"Nature of Business at Courts Jamaica Ltd"
could become JAMAICA regional economic LONDON, England: J AMAICA COULD become the business and industrial hub of the Caribbean and the Americas, thanks to the oppor- hub under EPA tunities presented under the Economic Partnership Agreement (EPA), signed recently between CARIFORUM States and the European Union (EU). JANET SILVERA PHOTO Minister of Foreign A view of the Affairs and Foreign Doctor’s Cave Trade, Dr. Ken Baugh, Beach one of the outlined a massive island’s most vision of economic famous land- growth and develop- ment for the island, to marks. be stimulated by direct a barge with European investment, Workmen load Cement at the first Jamaica United cement at the Kingdom (UK) Investment forum, staged by Jamaica Trade and Invest (JTI), in London, recently (February 5). The development plan sees Jamaica expanding its trading practices to include non-tradi- tional export sectors, such as services, culture, sports and intellectual property. It also focuses on the building of stronger links with established and new trading partners, offering investors access Please see JAMAICA, 16 THE WEEKLY GLEANER www.jamaica-gleaner.com MARCH 16 - 22, 2009 • 15 feature GraceKennedy Limited and Jamaica Producers Group have already invested within the region and are expected to The Minister invited prospec- ment-friendly environment; looking to engage the North Dr. Baugh alerted stakehold- JAMAICA tive European investors to take advantage of the agreement legislation which protects and guarantees the rights, powers American market more aggres- sively, beginning with the pos- ers and potential investors to the fact that companies that do Continued from 15 and to become part of the and privileges of investors; the sible negotiation of a free trade business in Jamaica, under the process to ensure that the EPA natural economic advantage agreement with Canada, this EPA, would benefit from the to an intricate network of mar- works for all stakeholders. presented by the island’s year. We will also be looking at country’s objective to become a kets in Europe, the Caribbean strategic geographical location deepening existing partner in trade and economic AGGRESSIVELY POSITIONING and the fact that there are no trade agreements with co-operation in much larger and the Americas. Dr. Baugh spoke to the In selling Jamaica’s vision of language barriers with the our regional partners, marketplaces of the hemi- tremendous benefits that achieving developed world sta- English-speaking internation- to ensure that we cre- sphere and the rest of the European investors stood to tus by 2030, he described the al business community. ate conditions for world. access, as a result of doing country as the place to live, The Minister said that the the private sec- He also emphasised the criti- business with Jamaica, and work, raise families and do comprehensive nature of the tor to benefit cal fact that goods and services sold the island as a potential business. He said Jamaica was EPA, which covers goods, serv- and to produced in Jamaica, under industrial hub, offering an aggressively positioning itself ices, investment, competition, trade,” he the EPA, would have up to 86 excellent logistical and infra- as the place to do business in intellectual property, public added. per cent elimination in cus- structural foundation for the context of its overall devel- procurement, labour and envi- toms duties, when they enter investment. opment objectives. ronmental provisions, had Europe. He described the signing of He outlined a number of forced Jamaica to take a more Other speakers at the forum the EPA as a tremendous areas in which Jamaica pos- aggressive approach towards included, minister of industry, achievement, noting that the sessed competitive advantage implementation. investment and commerce, emphasis has now shifted to as an ideal location for invest- Karl Samuda, and minister ment. He pointed to the coun- NEW AREAS without portfolio in the the establishment of Government, Parliamentary try’s stable Parliamentary “We want to ensure that Ministry of Finance and and Administrative structures democracy; the simplification Jamaica’s trade develops the Public Service, Don to ensure its smooth imple- of regulations and procedures beyond traditional goods into Wehby. mentation. for creating a more invest- new areas, such as services, and we want to see our trade with Europe grow beyond our tradition- al partners, to include the new European Economic Community mem- bers in Eastern Europe,” he argued. “We are also FILE Port Authority of Jamaica at Kingston 16 • MARCH 16 - 22, 2009 www.jamaica-gleaner.com THE WEEKLY GLEANER feature Barbara Ledgister provides AMAICAN ATTORNEY-at- have found that we often have obtained in the UK in the UU Application for Custody, UU Payment of Water Rates & J law Barbara Ledgister has been living and working in the UK since 1986 and has seen to march to a different tune in Jamaica.” Providing assistance to UK Courts in Jamaica. Preparing Powers of Guardianship or Adoption of Children UU Application for maintenance Electricity Bills UU Litigation in both Magistrates and Supreme and experienced the many solicitors with Jamaican clients of children Court