More foreigners securing jobs in Jamaica

[evanovitch]

Re: More foreigners securing jobs in Jamaica

[ QUOTE ]
you sure seh a Jamaican kids, yu see mi have cousins dung deh who follow the latest trends and stuff but to actually persue a real career in music or sports dem know reality. Chances are is the poor youth with no other way or means look to the music ting or sports as a way out, how jamaica set up yu really have fi be good/talented fi get a bly, american kids mi see all middle income pickney a chat fawt bout NBA/NFL or rapper, like that is the only choice. naw man mi still was in high school when shabba release trailer load and while we rate what him was doing, mi never hear one youth seh, dat is what mi ago seriously persue. wi all did want turn politician so wi could a run tings and appropriate resources and big house pon hill, actually i think politicians are still the major celebrities in Jamaica. Yu tink Sean Paul can draw crowd like seh a Seaga or Portia, naw man. Asafa vs PJ, naw man cant happen a yard still.

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that is wat i am saying...the kids who getting something out of their education because of the facilities, teachers, support system, dem have another outlook...

the kids who don't and these r the majority r being channelled, it would seem, along these lines...

your friends probably have parents who subscribe as ours did, to fads being followed as they apply to our social life...our livelihood and future was a whole odda cup of tea

but while some still do this, more an more r going the other way and are encouraged along this thinking by the tone of their politicians etc....

u know, more people need to listen to people when they r tawking to the different groups in Jamaica...it is very telling to hear the same speech delivered before different groups of people ...

we r a people use our dialect and use of language to tell a story in many ways...wedda wid inflection, facial expressions, body language etc....
we have messages within a message, and I for one have learned how to read people when they speak, write etc....

while some don't like to admit that u have caught them in their game, u have to understand that in the end we r all Jamaicans and have it in us to varying extents....

that is why everyone should at some point, find the time to see, listen and hear someone whose point of view in Jamaica, u rate,read, etc, listen to their delivery based on the crowd they face....

it is a yeye opening experience and mek u rethink how u view u self and mek u more objective re everyting going forward

[Hopyoneson]

Re: More foreigners securing jobs in Jamaica

You have a point, mi see alot of those coastal towns look like dem turning into waiter and waitress factories for the tourist industry, one can only hope that with Jamaicans being naturally ambitious and always looking to better them position in life, will use these opps as a stepping stone and not consider, bus boy at Sandals as career. Lord help wi if them start import workers, think them see anything in trelawny where the chinese dem had to run fi dem life bout mash dung yard man work station and tun off power, jamaicans naw tek it lying dung. As one bredda seh, yu cant come Jamaica and treat we like dat. [img]/forums/images/graemlins/70409-waytogo.gif[/img]

[Hopyoneson]

Re: More foreigners securing jobs in Jamaica

[ QUOTE ]

that is why everyone should at some point, find the time to see, listen and hear someone whose point of view in Jamaica, u rate,read, etc, listen to their delivery based on the crowd they face....

it is a yeye opening experience and mek u rethink how u view u self and mek u more objective re everyting going forward

[/ QUOTE ]

Mi get this from the opposition, dat deh puss let out a bag, people a yard know dem likkle tricks, some dyam lumpens dont want to belive it though.

[evanovitch]

Re: More foreigners securing jobs in Jamaica

[ QUOTE ]
You have a point, mi see alot of those coastal towns look like dem turning into waiter and waitress factories for the tourist industry, one can only hope that with Jamaicans being naturally ambitious and always looking to better them position in life, will use these opps as a stepping stone and not consider, bus boy at Sandals as career. Lord help wi if them start import workers, think them see anything in trelawny where the chinese dem had to run fi dem life bout mash dung yard man work station and tun off power, jamaicans naw tek it lying dung. As one bredda seh, yu cant come Jamaica and treat we like dat. [img]/forums/images/graemlins/70409-waytogo.gif[/img]

