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St. Lucia PM says Cuba cutting back on assistance to region
CASTRIES, St. Lucia, CMC – The St. Lucia government says several policy changes taking place in Cuba will severely affect Havana’s contribution to the health sector of Caribbean Community (CARICOM) countries. Prime Minister Dr. Kenny Anthony, who recently ended a week long official visit to Cuba where he held talks with President Raul Castro and other senior government officials, said…
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Government defends take over of merchant registries
BELMOPAN, Belize, CMC – Prime Minister Dean Barrow is defending the decision of his government to take over the International Business Companies Registry and the International Merchant Marine Registry of Belize even as the Belize International Services Limited (BISL), the private company managing the two companies, has warned of legal action. BISL insists that it has a contract with the…
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‘Don’t even think about it’ – King warns against int’l debt default
KINGSTON, Jamaica – After a couple of highly successful debt-swap programmes in the last three years, two economists have warned that Jamaica should not even contemplate a similar move for its foreign obligations. Such a move, warned Dr Damien King, head of the Department of Economics at the University of the West Indies (UWI), Mona, would have devastating consequences for…
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Multinational loans won’t stabilise dollar – IMF rep
KINGSTON, Jamaica – DR GENE LEON, the International Monetary Fund (IMF) senior resident representative to Jamaica, has branded as illusionary, the view that an inflow of hard currency from the multinationals will bring stability to the country's foreign exchange market. Leon, who was a guest at The Gleaner's Editors' Forum on Wednesday, said stability results from earning enough foreign exchange…
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Import duty hike will punish J’can consumers – economists
KINGSTON, Jamaica – A LEADING economist says Jamaicans would be punished with higher prices if the Jamaica Manufacturers' Association (JMA) is able to successfully lobby the Government to increase import duties to protect local markets. “You have to realise that the JMA sector and … consuming Jamaicans have diametrically opposed interests. If the JMA gets its way, you pay more…
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Government gets support for multi-billion dollar supplemental budget
PORT OF SPAIN, Trinidad, CMC – The Trinidad and Tobago government Thursday received parliamentary approval for a TT$2.8 billion (One TT dollar = US$0.16 cents) supplemental budget that Finance Minister Larry Howi said would be use mainly to meet outstanding payments to public workers. But opposition legislators refused to support the new fiscal measure saying that the coalition People’s Partnership…
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IACHR condemns the death of Haitian national by Dominican Republic authorities
WASHINGTON, CMC – The Inter-American Commission on Human Rights (IACHR) is condemning the death of Jean Robert Lors, a 31-year-old Haitian national, who reportedly died last month after being beaten by agents of the General Directorate of Migration and of the police in the Dominican Republic. IACHR said Lors was among people picked up during a massive repatriation roundup carried…
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Mandela’s legacy
PORT OF SPAIN, Trinidad – AS I write this Nelson Mandela is still with us. He may even still be living at the end of this year. But this is his fourth hospitalisation in six months, and the prognosis for 94-year-old men with persistent lung infections is not good. How will South Africa do without him? Wrong question, actually. In…
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