6 Things You Need To Know Today – October 16, 2013


  1. Cash Clampdown – House Approves Bill To Counter Money Laundering. Transactions above $1 million in cash are to be outlawed as the Government moves to put the brakes on money laundering while at the same time plug a major source of revenue leakage to the tax coffers… Read more at Jamaica-Gleaner.com
  2. BOJ Won’t Accept Disorder In Forex Market – Wynter. The rapid depreciation in the value of the Jamaican dollar over the past three weeks will not continue in that manner over the rest of the 2013-2014 fiscal year, Bank of Jamaica (BOJ) Governor Brian Wynter assured yesterday… Read more at Jamaica-Gleaner.com
  3. Shutdown Slows US$ Flow. At least two players in the remittance sector have indicated that the partial shutdown of the United States (US) government is already impacting inflows from that country… Read more at Jamaica-Gleaner.com
  4. 360MW Plant Bidders Object To Calls To Scrap Process. The third- and fourth-ranked bidders for the proposed 360-megawatt power plant have indicated that they are not in support of a call by influential private-sector and civil-society stakeholder groups to scrap the entire bid process… Read more at Jamaica-Gleaner.com
  5. Problem Students Cutting Into JUTC’s Cash. The managing director of the Jamaica Urban Transit Company (JUTC), Colin Campbell, says the organisation’s coffers have been suffering, as many adults have refused to travel on the buses due to unacceptable behaviour by students at the Half-Way Tree Transport Centre in St Andrew… Read more at Jamaica-Gleaner.com
  6. JADCO’s New ED Selected. The beleaguered Jamaica Anti-Doping Commission (JADCO) is about to name a new executive director (ED), almost nine months since the last permanent holder of that position was fired… Read more at Jamaica-Gleaner.com