Accredited Third States
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Former Jamaican PM to be honoured
NEW YORK, CMC – Former Jamaican Prime Minister, P.J. Patterson will be honoured by the New York based nonprofit Children of Jamaica Outbreach (COJO) its Scholarship Luncheon and Awards this week. The group says it will also honor corporate giant J. Wray and Nephew Limited at the same event at the Spanish Court Hotel in Jamaica on Wednesday. COJO said…
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Caribbean will dominate global saving and investment says World Bank
WASHINGTON, CMC – A new World Bank report predicts that in less than a generation, the Caribbean will be among developing countries dominating global saving and investment. The World Bank’s Global Development Horizons (GDH) report says that by 2030, half the global stock of capital, totaling US$158 trillion (in 2010 dollars), will reside in the developing world, compared to less…
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US television and film star partners with CTO for Caribbean Week in New York
NEW YORK, CMC – The Barbados-based Caribbean Tourism Organization (CTO) says a leading United States television and film star has partnered as the celebrity spokesperson for its 40th celebration of Caribbean Week in New York. Perhaps best known as the “Medical Examiner, Melinda Warner” on NBC’s long-running top-rated series, “Law & Order: Special Victims Unit,” and more recently in Paramount…
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Canada to fund open campus education
St. John’s Antigua- Over the next five years, the University of the West Indies UWI’s distance learning programme – the Open Campus – will be receiving a total of $20 million Canadian dollars from the government of Canada. The donation was announced yesterday as Canada’s Foreign Affairs Minister of State Dianne Ablonczy spoke at University Centre in Antigua &Barbuda. She…
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ECLAC says region receives “new record high” of foreign direct investment in 2012
SANTIAGO, Chile, CMC – The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) says the region received a “new record high” of foreign direct investment (FDI) in 2012. According to the ECLAC report “Foreign Direct Investment in Latin America and the Caribbean 2012”, the region received US$173.3 billion dollars of FDI (6.7 per cent more than in…
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Euro Zone Economy Shrinks; Recession Returns in France
PARIS — The euro zone economy shrank more than expected in the first three months of 2013, official data showed Wednesday, marking a sixth consecutive quarter of decline as France returned to recession for the first time since 2009 and Germany marked time. The 17-nation euro zone contracted by 0.2 percent from the last three months of 2012, Eurostat, the…
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Study calls on regional governments to modernize tax system
WASHINGTON, CMC – A new study published here is urging Latin America and Caribbean governments to renew efforts to modernize their tax system. The study done by the Inter-American Development Bank (IDB) suggests that while Latin America and the Caribbean have made great strides in boosting tax collection in recent years, they need a new generation of fiscal and tax…
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Europe’s Careless Dithering
EUROPE’S economic problems are growing steadily worse, with unemployment in parts of the Continent now above the level reached in the United States during the Great Depression. Meanwhile, policy makers dither over solutions. Last week, the European Central Bank cut interest rates by a meager quarter of a percentage point, akin to giving two aspirin to a patient with pneumonia.…
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Caribbean nationals could benefit from new Immigration Bill
WASHINGTON, CMC – The United States Congress has started formal consideration of a sweeping immigration reform bill that creates a “path to citizenship” for an estimated 11 million undocumented immigrants, including Caribbean nationals. The Senate Judiciary Committee is expected to finish work on the bill this week adopting Republican amendments aimed at stronger border security. The immigration bill requires the…
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