UU Obtaining Marriage, Birth UU Running down cases ( cases changes that affect Jamaicans who find the Jamaican legal Attorney on both sides of the Atlantic. system very difficult to under- and Death Certificates involving motor vehicle acci- UU Divorces Prior to 1999 Ms Ledgister stand is part of her case load, As a member of the firm of dents) UU Registration of Companies UU Person Injury Claims as well practiced as an attorney on a particularly when they are Robertson Smith Ledgister & UU Recovery of Possession of part time basis; since then she faced with probating and Co in Jamaica located in Mandeville, Spanish Town and as Fatal Accident Claims has stepped into that role on a administering estates. Property Barbara Ledgister, Attorney- UU Issuing Notices to Quit full time basis. The challenges From her office in Thornton Kingston, Ms Ledgister is also At-Law can take care of all your UU Claims for Arrears of Rental have been many, especially Heath, South London, Barbara able to assist in a wide variety of legal matters including: legal services in Jamaica. For when one practices outside the Ledgister provides the follow- jurisdiction of Jamaica and rep- ing services: resenting Jamaicans living in UU Conveyancing - acting for the UK. either seller or purchaser of Having travelled extensively properties in Jamaica. over the years throughout the UK both with the Jamaica Mortgage related matters National Building Society as well as with the National UU Applications for Registered Commercial Bank Ms Ledgister Titles; have had the opportunity of UU Drafting Wills; UU Assistance in obtaining addressing many of her fellow Jamaicans, providing them Survey Diagrams & Reports; UU Obtaining Valuation with insights in the area of Jamaican law as well as assist- Reports; UU Being instructed by UK ing many in solving problems relating to their Jamaican mat- Solicitors in obtaining ters. She noted recently: “Too often Grants of Probate or Letters clients believe that it is easier of Administration and where necessary; UU Resealing those Grants to travel to Jamaica to address their various issues but many THE WEEKLY GLEANER www.jamaica-gleaner.com MARCH 16 - 22, 2009 • 17 feature Transpakship’s Gary Bunting (left) with a client in Barbados. The entire house con- Transpakship leads the way RANSPAKSHIP INTERNATIONAL Ltd, on your specific shipping requirements. T located in Nottingham, has been specialis- ing in shipping to the Caribbean for over 40 years. The shipping expert’s knowledge and expe- Transpakship offers excellent storage facilities that are clean, dry and with 24 hour monitored security to ensure goods are safely looked after rience in the region is second to none, whether whilst in their possession. Throughout the shipping a drum, a package or moving whole spring and summer of 2009 Transpak is offering household contents for returning residents. three months UK storage absolutely free of One of the reasons Transpakship has been charge for customers who require collections in leading its competitors is because of the per- those months. sonal touch that is given, from your first Transpak realizes that moving home can be a enquiry to the delivery of your contents at the stressful event and those pressures intensify destination. Transpakship also offers an excel- when it involves moving to another country. If lent packing service by fully trained staff, to you are thinking of moving overseas, consider ensure customers’ consignments reach them the professionalism and financial standing of in good condition. the moving company. Transpakship Transpakship has regular shipments to of the International Limited is a proud member of the Caribbean including, Jamaica (Kingston & British Association of Removers (BAR) and is Montego Bay), St Kitts, Nevis, Barbados and unique as few other Caribbean serving compa- most other islands. They offer part load service nies can boast this. or full container loads. Transpakship offer no The Nottingham-based Transpakship is the obligation quotations at competitive rates and most professional company in the business. Call can arrange to pay all of your overseas charges, today for up-to-date sailing schedules and col- excluding any customs duty, in the UK so there lections in your area. For more information call is nothing else to pay at the destination. Each 0208 7632 162 or 01623 441445. Email consignment is cared for by experienced office email@example.com or visit staff who are always happy to assist and advise www.transpakship.co.uk. JAMAICA GOVERNMENT BONDS Bond Description Prices as at Thursday March 15, 2009 Coupon Bid Ask Ask Yield GOJ 2011 11.750% 105.000 108.000 7.65% GOJ 2012 11.000% 86.000 91.000 14.50% GOJ 2014 10.500% 86.000 91.000 12.81% Air Ja 2015 9.375% 70.500 73.500 22.05% GOJ 2015 9.000% 85.000 90.000 11.28% CAPJAM 2021 8.500% 60.000 64.000 17.74% GOJ 2017 10.625% 85.000 90.000 12.60% GOJ 2019 8.000% 68.000 72.000 13.36% GOJ 2022 11.625% 106.000 110.000 10.21% GOJ 2025 9.250% 73.000 76.000 12.76% Air Ja 2027 8.125% 42.000 52.000 17.83% GOJ 2036 8.500% 58.000 64.000 13.51% GOJ 2039 8.000% 57.000 62.000 13.10% Source: Guardian Asset Management Ltd/ Oppenheimer & Co. Inc. 18 • MARCH 16 - 22, 2009 www.jamaica-gleaner.com THE WEEKLY GLEANER