Jamaica generates 146 billion in tourism earnings in the first six months

first_imgDuring the first six months of the 2017 calendar year, Jamaica generated $1.46 billion in tourism earnings, recording a 7.5% growth over the corresponding period in 2016.In addition, the country welcomed 2,165,330 visitors up to the end of June this year, which was 3.9% higher than the corresponding period in 2016. The figures included 1,186,646 stopover visitors and 978,684 cruise passengers.Tourism Minister of Jamaica, Edmund Bartlett, while announcing these figures, said a record 104,098 stopover visitors arrived during the first two weeks of July, representing 14.9% increase over the corresponding period last year.The Minister said these out-turns indicated that the industry was, at the end of June, ahead of the government’s projected growth targets, aimed at increasing visitor arrivals to five million and generating $5 billion in five years.Bartlett said the cumulative out-turns for 2016 and the year-to-date indicated that “we really would be looking at a 5.5% increase and $1.6 billion (in) earnings, which would be a little over an eight percent increase in earnings over the previous year.”Of note, he said the industry’s growth averaged between eight and 11% for the first three months of the 2017/18 fiscal year, from April to June.last_img read more

Cyprus to tap an additional €81m in EU funds

first_imgFunds drawn by Cyprus under the European Fund for Strategic Investments (Efsi) reached €45m in November, as the island was set to receive an additional €81m, the European Commission said.The Efsi was extended on Tuesday until 2020 to finance more projects that promise the best economic and social returns in the EU member states.Commission Vice-President Jurki Katainen had urged Cyprus to work harder to benefit from the Efsi, since it ranked second to last among the EU states.He also said many sectors in Cyprus could benefit from the fund, such as tourism, energy, renewables, as well as research development and innovation.Efsi, also known as the Juncker Plan, aims to mobilise €500bn to redress market failures and investment gaps, by funding innovative projects with a high-risk profile which would not have been supported otherwise.According to the agreement between the Parliament and the member states, investments should also foster job creation, particularly for young people and economically weaker EU regions.The Efsi, implemented by European Investment Bank, was established in 2015 for an initial period of three years with the aim of mobilising at least €315bn in investment in the real economy.The European Commission proposed to extend the fund’s duration until the end of the EU’s current Multiannual Financial Framework in December 2020, with a view to reaching an investment target of €500bn. You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoSmart Tips DailySeniors With No Life Insurance May Get A $250,000 Policy If They Do ThisSmart Tips DailyUndo Concern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’Undoby Taboolaby Taboolalast_img read more

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Bassi was transferre

Bassi was transferred to Port Blair in Andaman and Nicobar islands and asked to join with immediate effect "in public interest" after M Nageshwar Rao took over as interim CBI chief In the fall out of the ugly spat between number one and number two officers of the CBI — Alok Verma and Rakesh Asthana — the government had asked both of them to proceed on leave appointed an interim chief and transferred a handful of officers — predominantly from the anti-Asthana camp Representational image AFP According to CNN-News18 Bassi has alleged that his transfer orders were illegal and claimed that he had uncovered crucial evidence implicating Asthana during the course of his investigation Asthana had however complained to the Central Vigilance Commission tha