标签: Jamaica

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  • Buy-and-hold investing weighs on market liquidity

    Buy-and-hold investing weighs on market liquidity

    Financial experts at the 21st Jamaica Stock Exchange Investments and Capital Markets Conference have identified a significant structural challenge facing the nation’s capital markets: an entrenched buy-and-hold investment culture that is severely constraining secondary market activity.

    Sarah Cummings, Director of Corporate Solutions and Investment Banking at Scotia Investments Jamaica, highlighted the dominance of institutional investors, pension funds, and collective investment schemes that typically acquire securities with minimal subsequent trading. “Having a buy-and-hold culture suppresses secondary trading,” Cummings stated, noting this pattern creates liquidity shortages that deter broader investor participation and complicate capital raising efforts for companies.

    The conference revealed this phenomenon extends beyond Jamaica throughout the Caribbean region. Christopher Buchanan, Senior Vice-President of Investment Banking at NCB Capital Markets, observed investment managers demonstrate reluctance to divest long-held securities, often citing limited attractive alternatives. This mentality raises fundamental questions about whether Caribbean markets offer sufficient investable assets to enable portfolio repositioning.

    Proven Wealth President and CEO Luwanna Williams proposed solutions focused on restructuring existing offerings rather than introducing entirely new financial instruments. Her recommendations include reducing minimum subscription thresholds to enhance retail accessibility, creating multiple tranches of offerings to widen inclusion, and implementing comprehensive investor education initiatives.

    Williams identified significant knowledge gaps as particularly problematic regarding sustainable investment vehicles like green and blue bonds. Despite their potential to attract capital for climate-resilient development, these instruments suffer from limited understanding among investors. Williams cited a telling case where a German renewable energy company abandoned Caribbean fundraising efforts after securing just $11 million of a $20 million target, subsequently raising approximately $100 million through Norway’s Oslo Stock Exchange.

    “This was a very attractive investment in terms of yield. It was steady in terms of cash flows, and the issuer was well known internationally,” Williams noted. “So what was the problem?” She attributed the failure to persistent misconceptions that sustainable investments deliver inferior returns or prove too complex for average investors.

    Both executives emphasized that deeper regional integration could address liquidity challenges. Buchanan advocated for increased cross-listings to build brand recognition, access wider investor bases, and improve capital raising capabilities. However, conservatism and uneven regulatory frameworks across Caribbean exchanges continue to hinder progress despite ongoing discussions among market operators.

    Williams concluded that overcoming these barriers requires coordinated efforts to demystify investment processes and opportunities, particularly for retail participants who often prefer familiar banking products over equity investments due to comprehension gaps and risk aversion.

  • Keznamdi wins Grammy for Best Reggae Album

    Keznamdi wins Grammy for Best Reggae Album

    In a stunning triumph at the 2024 Grammy Awards, emerging recording artist Keznamdi captured the prestigious Best Reggae Album award for his profoundly impactful work “Blxxd and Fyah.” The victory marked a significant milestone in the artist’s career, representing both his first nomination and first Grammy win.

    The thirteen-track album, independently released through Keznamdi Music Group in August 2023, prevailed against formidable competition from established reggae talents. The distinguished nominees included Lila Ike’s “Treasure Self Love,” Vybz Kartel’s “Heart and Soul,” Mortimer’s “From Within,” and Jesse Royal’s “No Place Like Home.” This year’s nomination round notably featured two previous contenders – Vybz Kartel and Jesse Royal, both receiving their second nominations – alongside first-time nominees Lila Ike and Mortimer.

    “Blxxd and Fyah” distinguishes itself through its powerful thematic foundation, exploring concepts of struggle, resilience, and personal transformation. The album masterfully merges traditional roots reggae elements with contemporary musical influences, creating a sound that resonates with both classic reggae enthusiasts and modern listeners. Keznamdi’s artistic vision presents a cohesive narrative journey that addresses societal challenges while offering messages of hope and empowerment.

    The Grammy recognition represents a significant breakthrough for independent artists within the reggae genre, demonstrating how artist-owned productions can compete with major label releases. Keznamdi’s victory continues the tradition of celebrating reggae music that maintains cultural authenticity while pushing creative boundaries, ensuring the genre’s continued evolution and global relevance.

