-Gleaner.com
  4. OUR To Present Alternative-Energy Solutions To Government. The Office of Utilities Regulation (OUR) is this week expected to present the Government with its recommendations for an alternative proposal for supplying 360 megawatts of power to the national grid… Read more at Jamaica-Gleaner.com
  5. Devaluation Provides Growth Opportunities. Despite the loss in value of the Jamaican currency relative to the United States dollar, two academics and a businessman have suggested that it provides opportunities to spur economic growth… Read more at Jamaica-Gleaner.com
  6. Jamaica In Full Control – Guyana Demolished For 96. Defending champions Jamaica have taken a commanding lead over Guyana on the second day of their final-round match in the Regional Four-Day Championship at the National Stadium on Thursday… Read more at Jamaica-Gleaner.com