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Is Governor Rambarran being too optimistic?
PORT OF SPAIN, Trinidad – Once again Central Bank Governor Jwala Rambarran is predicting a level of growth in the economy which seems unrealistic. On the release of the April 2013 monetary report on Tuesday, the Governor projected a 2.5 per cent growth in gross domestic product for 2013. This comes after his projection last year that the economy would…
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Destruction of T&T’s banana market
PORT OF SPAIN, Trinidad – Gone are the days when every fruit vendor in T&T had a variety of bananas. Over the last few years, “sikyè”, “silk”, “gros michel”, and “lacatan” bananas are seldom seen in our market and local grocery. Why does T&T import thousands of tonnes of bananas annually when such a desired fruit can be grown locally?…
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Haiti travel getting competition
JetBlue Airways, the low-cost carrier that has become a major player in the South Florida and Caribbean market, said Thursday it plans to begin offering daily nonstop service to Port-au-Prince, Haiti, from New York and Fort-Lauderdale-Hollywood. The announcement of JetBlue’s continued expansion into the region comes as a new Haitian start-up prepares for its Mother’s Day inaugural flight from Nassau,…
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What’s wrong with Caribbean Airlines?
PORT OF SPAIN, Trinidad – Just as soon as the airline begins to show signs of fractured operations, there is a flurry of Caribbean government “actions”, and a plethora of expert articles on what ails the airline and what should be done to make it better. Almost no one seems to remember the principle of structured transformation: the time to…
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CAL Five Absent
PORT OF SPAIN, Trinidad – The board of Caribbean Airlines Ltd (CAL) did not meet yesterday as scheduled because vice-chairman Mohan Jaikaran and other directors were absent. Jaikaran, who is also the chairman of WIN Communications Ltd (WINTV), was among five directors who were a no-show yesterday. The other absentee directors were Gizelle Russell, Avedanand Persad, Venosh Sagewan-Maraj and the…
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Transfer sentiments about Air Jamaica to Fly Jamaica
KINGSTON, Jamaica – TRINIDAD-BASED Caribbean Airlines (CAL) assumed responsibility for Air Jamaica flights as well as the right to use the Air Jamaica brand name in 2010. But it is clear that Jamaicans still have lingering sentiments about Air Jamaica, which have not been transferred to the new majority owners. There is also resentment over the recent decision by CAL…
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LIAT shareholders to meet in Barbados on Friday
KINGSTOWN, St. Vincent, CMC – The shareholder governments of the regional airline, LIAT, will meet in Barbados on Friday, but a planned meeting in Bridgetown with Trinidad and Tobago’s Prime Minister Kamla Persad Bissessar will not materialise, Prime Minister Dr. Ralph Gonsalves has said. He told a news conference that his Trinidad and Tobago counterpart was unable to attend the…
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Dominica hosting regional workshop on promoting regional economic integration
ROSEAU, Dominica, CMC – A three-day regional workshop aimed at promoting regional economic integration as part of an International Financial Corporation (FIC) implemented initiative to automate the Bureau of Standards’ clearance for imports began here Wednesday. “With this initiative we seek to help government agencies connect more efficiently, thus making import clearance easier and reducing logistics costs that are still…
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St. Lucia jolted by late night tremor
CASTRIES, St. Lucia, CMC – St. Lucia was jolted by an earthquake with a magnitude of 4.1 late on Tuesday night, the Trinidad-based Seismic Research Centre (SRC) of the University of the West Indies (UWI) reported Wednesday. It said that the quake occurred at 11.45 pm (local time) and was located at 14.02° degrees north, and 60.61 degrees west. UWI…
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