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Government to build million-dollar medical facility
KINGSTON, Jamaica, CMC – The Cabinet has approved the construction of a US$200 million medical facility in the western parish of St. James in an attempt to tap into the multi-billion dollar global health tourism industry. Minister of Health, Dr. Fenton Ferguson said construction of the facility represents the first formal health tourism project for Jamaica and will be spearheaded…
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In Trinidad, Causes Debated as Flooding Worsens
PORT OF SPAIN, Trinidad, (IPS) – Officially, the Caribbean’s rainy season begins in June, coinciding with the start of the hurricane season. But recently, heavy rains have signalled an early start to the rainy season, flooding streets, swelling rivers and causing widespread damage to crops. “With global warming, you have to expect anything these days,” Shiraz Khan, president of the…
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Rating Agency reacts to IMF/Jamaica agreement
KINGSTON, Jamaica – RATING Agency Standard and Poor's says that last week's approval by the International Monetary Fund of a new agreement with Jamaica does not warrant a review of that country's credit worthiness at this time, as the details of the agreement were in line with expectations. At the same time, agency spokesman and analyst Joydep Mukherji has acknowledged…
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$200m CAL WRITE-OFF
PORT OF SPAIN, Trinidad – State carrier Caribbean Airlines (CAL) is facing a potential write-off of approximately $200 million in losses, including $60 million lost from what executives say could amount to credit card fraud related to airline ticket purchases. More than $100 million has already had to be written off from the company’s cargo department. A report submitted to…
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CAL on auto pilot
PORT OF SPAIN, Trinidad – Who’s minding the store? Yesterday, the Sunday Express reported on the millon-dollar write-off at national carrier Caribbean Airlines (CAL) in the midst of the company’s financial turbulence. Part 2 today considers whether CAL is being run in the best interest of its shareholders, the governments of Trinidad and Tobago and Jamaica, by the people appointed…
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Unnecessary calamity
PORT OF SPAIN, Trinidad – The most troubling thing about the current fuss about free travel at Caribbean Airlines is how familiar it all is. During the many decades of the airline’s previous incarnation as BWIA, flights were plagued with freeloading and flight status abuses, whimsical efforts at pampering wealthy, powerful people who were perfectly capable of paying for their…
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