Antigua and Barbuda
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January 23, 20131,042
$7M profit for LIAT impossible
ST JOHN’S, Antigua – A month after projecting it would make a “modest” $7 million profit in 2013, LIAT says such an achievement is no longer possible. The company had hinged its profit making ability on complete re-fleeting that got off to a late start, due to a lack of funds and reconstruction of aircraft records destroyed in a blaze…
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January 21, 20131,105
The unscrambling of the scramble for Africa
ST. JOHN’S, Antigua – Colonialism and its concomitant result, slavery, has been perhaps the worst episode in human history that demonstrates the inhumanity of man to man. Whereas slavery existed for thousands of years on this earth, the European scramble for Africa produced chattel slavery. One of the by-products of this system was the listing of human beings as slaves…
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January 21, 20131,310
ALP leader to Vere Bird III: ‘Not on my ticket’
ST JOHN’S, Antigua – Political Leader of the Antigua Labour Party (ALP) Gaston Browne has stoutly rejected the request by Attorney Vere Bird III to contest the next general elections on the ALP ticket. Browne, in a brief conversation with OBSERVER Media, said, “Not on my ticket,” when questioned about Bird’s interest. Bird made his interest known during a branch…
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January 18, 20131,074
LIAT signs deal for new aircraft
ST JOHN’S, Antigua – Aircraft supplier ATR and LIAT have jointly announced a deal for three planes. According to the release, the deal is valued at over 100 million US dollars. LIAT officials say the first of the 48-seater ATR 42-600s is to be delivered in June. The deal also reportedly includes the option to purchase two 68-seat ATR 72-600.
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January 17, 20131,274
Tourism needs our attention
ST. JOHN’S, Antigua – Almost all of the countries of this region depend on tourism but the industry does not dominate the economies of all of the Caribbean countries. Jamaica exports bauxite; St Lucia produces bananas and manufactures lights, and Barbados, described as having a well-developed mixed economy also has offshore finance and information services as important foreign exchange earners.…
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January 17, 20131,279
Multi-million dollar poultry farm for Antigua?
ST JOHN’S, Antigua, CMC – The Antigua and Barbuda Investment Authority (ABIA) says negotiations are continuing with investors for the establishment of a US$75 million poultry farm here. A statement posted on the government website said the project, which will focus mainly on the export market, will provide direct employment for approximately 800 people. ABIA chairman Dr. McChesney Emanuel has…
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January 15, 2013698IRENA GENERAL ASSEMBLY MEETING
The Third General Assembly Meeting of the International Renewable Energy Agency (IRENA) was held on 13-14 January 2013 in Abu Dhabi, and the CARICOM Secretariat represented by its Programme Manager, Energy, participated as an Observer. Four CARICOM Member States were also represented, viz, Antigua and Barbuda, Grenada, Guyana, and St. Vincent and Grenadines. The CARICOM Secretariat representative delivered a presentation…
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January 14, 20131,194
Stanford receiver seeks court approval for interim payment to investors
DALLAS, Texas, CMC – The receiver for jailed Texas financier Allen Stanford’s assets has sought approval from a US federal judge for interim payment to swindled investors. In a filing in a federal district court, Ralph Janvey, the court-appointed receiver, asked Judge David Godbey for his permission to pay more than 17,000 investors an initial distribution of US$55 million. If…
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January 9, 20131,056
Flights to Antigua on the increase, says Maginley
ST JOHN’S, Antigua – Two international airlines have committed scheduled flights to Antigua, increasing total airlift to the country, Tourism Minister John Maginley reported. German airline Condor and Italian airline Blue Panorama both have scheduled flights to Antigua for the current winter season. Maginley, speaking during the Budget debate in Parliament yesterday, was responding to charges by the opposition that…
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January 9, 20131,081
Opposition outlines plans for revitalising economy
ST JOHN’S, Antigua, CMC – The main opposition Antigua Labour Party (ALP) has unveiled a “rescue plan” for the island that it says will generate an additional EC$100 million (One EC dollar = US$0.37 cents) annually. Opposition Leader Gaston Browne responding to the 2012-13 tax free national budget presented to Parliament last month by Finance Minister Harold Lovell, said the…
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