6 Things You Need To Know Today – October 2, 2013


  1. Government Waived $12m On Luxury Vehicles In June. Jamaica’s cash-strapped Government approved approximately $12 million in waivers to individuals and institutions for the importation of luxury vehicles during the month of June… Read more at Jamaica-Gleaner.com
  2. Eyes On Azurest – Preferred Bidder To Indicate Whether It Will Meet Down Payment Deadline For 360MW Power Project. The principals of Azurest Cambridge Power are expected to inform the Office of Utilities Regulation (OUR) today if they will meet Thursday’s deadline to pay over the one per cent security bond to construct the US$690-million 360-megawatt barge-mounted power plant… Read more at Jamaica-Gleaner.com
  3. Phillips: We Can’t Have Our Cake And Eat It; Shaw Against Junior Market Shutdown. The Junior Market of the Jamaica Stock Exchange could fall victim to the Omnibus Tax Incentive Act, which is being put in place under the extended fund facility with the International Monetary Fund… Read more at Jamaica-Gleaner.com
  4. Jamaica Facing Possible Currency Crisis. Where is the exchange rate now? As we enter the final quarter of the year, it is important to look at the value of the Jamaican dollar. Having started the year at approximately J$93 to one US dollar, the Jamaican dollar depreciated by more than $10.50, selling for a record high of $103.59 to US$1 at the end of trading day on Monday… Read more at Jamaica-Gleaner.com
  5. Tourism Sector Keeps Eye On US Shutdown. The Jamaica Hotel and Tourist Association (JHTA) says it is paying close attention to the shutdown in the United States (US) because of its likely impact on the country’s tourism sector… Read more at Jamaica-Gleaner.com
  6. Bolt, Fraser-Pryce Look To Top Them – Jamaican Duo Shortlisted For Prestigious IAAF Award. Jamaica’s sprint duo, Usain Bolt and Shelly-Ann Fraser-Pryce, will be looking to finish ahead of their rivals, just as they did at this year’s IAAF World Championships, after being shortlisted for the prestigious male and female World Athlete of the Year Award… Read more at Jamaica-Gleaner.com