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St Vincent PM calls for regional meeting on reparations
(CARICOM News Network) St. John’s, Antigua- Prime Minister of St Vincent & the Grenadines Dr Ralph Gonsalves has offered his home nation as a possible location to host a meeting of an exploratory committee on reparations. “I am suggesting a special regional conference on reparations, including governments NGOs and distinguished personalities of relevance,” he said. “This conference ought to be…
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‘Local banks working with US to beat tax evasion’
PORT OF SPAIN, Trinidad and Tobago, Express -Local banks are on track to being compliant with US tax legislation, the Foreign Account Tax Compliance Act (FATCA), by next year’s deadline, Bankers’ Association president David Dulal-Whiteway said yesterday. FATCA was enacted in the US Congress in 2010 and is part of that country’s effort to combat tax evasion by US citizens…
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ECCB Rules Out Devaluing EC Dollar
(CARICOM News Network) St. Kitts and Nevis (WINN): The Eastern Caribbean Central Bank (ECCB) has ruled out devaluing the EC dollar within the next five years. The Bank’s Managing Director, Jennifer Nero has made it clear that devaluation is not on the cards. She confirmed that there has been “substantial analysis” done on the matter of the value of the…
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For VP Biden, a plain-talk welcome
PORT OF SPAIN, Trinidad and Tobago, Express – US vice-president Joe Biden has come all the way to Trinidad and Tobago, via Bogota, Colombia, surely having been briefed on matters topping the agenda of US-Caribbean relations. The veteran US senator, now second in command to President Barack Obama, can be assured of a warm T&T welcome and hospitality during his…
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Chamber president: SMEs making big contribution to GDP
PORT OF SPAIN, Trinidad and Tobago, Guardian – The Small and Medium Enterprises (SME) sector is now making a bigger contribution to the economy of T&T, Moonilal Lalchan, president, T&T Chamber of Commerce, said yesterday. “Statistics show that at the end of 2011, the over 20,000 SME’s contributed to roughly 30 percent of our Gross Domestic Product (GDP) and employed…
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Fire on Royal Caribbean cruise ship cuts short Bahamas trip
(Reuters) – Fire aboard a Royal Caribbean cruise ship forced it to dock at Freeport, Bahamas, yesterday, with all passengers and crew safe but the rest of the trip cancelled, the cruise company reported. Grandeur of the Seas, operated by Royal Caribbean Cruises Ltd, was on a seven-night trip that left Baltimore on Friday. The 916-foot-long (280-metre) ship was en…
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Is the IMF programme really Jamaica’s last chance?
KINGSTON, Jamaica, Observer- ON Monday, the UK's leading Financial newspaper, the Financial Times (FT), had an article headlined “IMF bailout looks like last chance for Jamaica”. The newspaper quoted what it described as a senior official involved in the talks as saying: “It's a high-risk programme, a last-ditch effort to avoid a massive adjustment, even a collapse.” The article concludes…
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