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  • June 6, 2013
    864

    IMF says Antigua and Barbuda successfully completes Stand By Agreement

    WASHINGTON, CMC – The International Monetary Fund (IMF) Wednesday said Antigua and Barbuda had successfully completed a multi-million dollar Stand By Agreement (SBA) despite “considerable challenges”. The IMF said the Baldwin Spencer government will receive an immediate disbursement of US$25.4 million following the last review of the SBA which will expire on June 6. The 36-month SBA was approved on…

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  • June 6, 2013
    760

    EDITORIAL: Something amiss with our tourism

    BRIDGETOWN, Barbados – We often say that tourism is our business and that is true since it is a major foreign exchange earner for our vulnerable open economy which needs foreign exchange to ensure its stability. Recent developments have, however, caused us some concern and the latest statistics do not give us any comfort. A recent panel discussion held at…

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  • June 5, 2013
    758

    Africa yet to tap full potential

    BRIDGETOWN, Barbados – LAST MONTH Africa’s 54 leaders celebrated the 50th anniversary of the founding of the Organization of African Unity (OAU) – it became the African Union (AU) in 2002 – which had its origins in the struggle for decolonization and against apartheid. It was founded in 1963 in Addis Ababa, Ethiopia, the venue chosen to mark the anniversary.…

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  • June 5, 2013
    760

    Guest Opinion: America can help fix the world by fixing itself

    ST. JOHN’S, Antigua – Five years into the global financial crisis, the US and global economies remain mired in a weak-growth, low-inflation, high-unemployment environment. Debt busts such as 2008-09 are hard to exit from, and recoveries are long and painful. However, three complicating factors make the current environment even more challenging. First, economic growth models lie broken across developed and…

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  • June 5, 2013
    806

    Junior finance minister hospitalized

    BELMOPAN, Belize, CMC – Junior Finance and Economic Development Minister Santiago Castillo Junior, has been hospitalised after he was seriously injured in a cycling incident. Castillo, affectionately known at Santino, is an avid cyclist who owns and manages his own cycling team and actively participates in cycling races as an elite rider.

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  • June 5, 2013
    760

    Government hints that Local Government elections will not be held this year

    GEORGETOWN, Guyana, CMC – The Guyana government has hinted that the long awaited Local Government elections may not take place this year and is blaming the opposition grouping, A Partnership for National Unity (APNU) for deliberately delaying the process. The state-owned Chronicle newspaper Tuesday quoted Local Government Minister Ganga Persaud as saying that the work of the committee tasked with…

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  • June 5, 2013
    812

    Former speakers agree that opposition should not have involved the court in motion of no confidence

    BASSETERRE, St. Kitts, CMC – The former speaker of the Grenada parliament George McGuire says opposition legislators in St. Kitts-Nevis “played right into the hands of the Prime Minister” when they filed court action to force the Parliament to debate a motion of no confidence. McGuire, speaking on Winn FM radio here, said that issues relating to the parliament should…

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  • June 5, 2013
    777

    Meetings with Chinese President ‘fruitful’

    BRIDGETOWN, Barbados – Prime Minister Freundel Stuart has described as “very fruitful” the discussions he had last Sunday with the President of the People’s Republic of China, Xi Jinping, in Port-of- Spain. President Xi was on an official visit to Trinidad and Tobago over the weekend, where he held bilateral meetings with the Heads of Government of the Caribbean Community…

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  • June 5, 2013
    774

    Sir Edwin not concerned over US and China courtship of CARICOM

    PORT OF SPAIN, Trinidad – Ambassador Extraordinary and Plenipotentiary of Trinidad and Tobago to the Caribbean Community (CARICOM) sees no reason for concern over the recent visits by leaders of the two most powerful countries of the world to this region. Concerns have been raised in some quarters over the recent visits of US Vice- President Joe Biden and China’s…

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  • June 5, 2013
    821

    Fourteen countries collaborate on Facilitation of Maritime Traffic

    ST JOHN’S, Antigua – Thirty-six delegates representing 14 countries throughout the Caribbean are gathered at Jolly Beach for a five-day seminar hosted by Antigua & Barbuda Department of Marine Services and Merchant Shipping (ADOMS) and organised by the International Maritime Organisation (IMO). The IMO-organised Regional Seminar on Facilitation of Maritime Traffic (FAL) runs from June 4 to June 7with focused…

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