Accredited Third States
-
Caribbean tourism uphill struggle continues
NEW YORK, CMC – A senior official of the Barbados-based Caribbean Tourism Organization (CTO) Tuesday warned that the Caribbean “is barely keeping its head above water” amid predictions that the sector will record a slight increase in tourist arrivals in 2013. CTO Director of Research and Information Technology, Winfield Griffith, told a workshop that forms part of the Caribbean Week…
Read More » -
Leading Canadian bank commits to complying with IRS Caribbean request
TORONTO, Canada, CMC – A leading Canadian bank here says it is committed to complying with the United States Internal Revenue Service’s (IRS) request for information about US taxpayers who may hold offshore accounts at a Caribbean bank. Last month, the IRS filed a “John Doe” summons requesting information on an unknown number of unnamed people against US taxpayers with…
Read More » -
Focus on US and China at Invest Caribbean
NEW YORK—Investment in the Caribbean region is bringing together a unique coalition for Caribbean American Heritage Month, as the United States, China and the Caribbean unite for Invest Caribbean Now 2013. The sold out Forum tomorrow at the Radisson Martinique Hotel in New York City, comes on the heels of US President Joe Biden’s Caribbean trip on May 28 for…
Read More » -
Oil exploration suspended
HAVANA, Cuba, CMC – A Russian state oil company drilling off Cuba’s northern shores says it is temporarily halting its exploration. Zarubezhneft said it was halting work because of “geological” problems but will resume oil exploration next year. The announcement signaled an end to the only active exploration program in Cuba which now relies on highly subsidized oil from Venezuela.…
Read More » -
Venezuelans rally on Calle Ocho to allege fraud in presidential elections
Several thousand Venezuelans gathered in the heart of Little Havana on Sunday in one of a string of rallies around the world to voice their allegations of fraud in April elections officially won by President Nicolás Maduro. Under a sea of red, blue and yellow Venezuelan flags and amid chants of “fraud,” the protesters packed a stretch of Southwest Eighth…
Read More » -
Caribbean urged to curb tobacco smoking
WASHINGTON, CMC – Calling tobacco use the deadliest global pandemic ever, a former President of Uruguay has urged decision makers in the Caribbean and Latin America to step up efforts to curb smoking. In making reference to World No Tobacco Day, Tabaré Vázquez, an oncologist by profession, said the war against smoking should not only be waged in doctors’ offices…
Read More » -
Major credit rating agency says bond restructurings still fail to ignite Caribbean growth
NEW YORK, CMC – A major international credit rating agency says three bond restructurings in the Caribbean this year, totaling about US$9.7 billion, have still failed to ignite economic growth and may not help the region avoid more defaults. Moody’s Investors Service said the bond swaps this year did not go far enough to fixing the Caribbean’s “unsustainable” mix of…
Read More » -
Brutal talks and the US-Caribbean relationship
KINGSTON, Jamaica – Much media coverage was given to the signing on May 28 in Trinidad of a Trade and Investment Framework Agreement (TIFA) by US Vice-President Joseph Biden and current chairman of the 15-nation Caribbean Community, Haiti's President Michel Martelly. But the TIFA must not be mistaken for what it is not. Although its name sounds grand, it is…
Read More » -
China, Venezuela winning the PR war
KINGSTON, Jamaica – RECENTLY, United States President Barack Obama visited Mexico and Costa Rica. His last visit to the Caribbean was in April 2009 when he attended the Summit of the Americas in Trinidad. Hilary Clinton, while she was secretary of state, met the leaders of the Caribbean in Montego Bay. This past week, Chinese President XI Jingping met with…
Read More » -
US Vice President gives assurance WTO matter will soon be resolved
ST JOHN’S, Antigua – US Vice President Joe Biden assured that the 10-year old online gaming dispute between Antigua & Barbuda and the United States is on the desk of President Barack Obama. That report came from Prime Minister Baldwin Spencer who met with Biden at a Caricom meeting in Trinidad this week. “He (Biden) said the matter is on…
Read More »