  • When it rains…

    When it rains…

    In western Jamaica, the soothing patter of rainfall has transformed into a trigger for profound psychological trauma among schoolchildren. The memory of Hurricane Melissa’s devastating landfall on October 28, 2025, continues to haunt educational institutions, where students now respond to precipitation with screams, trembling, and paralyzing fear rather than playful excitement.

    Educational leaders from multiple institutions describe heartbreaking scenes during stormy weather. Principals Garfield James (Little London High School), Venesha Brown-Gordon (Salt Marsh Primary School), and Oraine Ebanks (Green Pond High School) report that their students exhibit severe trauma responses when rains begin. These schools number among five educational institutions selected as beneficiaries of the 2026 Sagicor Sigma Corporate Run, an initiative aiming to raise $150 million through a February 15th charity run to fund hurricane recovery efforts.

    The psychological impact extends beyond directly affected regions according to Kirk Morris, President of the Jamaica Association of Guidance Counsellors. He notes that students in eastern parishes—many exposed to harrowing social media footage—have also required professional psychological support, demonstrating the hurricane’s far-reaching emotional consequences.

    Official statistics from the Ministry of Education reveal extensive intervention efforts: over 50,000 students and 4,000 teachers in northwestern Jamaica have received psychosocial support through 2,086 counseling sessions. The ministry has additionally provided assistance to 167 regional staff members and more than 9,000 parents, creating a comprehensive support network for affected communities.

    At Green Pond High School, Principal Ebanks describes implementing flexible teaching approaches that allow for spontaneous counseling moments when trauma surfaces. The school’s damaged infrastructure—leaking classrooms and missing roofs—compounds the psychological challenges during rainfall. Educators actively work to maintain normalcy through extracurricular activities while acknowledging that heavy precipitation instantly triggers traumatic memories, particularly among students from severely impacted areas like Catherine Hall and Westgreen.

    Similar challenges confront Salt Marsh Primary School, where the institution’s proximity to a flood-prone gully intensifies student anxiety. Acting Principal Brown-Gordon recounts children as young as twelve trembling during storms while asking teachers whether Hurricane Melissa is returning.

    The psychological toll extends beyond students to encompass educators and parents. Little London High School reports cases of depression among students that exceed the guidance department’s capacity, highlighting the need for ongoing mental health support despite limited resources.

    Minister of Education Senator Dana Morris Dixon confirms the ministry operates a comprehensive psychosocial support program utilizing both virtual and in-person sessions. This effort has been bolstered by 36 private clinicians, psychiatric experts from The University Hospital of the West Indies, and support organizations including UNICEF, Children First, and the Ministry of Health and Wellness.

    While counselors across Jamaica continue providing support, educational leaders acknowledge that normalization will require sustained time and resources, with rainfall serving as a persistent reminder of the catastrophic hurricane that forever changed their students’ relationship with weather.

  • Globalisation, power and the rewriting of economic rules

    Globalisation, power and the rewriting of economic rules

    The global economic landscape is undergoing a fundamental transformation as geopolitical competition increasingly dictates economic policy and international relations. Nations are strategically deploying trade policies, monetary tools, and technological controls as instruments of power rather than efficiency, creating complex challenges for smaller economies like Jamaica and other Caribbean states. These developments represent a significant departure from the post-World War II consensus that championed globalization as the pathway to prosperity.

    The traditional neoclassical economic paradigm, which promoted free trade as an unquestioned virtue, concealed inherent asymmetries in global economic architecture. Multilateral agreements and UN frameworks systematically disadvantaged developing nations, often locking them into permanent roles as raw material exporters while limiting their capacity for industrial advancement. This institutional hierarchy masquerading as neutral globalization has created enduring structural inequalities.

    China’s remarkable ascent exemplifies this shift. While Western nations outsourced manufacturing for efficiency gains, China methodically built industrial capacity and technological prowess, now accounting for approximately 30% of global manufacturing output. The Belt and Road Initiative, extending to over 150 countries, represents more than infrastructure investment—it fundamentally alters global connectivity and gives developing nations enhanced bargaining power in an increasingly logistics-driven world economy.

