6 Things You Need To Know Today – February 18, 2013


  1. Rum Punched – Reduction In Waivers Set To Impact Spirits, Other Industries.  [Brian Pengelley, President of the Jamaica Manufacturer’s Association] said there was also no doubt that a number of jobs could be lost if the Government fails to reconsider its measures.  The JMA president said the Government’s new position on waivers has left the sector to question its commitment to improving the country’s growth strategy….read more at Jamaica-Gleaner.com
  2. NHT Chair Going Down ‘Wrong Road’ – Attorney Claims Drawdown From Fund Illegal.  Attorney-at-law Hugh Wildman is contending that the Government’s move to draw down $45 billion from the National Housing Trust (NHT) over the next four years to support its fiscal initiatives is unconstitutional…read more at Jamaica-Gleaner.com
  3. A Question Of Sovereignty – Gov’t/IMF Bypass Of Tax Committee Troubling.   It appears that we have traded our sovereignty for a deal with the International Monetary Fund (IMF). If Dr Peter Phillips, the finance minister, is to be believed, the IMF basically told him to ignore the Parliament and put revenue measures on the table or else there would be no deal…read more at Jamaica-Gleaner.com (Image Above: Jan Kees Martijn, IMF mission chief to Jamaica, gets an embrace from Prime Minister Portia Simpson Miller at the NDX launch last Tuesday.)
  4. New Tax Package Forces NHT To Redo Business Plan.  With Finance Minister Dr Peter Phillips last week announcing that the Government would be dipping into the coffers of the National Housing Trust for $11 billion over the next four years, the board of the Trust says “it is far too early to say definitively how the programmes of the Trust will change over the period.”..read more at Jamaica-Gleaner.com
  5. Western Consciousness Gets Major Sponsorship – Entrepreneur Levi Roots Pumping In Top Dollars. Just weeks after announcing that Western Consciousness, western Jamaica’s premier one-night roots/rock/reggae concert, will be staged outside of Westmoreland for the first time in its 25-year history, promoter Worrell King has announced a major sponsor for the upcoming event…read more at Jamaica-Gleaner.com
  6.  Welch’s Pumps Support Into Heart Foundation Of Jamaica.  Welch’s, a global leader in fruit beverages and distributed locally by Wisynco, will donate three per cent of its February sales to The Heart Foundation of Jamaica (HFJ). This initiative is in observance of Heart Month and is aimed at raising awareness of heart and blood vessel diseases and to support programmes that help to find solutions. It’s the sixth year that Welch’s has partnered with the HFJ in an effort to raise funds to fight the deadly disease in Jamaica…read more at Jamaica-Gleaner.com