[/ QUOTE ]

u know i say what i say having been on both sides on the coin so to speak...it is not a knocking of Jamaica, but is a cry for those of us who really can effect change to take off our blinders and stop making excuses for those we choose to champion and support even when we know they r not doing what dem say dem doing ...and the latter part of that statement have a vice versa [img]/forums/images/graemlins/wink.gif[/img]

we 'objectively' say that colonialism is still there, yet we 'subjectively' 'low we bredrin fi do some jimschreechy of dem own....so whose jimschreechy is di worse and how jimschreecy whe hurt u nation which mean it hurt u too, how dat fi have levels ....jimscreechy is jimschreecy...wrong is wrong....sometime me feel seh is juss me a see it an mi know seh dat cyan be

[evanovitch]

Re: More foreigners securing jobs in Jamaica

[ QUOTE ]
[ QUOTE ]

that is why everyone should at some point, find the time to see, listen and hear someone whose point of view in Jamaica, u rate,read, etc, listen to their delivery based on the crowd they face....

it is a yeye opening experience and mek u rethink how u view u self and mek u more objective re everyting going forward

[/ QUOTE ]

Mi get this from the opposition, dat deh puss let out a bag, people a yard know dem likkle tricks, some dyam lumpens dont want to belive it though.


[/ QUOTE ]

frankly u get dat from every opposition a yaad star...so frankly IMHO, u get dat from allllll politician a yaad...

di ones who u speak to one on one who have a good heart an woulda like bruk out, somehow dem ketch dem fraid wen it come to bump

if we were to tell the truth, Michael was subjourned in his beliefs, intentions vs implementation, by his own supposed supporters an i don't mean rank and file [img]/forums/images/graemlins/wink.gif[/img]..is like reading the Commandments outloud to smaddy and feeling seh dat di saying of the word 'thou' ,and using its meaning to exlude u the 'I' ...u know wat i am getting at [img]/forums/images/graemlins/wink.gif[/img]

an let me be frank i came up in a labourite household in terms of party affiliation but wen it came to thinking, we always were taught to be independent..dere were ongle two parties fi mi fada fi choose and he was in one and then the other....

dat is why i say, L I S T E N to A L L politicians under V A R Y I N G AUDIENCES....it is an eyeopener

[Morpheous]

Re: More foreigners securing jobs in Jamaica

[ QUOTE ]
Joemaican and Morpheous, the Govt. is and has not encouraged investment by way of real estate and production portfolios.
Very high interest rates in the past made it easier to invest in govt. paper.
At 60% one could invest and make more than it would had you gone into manufacturing.
Alas! Service financing is one portfolio that entrepeneurs have done well in Jamaica. Millios have been made, in fact billions by the likes of Capital and Credit Merchant Bank, Jamaica Money Market Brokers, Pan Caribbean financing and the traditional commercial banks, like Scotiabank, FCIB, RBTT and Mike Lee Chin`s NCB.

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Thanks Q3210 and also to the Doc. This info is good. I admire Lee Chin. I like people in the Financial industry that are investors in people. It's the key to economic growth in the medium to long term.

I want to ask though, Is the financial sector in Jamaica regulated? How the gov. of jamaica can promise such high interest payments 60% on securities. Does Jamaica have an AIM Alternative Investment Market. Sorry to sound out of touch on Jamaica but it's because I am.

[Hopyoneson]

Re: More foreigners securing jobs in Jamaica

When you say alternative, you mean options, forwards, futures, swaps and those kind of financial instruments. The answer is nope, nada, they only have plain vanilla type stuff equity and debt instruments. I did a thread about this a while back but it proably gone by now.

[Q3210]

Re: More foreigners securing jobs in Jamaica

[ QUOTE ]
[ QUOTE ]
Joemaican and Morpheous, the Govt. is and has not encouraged investment by way of real estate and production portfolios.
Very high interest rates in the past made it easier to invest in govt. paper.
At 60% one could invest and make more than it would had you gone into manufacturing.
Alas! Service financing is one portfolio that entrepeneurs have done well in Jamaica. Millios have been made, in fact billions by the likes of Capital and Credit Merchant Bank, Jamaica Money Market Brokers, Pan Caribbean financing and the traditional commercial banks, like Scotiabank, FCIB, RBTT and Mike Lee Chin`s NCB.

