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  • May 30, 2013
    832

    Government assures public servants of May salaries

    ST. JOHN’S, Antigua, CMC – The Antigua and Barbuda government says despite “the many challenges facing it at this time” it will put in place the necessary mechanism to ensure that public servants are paid on time this month. Finance Minister Harold Lovell said that payment should be made no later than Friday. In recent months, public servants, including teachers,…

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  • May 30, 2013
    826

    Minister wants private sector to concentrate on trade and not political issues

    BASSETERRE, St. Kitts, CMC – A senior member of the St. Kitts-Nevis government Wednesday urged the private sector to concentrate more on building trade relationships rather than engage in “questionable social and political battles”. International Trade, Industry, Commerce and Consumer Affairs Minister, Richard “Ricky” Skerritt, a former head of the private sector grouping here, said that the Chamber wastes far…

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  • May 30, 2013
    907

    ECCB rules out currency devaluation

    ST KITTS/NEVIS—The Eastern Caribbean Central Bank (ECCB) has rejected a suggestion by international ratings agency Moody’s Investor Services that the EC dollar should be devalued within the next five years. Moody’s had recommended that Caribbean territories devalue the currency or adopt the US dollar in an effort to address what it described as a “debt crisis” in the region. However,…

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  • May 30, 2013
    785

    Finance Minister rubbishes talk of IMF agreement

    BRIDGETOWN, Barbados, CMC – The Barbados government has described as “malicious and unfounded” reports that the island has held talks with the International Monetary Fund (IMF). Finance and Economic Affairs Minister Chris Sinckler has also rubbished suggestions that Barbados would be devaluing its local currency which now trades at 50 cents to one United States dollar. “There will be no…

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  • May 30, 2013
    781

    Expect busy hurricane season

    BRIDGETOWN, Barbados – The Caribbean region is likely to experience major storms and hurricanes this year during what is expected to be a busy hurricane season. This is according to the recently appointed Executive Director of the Caribbean Disaster Emergency Management Agency (CDEMA), Ronald Jackson. He was speaking during a press conference at CDEMA’s headquarters at the Manor Lodge Complex…

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  • May 30, 2013
    855

    ECLAC urges Caribbean to strengthen institutions to aid development

    CARACAS, Venezuela, CMC – The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) is urging regional countries to review and strengthen their institutions and instruments in order to maximize the contribution of natural resources to regional development, particularly in the current cycle of high prices. ECLAC has submitted a report to the “Conference of the Union of…

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  • May 30, 2013
    770

    No blacklist, says French envoy

    PORT OF SPAIN, Trinidad – French Ambassador Jacques Sturm said yesterday that there was no “blacklist”. “What you have heard about is a list that comes from the France Development Bank (AFD). It is working list for banking procedures. It is not an official list of the French government,” he said. AFD is the financial institution and the major implementing…

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  • May 30, 2013
    748

    Dookeran: Wrong to blacklist T&T

    PORT OF SPAIN, Trinidad – There is no basis for the “blacklisting” of Trinidad and Tobago by France, Minister of Foreign Affairs Winston Dookeran and Minister of Finance Larry Howai said yesterday. In a statement Howai said: “I question the legitimacy of this categorisation of Trinidad and Tobago and I consider that there are no grounds for including Trinidad and…

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  • May 30, 2013
    842

    Govt looking at better energy deal with China

    PORT OF SPAIN, Trinidad – Government will explore energy market expansion with the Chinese delegation which arrives in T&T tomorrow, Energy Minister Kevin Ramnarine has said. Speaking at yesterday’s post-Cabinet media briefing, Ramnarine acknowledged T&T will have to seek new markets for energy products since its main customer, the United States, projects energy self-sufficiency by 2020 and has boasted of…

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  • May 30, 2013
    857

    China President visits Trinidad

    PORT OF SPAIN, Trinidad (CMC) – China’s President Xi Jingping arrives in Trinidad on Friday for a three-day visit during which he will meet with Caribbean Community (CARICOM) leaders. The visit follows that of the United States Vice President Joe Biden earlier this week and according to a Chinese Embassy statement it is to “further increase political trust and consolidate…

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