Year: 2013

  • July 17, 2013
    744

    Developing countries outperform rich nations in FDIs

    KINGSTON, Jamaica – Value-added trade contributes nearly 30 per cent to developing countries' gross domestic product, on average, compared with 18 per cent in developed countries, according to the recently released World Investment Report 2013. The report also revealed that last year, for the first time ever, developing economies absorbed more foreign direct investment than developed countries. However, it said…

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  • July 17, 2013
    851

    Regional countries urged to ratify ICC treaty

    LIMA, Peru, CMC – The Coalition for the International Criminal Court (ICC) is calling on the governments of the Bahamas, Haiti and Jamaica to join their Caribbean Community (CARICOM) member-countries and ratify the Rome Statute of the ICC. The Coalition for the International Criminal Court is a global network of civil society organizations in 150 countries working in partnership to…

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  • July 17, 2013
    762

    Government defends integrity of local doping commission

    KINGSTON, Jamaica, CMC – Prime Minister Portia Simpson Miller has defended the integrity of the Jamaica Anti-Doping Commission (JADCO) after five local athletes, including former world champion Asafa Powell and Olympic medallist Sherone Simpson, tested positive for a banned substance. Speaking in Parliament on Tuesday, Simpson Miller said all five athletes have now been informed of the adverse test results,…

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  • July 17, 2013
    812

    Opposition legislators walkout of Parliament

    BRIDGETOWN, Barbados, CMC – Members of the main opposition Barbados Labour Party (BLP) walked out of the Parliament on Tuesday night accusing Speaker, Michael Carrington, of unfair treatment in his rulings. Opposition leader Mia Mottley led the walkout after the Speaker refused to provide her with a copy of the Parliament’s official record so as to clarify a previous statement.…

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  • July 17, 2013
    834

    Jamaica to launch rare earth elements extraction project soon

    KINGSTON, Jamaica, CMC – Jamaica says it will soon launch the multi-million dollar rare earth elements extraction pilot project, being spearheaded the Jamaica Bauxite Institute (JBI) and Japanese entity, Nippon Light Metals. Science, Technology, Energy and Mining (STEM) Minister, Phillip Paulwell, whose ministry has portfolio oversight for the initiative, said that construction work on the J$300 million (One Jamaica dollar…

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  • July 17, 2013
    909

    Guyana appoints first ever Commissioner of Information

    GEORGETOWN, Guyana, CMC – The Guyana government has appointed former attorney general and minister of legal affairs, Justice Charles Ramson, as the country’s first ever Commissioner of Information. Ramson took the oath before President Donald Ramotar describing his position as a “clearing house for all information requested for by members of the public”. The appointment of a Commissioner of Information…

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  • July 17, 2013
    852

    Government warns against “defaming” the image of the country

    NASSAU, Bahamas, CMC – The Bahamas government is urging people from “defaming our country” insisting it is not engaged in any inhumane treatment of people at detention centers in the country. Foreign Affairs Minister Fred Mitchell said the Perry Christie has “again learned with regret that demonstrations are to be held in Miami. “The anger of the protesters is misdirected…

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  • July 17, 2013
    797

    GAO slams USAID’s Haiti rebuilding work

    US efforts to help rebuild Haiti after the devastating 2010 earthquake have been plagued by poor planning, delays and mistaken cost estimates that have forced many projects to be scaled back, the US' Government Accountability Office (GAO) has concluded in a recently-released report. Of the $US651 million ($A708.22 million) Congress allocated for Haiti reconstruction to the US Agency for International…

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  • July 17, 2013
    876

    China provides 18 million for projects in Dominica

    ROSEAU, Dominica, CMC – China is providing more than EC$18 million (One EC dollar = US$0.37 cents) to Dominica for a number of community-based projects and the construction of a new hospital in the capital. “This assistance is being granted to us by China at a very difficult time for all of us in the world including China, but because…

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  • July 17, 2013
    812

    IMF pleased with economic performance of Belize

    WASHINGTON, CMC – The International Monetary Fund (IMF) says the completion of the exchange of the “super bond” for new United States denominated bonds has brought “substantial cash-flow relief” to Belize. The IMF, which recently concluded a review of the country’s economy, said that the new bonds, which will expire in 2038, has resulted in a cash flow of US$130…

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