[/ QUOTE ]

Thanks Q3210 and also to the Doc. This info is good. I admire Lee Chin. I like people in the Financial industry that are investors in people. It's the key to economic growth in the medium to long term.

I want to ask though, Is the financial sector in Jamaica regulated? How the gov. of jamaica can promise such high interest payments 60% on securities. Does Jamaica have an AIM Alternative Investment Market. Sorry to sound out of touch on Jamaica but it's because I am.

[/ QUOTE ]

This is just another example of transferring wealth from the poor to the rich. The poor will have to pay more taxes to furnish the interest that the rich reap, regarding ultra-high rates.

The Govt. is not for the people. It is for themselves to take what, when and how. There is no regulation to the possibilities regarding abuse of power.
The PM or the minister of finance can wake up any morning and raise interest rates and implement taxes any which way they see it fit.
The majority PNP members in parliament know no morals. They rubber stamp opportunist deals made by the mnister of finance.

Jamaica endures an apartheid segregationalist classist elitist govt that by virtue of the people all sharing the same colour escape the procrastination of Racism had there been in fact ethnic and racial differences between the poor and the rich.
If all that has happened during the PNP`s reign occurred under an Eddie Seaga, there would be no end of shouts for his head to roll down the gutters of w. Kingston.
But since, it was PJ and now SistahP, nutten nuh wrang.

[Morpheous]

Re: More foreigners securing jobs in Jamaica

Well yes Kingston20,

As oppose to the main stock market/stock exchnage; there is an A.I.M. for upcoming companies not listed on the FTSE ect.

They are small to medium companies that trade amongst themselves in that AIM sector. It gives those upcoming and promising companies/businesses an opportunity to grow and expand while attracting lucrative investments.

Q3210:
If the financial sector in Jamaica is not regulated then Jamaica is in serious double trouble!!!

1. Mostly the unethical will exploit such an unregulated environment with the aid of corrupt officials at the expence of the tax payers. This will lead Jamaica into a black hole it won't ever recover from.

2. Many other potential investors will/are running a mile from such an unregulated financial market. Regulation protects the customers, government, tax payers and the investors.

Seems after so many exchange of governements in Jamaica and notably the many banks Seaga has opened/created in Jamaica and other gov. presiding over them, NONE! saw fit to bring in an independent regulator for the different sectors as well as the financial sector. No central bank either!!!

I noticed some years back some foreign banks sprang up in Jamaica and many closing after a few years... disappaering with the people them money - Due to an unregulated system in place.

Regulation is key in all sectors: Utility, Agriculture, Medical, Education, IT, Real Estate, Tourism etc. The list is endless. What are the TWO!! opposition parties doing to force an independent regulatory bodies in place for the fincial and other sectors in Jamaica?

[Hopyoneson]

Re: More foreigners securing jobs in Jamaica

You describe what is called OTC in the US or over the counter trading for smaller companies, but what I have noticed is that as soon as companies get enough equity or assets they will leave OTC and file with a traditional exchange such as NASDAQ. I think real money can be made in commodity trading, and simple hedging relationships, since the goverment issues alot of debt, they can manage the volatility much better if they use interest rate swaps and futures for oil and gas purchases. I think they unfortunately do not know how these instruments work and need people such as us in the diaspora who can assist them with the technical knowledge.

Q- I dont know where you get your information that the finanical services industry is not regulated, but Bank of Jamaica requires not only certain daily reserves requiremnts similar to the Federal Reserve system fed fund requirement, but also certain minimun capital requirments and deposit to capital ratios. After the meltdown they enacted these laws, so its not the wild wild west as before, but you are right that the minister of finance can use his discretion to circumvent certain protocols.