    The Western response has been equally transformative. The same powers that previously evangelized liberalization now embrace strategic protectionism, employing tariffs and technology export controls as geopolitical weapons. This insecurity-driven behavior has accelerated global supply chain reorganization, with nations prioritizing self-sufficiency in critical sectors including technology, energy, and defense.

    Emerging alliances reflect this new reality. BRICS members pursue divergent national interests rather than coherent opposition to Western dominance. Similarly, Canada’s expanding engagement with China demonstrates how traditional alliances are being recalibrated according to national interest rather than ideological alignment.

    Geographical significance is being revalued globally. Iceland’s strategic importance grows with Arctic shipping expansion, while Caribbean nations gain renewed relevance due to their positioning at critical trade intersections. For Jamaica, this presents both challenges in navigating competing superpower interests and opportunities to transform from periphery to pivot in the global economy.

    The new world order rewards strategic positioning over sheer size, offering smaller nations unprecedented opportunities to mediate global flows rather than merely absorb external shocks. Those who understand this new geoeconomic logic earliest stand to benefit most from the ongoing renegotiation of globalization.

  • Emery riled by ‘unfair’ VAR call as Villa’s title hopes fade

    Emery riled by ‘unfair’ VAR call as Villa’s title hopes fade

    BIRMINGHAM — Aston Villa’s Premier League title aspirations suffered a significant setback following a contentious 1-0 defeat to Brentford at Villa Park on Sunday, despite the visitors playing over half the match with ten men.

    The match’s pivotal moment arrived early in the second half when Tammy Abraham’s apparent equalizer, which would have marked a dream return to his former club, was disallowed after an extended Video Assistant Referee (VAR) review. The technology determined the ball had exited play earlier in the attacking sequence, a decision that infuriated Villa manager Unai Emery.

    Brentford’s match-winner came from Dango Ouattara, who capitalized on a narrow angle to score shortly after teammate Kevin Schade received a straight red card for kicking out at Villa defender Matty Cash. Even with a numerical disadvantage, Brentford’s resilient defense held firm, thwarting Villa’s attempts to find an equalizer.

    Emery expressed his frustration post-match, stating, ‘I accept the decision, but for me, it is not fair. The problem is the VAR should not be intervening in this situation, especially so long after the action. If the assistant referee did not see it, we must continue playing. Brentford played fantastically with one player less.’

    The result leaves Villa seven points behind league leaders Arsenal. While the title challenge now appears increasingly difficult, the immediate concern shifts to securing a top-five finish to guarantee qualification for next season’s UEFA Champions League. Villa currently holds a seven-point cushion over sixth-placed Liverpool in the race for European football.

  • Defence backfires?

    Defence backfires?

    A multimillion-dollar coastal protection initiative in Annotto Bay, Jamaica, designed to shield the shoreline from erosion and rising sea levels, is now facing criticism for allegedly exacerbating flooding issues during heavy rainfall events. The $244-million project, part of the Disaster Vulnerability Reduction Project, has come under scrutiny following significant flooding at the Annotto Bay Market last month.

    Local officials including Port Maria Mayor Fitzroy Wilson and Councillor Hugh Bryan have identified the placement of offshore groynes as a primary concern. These structures, intended to slow wave action and accumulate sand to prevent erosion, are believed to have disrupted natural water drainage patterns. Mayor Wilson explained that during periods of high sea activity, water pushed back through drainage systems, carrying sand that ultimately blocked critical outflow channels behind the market.

    The project, managed by the Planning Institute of Jamaica (PIOJ) with funding from a World Bank loan and implemented by the Jamaica Social Investment Fund, was designed to protect three coastal towns from climate change impacts. However, the Jamaica Social Investment Fund has stated the flooded area falls outside their project footprint.

    PIOJ Director General Wayne Henry acknowledged the longstanding flooding issues in Annotto Bay while clarifying that no groyne was placed behind the market by their contractors. He detailed that project engineers had actually created an improved drainage outfall through the revetment in May 2023 to address frequent blockages. Henry emphasized that this drainage channel requires regular maintenance to prevent debris and silt accumulation, noting that the high-water intersection point necessitates ongoing cleaning by relevant authorities.

