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EDITORIAL – Dr Phillips must hold his nerve
KINGSTON, Jamaica – Dr Peter Phillips must be under tremendous pressure from his Cabinet colleagues over the slide of the Jamaican dollar in relation to the greenback, now at J$100:US$1. But Dr Phillips and the central bank governor, Mr Brian Wynter, must hold their nerve. In fact, Dr Phillips has pushed back hard, telling his colleagues to accelerate and begin…
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Finance Minister leads delegation to Europe for talks
KINGSTON, Jamaica, CMC – Finance Minister Dr. Peter Phillips is leading a delegation to Europe for talks with officials from a financial institutions, according to an official statement released here. It said that the talks are intended to apprise agents in the international capital markets of developments on the government’s economic reform programme and the growth agenda. Information Minister Sandrea…
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Govt taps $833m from Chinese
PORT OF SPAIN, Trinidad – Trinidad and Tobago is already beginning to put some $833 million of the US$3 billion in concessional loans from China to use. Prime Minister Kamla Persad-Bissessar announced yesterday this country will be able to immediately access $833 million of these funds to accelerate the development of Business/Commercial and Industrial Parks throughout Trinidad and Tobago. “We…
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Sino-Caribbean relations: Priorities and tradeoffs
GEORGETOWN, Guyana – The visit to the Caribbean earlier this month by Chinese Leader Xi Jinping and the simultaneous announcement that the region would be the beneficiary of yet another huge tranche of financial aid from the People’s Republic of China (PRC) lends a predictable continuity to Beijing’s pursuit of the use of economic diplomacy as a tool with which…
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UN condemns forced eviction of families
PORT AU PRINCE, Haiti, CMC – A senior United Nations official has expressed concern about ongoing illegal forced evictions and human rights abuses of families displaced by the 2010 earthquake. The Office of the Humanitarian Coordinator for Haiti said that earlier this month, the United Nations was informed that 120 to 150 families displaced by the earthquake and residing in…
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Countries slow to ratify Cariforum/EU EPA
PORT OF SPAIN, Trinidad – Political will is needed for all the countries in Cariforum and the European Community to ratify the Economic Partnership Agreement (EPA), British High Commissioner to T&T Arthur Snell said yesterday. He admitted that implementation of the agreement has “not been as speedy as we would have wished.” Snell, who spoke with reporters during the lunch…
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JMA to AJ Nicholson: ‘Step aside, minister’
KINGSTON, Jamaica – THE Jamaica Manufacturers' Association (JMA) yesterday told Foreign Affairs and Foreign Trade Minister AJ Nicholson to step aside or start singing a different tune on the trade dispute between Jamaica and Trinidad and Tobago. In a strongly worded reaction to Nicholson's outburst in the Senate on Friday against their criticism of Trinidad and Tobago's trade practices, the…
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