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            [post_date] => 2018-01-10 10:00:18
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            [post_content] => Though warnings were cancelled about an hour later, tsunami alerts were sent out on Tuesday night as a 7.6 magnitude earthquake occurred out in the Caribbean Sea. The colossal tremor which occurred around 9:51PM was recorded to have a depth of 6.2 miles (10 km) and a location between the coast of Honduras and the Cayman Islands, exactly 202 kilometres north-northeast of Barra Patuca, Honduras, and 303 kilometres southwest of George Town, Cayman Islands. It was said to be one of the strongest to hit the Caribbean in recent history.

Thankfully, there was no major damage induced from the strength of the earthquake and its several aftershocks. A report from officials in Honduras said shaking was registered across majority of the nation and there were calls to report cracks in homes in Colo and Atlantida provinces along the northern coast, and Olancho in eastern Honduras.

Following the quake, the National Tsunami Warning Center advised that hazardous tsunami waves were possible within 621 miles of the epicenter, which included the coastal areas of Jamaica, Mexico, Cuba, Belize, Costa Rica, Panama, Cayman Islands, Honduras, Nicaragua, Guatemala, Puerto Rico and the Virgin Islands. Learn more about the place at http://www.exceptionalvillas.com/british-virgin-islands.

As for the tsunami warnings, there were reports of quickly receding water, up to 10 feet along the shores of Belize, but the warnings were called off as of 10:48PM. The University of the West Indies Seismic Research Centre said although the tsunami threat was minimal, the effects of it could have been felt minutes after the earthquake occurred.

“This is often not enough time for officials to raise an alarm or warn coastal communities. As a result, people should know the natural warning signs and act accordingly,” the organization shared in a statement. “You may not feel the earthquake but if you see the sea withdraw an unusual distance and/or hear a loud rumble/roar, get to higher ground. Being aware can save you and your loved ones from this dangerous hazard.”

The quake came in the midst of Earthquake Awareness Week in Jamaica, which is being observed from January 7-13 under the theme ‘Preparing for the Quake Helps Reduce Damage After the Shakes’. The last quake to have caused massive damage to a Caribbean island was on January 12, 2010 when a 7.0 tremor hit Haiti, affecting the entire island.
            [post_title] => Tsunami Alert Triggered As 7.6 Magnitude Tremor Rocks Caribbean
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Tsunami Alert Triggered As 7.6 Magnitude Tremor Rocks Caribbean

January 10, 2018
1

Though warnings were cancelled about an hour later, tsunami alerts were sent out on Tuesday night as a 7.6 magnitude earthquake occurred out in the Caribbean Sea. The colossal trem...Continue reading

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            [post_date] => 2018-01-04 10:00:01
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            [post_content] => A family-owned Jamaican manufacturing and distribution company has started listing on the main market of the Jamaica Stock Exchange (JSE) with the largest single amount of money secured in an initial public offering (IPO).

Wisynco Group Limited, which distributes food, beverages and paper products, and also manufactures its own line of products, had offered just over 20 per cent of its shares to the investing public – 149,414,576 ordinary shares – at J$7.87 per share. Another 314.7 million shares were reserved for employees, strategic investors and stock brokers.

The IPO opened on December 6 and was oversubscribed two days after. And the homegrown company, with over 4,000 products across 110 brands, secured J$6.17 billion (US$49.8 million) in equity from investors – the largest in Jamaica’s capital markets history.

“The oversubscription of our shares also provides a testament of the faith that Jamaicans have in our company,” Wisynco chairman William Mahfood said at the listing ceremony on December 28.

Managing director of the JSE, Marlene Street Forrest, encouraged more large local companies to seek equity capital from the market in order to further expand and increase their level of competiveness, both Jamaica and globally.

“Based on the levels of oversubscription when offers are made available to the market, it is evident that investors are interested in good companies in which to invest. There is a definite appetite for equity and quasi equity securities. This increase in awareness of the market and willingness to participate is not by accident or an overnight feat. This has been achieved by the hard work, especially in recent years, of our brokers, attorneys and other market players in educating the market and putting in the hours to work with both companies and investors to seek capital and invest in solid businesses respectively,” she said.

Wisynco gained 25 per cent on its first day of trading on the JSE.
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History Made For Jamaica Stock Market By Family-Owned Company

January 4, 2018
1

A family-owned Jamaican manufacturing and distribution company has started listing on the main market of the Jamaica Stock Exchange (JSE) with the largest single amount of money se...Continue reading

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            [post_date] => 2018-01-03 10:00:33
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            [post_content] => Many airline passengers in Kingston, Jamaica hoping to depart the island on New Year's Day ended up missing their flights due to a massive traffic congestion that lasted for several hours. The National Security Minister, Robert Montague, is eager for answers as the traffic caused by a party approved by the police high command blocked the sole road to the Norman Manley International Airport. According to the Jamaica Gleaner Montague gave the officials responsible a deadline of 5PM yesterday to provide answers. This report is expected to be provided by the Commissioner of Police, George Quallo, outlining the circumstances surrounding the traffic pileup on the Palisadoes Road.

According to a media house in Jamaica, the road blockage on the strip was reportedly as a result of patrons of the Sandz party who parked their vehicles in a disorganized manner. Montague shared in a statement issued on Tuesday morning that he must receive a report from Commissioner Quallo that specifically outlines the conditions surrounding the issue of the permit, the policing plan that was put in place for the event, and steps that will be taken to hold someone accountable. Mr. Montague noted that the police should have drafted a plan that would cover traffic flow since approving the permit for the party.

“Who gave permission? Why? Where was the policing plan? Where were the police? What if there was a disaster at the airport?” he questioned. “Where was the traffic plan? What consideration went into it? What if there was an emergency at the airport or in Port Royal and emergency vehicles had to get to either location?”

This report  provided by Commissioner Quallo will be publicly shared by Montague.

Commissioner Quallo, in the meantime took to Twitter to apologize for the inconvenience caused by the pileup and expressed that it had embarrassed the Jamaica Constabulary Force as a whole. He said a probe has been ordered.



 

Not only did the massive traffic jam affect passengers, but also flight crew, where there was a case of a British Airways crew member arriving at the airport three hours after the aircraft was scheduled to depart. Videos of flight passengers taking matters into their own hand by walking to the airport with their suitcases also surfaced.


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New Year's Party In Jamaica Leads To Massive Traffic Congestion & Flight Delays Lasting Several Hours Long

January 3, 2018
1

Many airline passengers in Kingston, Jamaica hoping to depart the island on New Year's Day ended up missing their flights due to a massive traffic congestion that lasted for severa...Continue reading