    Local vendors provided firsthand accounts of the flooding, describing thigh-high water levels that transformed the market area into “a natural sea.” They advocated for drain widening and improved maintenance, expressing particular frustration given the market’s recent $19-million renovation that concluded in mid-2025. This renovation included infrastructure repairs, bathroom facilities, and commercial shop construction.

    Officials have recommended coordination between engineering authorities and the ongoing coastal project team, with Mayor Wilson suggesting future phases should extend further offshore to break waves before they approach the shoreline. Councillor Bryan additionally highlighted the need for attention to the Pencar River and dredging operations to comprehensively address the area’s flooding vulnerability.

  • ‘At least 200’ feared dead in DR Congo landslide — gov’t

    ‘At least 200’ feared dead in DR Congo landslide — gov’t

    A catastrophic landslide at a militia-controlled mining operation in the eastern Democratic Republic of Congo has resulted in what government officials fear could be at least 200 fatalities. The disaster struck the coltan-rich Rubaya mine in North Kivu province, an area under the control of the M23 rebel group since its April 2024 capture with alleged Rwandan support.

    The communications ministry expressed profound dismay in an official statement, confirming that massive earth movements had buried artisanal miners working under perilous conditions. According to multiple accounts, the initial collapse occurred Wednesday afternoon, followed by a second substantial landslide on Thursday morning.

    Eraston Bahati Musanga, the M23-appointed provincial governor who visited the site, corroborated the death toll estimate, noting that recovery efforts had yielded numerous bodies from the debris. The remote location and compromised communication infrastructure have severely hampered verification efforts, with information trickling in via motorcycle couriers across the region.

    The Rubaya mine represents a crucial node in global electronics supply chains, producing 15-30% of the world’s coltan—a vital mineral component in mobile phones and laptops. Thousands of informal miners typically work the pits with minimal equipment, facing extreme safety risks daily.

    Humanitarian sources report that injured survivors are receiving treatment at severely under-resourced local health centers. The tragedy occurs against a backdrop of three decades of persistent violence in eastern DRC, where mineral wealth has fueled prolonged conflict.

    The Congolese government has accused Rwanda of using the M23 militia to systematically plunder national resources, noting that between 112-125 tons of coltan are extracted monthly and exclusively routed to Rwanda. UN experts estimate the rebel group generates approximately $800,000 monthly through a taxation system imposed on mineral production and sales.

    Kinshasa has called upon the international community to recognize the scale of both the human tragedy and what it describes as organized looting enabled by armed occupation, despite an official ban on mining activities in Rubaya effective February 2025.

  • Three Jamaicans win at Millrose Games in New York

    Three Jamaicans win at Millrose Games in New York

    New York City’s iconic Millrose Games witnessed a spectacular display of Jamaican athletic prowess this Sunday, with three gold medal victories highlighting the event at The Armory’s Nike Track & Field Center. The triumphs serve as a powerful statement ahead of the upcoming World Athletics Indoor Championships in Poland this March.

    Danielle Williams, the reigning world leader in the hurdles, cemented her dominant form by blazing to victory in the women’s 60m hurdles with a time of 7.90 seconds. She outperformed a competitive field, leaving behind Devynne Charlton of the Bahamas (7.96 seconds) and American Christina Clemons (7.97 seconds). This marks Williams’ fourth hurdles victory this season, signaling her peak condition.

    On the men’s side, Ackeem Blake continued his winning streak on American soil, capturing the men’s 60m sprint title in a swift 6.55 seconds. This victory follows his recent win at the New Balance meet in Boston, demonstrating consistent top-tier performance. He finished ahead of Puerto Rico’s Eloy Benitez (6.60 seconds) and American Jordan Anthony (6.64 seconds).

    Adding to the gold medal haul, Rajindra Campbell delivered a world-leading performance in the men’s shot put, launching a massive throw of 21.77 meters. The victory comes amid his ongoing process to switch athletic allegiance from Jamaica to Turkey.

    Other notable Jamaican performances included Megan Simmonds securing fourth place in the hurdles with a season’s best 8.04 seconds, Kemba Nelson finishing fourth in the women’s 60m (7.28 seconds), and Natoya Goule-Toppin placing eighth in the women’s 1000m, also with a season’s best time of 2:39.55.

