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BAHAMAS-ECONOMY-Government will not increase taxes
NASSAU, Bahamas, CMC – The Bahamas government says it will not increase taxes despite inheriting nearly US$100 million in unpaid bills by the previous government. Minister of State in the Ministry of Finance, Michael Halkitis, speaking during the debate on the 2012/2013 Mid-Year Budget Statement on the six months ending December 31, 2012, said the unpaid bills include more than…
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BAHAMAS-AGRICULTURE-IICA pledges assistance to the Bahamas
San Jose, Costa Rica, CMC- The Inter-American Institute for Cooperation on Agriculture (IICA) says it will be assisting The Bahamas in implementing programmes to increase food production, reduce the import bill and improve agricultural health and food safety. Agriculture, Marine Resources and Local Government Minister Alfred Gray has been holding talks at the IICA headquarters here in order to adjust…
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CARIBBEAN-MIGRANT-United States frees Caribbean detainees
WASHINGTON, CMC – In a move clearly designed to save money, the United States Immigration and Customs Enforcement (ICE) agency says it has released a number of Caribbean and other immigrant detainees from jails and detention centers across the country. ICE said that the move comes as automatic US federal budget cuts loom on March 1. “In order to make…
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Energy ministers meet for special COTED in Trinidad
(CARICOM Secretariat)) Dr. the Honourable Ralph Gonsalves, Prime Minister of St. Vincent and the Grenadines, will lead his delegation to a special meeting of the Caribbean Community (CARICOM) Council for Trade and Economic Development (COTED) on Energy which will be held in Port-of-Spain, Trinidad and Tobago on 1 March. Mr. Charles Kirnon, Deputy Premier of Montserrat is also to attend…
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Tourists rebooking early for next visit – Tobago hoteliers pleased with new trend
PORT OF SPAIN, Trinidad and Tobago – Tobago hoteliers are reporting a new trend among international visitors—many are booking their next visit while still on holiday on the island. “There has been a pleasing trend among international markets (that we have noticed) this Christmas. People who are here are rebooking for 10, 12 to 14 months down the road. And…
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World’s postal services struggle with lower demand
OTAKI, New Zealand (AP) – Sandra Vidulich is so excited about the leather boots she ordered through Amazon that she rips open the box in front of the postman and tries them on. “I looove them,” she declares, as the driveway at her tree-lined home in rural New Zealand briefly becomes a catwalk. “They're cool.” For now, a boom in…
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IMF Negotiations Pressure J$
KINGSTON, Jamaica, Gleaner – Bank of Jamaica governor Brian Wynter said the ongoing negotiations between the government and the International Fund has contributed to speeding up the depreciation of the Jamaican dollar against the United States dollar. At the same time, Wynter said the above average decline in the value of the currency during the October to December 2012 quarter…
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Debt programme necessary, effective, but insufficient, says CaPRI
KINGSTON, Jamaica, Observer – THE Caribbean Policy Research Institute (CaPRI) has concluded that Jamaica cannot do without the proposed loan agreement with the International Monetary Fund (IMF) at this time. However, the think tank, established to promote evidence-based policy dialogue within Caribbean societies, says that, while the Government's debt reduction programme is necessary and effective, it is “insufficient” to ensure…
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