[Morpheous]

Re: More foreigners securing jobs in Jamaica

[ QUOTE ]
Q- I dont know where you get your information that the finanical services industry is not regulated, but Bank of Jamaica requires not only certain daily reserves requiremnts similar to the Federal Reserve system fed fund requirement, but also certain minimun capital requirments and deposit to capital ratios. After the meltdown they enacted these laws, so its not the wild wild west as before, but you are right that the minister of finance can use his discretion to circumvent certain protocols.

[/ QUOTE ]

So there are some goverment laws in place, but no "REAL" Regulatory body i.e. like that in the UK, - The Financial Services Authority (FSA). ALL professionals in the sector/industry must be authorised via the FSA by an approved accreditation from them. Without it no Banks, Building Society, Life Companies, Lenders, Investment Co., Independent Professionals etc. can operate in that sector. They have the power to revoke license, prosecute, fine or all three. Their decisions are final and no court or government MP can overturn their decisions. No goverment member can effect change at will!

However, I got the impression from your earlier response quoted below:

[ QUOTE ]
The Govt. is not for the people. It is for themselves to take what, when and how. There is no regulation to the possibilities regarding abuse of power.
The PM or the minister of finance can wake up any morning and raise interest rates and implement taxes any which way they see it fit.
The majority PNP members in parliament know no morals. They rubber stamp opportunist deals made by the mnister of finance.


[/ QUOTE ]

The above quote gave me the impression the Financial market is not regulated or isn't regulated properly. In a properly regulated sector, one of the primary directives must be to stamp out corruption and manipulation of the sector or market while protecting it's customers and raising standards for the investors and financial houses/companies.

[ QUOTE ]

Jamaica endures an apartheid segregationalist classist elitist govt that by virtue of the people all sharing the same colour escape the procrastination of Racism had there been in fact ethnic and racial differences between the poor and the rich. If all that has happened during the PNP`s reign occurred under an Eddie Seaga, there would be no end of shouts for his head to roll down the gutters of w. Kingston. But since, it was PJ and now SistahP, nutten nuh wrang.

[/ QUOTE ]
Well I am not a political person so I can't comment on the above. However a properly INDEPENDENT regulatory body is also non political. It is strictly to do with the prosperity and integrity of the sector in which it regulates and amend it's directives and regulations to plug loop-holes that are/can be exploited; though this is done through the passing of the necessary bills in the political arena (House of parliament). As for classism and racism, they have been with Jamaica since the beginning and hence my previous post regarding "investor in people" it tackles those issues and give opportunities to individuals based on skills, experience, qualifications, performance or all the above rather than the backward non-productive and destructive methodology of racism and classism.

[Q3210]

Re: More foreigners securing jobs in Jamaica

Morph, I was not accurate to the maximum regarding Jamaica having a financial regulatory body.
Kin 20 is correct and I stand corrected.

However, our servants have become the masters and they pilfer alsmot at any costs where they can find wealth.

Latest is the pilfering of the National Housing Trust reserves a statutory body founded by Mike Manley said to help people acquire homes and now since SistaP became PM, she now is being advised no doubt by the `best finance minister` Jamaica has ever seen (so the propagandists say) to pilfer the NIS National Insurance reserves where it is said to have billions in reserve.

Mind you in Jamaica today, we have survivors, pensioners who are getting J$800 a fortnight out of contributions they made for years to the NIS.
Instead of improving their chances of survival by improving measly $800 to respectful and decent Jamaican men and women, SistahP and Omar Daviwes sees it fit in their desperation to raise money, to pilfer what is there for a purpose ....in other words...fraudulent conversion.
A serious indictment on our leaders today, 2006.

[Blackstar*]

Re: More foreigners securing jobs in Jamaica

Good discussion. Thanks to all the participants. [img]/forums/images/graemlins/70409-waytogo.gif[/img]