  • Record cracks forensic science code at CMU

    Record cracks forensic science code at CMU

    Jamaica’s higher education landscape witnessed a historic milestone last Wednesday as 22-year-old Jamaela Record became the Caribbean Maritime University’s inaugural graduate with a Bachelor of Science in Forensic Science. Her journey from childhood fascination with crime investigation television shows to becoming a national pioneer exemplifies dedication and transformative educational ambition.

    Introduced in 2021 to bolster Jamaica’s counter-terrorism capabilities and investigative prowess, the forensic science program employs rigorous scientific methodologies including DNA analysis, toxicology, and digital forensics within criminal investigations and legal contexts. Record discovered the program through online channels and immediately enrolled, recognizing the opportunity to convert her lifelong interest into professional practice.

    The academic path proved challenging as initial cohort numbers dwindled from approximately six students to just Record persevering through the four-year curriculum. She reframed these obstacles as investigative challenges, approaching each difficulty as evidence leading toward ultimate resolution rather than reasons for abandonment.

    Hailing from Clarendon, Record describes her pioneering achievement as blending pressure, pride, and profound purpose. Without upper-level students to provide guidance or existing models to follow, she developed self-reliance and disciplinary rigor while recognizing her responsibility to establish benchmarks for future candidates.

    Record acknowledged faculty advisors and lecturers as crucial supporters throughout her academic journey, alongside family encouragement and spiritual strength derived from her favorite biblical passage, Philippians 4:13. Her professional formation was further enhanced through an internship with the Jamaica Constabulary Force, providing hands-on experience with evidence handling and investigative procedures that emphasized the critical importance of integrity and confidentiality.

    The graduate emphasized forensic science’s unique position at the intersection of scientific inquiry, justice administration, and societal impact. She characterized the field as fundamentally concerned with uncovering truths through meticulous evidence examination, requiring both technical expertise and unwavering ethical commitment.

    Looking forward, Record aims to specialize in cyber forensics while contributing to public safety, national development, and law enforcement effectiveness. She encourages prospective students to embrace the program’s challenges, noting that forensic science transcends laboratory work to represent a deeper commitment to justice, accountability, and societal service through evidentiary storytelling.

  • Alcaraz sweeps past Djokovic to win ‘dream’ Australian Open

    Alcaraz sweeps past Djokovic to win ‘dream’ Australian Open

    MELBOURNE, Australia — In a stunning display of resilience and athletic prowess, Spanish sensation Carlos Alcaraz overturned an initial deficit to defeat Novak Djokovic and claim his maiden Australian Open championship on Sunday. The final, held at Rod Laver Arena, concluded 2-6, 6-2, 6-3, 7-5 in favor of the 22-year-old, who has now become the youngest male player in the Open Era to complete a career Grand Slam.

    The victory not only earned Alcaraz his seventh major title but also solidified his position as the undisputed world number one. With this win, he surpasses his legendary compatriot Rafael Nadal, who achieved the same milestone at age 24 and was present in the audience to witness the historic moment.

    Alcaraz’s triumph denied Djokovic a record 25th Grand Slam title and marked the Serbian’s first defeat in an Australian Open final after ten consecutive victories. The loss leaves Djokovic still tied with Margaret Court for the most major singles titles.

    In an emotional post-match ceremony, Alcaraz described the win as “a dream come true,” adding, “Lifting the trophy for the first time in Australia was crazy.” He also paid tribute to Djokovic, acknowledging, “What you’re doing is really inspiring, not only for tennis players but athletes around the world.”

    Djokovic, who at 38 was striving to become the oldest men’s Grand Slam champion in the Open era, hinted at an uncertain future, stating, “God knows what happens tomorrow, let alone in six or twelve months.” He humorously remarked on the strong Spanish presence in the crowd, joking, “I feel like I was one against two tonight.”

    The match itself was a physical and tactical masterclass, with both players entering the final after grueling five-set semifinals. After dropping the first set, Alcaraz elevated his game, exploiting Djokovic’s declining energy and converting critical break points to seize control. The fourth set featured an intense 11-minute service game where Djokovic fended off six break points, but Alcaraz ultimately broke again to seal the victory.

    With this result, Alcaraz joins tennis greats like John McEnroe and Mats Wilander with seven major titles, while Djokovic moves to world number three, behind Alcaraz and Jannik Sinner.