Barbados
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March 26, 2013745
EPA and CSME Standby Facilities launched
(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) (The Economic Partnership Agreement (EPA) Standby Facility represents a new paradigm for collaboration between Caribbean Forum of African, Caribbean and Pacific States (CARIFORUM) States and the European Union (EU), as does the Caribbean Community (CARICOM) Single Market and Economy (CSME) Standby Facility with respect to collaboration between CARICOM States and the EU. The Director-General…
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March 25, 2013859
Economist: Wrong measures
BRIDGETOWN, Barbados – Claiming to be bemused by the 2013 Estimates of Revenue and Expenditure, economist Ryan Straughn says the Government is not willing to take advice and has failed to take the necessary measures to take Barbados on a growth path. Pointing to what he predicts will be a historic decline in foreign reserves in the first quarter, the president…
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March 25, 2013857
Hope for agreement?
BRIDGETOWN, Barbados – IF ever there is a puzzle between Barbados and Trinidad and Tobago, it has to do with the exceptionally long delay for the two countries to conclude a fishing agreement. Is it likely therefore that that there will ever be one? Last week the Prime Minister Freundel Stuart spoke on the matter which has been ongoing for…
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March 25, 2013774
CCJ right court for region
BRIDGETOWN, Barbados – The Caribbean Court of Justice (CCJ) wrapped up the Barbados leg of the Shanique Myrie case here during the past week and in the process completed a major demonstration of why this institution has become a critical part of our regional jurisprudence. The Myrie case is of course an important one. It highlights the wisdom of creating…
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March 22, 2013849
Focus on water co-operation
BRIDGETOWN, Barbados – Throughout the ages, man has held water as the most precious natural resource on earth; and rightfully so, since water is the source of all life on this planet and, coincidentally, it is only on earth that one can find this liquid. For such a simple chemical structure, water has led to many complicated challenges with regard…
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March 22, 2013857
CTO focusing on TSAs
BRIDGETOWN, Barbados – THE Caribbean Tourism Organisation (CTO) is charting the way forward in establishing and maintaining a well co-ordinated system of Tourism Satellite Accounts (TSAs) in the Caribbean. The objective of the TSAs is to help strengthen the capacities of the governments to assess the impact of tourism on the Caribbean economies through accurate and timely provision of information,…
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March 22, 2013845
Stimulus welcome, but heed auditor
BRIDGETOWN, Barbados – The Estimates debate has taken pride of place during this week as the Lower House has debated the economy against the backdrop of the Minister of Finance’s presentation to the House. Perhaps the most important development has been the announcement by the Finance Minister that a stimulus of $600 million will be adopted as part of the…
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March 22, 2013882
Howard slams stimulus plan
BRIDGETOWN, Barbados – ECONOMIC MADNESS! That’s how economics Professor Michael Howard has described Government’s proposed $600 million economic stimulus, warning that the country simply cannot afford it. And he has suggested that given the “weakness of our productive sectors, our large fiscal deficit, our sluggish tax receipts and our downgrade to junk status”, a policy of austerity and expenditure reduction…
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March 22, 2013891
Police officer denies cavity search and mistreatment of Shanique Myrie
BRIDGETOWN, Barbados, CMC -A police officer accused of conducting a cavity search on Jamaican Shanique Myrie vehemently denied the allegation as she took the stand before the Caribbean Court of Justice (CCJ) on Thursday. As the Barbados leg of the case wrapped up after four days of testimony, Constable Sirphene Carrington, an officer of the Royal Barbados Police Force with…
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March 22, 2013820
Time to ‘get serious’
BRIDGETOWN, Barbados – THE CARIBBEAN’S PREOCCUPATION with “leisure, pleasure and nice time” is hampering its productivity and progression, says Prime Minister of St Vincent and the Grenadines Dr Ralph Gonsalves. Addressing the Caribbean Export Development Agency’s Exporters’ Colloquium at Hilton Barbados on Wednesday, he said people in the region were limiting themselves by not working hard enough and smart enough.…
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